 "What is a Fixed Deposit?")
Fixed Deposit
What is a Fixed Deposit?
Fixed deposit (FD) is one of the safest investment options through which people can earn relatively higher interest in comparison to a regular savings account. Interest is accumulated on the deposited amount over a fixed period of time. The interest rate depends on the type of lenders (public sector, private sector, or small finance banks). Senior citizens are usually offered higher interest rates. In the case of an emergency, you can easily liquidate your FD and get the funds.
The tenures in fixed deposit schemes are flexible. Investors can choose the tenure according to their convenience.
Once the amount has been deposited
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Latest Updates on Fixed Deposit
Special FD rates: These banks offer up to 8.10% interest till Dec 31
These schemes come with competitive rates for various tenures, for both general customers and senior citizens
 "Special FD rates: These banks offer up to 8.10% interest till Dec 31")
RBL Bank increases fixed deposit interest rates, offers up to 8.5 %
Revised rates range from 3.50% to 8% for general citizens; senior citizens will receive returns of 8.50%
 "RBL Bank increases fixed deposit interest rates, offers up to 8.5 %")
Karnataka Bank increases fixed deposit interest offering up to 7.5 %
Lender offers 3.50% rate to general citizens on deposits with tenures ranging from seven to 45 days
 "Karnataka Bank increases fixed deposit interest offering up to 7.5 %")
Bank fixed deposit interest rates revised: You must lock in FDs now
In the event that the RBI decides to lower interest rates in December, this could be an opportune time for investors to lock in higher returns on fixed deposits
Equity returns outclass gold, FD, property in the long term: Morgan Stanley
Indian households, Desai wrote, are still under-invested in equities. At cost, only 3 per cent of the household balance sheet is in equities, excluding equity holdings of founders.
 "Equity returns outclass gold, FD, property in the long term: Morgan Stanley")
YES Bank offers up to 8.25% interest rate on fixed deposits below Rs 3 cr
The highest interest rate of 7.75% and 8.25% is for a tenure of 18 months
 "YES Bank offers up to 8.25% interest rate on fixed deposits below Rs 3 cr")
Company fixed deposit rates' terms, tenure explained in one table
Comprehensive insights into ratings and returns offered by various players over different horizons
 "Company fixed deposit rates' terms, tenure explained in one table")
MobiKwik launches fixed deposit product with up to 9.5% interest rate
MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said
 "MobiKwik launches fixed deposit product with up to 9.5% interest rate")
FD rates: Top 5 public sector banks offering highest interest returns
Public sector banks are offering attractive fixed deposit interest rates, with senior citizens earning up to 7.95% for 400-day tenure. High deposit safety is driving its popularity, say analysts
Bank of India launches 400-day fixed deposit scheme for festive season
Offer available at the bank's branches and digital channels (BOI Omni Neo App/ Internet Banking)
 "Bank of India launches 400-day fixed deposit scheme for festive season")
FD rates in September 2024: These 15 banks offer over 8% interest rates
Some of the banks providing these rates include NorthEast Small Finance Bank, Unity Small Finance Bank, RBL Bank, YES Bank and Deutsche Bank
Beyond FDs: Blend growth and income assets in retirement portfolio
Senior citizens may invest in high-quality bonds, senior citizens savings schemes, and post office monthly income schemes
 "Beyond FDs: Blend growth and income assets in retirement portfolio")
IDBI Bank increases interest rates on Utsav FD Scheme to peak 7.85%
Deposits with 444-day tenure will earn 7.85 per cent interest per annum, while those opting for a 375-day term can enjoy a 7.75 per cent annual return
 "IDBI Bank increases interest rates on Utsav FD Scheme to peak 7.85%")
Incremental deposit growth outpaced credit growth since FY22: SBI Research
Myth of flagging deposit growth appears as just a statistical myth with credit growth outpacing deposit growth being tom-tommed as a deceleration in deposit growth, the research report said
 "Incremental deposit growth outpaced credit growth since FY22: SBI Research")
RBI new rules for FD in NBFC applicable from Jan 2025: Check details
A number of regulations applicable to NBFCs were reviewed and revised regulations were shared in the central bank's latest circular
 "RBI new rules for FD in NBFC applicable from Jan 2025: Check details")
SBI hikes interest rates by 10 bps; EMIs on loans set to increase
SBI's one-year MCLR, which directly influences many loan types, has risen from 8.85% to 8.95%
 "SBI hikes interest rates by 10 bps; EMIs on loans set to increase")
FD rates in August 2024: These 20 banks offer 7.5 to 9% interest rates
Punjab National Bank's rates range from 3.5% to 7.25% for those under 60
Bank of India is offering 8.10% on term Fixed Deposit: check revised rates
Lender raises extra interest rate for deposits made by senior citizens and super senior citizens
 "Bank of India is offering 8.10% on term Fixed Deposit: check revised rates")
HDFC Bank increases fixed deposit interest rates by up to 20 basis points
It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors
 "HDFC Bank increases fixed deposit interest rates by up to 20 basis points")
Smart fixed deposit investment tips: A guide for senior citizens in India
Most banks offer higher interest rates (usually 50 basis points) on their senior citizens' fixed deposits
 "Smart fixed deposit investment tips: A guide for senior citizens in India")
