Fixed Deposit
IDBI Bank hikes FD rate to 7.85% for 444-day tenure
IDBI Bank has raised its fixed deposit rate to 7.85% for a 444-day tenure and 7.75% for a 375-day tenure to attract more deposits. This offer, valid until September 30, 2024, makes the Utsav Fixed Deposit more attractive for customers. Other tenures under this scheme include 7.70% for 700 days and 7.55% for 300 days.
Earn up to 9.5% FD rate: Seven banks offering highest 3-year fixed deposit interest rates for senior citizens
FD Rate for Senior Citizens: There are several small finance banks who are offering an FD interest rate above 9% to senior citizens for deposits worth less than Rs 3 crore. In this article we compare the interest rate offered to senior citizens by various small finance banks and then find out which bank is offering the highest rate.
Up to 8.85% FD interest rate: Two banks special limited period FDs with higher interest rates launched this week
In the month of August many banks have revised their fixed deposit interest rates, while some banks such as RBL Bank, Federal Bank have introduced special limited period fixed deposit with higher interest rates. Let us look at the details of the special FDs and their interest rates.
Earn up to 8.85% FD rate: RBL Bank launches 'Vijay Fixed Deposits'; check details
RBL Bank has launched a special fixed deposit termed as 'Vijay Fixed Deposits'. It has been designed to show appreciation for our military men. This limited-period offer pays tribute to the courage and sacrifices of our brave soldiers while providing exceptional financial benefits.
Bank of Baroda revises FD interest rates; earn up to 7.9% fixed deposit rates
Several banks revised their fixed deposit interest rates in August. Bank of Baroda has revised fixed deposit interest rates for amounts below Rs 3 crore. The new rates are effective from August 13, 2024, as per the Bank of Baroda website.
Interest, income from grants must be credited back to FCRA account: MHA
The Ministry of Home Affairs has instructed NGOs that interest income from foreign contributions must be credited to FCRA utilisation accounts and not diverted elsewhere. This is in line with FCRA Act, 2010, which mandates non-speculative use and audited registers. Foreign funds must go through an 'FCRA account' at SBI, main branch, New Delhi.
Explained: What is the difference between a fixed deposit and a fixed maturity plan mutual fund?
Whether you choose Fixed Deposits (FDs) or Fixed Maturity Plans (FMPs) hinges on your risk tolerance, tax situation, and investment timeframe. FDs are ideal if you prioritize safety and assured returns. If you're comfortable with some risk for potentially higher returns after taxes, particularly over the long haul, FMPs could be a more suitable choice.
Top four investment options for senior citizens for monthly income during retirement, earn up to 9.5% return
Senior citizen investment options: Below, you'll find a compilation of four investment opportunities tailored for senior citizens to help them generate reliable monthly income during their retirement years. The objective is to assemble a retirement portfolio that strategically incorporates these investment options.
Up to 8.75% FD interest rate: Public sector vs private banks; where can you earn highest fixed deposit rate now?
Highest FD interest rates: You are guaranteed to receive a fixed return on your investments in fixed deposits, regardless of market fluctuations. The interest rate on fixed deposits can differ based on factors such as the bank, age, duration, and amount invested.
Deposit growth is top issue for Indian lenders: Federal Bank
Indian banks struggled with deposit growth as customers explored diverse investment options. Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das emphasized the need for banks to innovate. Federal Bank reported a balanced increase in deposits and credits, each by 20% annually, but potential new RBI rules could impact lending.
From transferring stocks to gifting mutual funds, 5 ways to secure your sister’s future this Raksha Bandhan
Gifting financial instruments such as stocks, mutual funds, gold, cash, and fixed deposits were highlighted as great ways to secure a sister's future during Raksha Bandhan. These gifts offer various benefits, including tax advantages and potential appreciation. The article also explained how to transfer shares online and offline, along with utilizing platforms like Zerodha for gifting securities.
Tax-saving tip: How opting for NPS benefit from employer can reduce tax outgo by Rs 42,000
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
New capital gains taxation rules: Investors can pick assets purely on merit rather than to optimise tax outgo
After the recent budgetary changes, you can build your investment portfolio without being dictated by tax gains.
