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Source: Live Mint As we are aware that the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. This may continue further in the near future as the rate cut was seen as the onset of rate cut cycle by the banking regulator. Following this, one private bank has already slashed its savings…
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 As Reserve Bank of India (RBI) has cut down repo rate by 50 basis points on Friday, triggering a rate cut cycle. Now, there is an expectation that banks would bring down the fixed deposit (FD) interest rates sooner than later. So, this could be your last chance to lock your savings…
Source: Live Mint As the Reserve Bank of India’s (RBI) monetary policy committee (MPC) cut repo rate by 25 basis points on Friday, it is seen as the start of interest rate cut cycle. Typically, a cut in repo rate is followed by a similar decline in interest levied on loans as well as interest rates offered on…
Source: Live Mint IDBI Bank launched Chiranjeevi Super Senior Citizen Fixed Deposit Scheme early this month to offer interest up to 8.05 percent per annum. Under this scheme, the bank offers slightly higher interest rate to super senior citizens i.e., those who are aged 80 years or above. The highest fixed deposit interest offered to…
Source: Live Mint The Federal Bank has revised its fixed deposit interest rates starting Jan 10, 2025. Now this private bank offers up to 8 percent interest rate per annum on its FDs. The highest interest rate is now given on a tenure of 444 days. The highest rate is 7.5 percent for general citizens and 8…
Source: Live Mint If you are looking to invest in a fixed deposit (FD) scheme, it is recommended to compare the FD interest rates offered by different banks. This can help you make the most of your savings. For instance, if you stand to earn an extra 60 basis points on a fixed deposit of…
Source: Live Mint Traditionally fixed deposits have been one of the most favourite and comfortable investment options for a large segment of Indians. Though other investment avenues like mutual funds and direct equities are gradually gaining importance, close to 15% of household savings still go into fixed deposits. Investing in fixed deposits could be mostly…
Source: Live Mint Before locking your money in a fixed deposit (FD), it is vital to compare the interest rates offered by different banks. Typically, most banks offer lower rates for shorter duration and higher interest for longer durations. Here we give a lowdown on one-year interest rates offered by most top banks – both…
Source: Live Mint Prior to locking your money into a fixed deposit (FD), it is recommended to compare the interest rates offered by different banks on their term deposits. Notably, the long-duration fixed deposits tend to give a higher rate of interest whereas the short duration deposits give a lower rate. It is noteworthy that…
