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With the new rates coming into effect, overnight MCLR is 8.10 percent against 8.05 percent earlier. The 3-month MCLR is now 8.45 percent against 8.40 percent earlier. The six-month MCLR is 8.65 per cent against 8.60 percent earlie
Senior citizens can earn another 50 basis points, while women investors earn an additional 10 basis points, taking the maximum rate to 9.4% for a woman senior citizen.
Senior citizens can earn another 50 basis points, while women investors earn an additional 10 basis points, taking the maximum rate to 9.4% for a woman senior citizen.
A lot of banks are offering high interest rates of 7-9% p.a. range on fixed deposits of various tenures. The rates are expected to go down in the second half of 2024. Hence, this is a good time to allocate some money from the debt portfolio to FDs at current high rates.
Best tax-saving FDs: Here is a look at 5 banks offering the highest interest rates on tax-saving FDs.