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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 Before you lock your funds in a fixed deposit, it is vital to compare the interest rates offered by different banks. Typically most banks offer somewhat similar interest on the deposits of the same tenure, however, a small difference of, say, 30-40 basis points may account for noticeable difference in wealth generation over…
Source: Live Mint Fixed Deposits (FDs) are one of the most preferred investment options in India due to their simplicity, guaranteed returns, and low risk. However, FDs are offered by both banks and corporates, and understanding the differences between the two is crucial for making an informed decision. Introduction Fixed deposits are time-bound financial instruments…
Source: Live Mint Indian Bank offers a special fixed deposit (known as IND Super 400 days) that offers upto 8.05 percent for super senior citizens. For the general public, the rate of interest is 7.30 percent and senior citizens are entitled to receive 7.80 percent per annum. IND Supreme 300 days fixed deposit There is…
Source: Live Mint Fixed-deposit schemes will never go out of fashion among investors who are looking for a reliable, consistent, and long-term return on investments. The financial tool is beneficial for even those who want to invest money in a low-risk investment tool for a shorter duration, like one, three, or six months. Fixed deposits…
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 opening a fixed deposit (FD) account, depositors typically compare the interest rates offered by banks on their fixed deposits. Lenders, typically, offer lower interest rates on short term fixed deposits and higher rates on long term deposits. This means the interest offered on three-year FD is usually higher than that on…
Source: Live Mint If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a…
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 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…
