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.
When considering making a fixed deposit in the State Bank of India, it’s important to know how many years it will take for your money to double. This can be calculated using the Rule of 72, which is a quick way to estimate the doubling time for an investment.
Axis Bank, one of the leading private sector banks in the country, has announced a revision in the interest rates on fixed deposits worth less than 2 crores. The bank has stated on its official website that these revised interest rates have come into effect from May 15, 2024.
Banks are currently offering good interest rates on deposits, but these rates are likely to decrease soon. For those looking to make a long-term investment, 5-year fixed deposits are a better option. We would like to know the list of the top 6 banks offering high interest rates for these 5-year maturity tenure deposits.
RBL Bank has revised its fixed deposit interest rates with the Special FD Scheme, and the bank has announced a revision in FD interest rates, presenting a great opportunity for those seeking high interest. The bank offers a maximum interest rate of 8.75 % on its special tenure scheme.
Many banks currently offer higher interest rates on fixed deposits due to the Reserve Bank of India’s (RBI) recent increase in repo rates. This means that depositors can expect good returns on their investments. However, some banks have been increasing their interest rates recently and are now gradually reducing them.
Indian Bank, a leading public sector bank, has extended the deadline for special fixed deposits known as Ind Super 400 and Ind Super 300 schemes that offer high interest rates. This news comes as a relief for customers who were feeling the pressure of the initial deadline.
Many people consider investing in fixed deposits, but only some know which bank to choose or the interest rates. The largest government bank in India, SBI, has introduced a new multi-option deposit scheme, SBI MOD FD. Unlike other fixed deposits, you can withdraw funds from this account anytime without paying additional fees.
South Indian Bank Revised Interest Rates 2024 announced for Saving Accounts, Single Deposits, Tearm Deposits, and Special Fixed Deposit Schemes. SIB Bank FD Rates are effective from 1st March 2024 up to a 7.4% interest rate on their savings accounts. South Indian Bank, a leading private sector bank with 95 years of experience, has announced … Read more
BOB Special FD 2024 Scheme announced as “BoB Earth Green Term Deposit.” Investors can get a higher interest rate of up to 7.15% for 5k to 2Cr deposits with an 18-month tenure. Let me know the complete details. BOB Green FD 2024: Key Benefits Bank of Baroda has recently launched a special Green Deposit Scheme, … Read more