Fixed Deposits for senior citizens: Public, private banks providing higher interest in December
2 weeks, 3 days ago

Fixed Deposits for senior citizens: Public, private banks providing higher interest in December

India TV News  

Fix deposit is among the most trusted investment policies for long terms. Most popular among the elder generations, the deposits are most secure and easily manageable through banks and post offices. Although the interest rates in fixed deposits have lowered in the past decade there are schemes offered by both the public sector and private banks which offer a handsome return over up to 8.5 per cent for senior citizens. FDs are most preferred for the senior citizens because most of the banks offer them 0.5 per cent higher interest that general deposit holders. List of public sector banks with higher interest Bank Highest interest Tenure Bank of Baroda 7.80 400 days Bank of India 7.80 400 days Bank of Maharashtra 7.85 333 days Central Bank of India 795 444 days Canara Bank 7.9 Between 3 to 5 years Indian Bank 7.80 1 year to 375 days Punjab National Bank 7.75 400 days Indian Overseas Bank 7.80 444 days Punjab & Sind Bank 7.95 555 days State Bank of India 7.75 444 days UCO Bank 7.55 444 days Union Bank of India 7.80 456 List of private sector banks with higher interest

India Bank Interest Senior Citizens Banks Higher Interest  private  interest  citizens  780  india  444  deposits  bank  sector  fixed  banks  public  higher  400  days  providing  senior

History of this topic

FD interest rates: These top 7 banks offer the highest rates on 5-year fixed deposits
1 day, 18 hours ago

FD interest rates: These top 7 banks offer the highest rates on 5-year fixed deposits

Live Mint  

At the time of opening a fixed deposit, it is recommended to compare the interest rates offered by different banks. Interest rates offered on five-year fixed deposits Bank Regular Senior citizens HDFC Bank 7 7.5 ICICI 7 7.5 Axis 7 7.75 Yes Bank 7.25 8 SBI 6.5 7.5 Bank of Baroda 6.8 7.4 PNB 6.5 7 As we can see …

Latest interest for public, private & small finance banks
Trending News
3 days, 3 hours ago

Latest interest for public, private & small finance banks

Live Mint  

Fixed deposits offer a reliable, consistent long-term investment return, making it a preferred choice among conservative investors. A fixed deposit provides higher interest rates than a savings account, making it an attractive option for conservative investors. Check out the high FD rates offered by small finance, private and public banks. The highest rate on fixed deposits is offered by Unity …

How to become rich with SBI’s New Recurring Deposit Scheme? EXPLAINED
5 days, 4 hours ago

How to become rich with SBI’s New Recurring Deposit Scheme? EXPLAINED

Live Mint  

How to become rich with SBI's New Recurring Deposit Scheme: State Bank of India, the country’s largest bank, has launched two new deposit schemes, Har Ghar Lakhpati and SBI Patrons, designed to provide customers with greater financial flexibility and enhanced value. How to become rich with SBI's new recurring deposit scheme? Recognising the widespread aspiration for financial security, ‘Har Ghar …

Punjab National Bank announces new FD rates: Earn up to 8.05% interest. Check PNB’s latest fixed deposit details here
Trending News
6 days, 2 hours ago

Punjab National Bank announces new FD rates: Earn up to 8.05% interest. Check PNB’s latest fixed deposit details here

Live Mint  

Punjab National Bank has revised its fixed deposit rates and added two new tenures for deposits of less than ₹3 crore. According to the latest update, Punjab National Bank offers fixed deposit interest rates ranging from 3.5 per cent to 7.25 per cent for tenures spanning 7 days to 10 years for general citizens. The highest interest rate of 7.25 …

New FD Rates: SBI vs Post Office fixed deposit interest rates compared. Where to invest?
1 week ago

New FD Rates: SBI vs Post Office fixed deposit interest rates compared. Where to invest?

Live Mint  

A fixed deposit promises to offer a reliable, consistent, long-term return on investments. SBI fixed deposits India's biggest bank, the State Bank of India, offers varying fixed deposit interest rates based on the duration of the deposit. A term deposit of one year will provide 6.8 per cent interest, 7 per cent for a two-year term deposit, and 6.75 per …

RBI’s New Year Gift: 6 things you need to know about the new NBFC fixed deposit (FD) rules. Details here
1 week, 2 days ago

RBI’s New Year Gift: 6 things you need to know about the new NBFC fixed deposit (FD) rules. Details here

Live Mint  

RBI's New Year Gift: Starting January 1, 2025, the banking sector will see changes, including new Reserve Bank of India guidelines for fixed deposits offered by Non-Banking Financial Companies and Housing Finance Companies. RBI's new fixed deposit guidelines for NBFCs and HFCs: Key changes from 1 January 2025 1)Small deposits may be paid to depositors ahead of schedule if the …

Are fixed deposits still the best bet for Indian investors?
1 week, 3 days ago

Are fixed deposits still the best bet for Indian investors?

