Private sector lender HDFC Bank has launched two special fixed deposits offering higher interest rates which will be available for a limited period, as per the lender’s website. aaa
When it comes to investing in India, bank fixed deposits (FDs) continue to be the most popular investment option. The fixed deposit (FD) interest rates have been rising since May 2022. Not only salaried class, or senior citizens, even millennials are in investing in term deposits. Watch Business Today s Visual Story on the latest FD rates and best schemes available.
NBFC major Bajaj Finserv has hiked interest rates on term deposits by 40 basis points. While general investors can earn an interest rate of up to 8.35 per cent at maturity, senior citizens can earn up to 8.60 per cent, for a fixed deposit starting at Rs 15,000 up to Rs 5 crore. The changes are with effective from 10 May 2023. aaa
Several banks have revised their interest rates and are offering attractive inflation-beating fixed deposit rates. Senior citizens are offered a wide range of benefits under FD schemes, besides the additional 0.50 per cent interest rate that most banks offer. Watch Business Today s to look at some of the best FD schemes currently available for senior citizens.
Bank FD interest rates 2023 senior citizens in sbi hdfc axis and small finance banks: Banks are offering up to 9.50 pc returns on Fixed Deposits, higher than PPF, SCSS, Sukanya Samriddhi, other post office schemes | Full guide to highest fd interest rates, calculator in Utkarsh Bank, Equitas bank and unity small finance bank, Personal Finance News, Times Now