Fixed Deposit interest rates

444-day special fixed deposits: Here’s a comparison of returns in SBI, Indian Overseas Bank, Federal Bank

by
444-day special fixed deposits: Here’s a comparison of returns in SBI, Indian Overseas Bank, Federal Bank

Many banks have introduced special fixed deposit (FD) schemes with competitive interest rates in recent years to attract investors. These limited-time schemes provide depositors, particularly senior citizens, with the chance to increase their returns compared to traditional FDs. Special FDs operate like regular term deposits but offer higher interest rates for a specific period. Leading … Read more

Money, taxes: UAN activation last date, tax-saving deadline — check March’s financial calendar 

by
Money, taxes: UAN activation last date, tax-saving deadline — check March’s financial calendar 

As March 2025 approaches, significant financial deadlines demand the attention of investors and taxpayers alike. Among these, the Employees’ Provident Fund Organisation (EPFO) has granted an extension for activating the Universal Account Number (UAN) and seeding Aadhaar with bank accounts until 15th March 2025.  This extension, crucial for accessing benefits under the Employee-Linked Incentive (ELI) … Read more

Revised fixed deposit rates: Canara Bank, Karnataka Bank, YES Bank revise FD rates ahead of RBI MPC meet

by
Revised fixed deposit rates: Canara Bank, Karnataka Bank, YES Bank revise FD rates ahead of RBI MPC meet

FD rates: Ahead of the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee’s (MPC) meeting this week, some of the public and private banks have revised their fixed deposit rates. The Repo Rate established by the Reserve Bank of India (RBI) plays a significant role in influencing Fixed Deposit (FD) rates. It dictates the … Read more