Page 4 - Fixed Deposit

MobiKwik launches fixed deposit product with up to 9.5% interest rate

MobiKwik, a digital financial services platform, on Wednesday announced the launch of an Instant Fixed Deposit (FD) product on its mobile app, in partnership with financial services firms. The product aims to simplify the savings process for its users, MobiKwik said in a statement. 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. Users can choose a tenure ranging from 7 days to 60 months depending on their convenience, it said. Premature withdrawals are allowed subject to variations in interest rates as outlined in the terms and conditions of the issuer, it said. Through its partnership with RBI-regulated Small Finance Banks and NBFCs such as Suryoday Small Finance Bank, Bajaj Finance, and others along with technology service provider Blostem, MobiKwik aims to provide security of fixed deposit bookings made on its platform, it added.

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)

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

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

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

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

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%

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

Bank of India is offering 8.10% on term Fixed Deposit: check revised rates

Lender raises extra interest rate for deposits made by senior citizens and super senior citizens

HDFC Bank increases fixed deposit interest rates by up to 20 basis points

It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors

Smart fixed deposit investment tips: A guide for senior citizens in India

Most banks offer higher interest rates (usually 50 basis points) on their senior citizens' fixed deposits

Conservative hybrid funds can be a better bet than fixed deposits

Asset allocation ensures investor gets small exposure to stocks in a predominantly bond portfolio

North East SFB to increase fixed deposit rate by 50 bps to 9.25%

The SFB is in the process of merging with fintech Slice to augment its capital base

HDFC Bank raises FD rates by 20 basis points with effect from June 10

The move comes even as the Reserve Bank of India decided to keep the policy repo rate unchanged in the June review of monetary policy

HDFC Bank hikes fixed deposit rates on select tenues: All you need to know

For its general customers, HDFC Bank now offers interest rates that range from 3% to 7.25%, depending on the tenure of the deposit

Fixed Deposit: From SBI to PNB, interest rates offered by banks in India

Banks offer varying interest rates on FDs, which also depend on the duration of the deposit

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

Shriram Finance offers 9.4% FD interest rate for investors: Details here

Individuals aged 60 years and above are eligible for an extra 0.50% interest per annum, while women depositors can benefit from an added 0.10% interest annually