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Source: Live Mint IDBI Bank has discontinued Utsav FD with tenures of 300 days and 375 days from April 16, 2025. The validity of the remaining special tenures has, meanwhile, been extended until June 30, 2025. In a tenure of 444 days, IDBI Bank has cut fixed deposit interest rates from 7.35 to 7.25 percent…
Source: Live Mint Within a week of Reserve Bank of India (RBI) cutting its repo rate by 25 basis points, the largest bank in India – State Bank of India (SBI) – has cut its interest rate on fixed deposits (FDs) by 10 basis points. On an FD of one year, SBI has cut fixed…
Source: Live Mint Investing into a fixed deposit gives consistent and safe returns to investors. No wonder then they are extremely popular among conservative investors who do not wish to risk their investment in stocks. Another point worth noting is that the tenure of fixed deposit (FD) makes a considerable difference to the returns it accrues. In…
Source: Live Mint At the time of opening a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Importantly, some banks have started to slash their rates in the wake of RBI cutting benchmark repo rate after nearly five-year hiatus. Even a tiny difference – say of 50 basis…
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 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…
