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NewsFD interest rate

FD interest rate News

26 Nov 2022

Banks offering up to 9% return on Sr Citizen FD; How safe is your investment?

Senior Citizen Fixed Deposit Interest Rate: Senior citizens often tend to invest in an instrument that is risk-free and yields a better return. Of all the traditional investment options, fixed deposit is one of the most trusted options by senior citizens. Recently, not only public sector banks but private lenders have also revised their interest rates on fixed deposits including SBI, HDFC, ICICI Bank, Bank of Baroda and Union Bank of India. While nationalised banks offer a return of up to 7.5 per cent on fixed deposits, Small Finance Banks (SFBs) offer a return of up to 9 per cent on fixed deposits. These SFBs include Ujjival Small Finance Bank, Utkarsh Small Finance Bank, Jana Small Finance Bank, and Fincare Small Finance Bank.

14 Oct 2022

FD with Rs 10 lakh insurance: THIS bank offers 7.1% interest on 3-yr deposit

DCB Bank has relaunched its Suraksha Fixed Deposit scheme The scheme offers an interest rate up to 7.6 per cent Suraksha Fixed Deposit is a three-year FD scheme

Kotak Mahindra Bank FD

14 Apr 2022

Good news! Kotak Mahindra Bank hikes FD interest rates; check latest FD rates

The bank has hiked the interest rates on FD schemes worth less than Rs 2 crore. The latest interest rates are effective from April 12, 2022. The new interest rates are not applicable to senior citizen investors.

11 Feb 2022

Axis Bank offers digital fixed deposit; no penalty on premature withdrawals

Investors don’t need to visit the bank or do any paperwork for opening the digital fixed deposit accounts. The complete process is digital and can be completed online in a matter of a few minutes. Investors can withdraw up to 25% of their investments anytime without any penalty on premature withdrawals.

Kotak Mahindra Bank

12 Jan 2022

Kotak Mahindra Bank increases fixed deposit rates; check latest FD rates

FDs maturing in 7 to 30 days will now receive a 2.5% interest rate. The bank will offer an interest rate on FDs with tenors of 31 to 90 days and 91 to 120 days at 2.75% and 3% respectively. On fixed deposits with a tenure of 180 days, the bank will offer an interest rate of 4.3%.

08 Jan 2018

Should you invest in equity even after retirement?

The best way to keep your money growing is to invest in equity in a measured, de-risked and tax-efficient way.

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