PNB hikes FD interest rates by up to 25 bps; now earn up to 8.05% fixed deposit rate
Punjab National Bank (PNB) FD rate: State owned PNB has increased its FD rates by up to 25 basis points on four different time periods. The highest interest rate is being offered to super senior citizens at 8.05%. Apart from this PNB has also increased its MCLR rates. Read here to know more about FD rates.
Bank of India revises FD interest rates: Offers highest fixed deposit interest rate of 7.95% to these investors
After the revision, Bank of India offers interest rates from 3% to 7.30% for fixed deposits, as per the official website of Bank of India. The new rates are applicable from August 1, 2024.
Get up to 8.5% FD interest rate, 8% on savings accounts: Latest Bandhan Bank interest rates on deposits
Bandhan Bank has revised its fixed deposit interest rates for retail deposits of up to Rs 3 crore, according to the bank website. The revised FD rates are effective from August 7, 2024.
FD rate up to 7.4%: List of PSU banks offering highest FD interest rates in August 2024
Top bank FDs: Banks modified the interest rates for fixed deposits in August. Union Bank, Bank of India, Punjab National Bank, and others made changes. Here's a compilation of public sector banks with the most competitive FD interest rates in August 2024.
Allow indexation benefits for savings such as stocks, fixed deposits: Congress to govt
The Congress has criticized the government's budget proposal to offer two tax rate options for long-term capital gains (LTCG) on properties, calling for indexation benefits for all forms of savings. The party argued that the changes unfairly burden the middle class and highlighted widespread protests and a campaign to reinstate indexation.
FD interest rate of up to 8%: List of banks offering best interest rates on 5-year senior citizen FDs
FD interest rate: Senior citizens (individuals aged above 60 years) can invest in FDs maturing in five years. There are private banks who offers up to 8% FD interest rate to senior citizens. Read below to get the full list of the top private banks offering good interest rates on FD.
Credit on UPI touched ₹10,000 crore, says NPCI CEO Dilip Asbe
Credit card transactions through UPI have hit Rs. 10,000 crore, with Rs. 100-200 crore spent via credit lines, according to NPCI. ICICI Bank leads in disbursing these pre-approved loans. Despite slow growth in credit lines, banks aim to attract new customers by providing small loans against fixed deposits.
DBS Bank India launches exclusive banking program for senior citizens
DBS Bank India introduced ‘DBS Golden Circle’, a priority banking initiative for senior citizens, providing attractive interest rates on savings and fixed deposits, cyber insurance, and several other benefits. The program aims to secure income in old age, offering flexibility in accessing funds and enhancing the overall banking experience for those aged 60 and above.
ICICI Bank hikes FD interest rates by up to 5 bps; offers highest interest fixed deposit rate of 7.8%
The bank offers the highest interest rate of 7.80% for senior citizens. For individuals, the highest interest rate on FDs can go up to 7.25%.
Banks may offer small loans on UPI against FDs
Private banks targeted new-to-bank customers for credit on UPI with fixed deposits as collateral. With the upcoming launch of credit-line-on-UPI by NPCI, banks aimed to cost-efficiently provide small-ticket loans to customers lacking credit history. Collaborations with NBFCs or fintechs were also explored to enhance product distribution.
Govt to allow up to 4 nominees per deposit account
On Friday, the Union Cabinet approved several amendments to banking laws aimed at addressing unclaimed deposits and improving customer ease. Key changes include increasing the number of nominees per deposit account to up to four and introducing "successive and simultaneous" nominations, which will help joint account holders and heirs access funds after an account holder's death.
Earn up to 7.9% FD rate: 5 banks revise fixed deposit interest rates in August 2024
Fixed deposit Rates Hike: FD rates have been revised by various banks like Punjab National Bank, Federal Bank, Bank of India, Karnataka Bank and Union Bank of India. Moreover, PNB has increased the FD rates by up to 25 basis points. All of these FD interest rates are applicable for an FD amount below Rs 3 crore.
FD rate up to 8.6%: This private bank revises interest rates on fixed deposits
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore. The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024.
FD interest rate up to 8.75%: These 5 banks have revised fixed deposit rates with effect from July 1
FD interest rates in July 2024: Many banks have revised their fixed deposit interest rates effective July 1, 2024 for amounts below Rs 3 crore. Note that some banks have updated the date and rates remain the same. Check which bank offers the highest interest rates after the revision.
