Check out the various FD rates available from different banks
This might be your last chance to lock in high fixed deposit interest rates before a possible cut in December
Small finance banks are offering some of the best FD rates in India, with NorthEast Small Finance Bank and Unity Small Finance Bank offering the highest returns at 9.00% for fixed deposits
Terms and conditions of more than a dozen lenders put together for your convenience
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.
Private and small finance banks in India are currently offering FDs with rates over 8.5% for specific tenures
For one-year fixed deposits, Bandhan Bank and IndusInd Bank lead with rates of 8% and 7.75%, respectively
Now is the time to lock in high fixed deposit interest rates and secure your returns while you can
Many private banks in India such as RBL Bank, SBM Bank India, and IndusInd Bank, are currently offering FD interest rates of over 8%
In a bid to attract depositors, State Bank of India is contemplating to come out with innovative products including a combo product of recurring deposit and SIP, said the bank's chairman C S Setty. With the economy progressing, he said, customers are becoming financially more aware and demanding, and have started looking for innovative investment instruments. Today the customers are looking at the value proposition as financial literacy improves and the concept of asset allocation will gain greater importance, he said. "Obviously, nobody wants to put everything in a risky asset or a speculative asset...banking products will always be part of the basket. So, we are trying to bring products which will appeal to them," he told PTI in an interview. "We are trying to bring innovation in some of the conventional products like recurring deposit, which is actually a conventional SIP...Maybe, we can combine both fixed deposit/recurring deposit and SIP, a combo product that could be digitall
Corporate FDs often offer 1-2% more than traditional bank FDs, depending on the company's credit rating and the tenure of the deposit
Senior citizens may invest in high-quality bonds, senior citizens savings schemes, and post office monthly income schemes
Customers are increasingly looking at alternative investment avenues, such as the capital markets, in search of better returns
For senior citizens, finding the right place to park savings is the key to ensuring financial stability in later years
Fixed deposit rates are directly affected by the change in repo rate. Small finance, private, public, and foreign banks hike fixed deposit rates up to 9% annually, providing lucrative options for save
For those who are uncomfortable with market-linked options like mutual funds or stocks, fixed deposits (FDs) offer a familiar and safer alternative
Lender raises extra interest rate for deposits made by senior citizens and super senior citizens
For deposits below Rs 3 crore, HDFC Bank has increased the interest rates by 20 basis points for tenors of 35 months and 55 months
It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors
Most banks offer higher interest rates (usually 50 basis points) on their senior citizens' fixed deposits