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Source: Live Mint Fixed deposits (FDs) are considered to provide reliable, consistent long-term investment returns. They are especially beneficial for conservative investors who avoid taking risks. Certain small finance banks in India offer FD interest rates of over 9%, which is relatively higher than those of public, private, and foreign banks. Here are the latest…
Source: Live Mint Prior to investing in a fixed deposit, investors often compare interest offered by different banks. One might argue that most banks — more or less – offer similar, if not same, interest on their term deposits. However, one must understand that a difference of 50 basis points over a long period of…
Source: Live Mint Early this month, Reserve Bank of India (RBI) cut its repo rate to 6.25 percent. Following this, several banks have followed suit. A couple of banks have cut their interest rates on term deposits, albeit marginally. It is even recommended that the depositors who want to lock their savings in fixed deposits…
Source: Live Mint If you are contemplating investing in either fixed deposit (FD) or a small savings scheme, then it is advisable to compare their returns along with other benefits they offer. Typically, a fixed deposit (FD) offers anywhere between 6.7 to 7 percent per annum to depositors whereas other tax saving schemes offer slightly…
Source: Live Mint As Reserve Bank of India (RBI) slashed repo rate by 25 basis points after a five-year gap, banks are likely to follow suit. Therefore, it won’t be long before banks start slashing interest rates they offer on fixed deposit. Meanwhile, banks have yet not cut interest rates on their deposits so far….
Source: Live Mint For conservative investors who avoid taking risks, fixed deposits (FDs) provide a reliable, consistent long-term investment return. Currently there are several banks in India that provide an interest of over 8% on FDs. Out of all the banks, small finance banks provide relatively higher interest rates compared to public, private and foreign…
Source: Live Mint India’s biggest private lender, HDFC Bank, has revised fixed deposit (FD) interest rates for both senior citizens and the general public. For deposits in the range of ₹3 crore to ₹5 crore, the bank will now offer interest up to 7.40% for the general public and 7.9% for senior citizens on the…
Source: Live Mint Fixed deposits (FDs) offer a reliable, consistent long-term investment return, making it a preferred choice among conservative investors. Investors deposit a lump sum amount and earn interest on the total amount. A fixed deposit provides higher interest rates than a savings account, making it an attractive option for conservative investors. Check out…
Source: Live Mint A fixed deposit (FD) promises to offer a reliable, consistent, long-term return on investments. This financial tool allows you to deposit a lump sum of money for a fixed period, earning interest on the amount. FDs provide higher interest rates than savings accounts, making them an attractive option for conservative investors. Both…
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…
