WHAT IS A FIXED DEPOSIT?
Fixed Deposit
Fixed deposit (FD) is one of the safest investment options through which people can earn relatively higher interest in comparison to a regular savings account. Interest is accumulated on the deposited amount over a fixed period of time. The interest rate depends on the type of lenders (public sector, private sector, or small finance banks). Senior citizens are usually offered higher interest rates. In the case of an emergency, you can easily liquidate your FD and get the funds.
Read More..LATEST UPDATES ON FIXED DEPOSIT
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Employee union urges Bank of Maharashtra to hike rates on term deposits
Company is losing balances in savings as well as fixed deposits to competitors, it says| January 10, 2023, Tuesday -
Sundaram Finance to revise interest rate on term deposits from Jan 1
Non-banking finance company Sundaram Finance would revise interest rate on its term deposits with effect from January 1, the ...| December 31, 2022, Saturday -
Bank of Baroda hikes MCLR up to 30 basis effective December 12
The revised rates will be effective from December 12| December 09, 2022, Friday -
Time still not ripe for investors to bet on long-duration debt funds
Lock into one-two year FDs and continue laddering, say experts| December 07, 2022, Wednesday -
Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps
Revised rates applicable on fresh deposits and renewals| November 22, 2022, Tuesday -
Special FD rates, while attractive, lose the medium to long-term race
While you may begin allocating to them, keep some powder dry as rates could rise further| November 09, 2022, Wednesday -
Bandhan Bank offers 7.5% interest rate on retail FDs for limited period
Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more| November 07, 2022, Monday -
State Bank of India, IDBI Bank hike retail fixed deposit rates
For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier| October 21, 2022, Friday -
Three-five-year gilts are attractive in current times, say experts
For tax-efficient exposure, go for target maturity funds maturing in 2026-2028| October 21, 2022, Friday -
Days of delivering sub-par returns may soon come to an end for debt funds
The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future| October 19, 2022, Wednesday
