Fixed Deposits

This government bank offers over 7% on fixed deposits; check rates here

Furthermore, for FDs with a tenure of 5 years and above to 10 years, the interest rate is 7 percent for the general public and 7.5 percent for senior citizens

PNB offers 80 bps extra to these senior citizens on fixed deposits; know more here

If a super senior citizen prematurely withdraws a fixed deposit, then a penal interest will be levied

Unity Bank introduces special FD scheme with lucrative interest rate; details here

Recently, the interest rates on callable and non-callable bulk deposits (deposits greater than Rs. 2 crores) were also changed at Unity Bank

Kotak Mahindra Bank revises fixed deposit interest rates; check latest rates here

As per Kotak Mahindra Bank’s website, you can open a fixed deposit with a minimum of Rs 5,000. Furthermore, for FDs with tenure below 181 days, the interest will be calculate as simple interest

ICICI Bank hikes fixed deposit interest rates on these tenures; check list here

It must be kept in mind that the interest rate on fixed term deposits is different for senior citizens. Furthermore, these rates are subject to change without prior notice

How much penalty is applicable if you break your fixed deposits before maturity? Find out here

While different banks have different penalty rates, the fee typically ranges between 0.5 and 1 percent of the interest

Innovation in the business of investing in India: An overview

While keeping aside a few thousand rupees from the monthly income was a regular habit, investing it for wealth management wasn’t a priority

These tax saving fixed deposits promise over 8% returns to senior citizens; details here

Before investing in the scheme, you must note that the tax-saver fixed deposits have a lock-in period of 5 years

These 3 banks are offering attractive FD schemes for senior citizens; details here

Some banks have introduced new FD schemes for senior citizens, which can enable them to earn up to 8.15 percent interest on their deposits.

IDFC and other private banks offering up to 7 percent interest for senior citizens on three-year FDs; check list here

The Reserve Bank of India (RBI) has maintained the key repo rate unchanged at a 4 percent low, following which many banks have reduced their interest rates on FD