Wed, Oct 02, 2024
General Citizens FD Interest Rates Calculator: Sometimes, when people have a large amount and don't require it in the near future, they also invest in FD. Senior citizens choose FD investments to get a regular income. Public and private banks, small finance banks, and foreign banks run FD schemes.
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Wed, Sep 25, 2024
Know Your FD Rate: State Bank of India (SBI) offers a wide array of limited-period fixed deposit (FD) schemes with special interest rates. One such scheme is the ‘SBI We-care’ FD, which currently provides annual returns of 7.5 per cent for senior citizens, according to the PSU bank's website, sbi.co.in. In April 2024, SBI—which offers FD tenures ranging from 7 days to 10 years—extended the deadline to open a We-care FD account to September 30. Read on to learn more about this special FD scheme, SBI We-care, with examples.
Thu, Jul 25, 2024
Understanding Post Office FD Rate: The Post Office Time Deposit Account (TD) is a fixed deposit scheme available at post offices across India. It offers quarterly compounding of interest with annual payouts. Currently, it offers four maturity options ranging from one to five years, with annual returns between 6.9 per cent and 7.5 per cent calculated quarterly. The account requires a minimum investment of Rs 1,000, with no upper limit, in multiples of Rs 100. For example, amounts like Rs 1,100 and Rs 9,900 are accepted, but not Rs 1,110 and Rs 9,990.
Fri, Apr 26, 2024
A lot of senior citizens want guaranteed income on their investments. That's why they don't want to invest their money in market-linked scheme. SBI fixed deposit (FD) schemes are popular among senior citizens as these investment plans give them some extra interest rate than they provide to general citizens.
Thu, Feb 29, 2024
5-year SBI FD vs 5-year post office FD: Did you know that money parked in a five-year fixed deposit (FD) not only grows steadily and safely but also helps you avail income tax benefits up to Rs 1.5 lakh in a financial year? This article compares two such term deposit instruments. Read on to learn more.
Fri, Jun 09, 2023
Did you know that most commercial banks pay slightly better FD returns to senior citizen depositors? Here's a comparison of key FD rates offered by some of the top banks in the country.
Wed, Feb 22, 2023
HDFC Bank FD Interest Rates 2023: The bank is offering a maximum interest rate of 7.10 per cent for the general public and 7.75 per cent for senior citizens.
Mon, Feb 20, 2023
PNB FD Interest Rate 2023: According to the bank's official website, the increase FD rates are applicable from today, February 20.
Wed, Feb 08, 2023
ICICI Bank FD interest rate hike: The new interest rate is for FDs of more than Rs 2 crores and less than Rs 5 crores
Mon, Nov 25, 2019
Ranging from 8 per cent to whopping 9 per cent, Bank Fixed Deposit or bank FD returns are giving better returns than debt mutual fund schemes.
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