Page 2 - 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

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

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 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

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

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

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

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

SBI WeCare and Amrit Kalash deadlines extended to September 30: Know more

SBI WeCare, Amrit Kalash deposit schemes: Benefits, tenures explained

Bajaj Finance hikes fixed deposit rates for most tenures by up to 60 bps

Bajaj Finance, part of Bajaj Finserv, has increased fixed deposit (FD) rates for most tenures by up to 60 basis points (bps). Bajaj Finance is a deposit-taking non-banking financial company registered with the Reserve Bank of India. 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. For non-senior citizens, rates have been hiked by up to 45 basis points in the 25-35-month tenure, 40 basis points in the 18 and 22-month tenures, and 35 basis points in the 30 and 33-month tenures, the company said in a release. Senior citizens can continue to avail FD rates of up to 8.85 per cent and non-senior citizens can take benefit of rates of up to 8.6 per cent, by booking digitally in the 42-month tenure, it said. "Our enhanced rates across several investment buckets present an attractive proposition for investors seeking stability," said Sachin Sikka, Head - Fixed ...

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. With this introduction, Axis Bank becomes the first bank to offer a digital journey for GIFT City Deposits, the bank said in a statement. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'; the mobile banking application of the lender, it said. This offering simplifies the process of booking US dollar Fixed Deposit for NRI customers, by providing them an end-to-end digital paperless solution and eliminating the need for physical documentation, it said. Besides seamlessly opening an FD account anytime from anywhere, customers can also track and manage their FD digitally, it said. With attractive interest rates, Axis Bank provides NRIs with one of the best investment opportunities, it said. The US Dollar fixed deposit also offers a wide range of investment tenures from se

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.

Starting an FD? Check out the top rates offered by banks

Sikkim govt to create fixed deposits of Rs 10,800 in name of newborns

Sikkim Chief Minister Prem Singh Tamang on Monday announced a new scheme under which the government will make a fixed deposit of Rs 10,800 in the name of a newborn. Addressing the 'Jan Bharosa Sammelan' in Soreng district, Tamang announced the 'Sikkim Sishu Samriddhi Yojana' ahead of the assembly elections in the state. He said the fixed deposit will mature and the money can be withdrawn when the child turns 18. The Himalayan state has the lowest population in the country at 6.10 lakh, according to the 2011 census. Tamang's government has been taking a slew of measures to encourage couples to have more babies to fend off concerns over the aging population. Among these are additional increments for government employees having two or three children, maternity leaves of one year for female government employees, and financial grants for non-working mothers. "The low fertility rate among the local indigenous population is a matter of serious concern in Sikkim... We must do everything i

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

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)

Rs 200 crore FD fraud: Role of Noida Authority officials under probe

The Noida Authority said it has launched a probe into the alleged irregularities in the fixed deposit of Rs 200 crore of its money in a public bank, bringing under scanner the role of its finance department officials. The probe panel will submit inquiry findings to CEO Lokesh M by August 5, the authority said. 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. The irregularities surfaced in mid-June during the tenure of former CEO Ritu Maheshwari and so far five people have been arrested by the police. Close on the heels of the FD fraud case, Maheswari was on July 19 transferred as the CEO of the Noida Authority and replaced by Lokesh M, who was serving as the Divisional Commissioner of Kanpur. The authority on Wednesday issued a show notice to chief finance and accounts officer Manoj Kumar Singh, seeking his response within three days, failing which legal action, including suspension, c

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

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