Page 6 - Latest Updates on Fixed Deposit
Bank of Baroda hikes MCLR up to 30 basis effective December 12
The revised rates will be effective from December 12
 "Bank of Baroda hikes MCLR up to 30 basis effective December 12")
Time still not ripe for investors to bet on long-duration debt funds
Lock into one-two year FDs and continue laddering, say experts
 "Time still not ripe for investors to bet on long-duration debt funds")
Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps
Revised rates applicable on fresh deposits and renewals
 "Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps")
Special FD rates, while attractive, lose the medium to long-term race
While you may begin allocating to them, keep some powder dry as rates could rise further
 "Special FD rates, while attractive, lose the medium to long-term race")
Bandhan Bank offers 7.5% interest rate on retail FDs for limited period
Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more
 "Bandhan Bank offers 7.5% interest rate on retail FDs for limited period")
State Bank of India, IDBI Bank hike retail fixed deposit rates
For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier
 "State Bank of India, IDBI Bank hike retail fixed deposit rates")
Three-five-year gilts are attractive in current times, say experts
For tax-efficient exposure, go for TMFs maturing in 2026-2028
 "Three-five-year gilts are attractive in current times, say experts")
Days of delivering sub-par returns may soon come to an end for debt funds
The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future
 "Days of delivering sub-par returns may soon come to an end for debt funds")
Why this is not the time to take on very long-term fixed deposit investment
For periods longer than 3 years, it is a good idea to explore debt mutual funds that offer indexation benefits and lower the tax outgo
 "Why this is not the time to take on very long-term fixed deposit investment")
Equities, gold, FDs: Where should you invest as global headwinds blow?
The sharp reversal in the interest rate regime by global central banks and high inflation has eroded returns from equities. Where should an investor, with a surplus investable amount, put their money?
 "Equities, gold, FDs: Where should you invest as global headwinds blow?")
Even foreign nationals have right to personal liberty: Huawei chief to HC
Court permits Xiongwei Li to travel abroad after providing a FDR of Rs 5 crore
 "Even foreign nationals have right to personal liberty: Huawei chief to HC")
Begin locking into best FD rates available, take limited exposure to SFBs
Since predicting peak rate is impossible, deploy in tranches over the next few months
 "Begin locking into best FD rates available, take limited exposure to SFBs")
Cattle smuggling: CBI freezes Rs 17-cr FDs belonging to Anubrata, family
The CBI on Wednesday visited Mondal's Nichupatti residence in Bolpur to question his daughter but left within 10 minutes after Sukanya refused to talk to them.
 "Cattle smuggling: CBI freezes Rs 17-cr FDs belonging to Anubrata, family")
Ladder your fixed deposits to avoid the risk of reinvestment: Experts
Debt fund investors should keep the bulk of their investments in shorter-duration funds, 10-20% in longer-duration ones
 "Ladder your fixed deposits to avoid the risk of reinvestment: Experts")
Wish to shun market volatility? Go for insurers' assured return plans
Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free
 "Wish to shun market volatility? Go for insurers' assured return plans")
Returns on small savings remain attractive despite no rate reviews
Investors who want to avoid their long lock-in can choose from a host of other high credit quality options
Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
 "Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%")
Opt for 3- to 6-month fixed deposits for now; lock in at higher rates later
Home loan borrowers must pre-pay, or opt for higher EMI, to prevent loan tenure from rising
 "Opt for 3- to 6-month fixed deposits for now; lock in at higher rates later")
New-to-credit customer? Opt for a secured credit card, say experts
BNPL, small-ticket consumer loans are other options to build credit history
 "New-to-credit customer? Opt for a secured credit card, say experts")
A snapshot of Fixed Deposit rates offered by various banks with details
Here is how the fixed deposit rates offered by various banks stack up