India Today  

Fixed deposits have long been a preferred investment option for Indians, offering a sense of security, especially with public sector banks. FDs with PSU banks are considered the safest, followed by private scheduled banks and small finance banks, which offer higher interest rates but carry greater risks. RETURNS THAT BARELY KEEP UP While FDs provide fixed interest rates, their real …

Fixed deposit interest rates across banks: See list of FD rates up to 7.4%
1 week, 6 days ago

Fixed deposit interest rates across banks: See list of FD rates up to 7.4%

Hindustan Times  

A series of both private and public banks are offering interest rates between 6.80 and 7.40% on fixed deposits of amounts less than ₹3 crore and for a tenure of five years. This interest is calculated at quarterly compounding intervals on Term Deposits and paid at the rate decided by the bank depending upon the period of deposits. Bank name …

FD rates soar: Earn up to 7.4% with DCB, IndusInd, YES, Axis and other top banks
2 weeks ago

FD rates soar: Earn up to 7.4% with DCB, IndusInd, YES, Axis and other top banks

India Today  

Fixed deposits remain a go-to choice for Indian investors seeking stability and guaranteed returns. Amid rising interest rates, both private and government banks are offering appealing rates for general citizens on deposits under Rs 3 crore, particularly for five-year tenures. TOP BANKS OFFERING COMPETITIVE RATES For five-year fixed deposits, private and government banks are offering competitive interest rates: DCB Bank …

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits
2 weeks ago

FD interest rates: 6 banks offer highest rates on their long-term fixed deposits

Live Mint  

Prior to locking your money into a fixed deposit, it is recommended to compare the interest rates offered by different banks on their term deposits. Highest FD interest rates offered by banks: HDFC Bank: On a 3-year fixed deposit, this private lender offers 7 percent interest rate to regular citizens and 7.5 percent to senior citizens. Bank Regular Senior Citizens …

Best Bank FD rates: Earn nearly 9% interest on fixed deposits – Check revised rates from RBL, Equitas, Federal Bank, and
2 weeks, 5 days ago

Best Bank FD rates: Earn nearly 9% interest on fixed deposits – Check revised rates from RBL, Equitas, Federal Bank, and

Live Mint  

Bank FD rates: Several banks, including Federal Bank, RBL Bank, and Equitas, have revised their fixed deposit interest rates in December 2024. RBL Bank FD rates RBL Bank revised FD rates for amounts less than ₹3 crore, providing interest rates between 3.5 and 8% on FDs for general citizens and 8.5% on FDs for senior citizens. Tenure FD for general …

These 5 banks revise their fixed deposit interest rates: Check details
2 weeks, 5 days ago

These 5 banks revise their fixed deposit interest rates: Check details

Hindustan Times  

A number of banks have revised their fixed deposit interest rates in December 2024. Time Period Single Deposit Less than ₹ 3 crore Single Deposit Less than ₹ 3 crore 7 days to 29 days 3.00% 3.50% 30 days to 45 days 3.50% 4.00% 46 days to 180 days 5.50% 6.00% 181 days 6.50% 7.00% 182 days to 270 days …

RBI hikes rate ceilings on banks FCNR deposits to support foreign flows
1 month ago

RBI hikes rate ceilings on banks FCNR deposits to support foreign flows

Live Mint  

The Reserve Bank of India’s decision to increase the interest rate ceilings on foreign currency non-resident account, or FCNR, deposits is aimed at supporting foreign inflows into the country as the domestic currency battles devaluation pressures against the US dollar. Earlier, rates on FCNR deposits were subject to ceilings of overnight ARR for the respective currency/swap, plus 250 bps for …

Canara Bank revises fixed deposit rates. Check comparative FD rates of PNB, ICICI, HDFC, SBI, Union Bank
1 month ago

Canara Bank revises fixed deposit rates. Check comparative FD rates of PNB, ICICI, HDFC, SBI, Union Bank