Up to 8% FD rate: SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits
Latest FD interest rate: State Bank of India (SBI) has recently unveiled a special fixed deposit (FD) called SBI Amrit Vrishti, which provides elevated interest rates for a limited period. Let's compare the interest rates for SBI Amrit Vrishti FD with those offered by other banks such as PNB, Canara, Bank of Baroda, and P&S Bank for the same duration.
Wary banks push secured credit cards in a lending twist
Amid a slowdown in the unsecured credit business, some of the major banks are looking to push sales of secured credit cards. Large lenders like Axis Bank and HDFC Bank are joining the likes of Utkarsh Small Finance Bank, SBM Bank India, and others to push up the distribution of credit cards that are backed by fixed deposits (FDs).
Now earn FD interest rate up to 7.9%: Latest HDFC Bank, SBI, ICICI Bank, Axis Bank fixed deposit rates compared
Latest FD interest rates in July 2024: HDFC Bank has hiked its fixed deposit interest rate by 20 basis points (bps) for specific tenures. It's important to note that major banks like ICICI Bank, PNB, and Axis Bank have adjusted their FD rates in the past month. Now, let's analyze and determine which bank is providing the highest FD interest rate and for which specific tenure.
HDFC bank raises FD rates for 35 and 55 months
HDFC Bank raises fixed deposit rates for 35 and 55 month tenures, offering 7.35% and 7.4% interest respectively. Senior citizens will receive 7.85% and 7.9% rates. CEO expresses dissatisfaction with Q1 deposit figures, focusing on deposit growth amid faster advances. RBI flags credit-deposit gap as sector concern. CEO Jagdishan aims to address this, emphasising deposit growth in Q1FY25 earnings call.
FD interest rate up to 7.9%: HDFC Bank hikes fixed deposit rates by 20 bps
HDFC Bank has increased fixed deposit tenures interest rates on certain tenures by up to 20 basis points (bps) for amount below Rs 3 crore. The new rates are effective July 24, 2024.
Gujarat has Asia's richest village: Every resident in this desert town has nearly Rs 22 lakh fixed deposit
Madhapur, located on the outskirts of Bhuj in Gujarat, is known as 'Asia's richest village.' The village, with a population of 32,000, has residents holding fixed deposits worth Rs 7,000 crore. This prosperity is largely due to the contributions of NRI families, primarily involved in the construction business abroad, who deposit significant amounts in local banks annually. The village benefits from robust infrastructure and a strong economy, reflecting the commitment of its expatriate community.
Investment and nominations: Why you must nominate in your bank FDs, PPF, mutual funds, LIC
The first step is to identify all the investments that require nomination. This includes bank accounts, fixed deposits, mutual funds, insurance policies, and other financial instruments.
FD interest rate up to 7.95%: Punjab and Sind Bank extends last date of this special FD with higher interest rate
Punjab and Sind Bank (PSB), a public sector bank, has extended the last date of its special fixed deposit (FD) by 222 days, 333 days, and 444 days from June 30, 2024. Punjab and Sind Bank has revised their fixed deposit (FD) rates with effective July 1, 2024.
Special FDs with up to 8% interest rate: These 4 banks special FDs will end on September 30
Special FDs interest rates: Several major banks, such as State Bank of India (SBI), IDBI Bank, Indian Bank, and Punjab & Sindh Bank, have introduced special fixed deposit schemes with appealing interest rates for a limited period. It's important for potential investors to take note of the deadlines and consider investing before the offers expire. Let's take a closer look at these unique fixed deposit offerings and their corresponding deadlines.
Earn up to 7.9% FD rate: These 3 banks have launched limited-period special fixed deposits with higher interest rates this week
FDs with higher interest rates: In the last week, a number of prominent banks have launched special fixed deposit accounts offering increased interest rates. Let's examine these special FD schemes more closely to gain a better understanding of the investment options available to investors.
FD interest rate up to 7.9%: Bank of Baroda launches new special FD scheme offering higher interest rates; Check details
Latest Bank of Baroda FD interest rates: Bank of Baroda has launched a new special FD scheme that offers higher interest rates. The bank is offering FD interest rates ranging from 4.25% to 7.25% for general citizens for deposit amounts below Rs 3 crore. The tenure for these deposits ranges from 7 days to 10 years.
