Page 3 - Latest Updates on Fixed Deposit
IDBI Bank updates FD rates, extends Utsav FD special offers till March
The existing special tenures under the Utsav FD scheme have been extended until March 31, allowing customers more time to invest in these high-yielding FDs
 "IDBI Bank updates FD rates, extends Utsav FD special offers till March")
Important deadlines that you should know about before December 31
Several key financial deadlines are nearing on December 31. These include filing belated Income Tax Returns (ITR) by the due date and the closure of special fixed deposit schemes by various banks
 "Important deadlines that you should know about before December 31")
FDs vs equities: How rolling returns debunk short-term performance myths
Many investors resist rolling return analysis, preferring specific-date comparisons, which are often skewed to favour certain narratives
 "FDs vs equities: How rolling returns debunk short-term performance myths")
Special FD rates: These banks offer up to 8.10% interest till Dec 31
These schemes come with competitive rates for various tenures, for both general customers and senior citizens
RBL Bank increases fixed deposit interest rates, offers up to 8.5 %
Revised rates range from 3.50% to 8% for general citizens; senior citizens will receive returns of 8.50%
 "RBL Bank increases fixed deposit interest rates, offers up to 8.5 %")
Karnataka Bank increases fixed deposit interest offering up to 7.5 %
Lender offers 3.50% rate to general citizens on deposits with tenures ranging from seven to 45 days
 "Karnataka Bank increases fixed deposit interest offering up to 7.5 %")
Bank fixed deposit interest rates revised: You must lock in FDs now
In the event that the RBI decides to lower interest rates in December, this could be an opportune time for investors to lock in higher returns on fixed deposits
Equity returns outclass gold, FD, property in the long term: Morgan Stanley
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.
 "Equity returns outclass gold, FD, property in the long term: Morgan Stanley")
YES Bank offers up to 8.25% interest rate on fixed deposits below Rs 3 cr
The highest interest rate of 7.75% and 8.25% is for a tenure of 18 months
 "YES Bank offers up to 8.25% interest rate on fixed deposits below Rs 3 cr")
Company fixed deposit rates' terms, tenure explained in one table
Comprehensive insights into ratings and returns offered by various players over different horizons
 "Company fixed deposit rates' terms, tenure explained in one table")
MobiKwik launches fixed deposit product with up to 9.5% interest rate
MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said
 "MobiKwik launches fixed deposit product with up to 9.5% interest rate")
FD rates: Top 5 public sector banks offering highest interest returns
Public sector banks are offering attractive fixed deposit interest rates, with senior citizens earning up to 7.95% for 400-day tenure. High deposit safety is driving its popularity, say analysts
Bank of India launches 400-day fixed deposit scheme for festive season
Offer available at the bank's branches and digital channels (BOI Omni Neo App/ Internet Banking)
 "Bank of India launches 400-day fixed deposit scheme for festive season")
FD rates in September 2024: These 15 banks offer over 8% interest rates
Some of the banks providing these rates include NorthEast Small Finance Bank, Unity Small Finance Bank, RBL Bank, YES Bank and Deutsche Bank
Beyond FDs: Blend growth and income assets in retirement portfolio
Senior citizens may invest in high-quality bonds, senior citizens savings schemes, and post office monthly income schemes
 "Beyond FDs: Blend growth and income assets in retirement portfolio")
IDBI Bank increases interest rates on Utsav FD Scheme to peak 7.85%
Deposits with 444-day tenure will earn 7.85 per cent interest per annum, while those opting for a 375-day term can enjoy a 7.75 per cent annual return
 "IDBI Bank increases interest rates on Utsav FD Scheme to peak 7.85%")
Incremental deposit growth outpaced credit growth since FY22: SBI Research
Myth of flagging deposit growth appears as just a statistical myth with credit growth outpacing deposit growth being tom-tommed as a deceleration in deposit growth, the research report said
 "Incremental deposit growth outpaced credit growth since FY22: SBI Research")
RBI new rules for FD in NBFC applicable from Jan 2025: Check details
A number of regulations applicable to NBFCs were reviewed and revised regulations were shared in the central bank's latest circular
 "RBI new rules for FD in NBFC applicable from Jan 2025: Check details")
SBI hikes interest rates by 10 bps; EMIs on loans set to increase
SBI's one-year MCLR, which directly influences many loan types, has risen from 8.85% to 8.95%
 "SBI hikes interest rates by 10 bps; EMIs on loans set to increase")
FD rates in August 2024: These 20 banks offer 7.5 to 9% interest rates
Punjab National Bank's rates range from 3.5% to 7.25% for those under 60
