Wed, Jul 10, 2024
At the end of the tenure, the accrued interest is calculated on the principal amount, and the total amount is paid back to the depositor. The tenure for fixed deposits can range from 7 days to 10 years. Below are some of the banks currently offering the highest interest rates on fixed deposits in India:
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Sun, Mar 03, 2024
In an off-cycle meeting in May 2022, the Monetary Policy Committee of RBI raised the policy rate by 40 basis points and it was followed by rate hikes of varying sizes, in each of the five subsequent meetings till February 2023. The repo rate was raised by 250 basis points cumulatively between May 2022 and February 2023.
Thu, Aug 18, 2022
Fixed Deposit Interest Rate: After the RBI repo rate hike of 50 bps, several public and private banks have increased interest rates on their fixed deposits. Among the top private sectors banks, HDFC Bank, ICICI Bank and and Kotak Mahindra have hiked their term deposit rates. SBI, PNB, BoB are among public lenders
Mon, Mar 07, 2022
The individuals looking for investment opportunities must know that with National Savings Time Deposit Account(TD), they can earn up to 6.7 per cent interest for a time of five years.
Fri, Mar 04, 2022
What are Liquid Funds? A liquid fund is a type of mutual fund that invests in debt funds with maturity of up to 91 days only. Investing in liquid funds include investment in Treasury bills (T-bills) Commercial Paper (CPs), Certificate of Deposits (CDs), Bank Term Deposits and more.
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