Earn up to 9.4% interest rate on this corporate FD; check details
Shriram Finance offers higher fixed deposit interest rates for senior citizens and for women investors. The minimum tenure of a fixed deposit is 12 months, and the maximum tenure is up to 60 months.
10 common issues resolved by Bajaj Finserv customer care
Bajaj Finserv offers a range of products to customers and provides dedicated customer care for quick issue resolution. Common issues handled include EMI details, fixed deposits, credit card services, fraud reporting, loan applications, and technical support. Customers can contact customer care for assistance.
Interest rate up to 7.5%: 5-year post office time deposit (POTD) is offering higher rates than these top 10 banks
Under the POTD scheme, senior citizens are not offered any higher rates than regular citizens, unlike many banks. Interest is paid annually but calculated quarterly.
FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI rule
FD interest rates in June: The RBI announced the proposal to revise the definition of bulk fixed deposits. Here is a list of banks that have revised the date and updated their retail deposits from Rs 2 crore to Rs 3 crore.
Latest NSC interest rate: Is the National Savings Certificate interest rate higher than 5-year FD rates of SBI, HDFC Bank, ICICI Bank
National Savings Certificates is considered as the best option for risk-averse investors looking for consistent returns that are often higher than fixed deposits. NSC is a government-backed fixed-income investment scheme offered by India Post's small savings schemes.
Equity market investors: A new powerful political constituency
India's financial shift includes 13.6 crore investors, about 10% affluent, driven by SEBI and smartphones. Participation extends beyond Maharashtra and Gujarat to states like Uttar Pradesh and Madhya Pradesh. Individual investor opinions shape economic policies. Retail investors hold an 18.5% listed share, contributing ₹25,000 crore via Securities Transaction Tax, despite risky leveraged positions.
Earn up to 8% FD interest rate: Union Bank of India increases fixed deposit rates by up to 20 bps
The Union Bank of India has increased fixed deposit (FD) interest rates by up to 20 basis points (bps) on certain tenures for amounts less than Rs 3 crore. According to the Union Bank website, the new interest rates are effective from July 5, 2024.
Don't let idle money sit in bank savings account: Here's how you should invest instead
Investors often end up keeping funds idle in their bank savings accounts as crucial factors of liquidity and risk play on their minds. Here are some smart ways to utilise idle funds lying in the bank accounts while ensuring liquidity and relatively low risk.
'Acche din' to continue for FD investors as high fixed deposit interest rates will not drop soon: All eyes on RBI MPC on June 7
The Reserve Bank of India (RBI) will likely keep the repo rate unchanged in the upcoming monetary policy committee review. The question now is how long will the high-FD rate regime continue. Also, what should be the best strategy for your short-term and long-term fixed deposits? ET Wealth Online spoke to experts and here's all you need to know.
FD interest of up to 8.35% on senior citizen FDs maturing between one year and less than two years: List of banks offering best rates
Fixed deposit: Senior citizens can get upto 8.35% interest rate on FDs maturing between one year and less than two years. There are many private sector banks who are offering an FD of such high interest rate, so hurry up and book an fixed deposit with the banks offering such a high FD interest rate.
Get up to 8.5% FD rate: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB; Latest fixed deposit interest rates in July 2024
FD interest rates in July 2024: Here is a comparison of SBI, HDFC Bank, ICICI Bank, Canara Bank, PNB, and Yes Bank FD interest rates in July 2024.
Last date to invest in this PSU bank’s special FD with up to 8% interest rate has been extended
Indian Bank, a public sector bank, has extended the deadline to invest in its special fixed deposit offering higher interest rates.
Earn up to 8.25% FD rate: This private bank revises interest rates on fixed deposits
IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 3 crore. According to the bank's official website, the new rates are effective from July 3, 2024.
Earn up to 7.95% FD interest rate: Bank of India launches new special fixed deposit with higher interest rate
Bank of India has revised fixed deposit interest rates for amounts below Rs 2 crore and it has introduced new special fixed deposit with higher returns. The revised rates are effective from June 1, 2024.
Up to 8.6% interest rate on corporate FDs: 5 highest company FD interest rates for you
Corporate fixed deposit: You can get up to 8.6% interest rate on coporate fixed deposits. However do keep in mind corporate FDs have no insurance from Deposit Insurance and Credit Guarantee Corporation (DICGC) in the event of a default by the company. Read here to know more about interest rate of various corporate FDs.
