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Source: Live Mint RBL Bank has revised its fixed deposit interest rates with effect from Dec 15. Now the interest rates range between 4 to 8.5 percent per annum. The highest interest rate of 8 percent is offered on the deposits of 500-day tenure to general citizens, and 8.5 percent to senior citizens. The bank…
Source: Live Mint Fixed deposits (FDs) offer a reliable, consistent long-term return on investments. This financial tool allows you to deposit a lump sum amount of money for a fixed period of time, earning interest on the amount. Compared to a savings account, a fixed deposit provides higher interest rates, making it an attractive option…
Source: Live Mint Union Finance Minister Nirmala Sitharaman recently hinted at the need to cut interest rates for the sake of growth. In a covert hint, which can be construed as a nudge, she hoped for the lending rates to be more affordable. At an SBI event held in Mumbai on Monday, Ms Sitharaman said…
Source: Live Mint Before you invest in a fixed deposit, it is vital to compare the deposit rates offered by different banks. Here we list out the interest rates offered by different banks in both private and public sector. Meanwhile, it is important to note that depositors tend to opt for a financial institution with…
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 After the US Fed lowered policy rate by 50 bps from its 23-year high, the Reserve Bank of India (RBI) is likely to follow suit and cut the benchmark policy rate, perhaps later this year. And with interest rate cut cycle set to commence in December, investors are recommended to lock their money in…
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. …
