There are various investment options available these days, but individuals seeking steady returns with minimal risk often opt for fixed deposits. By depositing their hard-earned money in banks, they can receive a stable income. Currently, many banks are offering attractive interest rates on deposits, so it’s important to compare these rates before making a deposit. … Read more
Despite the various investment opportunities available in the country, the demand for small savings schemes, also known as post office schemes, remains distinct. The primary reason for their popularity is the backing of the central government, alongside additional benefits such as guaranteed returns and tax incentives. While not all schemes offer tax benefits, the promise … Read more
Are you looking for a steady income month after month? The Annuity Deposit Scheme offered by the State Bank of India (SBI) might be your best option. By joining this scheme, you can receive up to Rs. 11,000 monthly as a pension for 10 years. State Bank of India offers its customers various savings and … Read more
Attention individuals interested in making fixed deposits in banks: Four banks have recently updated their interest rates, effective July 1. The newly announced rates apply to retail deposits below 3 crores. These major banks include Axis Bank, Punjab and Sindh Bank. Below, you will find details on the interest rates for different deposit tenures and … Read more
ICICI Bank, one of the leading private banks in the country, has announced new fixed deposit interest rates in response to the Reserve Bank of India’s (RBI) new rule for retail deposit terms and rates. These new interest rates will come into effect starting today. The revised interest rates will be applicable to deposits below … Read more
State Bank of India offers two special FD schemes for senior citizens, with a maximum interest rate of 7.60 per cent. These schemes come with special interest rates for specific tenures. If you were to deposit Rs. 1 lakh, you can calculate how much the deposit will grow to by maturity. This is a great … Read more
The central government has announced the interest rates of small savings schemes for the July-September quarter. The interest rates for various post office schemes, including the Public Provident Fund and Sukanya Samriddhi Yojana, have been announced. However, there have been no changes in the interest rates compared to the April-June quarter. The current interest rates … Read more
When considering fixed deposits, banks are often the first option that comes to mind. However, it’s important to note that term deposits can be made in banks, post offices, and corporate bodies. While many people may think that corporate organizations are unsafe, financial experts suggest depositing in AAA-rated institutions is safer.
State Bank of India has given its customers some good news by increasing the interest rates on various tenure fixed deposits by 75 basis points. The revised rates have been in effect since May 15. The country’s largest public sector bank, SBI, has announced an increase in interest rates on fixed deposits for retail depositors below Rs.2 crores and bulk deposits above Rs.2 crores.
Bank fixed deposits are designed to support senior citizens in their old age by providing guaranteed returns without any risk. Interest rates on fixed deposits have been high for some time now, with banks offering up to 50 basis points more interest to senior citizens than to regular citizens.