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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 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 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 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…
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: Business Standard Fixed deposits (FDs) have long been a trusted choice, particularly among senior citizens in India. Many private banks in India such as RBL Bank, SBM Bank India, and IndusInd Bank, are currently offering FD interest rates of over 8%, making them an appealing option for those seeking secure investments with guaranteed…
Source: Business Standard Fixed Deposit, FD(Photo: Shutterstock) 5 min read Last Updated : Sep 06 2024 | 2:45 PM IST In September, 15 banks, including small finance banks, private, foreign, and public sector banks, are offering interest rates of 8% or higher. Some of the banks providing these rates include NorthEast Small Finance Bank,…