Live Mint  

Canara Bank FD rates: Canara Bank's fixed deposit rates were revised on December 1, 2024. Those looking to invest in fixed deposits must carefully compare Canara Bank's revised FD rates with fixed deposit rates in Punjab National Bank, ICICI Bank, HDFC Bank, State Bank of India, Union Bank of India, etc. Canara Bank vs PNB vs ICICI vs SBI vs …

Indian Bank’s special fixed deposit scheme offering up to 8.05 percent to end on Nov 30. Check details
1 month, 1 week ago

Indian Bank’s special fixed deposit scheme offering up to 8.05 percent to end on Nov 30. Check details

Live Mint  

Indian Bank offers a special fixed deposit that offers upto 8.05 percent for super senior citizens. Category Interest rate Public 7.3% Senior citizens 7.8% Super senior citizens 8.05% The other scheme IND Supreme 300 offers interest rate upto 7.80 percent. Category Interest Rate Public 7.05% Senior citizens 7.55% Super senior citizens 7.80% For other duration deposits, bank offers these interest …

Fixed Deposits for senior citizens: Check top private banks offering highest interest rates | Full list
1 month, 1 week ago

Fixed Deposits for senior citizens: Check top private banks offering highest interest rates | Full list

India TV News  

Fixed Deposits for senior citizens: For investors prioritising the safety of their funds, Fixed Deposits remain a preferred investment option. Private banks currently offer attractive interest rates for senior citizens, providing an extra 0.25 per cent to 0.50 per cent interest over standard rates. List of private banks offering maximum interest to senior citizens on FDs: Bank Interest rate for …

Best Bank FD Rates: Earn up to 8.25% on fixed deposits
1 month, 2 weeks ago

Best Bank FD Rates: Earn up to 8.25% on fixed deposits

Live Mint  

Fixed deposits offer a reliable, consistent long-term return on investments. Starting November 5 onwards, the interest rates will range from 3.25 per cent to 7.75 per cent. For senior citizens, interest on their fixed deposits will be in the range of 3.75 per cent to 8.25 per cent. The bank will give the highest interest on the tenure of 18 …

Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024
1 month, 3 weeks ago

Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024

India TV News  

Fixed Deposits have always been a trusted investment option for senior citizens as these FDs offer good returns with high security. Senior Citizen FDs also offer higher interest rates and additional benefits, making them a popular choice among retirees. Senior Citizen FDs: Check details Banks and NBFCs are offering Senior Citizen Fixed Deposits exclusively for individuals aged 60 and above. …

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared
1 month, 3 weeks ago

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Live Mint  

Saving is a vital part of life, whether for retirement or building an emergency fund. Here, we compare the most recent interest rates for Post Office Fixed Deposits, Sukanya Samriddhi Yojana, and PPF. Sukanya Samriddhi Yojana latest interest rates Sukanya Samriddhi account is a popular savings option for Indian parents of daughters. Post Office Fixed Deposit's latest interest rates The …

FD interest rates: Here’s what is on offer by HDFC Bank, SBI, ICICI, Canara & more — compare who is offering most
1 month, 3 weeks ago

FD interest rates: Here’s what is on offer by HDFC Bank, SBI, ICICI, Canara & more — compare who is offering most

Live Mint  

India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit interest rates, and it is thus recommended that you compare most options available before making an investment. Private Banks' FD Rates India's largest private lender, HDFC Bank, is offering FD interest rates between 6.60-7.00 per cent for all customers and between 7,10-7.50 …

FD interest rates: These 7 banks offer highest interest on their 1-year-FDs
1 month, 3 weeks ago

FD interest rates: These 7 banks offer highest interest on their 1-year-FDs

Live Mint  

Before opening a fixed deposit account, depositors typically compare the interest rates offered by banks on their fixed deposits. Kotak Mahindra Bank: It offers 7.1 percent to general citizens and 7.6 percent on one-year fixed deposits to senior citizens with effect from June 14. Federal Bank: It offers 6.8 percent to general citizens and 7.3 percent to senior citizens on …

Top Banks Offering 8.75% Interest for Senior Citizens: Here’s What You Need to Know!
1 month, 3 weeks ago

Top Banks Offering 8.75% Interest for Senior Citizens: Here’s What You Need to Know!

