Banks offering up to 9 per cent return on Senior Citizen Fixed Deposit; But is your investment safe?
Senior Citizen Fixed Deposit Interest Rate: Senior citizens often tend to invest in an instrument that is risk-free and yields a better return. Of all the traditional investment options, fixed deposit is one of the most trusted options by senior citizens. Recently, not only public sector banks but private lenders have also revised their interest rates on fixed deposits including SBI, HDFC, ICICI Bank, Bank of Baroda and Union Bank of India. While nationalised banks offer a return of up to 7.5 per cent on fixed deposits, Small Finance Banks (SFBs) offer a return of up to 9 per cent on fixed deposits. These SFBs include Ujjival Small Finance Bank, Utkarsh Small Finance Bank, Jana Small Finance Bank, and Fincare Small Finance Bank.
Nov 26, 2022, 15:03 PM IST
FD with Rs 10 lakh life insurance cover: THIS bank offers 7.1 percent interest rate on 3-year fixed deposit
DCB Bank Suraksha Fixed Deposit scheme has dual benefits - one is free life insurance coverage and other is higher interest rate for shorter period.
Oct 14, 2022, 09:05 AM IST
Good news! Kotak Mahindra Bank hikes FD interest rates; check latest fixed deposit rates
Kotak Mahindra Bank has increased the interest rates on FD schemes with varying maturity periods.
Apr 14, 2022, 14:10 PM IST
Axis Bank introduces digital fixed deposit: No penalty on premature withdrawals, attractive rates
Investors can open their digital FD accounts via video KYC (Know Your Customer) verification while sitting at their homes.
Feb 11, 2022, 10:39 AM IST
Kotak Mahindra Bank increases fixed deposit rates; check latest FD interest rates
Kotak Mahindra Bank has increased the interest rate on fixed deposits (FD). The new rates are effective from January 6, 2022.
Jan 12, 2022, 15:41 PM IST
Should you invest in equity even after retirement?
The best way to keep your money growing is to invest in equity in a measured, de-risked and tax-efficient way.
Jan 08, 2018, 14:19 PM IST
