SC judges disclose majority of financial assets in bank deposits and provident funds, contrasting sharply with ministers' high exposure to stocks and mutual funds
Such FDs are similar to those offered by commercial banks but carry a higher interest rate, as well as risk of default
Highest yield now at 9.93%. Experts suggest locking in current rates as banks and NBFCs move towards lowering deposit returns
However, one should avoid keeping excessive funds in savings accounts
Senior citizens will continue to get additional benefit of 0.50% higher interest
Liquidity infusion by the Reserve Bank of India (RBI) has eased funding pressure on banks
Other banks, including HDFC Bank and Yes Bank, have also trimmed interest rates on fixed deposits for select tenures
As of April 2025, several small finance banks in India are offering FD rates as high as 9%, making them the go-to choice for savvy investors looking to maximize their savings!
Now, the bank is offering a 7 per cent interest rate on deposits of up to Rs 3 crore for 35-month and 55-month tenures
Punjab & Sind Bank has discontinued tenures of 333 and 555 days, offering interest rates of 77.2 per cent and 7.45 per cent
This scheme has a tenure of 444 days and offers an attractive interest rate of 7.25 per cent per annum for general customers and 7.75 per cent per annum for senior citizens
The interest rate for senior citizens has been reduced from 8.6% to 8.5%, while the rate for general citizens has been lowered from 8.1% to 8%
Equitas stands out with 8.60% for 1-year Fixed Deposits and 8.50% for 3-year deposits.
The opening up of the insurance industry to 100 per cent FDI comes at a time when the insurance regulator has been advocating "Insurance for All" by 2047
BAFs provide an asset allocation tool for investors that are relatively hassle-free and help investors deal with market gyrations better through relatively emotionless investing
One of the key advantages is the higher interest rates that corporate FDs give compared to traditional bank FDs
If you too have been spooked by the recent behaviour of the stock market, may be it's time to consider that old favourite of savings-minded persons - the fixed deposit
The bank now provides a maximum interest rate of 8.10% on fixed deposits for general citizens and 8.60% for senior citizens
Among the highest fixed deposit rates available in India right now, small finance banks dominate the scene.
Tata Digital on Tuesday announced its foray into the retail investment space with the launch of its fixed deposits marketplace on the superapp Tata Neu. Customers can invest in fixed deposits through the marketplace with leading financial institutions at interest rates of up to 9.1 per cent without the need for a savings bank account, the company said in a statement. "With our fixed deposit marketplace, we aim to democratise access to high-yield, fixed-return instruments from multiple trusted providers. "This simple and secure platform is designed to offer competitive interest rates, empowering both seasoned investors and newcomers to grow their wealth confidently and effortlessly," Tata Digital Chief Business Officer, Financial Services, Gaurav Hazrati said. The company said customers invest as little as Rs 1,000. With bank investments insured up to Rs 5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), they get safety and complete peace of mind. Customers c