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IndusInd Bank offers the highest 3-year FD rate at 6.65 percent, while SBI and other banks offer rates between 6.25-6.6 percent, with returns calculated for a Rs 1 lakh investment.
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Top banks offering high interest rates on one-year fixed deposits include IndusInd Bank at 7 percent, while Kotak Mahindra Bank and Bank of Baroda offer a rate of 6.60 percent per annum, based on data from BankBazaar.
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Top banks offering highest NRE fixed deposit interest rates include IndusInd Bank at 6.75 percent, and HDFC Bank, ICICI Bank, Axis Bank and SBI at 6.6 percent for one-year tenure, providing secure investment options.
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Dream Money enables people to buy gold or set up a SIP on a daily or monthly basis, starting from Rs 10. It also offers fixed deposit investments from Rs 1,000.
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Small Finance Banks offer higher interest rates on fixed deposits compared to traditional banks. Suryoday Small Finance Bank tops the list at 7.75 percent
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Top banks offer a wide range of interest rates on one-year FDs, with the highest from IndusInd Bank at 7%, Axis Bank at 6.60%, followed by varying rates for investors.
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NRE fixed deposits offer tax-free returns and full repatriation, with top banks like Punjab National Bank (6.8%) and IndusInd Bank (6.75%) offering competitive interest rates for NRIs.
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IndusInd Bank offers the highest interest rate among private banks at 6.75%, while Canara Bank tops public sector banks with 6.5%
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Banks offering the highest interest rates on 1-year fixed deposits include IndusInd Bank at 7% and Punjab National Bank at 6.8%, with varying returns on Rs 1 lakh investment.
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IndusInd Bank tops private banks with a 6.75% interest rate on five-year FDs, while Canara Bank leads public sector banks with 6.5%
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Utkarsh Small Finance Bank and Jana Small Finance Bank top the list of banks that offer interest rates of 7.25-8.5 percent to elderly depositors.
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RBI's 100 bps repo rate cut has led banks to lower FD interest rates. Here are 15 banks offering the highest returns on fixed deposits, with Suryoday Small Finance Bank topping the list.
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The RBI's 50 basis-point repo rate cut to 5.5% may lead to lower fixed deposit rates, prompting depositors to adopt strategies like laddering and consider alternatives for better returns.
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The Union Wellness Deposit scheme combines a 6.75% interest rate FD with a complimentary Rs 5-lakh super top-up health insurance cover for deposits of over Rs 10 lakh.
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Banks have cut fixed deposit interest rates following the RBI’s repo rate reduction, but some still offer attractive three-year FD rates of up to 7.75 percent for the general public and 8.25 percent for senior citizens.
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SBI's Patrons Fixed Deposit Scheme offers super senior citizens (80+) an additional 10 basis points interest, but its rates are relatively low compared to other SBI schemes and bank FDs for some tenure FDs.
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These schemes offer higher interest rates, benefiting conservative investors and senior citizens. They help banks manage liquidity and asset-liability mismatches.
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Senior Citizen FD Interest Rates: Experts recommend that conservative senior citizens can secure a stable income stream by investing in FDs for a longer tenure to fetch a higher rate of interest. A delay may lead to a potential decrease in the rate, they warn.
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FD Interest Rates: Experts say that risk-averse investors should lock in high fixed deposit rates now, as they're expected to decline in the coming months.
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The deadline to invest in special FD schemes of SBI, IDBI and Indian Bank ends on September 30. These FDs are popular with risk-averse investors and senior citizens because of their higher interest rates.
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Small finance banks top the list of entities that offer the highest interest rates on short-term fixed deposits.
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These limited period fixed deposit schemes with shorter terms are ideal for conservative or risk-averse investors looking for assured returns within a relatively short period. If the interest rate is above 7 percent, risk-averse investors can consider the schemes.
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Tax Saving Fixed Deposit: HDFC Bank, ICICI Bank and State Bank of India offer interest rates between 7 and 6.5 percent on tax-saving FDs.
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Public sector banks top the list of entities that offer the highest interest rates on short-term fixed deposits.
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Approximately 90 percent of SIP money flows into equity. While equity creates wealth over the long term, debt helps stabilise and diversify, while also growing your corpus, albeit at a slower rate than equity.
