Mon, Oct 14, 2024
Senior Citizen FD Latest Interest Rates: Senior citizens often use fixed deposit (FD) schemes as part of their retirement planning. They invest in fixed deposit schemes to get guaranteed returns in the form of interest. Apart from limited-period special FDs, SBI, PNB, Canara Bank, HDFC Bank, and ICICI Bank run 1-, 3-, and 5-year FD schemes for senior citizens.
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Thu, Oct 10, 2024
FD Interest Rates: Many investors still choose Fixed Deposit (FD) schemes for their security and guaranteed returns. Both banks and post offices offer FDs, with a range of tenures to suit different needs.
Tue, Oct 08, 2024
Short-Term Investment: If you're considering a short-term investment, fixed deposits (FDs) can be an excellent option. Many banks currently offer special FD schemes with tenures ranging from 400 to 444 days—just over one year—with attractive interest rates.
Mon, Sep 23, 2024
In one year, SBI gives a 7.30 per cent interest rate to senior citizens while in 3-year and 5-year FDs, the bank provides 7.25 per cent and 7.50 per cent interest rates respectively.
Thu, Sep 05, 2024
Here are the latest FD interest rates that top banks of India are providing to senior citizens in 1-year, 2-year, and 3-year FD. Let's take a look.
Wed, Sep 04, 2024
Interest in FDs can vary in different banks. Senior citizens get more interest than general citizens in FDs.
Thu, Aug 29, 2024
A look at interest rate offered by SBI, BoB, ICICI, Axis Bank, PNB, and HDFC Bank on fixed deposits to general citizens.
Tue, Aug 27, 2024
Did you know you can open both fixed deposit (FD) and recurring deposit (RD) accounts at the post office? Both are low-risk options with guaranteed returns, but they cater to different needs. An FD requires a lump sum deposit upfront, making it ideal for those with a one-time amount to invest. In contrast, an RD involves regular (usually monthly) deposits, suited for those who prefer to save a set amount periodically. This article highlights the key differences between post office FD and RD returns with illustrative examples.
Short-term investment ideas: If you want to invest for the short term, you can try investing in fixed deposit (FD), recurring deposit (RD), and debt mutual funds among many other options.
Tue, Aug 20, 2024
SBI FD Interest Rates for General and Senior Citizens 2024: State Bank of India runs a lot of fixed deposit schemes for general and senior citizens. It offers more FD interest rates to senior citizens compared to what it offers to general citizens. If one invests in the 5-year FD, they also get the advantage of tax benefits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act. This benefit is for taxpayers following the old tax regime.
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.
Wed, Aug 14, 2024
Fixed Deposits (FDs) remain a preferred investment option for many due to the perception that they offer complete security. If you share this belief, then it's time to reconsider, as your money is not entirely risk-free even in FDs as well.
Thu, Aug 08, 2024
FD or fixed deposit is one of the safest ways to park your money and get substantial interest.
Tue, Aug 06, 2024
SBI Special FD Schemes: Did you know that the country's largest lender, State Bank of India (SBI), offers a variety of special fixed deposit investment schemes - also known as term deposits? Investing in fixed deposits is considered safer compared to equity or equity-related instruments as they offer returns at a fixed, predetermined rate of interest that is higher than savings accounts. The interest rate offered at the time of opening a fixed deposit remains constant throughout the term of the deposit.
Fri, Jul 19, 2024
SBI Senior Citizen Fixed Deposit Interest Rates: State Bank of India (SBI), like many other banks, offers extra interest rates to senior citizens compared to general citizens. The interest rate for SBI Senior Citizen Amrit Kalash scheme is 7.60 per cent. In the 1-year, 3-year, and 5-year FDs, the interest rates are 7.30 per cent, 7.25 per cent and 7.50 per cent, respectively. The 5-year FD also offers tax benefits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act, 1961.
Tue, Jul 09, 2024
State Bank of India (SBI) - the country's largest lender - offers a range of maturity options for retail domestic term deposits - or fixed deposits - below Rs 3 crore, starting at seven days going all the way to as long as 10 years. With effect from June 15, the PSU bank offers interest rates to the tune of 3.5-7.5 per cent per annum to its customers on these term deposits, according to its website, sbi.co.in. Do you know which FD yields the maximum return to the general public? SBI offers an interest rate of 7.0 per cent to the general public in fixed deposits of at least two years but less than three years, and 7.5 per cent to senior citizen customers on the same term. Read on to know all about SBI's latest fixed deposit interest rates.
Mon, Jul 08, 2024
Unlike market-linked investments, FDs are not subject to market volatility, providing a reliable and steady return. This makes them an ideal choice for risk-averse investors or those looking to park their funds safely while earning a higher interest rate compared to regular savings accounts.
Tue, Jun 25, 2024
The name of this Indian Bank scheme is 'IND SUPER 400 DAYS'. This is a callable FD scheme which means you can withdraw a portion of the entirety of the deposited sum before the set maturity date. The last date for this IND SUPER 400 DAYS scheme is June 30, 2024.
Fri, Jun 07, 2024
SBI Senior Citizen FD Interest Rates: Senior citizens prefer a guaranteed return scheme where their money is not stuck and they get an income stream, which makes them financially independent. Fixed Deposit schemes (FDs) fit into their scheme of things. Senior citizens get annual interest on their deposits. They can get this interest monthly, quarterly, half-yearly, or yearly, according to their requirements for money.
Wed, May 29, 2024
The FD policyholder can opt for a monthly, quarterly, half-yearly, or annual interest deposit. FDs vary in time and interest rates. The popular FD options are 1-year, 3-year, and 5-year. The advantage of investing in a 5-year FD is that it provides tax benefits on deposits up to Rs 1.50 lakh in a financial year.
Tue, May 28, 2024
FD Interest Rates 2024: Banks and NBFCs offer FDs of different durations and amounts. Leading banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Indian Overseas Bank, HDFC Bank, ICICI Bank, and Axis Bank also offer FDs.
Mon, May 27, 2024
Post Office Time Deposit Account (TD): Post Office Term Deposit is also known as post office FD. The 5-year FD provides an interest rate of 7.5 per cent. The 5-year FD is unique as it also provides tax benefits on deposits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act. Since it's a non-market-linked small savings scheme, not only does it provide interest, but it can also help diversify your portfolio.
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.
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