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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…
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…
