Page 2 - Fixed Deposit Rates

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

Look at returns offered by various players over different horizons

Interest rates, tenure, terms of fixed deposits explained in table

Fixed deposit rates of financial companies are a conservative way of investment

Bank FD rates soar: Right time for investors to secure peak returns

Small finance banks' FDs yield more than larger banks' offerings, but invest in them sparingly. Investors need to lock into current peak rates before they begin to decline

Lending rates decline in Nov while deposit rates harden: RBI data

The WALR on outstanding rupee loans of SCBs was at 9.80 per cent in November 2023 as against 9.84 per cent in October 2023 and 9.83 per cent in September

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

Company fixed deposit interest rates, tenure range explained in chart

Consider table by Policybazaar if you are a conservative investor who doesn't want to risk their money

YES Bank hikes FD rates by 25 bps, senior citizens can earn up to 8.25%

According to YES Bank's website, the highest interest rate of 7.50 per cent has been increased to 7.75 per cent for FDs maturing in 18 months to less than 24 months

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

Govt relaxes norms for small savings schemes: Check details here

The Senior Citizen's Savings Scheme now allows three months to open an account, up from the current one month. Additionally, changes have been made to the premature closure rules for PPF accounts

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

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

Table: Fixed deposit schemes offered by various finance companies

Credit ratings for the schemes are mostly 'stable', according to Paisabazaar table

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

A snapshot of company fixed deposit rated offered by various companies

Here is how the company fixed deposit rates offered by various companies stack up

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

A snapshot of fixed deposit rates offered by various companies

A snapshot of fixed deposit rates offered by various companies

Senior citizen saving scheme vs bank FD: What is the right strategy for you

senior citizens with an investment horizon of 5 years, who are seeking regular income at quarterly intervals and/or wishing to save tax under Section 80C would find SCSS more attractive than bank FDs

Should you opt for one large fixed deposit or multiple smaller FDs?

For earning better returns, you can spread your investments across multiple fixed deposits with different maturity dates instead of locking all your funds in one fixed deposit for a longer period.