ABP News  

If you are a senior citizen or know someone who is and is considering investing in fixed deposits for their retirement, this video is a must-watch! In this video, I will be sharing information about some banks that offer interest rates as high as 8.75% on fixed deposits for senior citizens. Many banks have special schemes for senior citizens, offering …

FD interest rates: Top 7 banks offering highest returns on 3-year fixed deposits
2 months ago

FD interest rates: Top 7 banks offering highest returns on 3-year fixed deposits

India TV News  

Before investing in a fixed deposit, comparing interest rates across savings accounts can help maximize returns. Private banks’ interest rates for depositors ICICI Bank offers interest rates of 7% for the general public and 7.5% for senior citizens. Kotak Mahindra Bank offers similar rates of 7% for the general public and a slightly higher rate of 7.6% for senior citizens, …

FD interest rates: These 7 banks offer highest interest on their fixed deposits
2 months ago

FD interest rates: These 7 banks offer highest interest on their fixed deposits

Live Mint  

If you are planning to lock your savings in a fixed deposit, it is reasonable to check the interest rates offered by different banks. Highest fixed deposit interest rates by top 7 banks HDFC Bank: The private bank offers 7.40 percent interest on its fixed deposit with tenure between 4 years 7 months to 55 months to regular depositors. ICICI …

Top NBFCs Offering High Interest Rates on FDs During Festive Season
2 months, 1 week ago

Top NBFCs Offering High Interest Rates on FDs During Festive Season

India TV News  

A list of Non-Banking Financial Companies (NBFCs) offering high interest rates on fixed deposits during the festive season has been compiled. The interest rates range from 7.00% to 8.18%, with some NBFCs offering additional benefits to senior citizens such as an additional 0.25% interest rate. The article highlights that the interest rates offered by NBFCs are higher than those offered …

FD interest rates: Top 8 banks offer highest rates on their 3-year fixed deposits
2 months, 2 weeks ago

FD interest rates: Top 8 banks offer highest rates on their 3-year fixed deposits

Live Mint  

FD interest rates: Most banks typically offer a higher rate of interest on their long-term fixed deposits whereas they offer a lower rate when the FD tenure is short. {{^adFree}} {{/adFree}} ICICI Bank offers 7 percent and 7.5 percent to general citizens and senior citizens on its 3-year fixed deposits. Bank General Citizens Senior Citizens HDFC Bank 7 7.5 ICICI …

Want to do FD? Know which govt bank offers highest interest rate on fixed deposits
4 months, 4 weeks ago

Want to do FD? Know which govt bank offers highest interest rate on fixed deposits

India TV News  

Fixed deposits: In the past two months, several public sector banks have adjusted their fixed deposit interest rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. This scheme offers an attractive interest rate of 7.25 per cent per annum on FDs with …

FD interest rate up to 9.5%: These banks offer over 9% interest rate on fixed deposits for senior citizens
8 months, 3 weeks ago

FD interest rate up to 9.5%: These banks offer over 9% interest rate on fixed deposits for senior citizens

Hindustan Times  

Planning and investing money rationally is very important, especially in old age. ACCORDING TO THE PAISABAZAAR DATA, HERE IS THE LIST OF BANKS OFFERING FD INTEREST RATES FOR SENIOR CITIZENS: Axis Bank is offering an interest of 7.85% for the tenure of 17 months to less than 18 months, 7.2% for 1st year tenure, 7.6% for 2nd year tenure and …

Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank
9 months ago

Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank

Live Mint  

Bank of India revises FD rates: BOI has updated its fixed deposit interest rates for deposits below ₹2 crore. Bank of India latest FD rates For deposits maturing between 7 days and 45 days, the Bank of India is offering an interest rate of 3%. Bank of India revises FD rates Deposits maturing in 1 year to less than 2 …

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison
10 months, 1 week ago

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison

Live Mint  

Small savings schemes are financial instruments managed by the Central government to encourage households to inculcate the habit of saving. A lowdown on small savings scheme Post Office Savings Account: It can be opened by making a minimum deposit of ₹500 while minimum withdrawal amount is ₹50. The interest rate offered is 4 percent per annum on individual/ joint accounts …

PNB Housing Finance rolls out exclusive 8.30% FD interest rates for senior citizens
10 months, 2 weeks ago

PNB Housing Finance rolls out exclusive 8.30% FD interest rates for senior citizens

Live Mint  

On February 19, 2024, PNB Housing Finance introduced a time-limited promotion for its fixed deposits, featuring interest rates of up to 8.30 per cent specifically tailored for senior citizens. The revised FD interest rates are set at 8 per cent per annum for individuals below 60 years of age and 8.30 per cent per annum for senior citizens with a …

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison
10 months, 3 weeks ago

HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison

News 18  

HDFC Bank Vs SBI Vs ICICI Bank FD Rates: Fixed-income instruments, like small savings schemes, bank FD and G-Sec, have been a sought-after route for those investors who are looking for a stable return with low risk. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year. …

