Page 5 - Fixed Deposits

Bigger the FD, higher the return: Should you lock funds in non-callable FDs?

These FDs do not allow you to withdraw your deposit before the maturity date, which is not the case for callable FDs unless a court order is issued in the event of death or bankruptcy.

FD for senior citizens: Here are the best rates, but should you invest?

Small Finance Banks offer the highest interest rates to senior citizens on fixed deposits

Use laddering to average out returns, minimise reinvestment risks

Those keen to strike a balance between risk and reward may go for barbell strategy

Investors can lock into current high yields with target maturity funds

The medium- to high-maturity variety of these funds can also offer capital gains if interest rates fall

Deferred annuity plans need caution in investment to avoid mis-selling

Before falling for the promised return, consider the principle of time value of money

SBI becomes fifth bank to hike FD rates in December 2023

For deposits maturing in seven days to forty-five days, SBI increased interest rates by 50 basis points (bps).

Best time to book FDs is from now to 6 months but stay away from floating FDs

Many banks try to sell floating-rate FDs at marginally higher interest rates. These FDs are best avoided because the yield will be much less

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

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

80% of all term deposits are in the Rs 1.5-10 mn range, 60% from metros

At least 50 per cent of the deposits are still in the 7-8 per cent interest rate bucket. This has seen a 10 percentage points increase in the first quarter of fiscal year 24.

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

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

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

Tax deadlines to special FDs: 5 important financial dates in November 2023

One of the major requisites for pensioners post their retirement is to provide life certificates to the authorised pension disbursing agencies like Banks, Post offices etc.

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

FD rules tweaked: Premature withdrawals allowed for deposits up to Rs 1 cr

Reserve Bank of India has raised the minimum amount for offering non-callable term deposits to Rs 1 crore from the current Rs 15 lakh.

Green deposits offering higher interest than regular FDs, should you pick

Green deposits are essentially deposits raised for the purpose of utilising the proceeds towards financing of green projects/activities

More appetite for FDs when compared to debt funds: What should you pick?

The advantage of short-term debt funds is that it has higher liquidity and can be withdrawn only when the needs com

AU Small Finance Bank launches its first Green FD: All you need to know

he Green Fixed Deposit offers an interest rate of up to 8.50 per cent, with a minimum investment requirement of Rs 5,000.

Bank of Maharashtra increases lending rate by 10 bps for select tenure

State-owned Bank of Maharashtra (BoM) on Thursday said it has increased its marginal cost of funds-based lending rate (MCLR) for select tenure by 10 basis points. The benchmark one-year MCLR, used to price most consumer loans such as auto, personal and home, has been revised upwards to 8.60 per cent from 8.70 per cent, the lender said in a regulatory filing. The revised MCLR has come into effect from October 11, 2023. At the same time, the Pune-based bank has increased its fixed deposit rates by up to 125 basis points, or 1.25 per cent, with effect from Thursday. The rate increase applies to fixed deposits and special schemes as per the period maintained by the bank, the lender said in a statement. The hike in deposit rates will encourage individuals and businesses to save more as there is a sharp increase of 125 bps in deposit rates for the tenure of 46-90 days, it said. For a tenure of 1-year interest would be 6.50 per cent, and for deposits above one year, customers will enjoy