Bank has added a new tenure of 444 days, offering the highest interest rate of 7.50% for general citizens
Among the options, Unity Small Finance Bank and North East Small Finance Bank provide the highest rates, offering up to 9% for select tenures
Revised rates range from 3.50% to 8% for general citizens; senior citizens will receive returns of 8.50%
Check out the various FD rates available from different banks
The highest interest rate of 7.75% and 8.25% is for a tenure of 18 months
Lender is offering 7.75% interest rate, some of the country's leading banks are offering competitive interest rates to attract FD investors
Some of the banks providing these rates include NorthEast Small Finance Bank, Unity Small Finance Bank, RBL Bank, YES Bank and Deutsche Bank
Corporate FDs often offer 1-2% more than traditional bank FDs, depending on the company's credit rating and the tenure of the deposit
For senior citizens, finding the right place to park savings is the key to ensuring financial stability in later years
With an aim to garner more deposits, IDBI Bank on Tuesday increased its fixed deposit rate to 7.85 per cent for 444-day tenure for a limited period. The bank now offers a peak rate of 7.85 per cent and 7.75 per cent per annum on tenures of 444 days and 375 days, respectively, IDBI Bank said in a statement. This enhancement makes the Utsav Fixed Deposit an even more compelling option for customers seeking higher yields, it said. This offer is valid till September 30, 2024, it said, adding, customers can open an Utsav Fixed Deposit conveniently through the bank's website or mobile banking application or at any branch of the bank. Besides this, IDBI Bank continues to offer competitive rates on other special tenures under the Utsav Fixed Deposit scheme. The 700-day tenure offers a peak rate of 7.70 per cent, while the 300-day tenure provides 7.55 per cent, it said. Both Finance Minister and RBI Governor have expressed concern over slow pace in deposit growth as compared to credit ...
The updated fixed deposit interest rates for retail deposits will be effective from August 7, 2024
For those who are uncomfortable with market-linked options like mutual funds or stocks, fixed deposits (FDs) offer a familiar and safer alternative
Punjab National Bank's rates range from 3.5% to 7.25% for those under 60
Senior Citizen Fixed Deposits provide a safe investment option with guaranteed returns over a fixed period of time
The BoB Monsoon Dhamaka Deposit Scheme can be opened online or through any of the bank's branches
Ujjivan Small Finance Bank offers the highest rates at 8.75% for senior citizens and 8.25% for others
For its general customers, HDFC Bank now offers interest rates that range from 3% to 7.25%, depending on the tenure of the deposit
Schemes' high interest rates make them an attractive option for long-term investment
Navigating fixed deposit options: A comprehensive guide to top rates across different banks
Over 800 women were surveyed across 10 cities in India on a wide range of behaviours, including their involvement in financial decision-making, goal setting, saving and investing patterns, adoption of