Page 2 - Latest Updates on Fixed Deposit
Conservative hybrid funds can be a better bet than fixed deposits
Asset allocation ensures investor gets small exposure to stocks in a predominantly bond portfolio
 "Conservative hybrid funds can be a better bet than fixed deposits")
North East SFB to increase fixed deposit rate by 50 bps to 9.25%
The SFB is in the process of merging with fintech Slice to augment its capital base
 "North East SFB to increase fixed deposit rate by 50 bps to 9.25%")
HDFC Bank raises FD rates by 20 basis points with effect from June 10
The move comes even as the Reserve Bank of India decided to keep the policy repo rate unchanged in the June review of monetary policy
 "HDFC Bank raises FD rates by 20 basis points with effect from June 10")
HDFC Bank hikes fixed deposit rates on select tenues: All you need to know
For its general customers, HDFC Bank now offers interest rates that range from 3% to 7.25%, depending on the tenure of the deposit
 "HDFC Bank hikes fixed deposit rates on select tenues: All you need to know")
Fixed Deposit: From SBI to PNB, interest rates offered by banks in India
Banks offer varying interest rates on FDs, which also depend on the duration of the deposit
 "Fixed Deposit: From SBI to PNB, interest rates offered by banks in India")
Cancelling credit card, uncluttering home: Top personal finance stories
Our top stories this week tell you about the procedure to cancel a card and the various storage solutions for your home
 "Cancelling credit card, uncluttering home: Top personal finance stories")
Shriram Finance offers 9.4% FD interest rate for investors: Details here
Individuals aged 60 years and above are eligible for an extra 0.50% interest per annum, while women depositors can benefit from an added 0.10% interest annually
 "Shriram Finance offers 9.4% FD interest rate for investors: Details here")
Govt collects Rs 27k cr in taxes from sr citizens on FD interest: SBI
According to the report by SBI researchers, the total amount of deposits has risen by 143 per cent in the last five years to Rs 34 lakh crore at the end of FY24 from Rs 14 lakh crore
 "Govt collects Rs 27k cr in taxes from sr citizens on FD interest: SBI")
SBI WeCare and Amrit Kalash deadlines extended to September 30: Know more
SBI WeCare, Amrit Kalash deposit schemes: Benefits, tenures explained
 "SBI WeCare and Amrit Kalash deadlines extended to September 30: Know more")
Bajaj Finance hikes fixed deposit rates for most tenures by up to 60 bps
Effective April 3, 2024, the company has increased FD rates for senior citizens by up to 60 basis points in the 25-35-month tenure and 40 basis points in the 18-24-month tenure
 "Bajaj Finance hikes fixed deposit rates for most tenures by up to 60 bps")
Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City
Axis Bank on Tuesday announced the introduction of digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat
 "Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City")
Safe investment option: What is a fixed deposit; how does it work
An amount deposited with a bank or financial institution must not be withdrawn prematurely
NSC or 5-year FD? Which is the better tax-saving investment option?
TDS is deducted on the interest earned on FDs. Even though FD provides a marginally higher interest rate, due to TDS deduction, the post tax returns may be lower.
 "NSC or 5-year FD? Which is the better tax-saving investment option?")
Sikkim govt to create fixed deposits of Rs 10,800 in name of newborns
Addressing the 'Jan Bharosa Sammelan' in Soreng district, Tamang announced the 'Sikkim Sishu Samriddhi Yojana' ahead of the assembly elections in the state
 "Sikkim govt to create fixed deposits of Rs 10,800 in name of newborns")
Safe IPO investments, private jet boom: Top personal finance stories
Instead of getting carried away by hype, investors must do a rational assessment of these offerings to determine if they are better bet than sector peers already available in secondary market
 "Safe IPO investments, private jet boom: Top personal finance stories")
FDs, insurance, gold top retirement investments, MFs gain traction: Survey
According to the survey, Indian investors planning retirement favour fixed/recurring deposits, annuities/insurance, gold, and the Post Office Savings Scheme (POSS)
 "FDs, insurance, gold top retirement investments, MFs gain traction: Survey")
Rs 200 crore FD fraud: Role of Noida Authority officials under probe
A separate police inquiry into the financial fraud in which the FDs, for which money was taken from Noida Authority, were never made is underway
 "Rs 200 crore FD fraud: Role of Noida Authority officials under probe")
A snapshot of company fixed deposit rated offered by various companies
Here is how the company fixed deposit rates offered by various firms stack up
 "A snapshot of company fixed deposit rated offered by various companies")
Senior citizen saving scheme vs bank FD: What is the right strategy for you
senior citizens with an investment horizon of 5 years, who are seeking regular income at quarterly intervals and/or wishing to save tax under Section 80C would find SCSS more attractive than bank FDs
 "Senior citizen saving scheme vs bank FD: What is the right strategy for you")
Small banks vs private/PSU banks: Where should you lock your money?
Here are some key points to consider when making your decision
 "Small banks vs private/PSU banks: Where should you lock your money?")