IndusInd Bank revises fixed deposit rates. Check latest FD interest rates here
11 months ago

IndusInd Bank revises fixed deposit rates. Check latest FD interest rates here

Live Mint  

The private sector lender IndusInd Bank has revised its interest rates on fixed deposits of less than ₹2 crore Following the revision, the bank is now offering interest rates ranging from 3.50% to 7.75% for the general public and 4% to 8.25% for senior citizens. According to the IndusInd Bank's official website, these rates are effective from 6 February 2024. …

These banks have revised fixed deposit interest rates in January 2024
11 months, 2 weeks ago

These banks have revised fixed deposit interest rates in January 2024

Live Mint  

Several banks in India have hiked or revised interest rates on fixed deposits in January 2024, including Punjab National Bank, Bank of Baroda, Union Bank of India, Kotak Mahindra Bank, and Federal Bank. Karnataka Bank latest FD rates Karnataka Bank offers interest rates between 3.5% to 7.25% for amounts below ₹2 crore for general citizens. Federal Bank latest FD rates …

FD rate hikes: Latest fixed deposit rates by 6 major lenders including SBI, HDFC Bank and ICICI Bank
1 year ago

FD rate hikes: Latest fixed deposit rates by 6 major lenders including SBI, HDFC Bank and ICICI Bank

Live Mint  

A number of banks have raised their fixed deposit interest rates while a few have introduced special schemes for offering higher rates of interest. Bank of India, for instance, has introduced Super Special Fixed Deposit with an interest rate of 7.5 percent per annum for deposits ranging from ₹2 to ₹50 crore and has a fixed maturity period of 175 …

Up to 7.50% FD interest rate: BOI launches super special fixed deposit scheme
1 year ago

Up to 7.50% FD interest rate: BOI launches super special fixed deposit scheme

Live Mint  

Bank of India has introduced Super Special Fixed Deposit with an incredibly enticing interest rate of 7.50% per annum. The Super Special Fixed Deposit offers an excellent opportunity for High Net Worth Individuals and Corporates to invest their surplus funds for the short term. On the other hand, super senior citizens aged 80 years and above will be eligible for …

Up to 7.50% FD interest rate: BOI launches super special fixed deposit scheme
1 year ago

Up to 7.50% FD interest rate: BOI launches super special fixed deposit scheme

Live Mint  

Bank of India has introduced Super Special Fixed Deposit with an incredibly enticing interest rate of 7.50% per annum. The Super Special Fixed Deposit offers an excellent opportunity for High Net Worth Individuals and Corporates to invest their surplus funds for the short term. On the other hand, super senior citizens aged 80 years and above will be eligible for …

SBI, Bank of Baroda, Kotak Mahindra among 7 banks that hiked fixed deposit rates
1 year ago

SBI, Bank of Baroda, Kotak Mahindra among 7 banks that hiked fixed deposit rates

Live Mint  

Several banks in India have hiked interest rates on fixed deposits in December 2023, including Bank of Baroda, State Bank of India, Union Bank of India, DCB Bank, Kotak Mahindra Bank, Federal Bank, and Bank of India. The Reserve Bank of India maintains the key repo rate at 6.5 per cent for the fifth consecutive time in the December 8 …

Bank of Baroda, Union Bank hike fixed deposit interest rates. Details here
1 year ago

Bank of Baroda, Union Bank hike fixed deposit interest rates. Details here

Live Mint  

Bank of Baroda has hiked interest rates on retail term deposits from 10 basis points to up to 125 basis points on various maturity buckets.These rates are applicable on deposits below ₹2 crore with effect from today, December 29. 7D to 14D 4.25% 15D to 45D 4.50% 46D to 90D 5.50% 91D to 180D 5.60% 181D to 210D 5.75% 211D …

Jammu and Kashmir Bank hikes fixed deposit rates. Check latest FD rates here
1 year, 1 month ago

Jammu and Kashmir Bank hikes fixed deposit rates. Check latest FD rates here

Live Mint  

Jammu and Kashmir Bank offers a variety of financial services which include term deposits, also known as Fixed Deposits. After the latest hike, J&K Bank is offering an interest rate of 3.5% on deposits maturing in seven days to 45 days, 4.6% on 46 days to 90 days, and 4.75% on FDs maturing in 91 days to 180 days. On …

SBI Vs PNB Vs ICICI Bank: Check Detailed Comparison of Latest FD Interest Rates
1 year, 2 months ago

