The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged. As a result, banks are offering higher interest rates on fixed deposits (FDs). This is an excellent opportunity to secure attractive returns on FDs.
The new rates on deposits less than Rs 2 crore are effective from May 15, 2024. Senior citizens would be eligible for an additional 50 basis points on the revised rates as per the norms.
By carefully considering your financial goals, selecting the right tenure and interest payout frequency, and understanding the tax implications, you can navigate your investment journey effectively.
Users will be able to open FDs through Google Pay or GPay even if they don’t have an account in the offering bank.
FD Interest Rate 2021, Fixed Deposit Highest Interest Rate: A Fixed Deposit account is an account where an investor deposits money for a specified period and the interest rate does not fluctuate.
PayTM Payments Bank is now allowing customers to open Fixed Deposit accounts. One can get an FD in Paytm Payments Bank with an investment of as little as Rs 100.
Many banks are even offering interest rates on fixed deposits (FDs) ranging from 7 percent to 7.5 percent. Fixed deposits ranging from 7 days to 10 years are offered by top lenders like the State Bank of India (SBI), ICICI, HDFC Bank, Axis Bank and others. At present, SBI offers an interest rate of 4.90% for a tenure between 1 year and 2 years for deposits up to Rs 2 crore.
As of November 13, Axis Bank is offering an interest rate of 2.50% on FDs to its customers with maturity between 7 days and 29 days, 3% for FDs maturing between 30 days and less than 3 months, 3.5% for FDs between 3 months and less than 6 months.
SBI New FD Rates: Are you holding SBI fixed deposits or FD accounts? Then you need to know that India's largest lender, State Bank of India (SBI) has sharply cut its interest rates on FDs. SBI announced a cut in retail fixed deposits rates, day after Reserve Bank of India's (RBI) monetary policy review meet.
State Bank of India (SBI) -- country's largest lender on Friday announced a cut in retail fixed deposits or FD interest rates. The new FD interest rates on SBI deposits will be effective from February 10.
SBI Alert! Are you SBI FB account holder? Here is important news for you. According to the information available on SBI's website — sbi.co.in — State Bank of India has slashed its highest FD interest rates from 6.25 per cent to 6.10 per cent. Check the latest SBI fixed deposit interest rates 2020 here.
ICICI Bank, India's one of the largest private lender has revised its interest rates on retail fixed deposits with effect from November 20, 2019. ICICI Bank offers fixed deposits ranging from 7 days to 10 years. The bank offers 16 maturity options to its customers for fixed deposits up to Rs. 2 crore, according to the lender's website - icicibank.com.
State Bank of India (SBI), India's largest public sector bank had revised fixed deposit rates or FD rates by 15 basis points for deposits for one year to less than two years maturity. The bank revised FD rates on account of adequate liquidity in the system. The new FD rates will be effective from today, i.e 10th November.
Unlike the large commercial banks such as the State Bank of India, HDFC Bank, ICICI Banks and others, small finance banks offer higher FD interest rates, which can help you earn as high as 9% p.a. on your investment.
India's leading private sector bank, HDFC has revised the rate of interest on Fixed Deposit (FD) amount below the amount of two crore rupees. These new changes in FD rates have come into effect from July 22.
Unlike the large commercial banks such as the State Bank of India, HDFC Bank, ICICI Banks and others, small finance banks offer higher FD interest rates, which can help you earn as high as 9% p.a. on your investment.
New Delhi, Sep 5: Country's largest bank SBI on Wednesday announced reduction in interest rate on fixed deposits by 0.5 per cent for most of the maturity periods, a move likely to be followed by
New Delhi, Sep 2: State-owned Oriental Bank of Commerce (OBC) has slashed fixed deposit rates by up to 0.5 per cent on select maturities.The bank has decided to revise the interest rate downward from existing
New Delhi, Jun 7: Ahead of RBI's mid-quarter review of the monetary policy later this month, country's largest lender State Bank of India (SBI) on Thursday slashed fixed deposit rates by 0.25 per cent across
New Delhi, Apr 23: Country's largest lender State Bank of India (SBI) today slashed interest rates on fixed deposits by up to 1 per cent across various maturities, a move that may prompt other lenders
Top News
Latest News
