Senior citizens are given an added advantage and can earn 0.50% more as interest
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Currently, investors can benefit from elevated FD rates, which provide a safe haven for their savings amidst uncertain economic conditions.
Lender is offering 7.75% interest rate, some of the country's leading banks are offering competitive interest rates to attract FD investors
Bharti Airtel on Monday announced the launch of a fixed deposits marketplace under its digital arm Airtel Finance, backed by partnerships with leading NBFCs and small finance banks. The marketplace enables Airtel Finance to provide an assured return and fixed-income investment option on the digital platform that is built on top of Airtel's Thanks App framework, according to a release. "Bharti Airtel today announced the launch of a fixed deposits marketplace under its digital arm, Airtel Finance. These fixed deposits come at an attractive interest rate of up to 9.1 per cent per annum," it said. Airtel Finance has offered the fixed deposit service through partnerships with multiple small finance banks and NBFCs including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank and Shriram Finance. This will help customers lock in assured returns at high rates of interest. Anshul Kheterpal, Chief Business Officer, Airtel Finance said, "We have partnered with the best ban
Star Dhan Vriddhi offers interest rates of 7.25%, 7.75% and 7.90% for general citizens, senior citizens, super senior citizens
Senior citizens may invest in high-quality bonds, senior citizens savings schemes, and post office monthly income schemes
The returns may be similar, but there is nothing better than bank FDs when it comes to safety - the principal is safe, at least in scheduled commercial banks, given how Indian banks are regulated
The company, which rolled out its beta version in June, has processed about 10 million transactions to date
Launch special schemes to boost fund base
Fixed deposit rates are directly affected by the change in repo rate. Small finance, private, public, and foreign banks hike fixed deposit rates up to 9% annually, providing lucrative options for save
The Congress on Wednesday said the government's proposal of giving individuals the option to choose between two tax rates for long-term capital gains (LTCG) tax on properties is not enough and it should also allow indexation benefits for other forms of savings such as stocks and fixed deposits. Professionals' Congress Chairman Praveen Chakravarty accused the government of "betraying" the middle and salaried class in the Union Budget through the removal of indexation and higher taxes on their savings and investment gains. "On 23rd July, Finance Minister Nirmala Sitharaman presented the government's budget in Parliament. We welcomed certain aspects but we strongly opposed many parts of the budget. We welcomed the fact that the FM took some ideas from the Congress party's manifesto such as the employment linked incentive (ELI) scheme, the Apprenticeship Act and removing Angel tax," Chakravarty said at a press conference at the AICC headquarters here. Among other things, we strongly ...
Senior citizens will receive an additional 50 basis points over these rates.
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Some banks offer interest rates of 8% or more, making them an appealing option for risk-averse investors
Asset allocation ensures investor gets small exposure to stocks in a predominantly bond portfolio
Keep some emergency cash at home and ensure your credit card limits are adequate
Comprehensive insights into ratings and returns offered by various players over different horizons
Axis Bank completed the acquisition of Citibank India's consumer banking business effective March 1, 2023
Indians' favourite investment option offers lucrative returns and stability