Page 5 - Fixed Deposits

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The advantage of short-term debt funds is that it has higher liquidity and can be withdrawn only when the needs com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

BoM hikes fixed deposit rates up to 125 bps, to be effective from Oct 12

State-owned Bank of Maharashtra (BoM) on Wednesday increased its fixed deposit rates by up to 125 basis points, or 1.25 per cent. The new rates are effective from October 12, BoM said in a statement. The rate increase applies to fixed deposits as well as special schemes as per period maintained by the bank, it said. The hike in deposit rates will encourage individuals and business 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 tenure of 1-year interest would be 6.50 per cent and for deposits above one year, customers will enjoy an increase of 25 bps, up to 6.25 per cent, it said. The senior citizens shall enjoy an additional benefit of 50 bps in interest rate with an attractive deposit rate of up to 7.5 per cent under 200/400 days' special scheme, as per the statement. The bank's attractive interest rates make it a compelling option for both short-term and long-term savers fostering trust and loyalty among them, it

Watch out! Some big banks are reducing FD rates and increasing loan rates

The increase in HDFC Bank's MCLR comes even as the RBI kept policy repo rate unchanged at 6.50 per cent for the fourth time in a row last week.

You can now book an FD online in 3 minutes, compare rates on this platform

The online platform enables investors to compare FDs and invest in one within 3 minutes without having to open a savings account.

FDs should not be used for wealth creation: What investors should do instead

You might get excited when banks offer 8 per cent interest rate on a five-year fixed deposit.

Post tax returns of FD rates still below FY24 inflation expectation of 5.4%

If an investor in the 30% tax bracket invests Rs 10 lakh in a bank FD that fetches 8% per annum interest, her earnings would be Rs 80,000. Post-tax, the earnings will further reduce to Rs 56,000

7 banks offering 9% interest rate to senior citizens: Full list of FD rates

Fixed deposits come with a premature withdrawal option that enables you to close the account before it matures. However, you will have to pay a penalty to the bank to avail of this facility.

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What does the law say about the rights of children born of invalid marriages; how are multiplexes wooing viewers: Our newsletter explains

Chart: Corporate fixed deposits offered by various companies

Paisabazaar's table for information on returns and credit ratings of leading providers

SBI issues latest fixed deposits rate 2023, check full details below

State Bank of India issues latest fixed deposits rate 2023. SBI also offers special FD schemes to attract customers such as SBI Wecare for senior citizens, and SBI Amrit Kalash