Thu, Nov 21, 2024
If you are planning for a 3-year fixed deposit (FD) but are confused about which banks to opt for. Here, you will find a comparison of the interest rates of 3-year FD from banks such as State Bank of India (SBI), Bank of Baroda (BoB), and Canara Bank. This scheme is for both general and senior citizens. Therefore, take a look and then plan accordingly.
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Thu, Nov 14, 2024
A 3-year fixed deposit (FD) can be a good option for investors who don’t want return immediately, but want it in the short term only. Or, a guaranteed option that can help them get monthly income for 3 years if they opt for it. Thus, before investing individuals must compare interest rates offered by different banks and small banks. In this context, we will compare a 3-year FD of State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) to find out what general and senior citizens will get after investing Rs 6 lakh in each FD.
Wed, Nov 06, 2024
Compare 1 year fixed deposit (FD) of State Bank of India (SBI), Punjab National Bank (PNB), and Central Bank to find out what will be the maturity amount on Rs 7 lakh investment for general and senior citizens.
Mon, Aug 05, 2024
Investing in fixed deposits is a reliable way to secure and grow your savings. With competitive bank FD interest rates, you can earn a substantial return over a chosen tenure, ranging from 7 days to 10 years. Interest is accrued on the principal and paid back at the end of the tenure. Here we have the latest fixed deposit (FD) interest rates that SBI, PNB, HDFC, ICICI, BOI, BOB, Axis and Canara bank are offering.
Wed, Jul 31, 2024
Check highest interest rates and tenures for major banks, emphasising the safety and guaranteed returns of FDs for general and senior citizens.
Tue, Jul 30, 2024
Senior citizens benefit from slightly higher interest rates through Senior Citizen Fixed Deposit schemes. However, the interest rates for senior citizens can vary based on several factors, with the tenure being one of the most important considerations.
Thu, Jul 25, 2024
An overview of how the Auto Sweep Facility enhances savings returns without locking funds away.
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.
Mon, Jul 22, 2024
Here’s a look at the returns you can expect from a Rs 1,00,000 FD at SBI, PNB, Canara Bank and the Post Office.
Thu, Jul 18, 2024
If you are also planning to invest in this scheme, then here we also tell you the options of deposit schemes running in other banks. In these banks, you will get interest as much as SBI's Amrit Vrishti Scheme in just 400 days deposit scheme. At the same time, super senior citizens can get special benefits. Know the details of some such schemes here.
Tue, Jul 16, 2024
Post office FD offers 1-year, 2-year, 3-year, and 5-year FDs at different interest rates. The 5-year FD provides income tax benefits up to Rs 1.50 lakh in a financial year.
Fri, Jul 12, 2024
SBI Senior Citizen FD Scheme: The bank offers an extra interest rate to senior citizens compared to general citizens. Investment in the 5-year FD also provides tax benefits under Section 80C of the Income Tax Act, 1961, in this non-market-linked scheme.
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.
Wed, Jul 03, 2024
FDs provide income certainty and capital protection, making them especially appealing to new and conservative investors. These features also make FDs an ideal choice for achieving short-term financial goals and managing emergency and post-retirement funds. Here are some of the highest interest rates currently offered by SBI, PNB, Bank of Baroda, Canara, HFDC bank, ICICI bank and Axis bank.
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:
Fri, Jun 28, 2024
Other than bank fixed deposits, investors can consider parking corpus in low duration funds for better and inflation-beating returns.
SBI Senior Citizen FD Interest Rates: When you cross the retirement age, what may you need to run your daily expenses? It is most likely self-reliance, where you don't have to ask for money for your old-age expenses.
Mon, Jun 17, 2024
From Senior Citizen Savings Scheme (SCSS) to Monthly Income Scheme (MIS), here’s a look at the top 7 schemes currently offering the highest returns, along with their interest rates, investment limits, eligibility criteria, and other essential details.
Wed, Jun 12, 2024
A fixed deposit (FD) involves depositing a lump sum of money at a fixed interest rate for a predetermined duration, ensuring assured returns. Here are the current fixed deposit rates for the State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, HDFC Bank, and ICICI Bank:
Tue, Jun 11, 2024
SBI 5-year tax saver FD gives a guaranteed return and tax exemption on deposits. One can get tax relaxation of up to Rs 1.50 lakh on deposits in a financial year in the SBI FD scheme. The FD has a lock-in period of five years.
Mon, Jun 10, 2024
Seniors have the flexibility to withdraw interest at their convenience, be it monthly, quarterly, half-yearly, or annually, providing a reliable source of income to cover expenses and attain financial independence in their later years. Major banks in India actively promote FD investments among seniors, offering them preferential interest rates compared to the general populace. Institutions such as the State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, HDFC Bank, and ICICI Bank are among those extending higher interest rates to senior citizens.
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.
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