Page 4 - Fixed Deposit Rates
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
 "Cancelling credit card, uncluttering home: Top personal finance stories")
SBI hikes FD interest rates: Here's what all the banks are offering
Effective from May 15, 2024, the new SBI FD rates aim to attract more investors looking for safe and lucrative savings options
 "SBI hikes FD interest rates: Here's what all the banks are offering")
Which banks, financial institutions are offering best FD rates in May 2024?
Navigating fixed deposit options: A comprehensive guide to top rates across different banks
 "Which banks, financial institutions are offering best FD rates in May 2024?")
Senior citizen deposits total Rs 34 lakh crore, a 150% growth in 5 years
The report estimates a staggering 74 million senior citizen term deposit accounts in India, holding a combined value of Rs 34 lakh crore.
 "Senior citizen deposits total Rs 34 lakh crore, a 150% growth in 5 years")
Fixed deposit rates in April 2024: Why it's prime time for FD investments
According to experts, the RBI might adjust interest rates towards this year's end. Therefore, it could be wise to invest in FDs now, taking advantage of the current higher interest rates
Which banks or financial institutes offer the best FD rates? Take a look
Fixed deposits (FDs) are a cornerstone of financial planning for many in India, offering a secure and predictable return on investment
 "Which banks or financial institutes offer the best FD rates? Take a look")
Company fixed deposit rates' terms, tenure explained in one table
Look at returns offered by various players over different horizons
 "Company fixed deposit rates' terms, tenure explained in one table")
Interest rates, tenure, terms of fixed deposits explained in table
Fixed deposit rates of financial companies are a conservative way of investment
 "Interest rates, tenure, terms of fixed deposits explained in table")
Bank FD rates soar: Right time for investors to secure peak returns
Small finance banks' FDs yield more than larger banks' offerings, but invest in them sparingly. Investors need to lock into current peak rates before they begin to decline
 "Bank FD rates soar: Right time for investors to secure peak returns")
Lending rates decline in Nov while deposit rates harden: RBI data
The WALR on outstanding rupee loans of SCBs was at 9.80 per cent in November 2023 as against 9.84 per cent in October 2023 and 9.83 per cent in September
 "Lending rates decline in Nov while deposit rates harden: RBI data")
Several banks raise FD rates in December, offer up to 8% interest
On Monday, Kotak Mahindra Bank raised fixed deposit (FD) interest rates by up to 85 basis points. Kotak Mahindra customers can now earn up to 7.80 per cent on senior citizen FDs
 "Several banks raise FD rates in December, offer up to 8% interest")
RBI policy: Depositors can continue to enjoy high FD rates for now
With the rise in the lending rate of banks, there has been a simultaneous increase in fixed deposit rates as well. As of now, many banks are offering FD interest as high as nine per cent
 "RBI policy: Depositors can continue to enjoy high FD rates for now")
Company fixed deposit interest rates, tenure range explained in chart
Consider table by Policybazaar if you are a conservative investor who doesn't want to risk their money
 "Company fixed deposit interest rates, tenure range explained in chart")
YES Bank hikes FD rates by 25 bps, senior citizens can earn up to 8.25%
According to YES Bank's website, the highest interest rate of 7.50 per cent has been increased to 7.75 per cent for FDs maturing in 18 months to less than 24 months
 "YES Bank hikes FD rates by 25 bps, senior citizens can earn up to 8.25%")
TDS on fixed deposit interest: A guide on how to avail exemption
As per the Income Tax Act, the exemption limit for TDS deduction on FD is Rs 40,000 for individuals (excluding senior citizens) and Rs. 50,000 for senior citizens
Govt relaxes norms for small savings schemes: Check details here
The Senior Citizen's Savings Scheme now allows three months to open an account, up from the current one month. Additionally, changes have been made to the premature closure rules for PPF accounts
 "Govt relaxes norms for small savings schemes: Check details here")
Diwali offer: This bank is offering 8.25% interest on fixed deposits in Nov
The limited-period FD scheme is available for resident Indians and NRIs. The Diwali Special FD rates of 8.25 per cent p.a. will be available for a specific tenure from November 3 to November 17, 2023
 "Diwali offer: This bank is offering 8.25% interest on fixed deposits in Nov")
Last day to invest in HDFC Bank Senior Citizen Care FD with 7.75% interest
The Senior Citizen Care FD offers senior citizens aged 60 years and above an additional 0.75 per cent interest rate for FDs of less than 5 crores
 "Last day to invest in HDFC Bank Senior Citizen Care FD with 7.75% interest")
Banks offering up to 9 per cent interest: Top fixed deposit rates right now
Unity Small Finance Bank offers 9.5 per cent interest rate on senior citizens fixed deposit for 1001 days tenure as of October 25, 2023
 "Banks offering up to 9 per cent interest: Top fixed deposit rates right now")
Table: Fixed deposit schemes offered by various finance companies
Credit ratings for the schemes are mostly 'stable', according to Paisabazaar table
 "Table: Fixed deposit schemes offered by various finance companies")
