Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

For generations, fixed deposits (FDs) have been India’s preferred financial security blanket, offering stability in an ever-evolving financial landscape. In 2023, Indians had over ₹103 trillion locked in FDs – a massive vote of confidence in an investment option that has stood the test of time. While FDs have weathered India’s socio-economic shifts for over … Read more

Liquid Plus FD: Jana Small Finance Bank launches new fixed deposit schemes at 6.75% interest rate

Liquid Plus FD: Jana Small Finance Bank launches new fixed deposit schemes at 6.75% interest rate

Jana Small Finance Bank has floated a new FD scheme — Liquid Plus Fixed Deposit — at an interest rate of 6.75% per annum for tenures ranging from 7 to 180 days. The rate is applicable to a minimum deposit of Rs 10 lakhs for retail deposits up to Rs 3 crore, and for bulk … Read more