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Fixed Deposit

Ways to save income tax by investing in your child's name

2 min read

How do I handle my son’s financial institution accounts?

My son, who was employed in India until 31 July 2021, left for the US on 8 August 2021 for...

In contrast to a regular Fixed Deposit (FD), where the interest rate is fixed for the duration of the deposit, the interest rates applicable on floating rate fixed deposit are linked to the prevailing repo rate. (iStock)

4 min read

Should you put money into floating price fastened deposits amid rising rates of interest?

Investment returns for floating price FDs are based mostly on a reference price, such because the repo price of the...

With the latest hike, the policy repo rate has climbed to a whopping 225 basis points so far in FY23. Now, the repo rate is at 6.25%, the highest level since August 2018. (iStock)

4 min read

FD charges to get extra enticing? RBI’s 35 bps charge hike makes a case

However, this time, the transition of 35 foundation factors repo charge hike to FD charges is anticipated to be on...

2 min read

RBL Bank introduces particular FD charges with as much as 8.3% return

RBL Bank has elevated particular tenor mounted deposit (FD) charges, efficient 25 November, with the utmost price now set at...

Now, HDFC Bank is providing interest rates on fixed-term deposits (FDs) maturing in 7 days to 10 years that range from 3% to 6.25% for the general public and from 3.50% to 7.00% for senior citizens. (MINT_PRINT)

3 min read

HDFC Bank hikes fastened deposit (FD) rates of interest by as much as 35 bps

The main non-public sector lender HDFC Bank has hiked rates of interest on fastened deposits of lower than ₹2 Cr....

Ujjivan Small Finance Bank allows recurring deposits for a tenure ranging from 6 months to 120 months. (Twitter)

3 min read

Ujjivan SFB revises FD charges, now presents as much as 8.20% to non-senior residents

Ujjivan Small Finance Bank (SFB) has revised its rates of interest on its mounted deposit merchandise. As per the financial...

The NBFC also offers additional interest rate benefits to senior citizens, on renewal of FD, employees, and woman depositors. (iStock)

2 min read

This NBFC’s FDs has AA+ score; can earn most 10.41% returns on maturity

Shriram Transport Finance Company (STFC) is an NBFC which is offering enticing rates of interest on their fastened deposits. A...

Dollar FD rates near parity. Check SBI, HDFC, ICICI and AXIS bank details here

2 min read

Dollar FD charges close to parity. Check SBI, HDFC, ICICI and Axis financial institution particulars right here

Interest charges on US Dollar Deposits in FCNR (B ) accounts in India have historically been round 2-3%. However, they've...

Punjab National Bank will now offer a maximum interest rate of 7% to the general public, 7.50% to senior citizens and 7.80% to super senior citizens on deposits maturing in 600 days.

3 min read

Punjab National Bank (PNB) hikes mounted deposit (FD) charges by as much as 75 bps

The main public sector lender Punjab National Bank has hiked rates of interest by as much as 75 bps on...

At Utkarsh Small Finance Bank, deposits maturing in 700 days will now earn a maximum interest rate of 7.75% for the general public and 8.50% for senior citizens.

2 min read

SFB revises fastened deposit charges, now provides 8.50% return on a tenor of 700 days

Utkarsh Small Finance Bank (SFB) has revised rates of interest on fastened deposits of lower than ₹2 Cr. According to...

Shriram City Union Finance, a 35-year-old subsidiary of the Shriram Group, is a prominent non-banking finance company in India.

2 min read

Shriram City Union Finance raises fastened deposit rates of interest by as much as 25bps

Shriram City Union Finance Ltd. (Shriram City), one of many main Non-Banking Financial Company (NBFC), and a part of the...

Karur Vysya Bank will continue to give an interest rate of 5.90% on deposits maturing in 271 days to less than one year, while interest rates on deposits maturing in one year to less than two years have been raised by 20 basis points from 6.10% to 6.30%. (iStock)

2 min read

Karur Vysya Bank hikes mounted deposit rate of interest by as much as 40 bps: Details right here

The personal sector lender Karur Vysya Bank has hiked its rates of interest on mounted deposits of lower than ₹2...

The DCB NRI Suraksha Fixed Deposit, provides NRIs with attractive returns as well as free life insurance as per the amount of the fixed deposit. (Mint)

2 min read

This financial institution is providing ₹10 lakh insurance coverage cowl on fastened deposit

DCB Bank has relaunched its DCB Suraksha Fixed Deposit, it’s a hard and fast 3 12 months FD scheme that...

Dhanlaxmi Bank now offers deposits maturing in 7 days to 10 years at interest rates ranging from 3.25% to 6.10%.

2 min read

Dhanlaxmi Bank hikes fastened deposit rates of interest on 555 days to 10 years tenors

Dhanlaxmi Bank, a personal sector lender, has raised its rates of interest on retail fastened deposits of lower than ₹2...

FDs are the most traditional investment schemes available in India giving guaranteed returns and eliminating risks. (Mint)

3 min read

Mumbai-based financial institution affords inflation-beating fee of seven.5% on FDs

Thanks to multi-year excessive inflation, hedging actual returns in your hard-earned cash has turn into crucial. Due to excessive inflation,...

PNB HFL is now offering a maximum interest rate of 7.55% on fixed deposits with maturities between 36 and 47 months, much higher than the retail inflation rate of 7% noted in August 2022. (iStock)

2 min read

PNB Housing Finance revises mounted deposit rates of interest: Now stand up to 7.55%

PNB Housing Finance Limited (PNB Housing) a registered housing finance firm with National Housing Bank (NHB) has revised its rates...

IDFC First Bank is now offering an interest rate of 4.50% on deposits maturing in 91 - 180 days and the bank is now promising an interest rate of 5.75% on deposits maturing in 181 days – 1 year. On fixed deposits maturing in 1 year 1 day – 499 days (iStock)

2 min read

IDFC First Bank affords mounted deposit rates of interest of as much as 6.90%

On mounted deposits beneath ₹2 crore, the non-public sector lender IDFC First Bank final revised its rates of interest on...

Following the revision, the CSB Bank now offers an interest rate ranging from 3.00% to 6.00% on deposits maturing in 7 days to 10 years, but will only give a maximum interest rate of 7% on deposits that mature in 555 days.

2 min read

This 102-year-old non-public sector financial institution revises fastened deposit rates of interest

The oldest non-public sector financial institution in Kerala, CSB Bank Limited, which was based in 1920 as The Catholic Syrian...

Under the scheme, the bank offers an additional interest rate of 0.10% on FDs above 5 years tenure.

2 min read

ICICI Bank’s particular FDs to finish on 7 Oct, senior residents get further profit

ICICI Bank's particular fastened deposits scheme goes to finish on October 7. Under the scheme, the financial institution gives an...

Kotak Mahindra Bank presently offers interest rates for fixed deposits maturing in 7 days to 10 years that range from 2.50% to 6.10% for the general public and 3.00% to 6.60% for senior citizens. (MINT_PRINT)

2 min read

Kotak Mahindra Bank hikes fastened deposit rates of interest by 25 bps on these tenors

On fastened deposits underneath ₹2 crore, the personal sector lender Kotak Mahindra Bank has elevated rates of interest. The new...

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