Page 3 - Abank Fd News Today

Investors must ensure returns beat inflation; Indian retail inflation rate in July 2023 was 7.44%; bank FDs and PPF do not produce inflation-beating returns

HDFC Bank Vs PNB Vs ICICI Bank: HDFC Bank is offering FD interest rates up to 7.75% annually, ICICI Bank is offering up to 7.60% and PNB is giving up to 7.75% a year; check bank FD interest rates comparison in details

Compare latest FD interest rates of HDFC, ICICI, and PNB for deposits below Rs 2 crore.

Latest FD rates compared: HDFC, SBI, and ICICI offer high interest options for depositors under Rs 2 Crore.

Banks increase fixed deposit rates, offering higher interest to depositors including senior citizens.

RBI has decided to hold the policy repo rate for the third consecutive time in its monetary policy meeting held on August 10. Prior to this the central bank had raised the repo rate by 2.5% since 2022 however banks were yet to transmit the full hike to fixed deposit investors when interest rate cycle seems to be taking a turn. What should FD investors do now?

Bank FD vs NSC: The National Saving Certificate (NSC) offers a higher interest rate of 7.7% compared to banks FD rates of 3% to 7.25%. NSC is a low-risk investment backed by the government, while FD rates vary

Investors should conduct proper risk analysis before choosing a mutual fund. Flexi-cap funds have been performing well, with top options including JM Flexicap, HDFC Flexi Cap, and ICICI Prudential Flexicap

FD interest rates: If you want to invest in fixed deposits, the following banks have lowered their interest rates.

Experts also said that another pause in the repo rate hike cycle is expected from the monetary policy committee on June 8.