SBI Vs PNB Vs ICICI Bank: Check Detailed Comparison of Latest FD Interest Rates

News 18  

SBI Vs PNB Vs ICICI Bank FD Interest Rates: The interest rates in the country are at elevated levels with both loans and deposits currently being costlier. ICICI Bank is offering up to 7.60 per cent annual interest rates on FD, depending upon deposit tenure and depositor’s age. SBI is offering FD rates up to 7.50 per cent annually and …

Not SBI, this public sector bank offers higher FD interest rates; check details
1 year, 2 months ago

Not SBI, this public sector bank offers higher FD interest rates; check details

News 18  

The State Bank of India, the largest public sector bank in the country, is often the first choice for Indians to open Fixed Deposits. To make things easier for investors, we have curated a list of public sector banks that offer best FD interest rates for a 3-year term. Bank of Baroda Bank of Baroda is currently offering the highest …

Senior citizens savings scheme collection spikes, PPF rates remain same
1 year, 2 months ago

Senior citizens savings scheme collection spikes, PPF rates remain same

Live Mint  

Total collections made under small savings schemes witnessed a jump in September quarter, with deposits for the Senior Citizens Savings Scheme rising nearly 2.5 times year-on-year to ₹74,675 crore, reported Indian Express. The interest rate for Senior Citizens Savings Scheme was raised to 8.2 per cent from 8 per cent in June quarter this year and has been kept unchanged …

Your Questions Answered: Why do fixed deposits with a 3-year tenure offer the highest rate of interest?
1 year, 3 months ago

Your Questions Answered: Why do fixed deposits with a 3-year tenure offer the highest rate of interest?

Live Mint  

Q. I am a 62-year-old retired Colonel of the Indian Army, my wife is a housewife and both of my children are financially independent. In India, fixed deposits with a tenure of around 3 years typically offer the highest interest rates. By offering higher interest rates on fixed deposits with a tenure of around 3 years, banks can attract more …

HDFC Bank to IndusInd Bank: These three banks have revised FD rates
1 year, 3 months ago

HDFC Bank to IndusInd Bank: These three banks have revised FD rates

Live Mint  

HDFC Bank has reduced fixed deposit interest rates on select tenures. Apart from HDFC Bank, IndusInd Bank, Punjab & Sindh Bank have also revised FD interest rates on their term deposits. IndusInd Bank revises FD rates The private sector lender IndusInd Bank has revised its interest rates on fixed deposits of less than ₹2 crore Following the revision, the bank …

Canara Bank was top lender to public sector cos in FY23
1 year, 5 months ago

Canara Bank was top lender to public sector cos in FY23

Live Mint  

Public Sector Banks lent ₹4.12 trillion to state-backed corporations and public sector undertakings during 2022-23, down from ₹4.93 trillion during the previous year, finance minister Nirmala Sitharaman informed Parliament in a written response on Monday. Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that Canara Bank led the lending during 2022-23 to government backed …

High bank fixed deposit (FD) interest rates may not last for long. Here is why
1 year, 6 months ago

High bank fixed deposit (FD) interest rates may not last for long. Here is why

Live Mint  

The era of rising fixed deposit rates may be drawing to a close, and the withdrawal of ₹2000 currency notes from circulation is believed to be a significant factor. Various macroeconomic indicators suggest that FD interest rates are approaching their peak in the current cycle of interest rate hikes. “If the financial sector receives an excess of liquidity during the …

Bank Of Baroda Revises FD Interest Rates; How It Compares To SBI, HDFC Bank, ICIC Bank
1 year, 7 months ago

Bank Of Baroda Revises FD Interest Rates; How It Compares To SBI, HDFC Bank, ICIC Bank

News 18  

Bank of Baroda has revised its interest rates on fixed deposits. Bank of Baroda has hiked rates by 30 basis points on select tenors and customers can now enjoy up to 7.25 percent interest on term deposits below Rs 2 crore. Bank of Baroda’s revised interest rates: The lender is offering 3 percent interest on tenors of 7 to 45 …

Suryoday Small Finance Bank hikes interest rate on fixed deposits for senior citizens
1 year, 8 months ago

Suryoday Small Finance Bank hikes interest rate on fixed deposits for senior citizens

Firstpost  

In a great piece of news for senior citizen depositors, the Suryoday Small Finance Bank has revised the interest rates for fixed deposits from 4.5% to as high as 9.6%. Suryoday Bank : Revised FD interest rates - In the case of 1-year FDs, the bank is offering an interest of 6.85% to general customers and an interest of 7.35% …

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