Page 3 - Fixed Deposits

Tata Digital enters retail investment with fixed deposits marketplace

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

Fixed income outlook 2025: Lock into peak rates as cuts are likely

The much-anticipated interest rate cut cycle may be delayed, but experts believe the Reserve Bank of India (RBI) will reduce rates in 2025

New interest rates and tenures: IDBI Bank revamps Fixed Deposit offerings

IDBI Bank has revised its fixed deposit interest rates along with introduction of a new tenure with higher interest rate and extended the deadline to invest in previous special deposits

Fintechs go retro: Companies bet on fixed deposits to boost topline

Companies offer up to 9.5% interest rate per annum on fixed deposits

What are the best Fixed Deposit rates for you ahead of tax season

Check out the various FD rates available from different banks

Align tax-saving investments with financial goals and asset allocation

Making a start now will give you time to choose instruments prudently and avoid mis-selling

Bajaj Finance's FD book grows 21% to Rs 66,131 cr as on September end

Bajaj Finance Ltd (BFL), part of Bajaj Finserv Ltd, has reported a growth of 21 per cent in its Fixed Deposit (FD) book to Rs 66,131 crore as on September 30, 2024, a senior company official has said. The company's total customer franchise stood at 92.09 million as of September 30, 2024 and net users on its App platform stood at 61.67 million. "The Bajaj Group's century-old legacy of trust resonates across generations of Indian families. Bajaj Finserv is founded on the business philosophy of the Bajaj Group, which has encouraged people across demographics to choose its FDs," Sachin Sikka, Executive Vice President Deposits, Investments, Rewards and EMI Cards, Bajaj Finance, said. Senior citizens can avail FD rates of up to 8.85 per cent and non-senior citizens can take benefit of rates of up to 8.65 per cent, by booking digitally in the 42 months tenure, Sikka said. Bajaj Finance has seen deposits growing in Punjab and Haryana, where senior citizens constitute nearly two-thirds of i

Equity returns outclass gold, FD, property in the long term: Morgan Stanley

Indian households, Desai wrote, are still under-invested in equities. At cost, only 3 per cent of the household balance sheet is in equities, excluding equity holdings of founders.

IDFC First raises fixed deposit rates, offers up to 8.25% on schemes

Senior citizens are given an added advantage and can earn 0.50% more as interest

Company fixed deposit rates' terms, tenure explained in one table

Comprehensive insights on ratings and returns offered by various players over different horizons

RBI policy: Lock in FDs now as interest rates expected to decline soon

Currently, investors can benefit from elevated FD rates, which provide a safe haven for their savings amidst uncertain economic conditions.

Axis Bank announces new fixed deposit interest rates of up to 7.75%

Lender is offering 7.75% interest rate, some of the country's leading banks are offering competitive interest rates to attract FD investors

Airtel Finance offers FD service, partners with NBFCs, small finance banks

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

BOI launches 333-Day Star Dhan Vriddhi FD, offers 7.9% interest rates

Star Dhan Vriddhi offers interest rates of 7.25%, 7.75% and 7.90% for general citizens, senior citizens, super senior citizens

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

Bank FDs sahi hai: Why fixed deposits may be better than debt mutual funds

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

Flipkart-backed super.money aims to be among top five on UPI leaderboard

The company, which rolled out its beta version in June, has processed about 10 million transactions to date

New FD schemes: RBL to TMB, mid-tier banks enter the great deposit chase

Launch special schemes to boost fund base

Banks offer up to 9% interest on FDs; check detailed rates of various banks

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

Cong asks govt to allow indexation benefits for savings in stocks, FDs

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 ...