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
...Axis Bank customers can open Fixed Deposits (FDs) with its mobile application, using funds from their non-Axis Bank accounts via UPI and Net Banking payment options.
With banks likely to adjust their rates downward, fixed deposit returns could shrink in the coming months
With interest rates likely to decline further, FD investors may need to rethink their approach
Lender offers interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on select tenures
Lender offers 3.5% to 7.75% for senior citizens for tenures ranging seven days to 10 years for amounts less than Rs 3 crore
Among private sector banks, DCB Bank offers the highest interest rate of 8.05% for fixed deposits with a tenure of 19 to 20 months
Fixed deposits (FDs) remain one of the most popular investment options for Indians
Many investors are contemplating whether to prioritise safer investment options like fixed deposits (FDs)
This scheme offers an additional 65 basis points (bps) over the bank's standard fixed deposit rates and 15 basis points (bps) over the senior citizen rates
The bank offers fixed deposits (FDs) with tenures ranging from 7 days to 10 years, featuring annual interest rates between 3 per cent and 7.90 per cent
Among the options, Unity Small Finance Bank and North East Small Finance Bank provide the highest rates, offering up to 9% for select tenures
The existing special tenures under the Utsav FD scheme have been extended until March 31, allowing customers more time to invest in these high-yielding FDs
Several key financial deadlines are nearing on December 31. These include filing belated Income Tax Returns (ITR) by the due date and the closure of special fixed deposit schemes by various banks
Many investors resist rolling return analysis, preferring specific-date comparisons, which are often skewed to favour certain narratives
These schemes come with competitive rates for various tenures, for both general customers and senior citizens
Revised rates range from 3.50% to 8% for general citizens; senior citizens will receive returns of 8.50%
Lender offers 3.50% rate to general citizens on deposits with tenures ranging from seven to 45 days
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
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.
The highest interest rate of 7.75% and 8.25% is for a tenure of 18 months