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India Business News: FD rates: Analysts predict that deposit rates in India will stay elevated due to strong credit growth, tight liquidity, and fierce competition for fun
Punjab National Bank has decided to hike its fixed deposit rates on amounts below ₹2 crore. Here is how it compares with other banks.
India Business News: MUMBAI: Bajaj Finance has hiked interest rates on its fixed deposits by 25 basis points by introducing a 42-month deposit with an interest rate of 8.
The government has hiked the interest rates of a few small savings schemes for the fourth quarter of fiscal year 2023-24, which will be effective from January 1, 2024 to March 31, 2024.
FD investors have rejoicing the current high interest rate which rose significantly in 2022 and 2023 however 2024 see a reversal of interest rate cycle and experts feel that there may be a repo rate cut by 0.5% or more. This means you have only a small window to book fixed deposits at current higher interest rates.