Fri, Dec 20, 2024
Updated SBI Senior Citizen FD Rates: Senior citizens seeking regular income from their investments invest in schemes like fixed deposit (FD). State Bank of India (SBI) runs FDs for senior citizens of different durations, such as 1, 3, 5, 7, and 10 years. They can also invest in special FDs such as Amrit Vrishti, Amrit Kalash, and Sarvottam. Senior citizens can get maturity on withdrawal or monthly, quarterly, half-yearly, or yearly.
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Tue, Dec 17, 2024
Compare mutual funds and fixed deposits to see what returns Rs 5 lakh investment can yield in 5 years. Understand features, benefits, risks, and tax-saving options to make informed decisions.
SBI 444-day FD vs PNB 400-day FD: Special fixed deposit (FD) schemes have their own charm. Investors seeking extra returns compared to traditional FDs invest in special FDs. State Bank of India (SBI) offers its highest interest rate in the 444-day Amrit Vrishti Scheme, while Punjab National Bank (PNB) offers its highest interest rate in the 400-day FD. Know how much return they can give.
Fri, Aug 16, 2024
SBI Senior Citizen FD Interest Rates: State Bank of India (SBI) runs a lot of fixed deposit (FD) schemes for senior citizens, the most prominent of which are Amrit Kalash, 1-year, 3-year, and 5-year FDs. If one invests in the 5-year SBI senior citizen FD, they can get up to Rs 1.50 lakh tax benefits under Section 80C of the Income Tax Act, 1961.
Thu, Aug 15, 2024
Top PSU Bank FD vs Top Debt Mutual Fund: The best medium to long duration mutual fund in terms of annualised lump sum returns (CAGR) is SBI Magnum Income Fund - Direct Plan. Among all PSU bank 5-year FDs, Canara Bank is providing the highest interest rate.
Tue, Jul 02, 2024
Senior citizens typically receive an additional interest rate of 50 basis points (bps) over regular FD rates, provided they are resident depositors. Below are the indicative FD rates for senior citizens across different tenures at select banks:
Mon, May 20, 2024
All leading banks in India encourage senior citizens to invest money in FDs, and as a result, they offer them higher interest rates on FDs compared to they offer to general citizens.
Fri, May 10, 2024
The majority of senior citizens are keen on a guaranteed return. It may not be quite high, but it should be regular as it helps them meet their monthly expenditure. Secondly, it also gives them the financial freedom to not depend on others.
Mon, Apr 08, 2024
FD rates 2024: Bajaj Finance on Monday (March 8, 2024) increased interest rates on fixed deposits (FDs) for its regular customers. Interest rates will rise by 45 basis points for FDs of 25- to 35-month tenures, 40 basis points for FDs of 18- and 22-month tenures, and 40 basis points for FDs of 30- and 33-month tenures. So, an increase of up to 35 basis points has been made.
Sun, Jan 21, 2024
Post office Investment Tips: If you are one of those people who instead of investing in market-linked schemes, prefer to invest in investment options with guaranteed returns, we will tell you about Post Office schemes where your money is safe. Know about Post Office schemes which can help you get good returns in just 5 years.
Sun, Jan 07, 2024
Banks offer slightly higher interest rates on fixed deposits (FDs) to senior citizens compared to non-senior citizens. FDs are popular among senior citizens since in old age, they need income from investment options which can give them guaranteed returns and fixed income. Since FDs are not market-linked, senior citizens opt them as they are risk-free investment options. In this write-up, know about the banks offering the highest interest rate to senior citizens on FDs.
Mon, Jul 25, 2022
bank fixed deposit also involved key risk factors here you know all about bank fd before start investing
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