High FD interest rates may not last long despite RBI status quo; is this the last window to book fixed deposits at higher rates?
FD Interest Rates: RBI in its MPC meeting on June 7 kept the repo rate unchanged at 6.5%. This marks the eighth consecutive MPC with status quo, benefiting fixed deposit investors with high rates. However, going forward the interest rate cycle to reverse. The potential for a rate cut later in the year is anticipated.
If not equity, corp FDs offer 1-1.5% over debt MFs and banks
Corporate deposits with higher credit ratings are recommended for investors looking to reduce exposure to equities. Top finance companies like Bajaj Finance and Shriram Finance offer higher returns than bank deposits and debt mutual funds, providing a safer investment option, according to wealth advisors.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
FD rates up to 8%: These 3 banks special fixed deposits with higher interest rates will end on June 30
Many banks offer special fixed deposits with higher interest rates. However, these special fixed deposits are offered for a limited period of time. Individuals who wish for a better return should make sure to invest in special deposits before the deadline.
FD interest rates increased by 80 bps on this tenure; check Indian Bank’s latest fixed deposit rates
Indian Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore. The new rates are effective from June 3, 2024.
IDBI Bank extends special FD deadline, hikes interest rate, adds new fixed deposit tenure
The deadline for the Utsav Callable FD special deposit fixed deposit has been extended from June 30, 2024. Additionally, the bank raised the interest rate on some special FDs by five basis points and introduced additional tenure.
Earn up to 8% FD interest rate: Union Bank of India revises fixed deposit rates
The Union Bank of India has revised the interest rates on its fixed deposits (FDs) for amounts less than Rs 2 crore. The bank offers FD interest rate between 3.5% to 7.25% for general citizens.
Will this bank continue to offer 9.2% interest on fixed deposit post-merger? Know what changes for FD investors
Interest rates on small finance bank FDs had gone up and small finance banks (SFBs) were offering 9% to 9.5%. Earlier, Fincare Small Finance Bank used to offer 9.21% to senior citizens on FDs maturing in 750 days. Now Fincare SFB merged with AU Small Finance Bank, effective from April 1. Now, customers should be aware of what will happen to the FDs they had opened in Fincare SFB before the merger? Will they be eligible for the deposit insurance protection of up to Rs 5 lakh, including principal and interest? Will the IFSC codes change after the merger?
Yes Bank revises FD interest rates; earn up to 8.5% on this fixed deposit tenure
YES Bank has revised fixed deposit (FD) interest rates for specific tenures on deposits under Rs 2 crore. These revised interest rates are effective from May 30, 2024.
What is the latest SBI Sarvottam FD interest rate for May 2024, after State Bank of India hiked FD rates
SBI Sarvottam term deposits were launched last year. Depositors will receive higher interest rates than conventional fixed deposits under this FD scheme.
FD interest rate of up to 8.05%: Best interest rates on senior citizen FDs maturing in three years
Fixed deposit interest rates: FDs are an good fixed income investment option for senior citizens. In light of this senior citizens can now take advantage of higher interest rates being offered by various private, public and foreign banks. Read here to know more about FD interest rate offered to senior citizens.
Earn FD interest rate up to 9.50%: Which bank is offering the highest fixed deposit rates for senior citizens?
Earn FD interest rate up to 9.50%: Banks offer higher interest rates to senior citizen customers on fixed deposits than to general citizens.
FD interest rates above 9%; use this strategy to maximise returns from fixed deposits
Maximising returns from FDs: When you use a fixed deposit ladder, you don't need to predict interest rate changes to find the best time to book your FD. Instead, you should book according to your ladder requirements. This way, the impact of interest rate changes is spread out because some FDs may be booked at lower rates while others may be booked at higher rates.
9.75% FD interest rate: This bank hikes fixed deposit rates by up to 50 bps, now offers 'highest' FD rate in India
Highest FD interest rate: After the hike, the bank is offering rates of up to 9.25% for the public and 9.75% for seniors. As per the bank's announcement, NESFB has raised the interest rate on fixed deposit products from 9.25% to 9.75%.
SBI hikes FD interest rates but still less than what these 313 debt mutual funds have offered
SBI raises fixed deposit rates by up to 75 basis points, effective May 15, yet falls short compared to over 300 debt mutual funds offering higher annualized returns of 6.47% to 11.60%.
