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Source: Live Mint After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue…
Source: Live Mint Bank of Baroda has rolled out BOB Utsav Deposit Scheme which has a 400-day tenure. The state lender offers an interest of 7.30 percent for the general public on this special deposit scheme. Interest rates for senior citizens Senior citizens are entitled to receive an extra 50 basis points i.e., 7.80 percent on…
Source: Business Standard 4 min read Last Updated : Sep 27 2024 | 5:32 PM IST Are you looking to maximise your savings through fixed deposits? Several public sector banks are currently offering attractive interest rates on fixed deposits, with the Bank of India leading the pack. Senior citizens can earn 7.95 per cent…
Source: Live Mint When you are on a lookout for bank fixed deposits (FD), one of the key things that you zero in on is the highest rate of interest offered by different banks. While the general thumb rule is that the banks tend to offer higher interest rates for long duration deposits and lower…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 4:06 PM IST Axis Bank has announced an update to its interest rates for fixed deposits (FD). The new rates, effective September 10, offer attractive returns for general customers and senior citizens across various deposit amounts and tenures, said the lender. …
Source: Live Mint Prior to investing in a fixed deposit (FD), depositors tend to compare the interest rates offered by different banks so that they can choose one bank over the other. Typically, the rate of interest and the tenure of FD go hand in hand. This means the longer the FD tenure, the higher…
