India Business News: State Bank of India (SBI) has prolonged the availability of its Amrit Kalash special fixed deposit (FD) scheme, providing an opportunity for investors to benefit from higher interest rates, especially designed for retail customers including senior citizens.
Financial Literacy News: Fixed deposit interest rates: Interest income from FDs is fully taxable and contributes to your overall tax obligation. Since FD interest is considere
HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age; ICICI Bank is offering FD rates up to 7.75 per cent, SBI is giving up to 7.50 per cent a year
5 banks offering up to 9% FD interest rates: Here s a look at small finance banks that provide relatively high-interest rates for regular fixed deposits.
Senior Citizens Fixed Deposits Interest Rates: Fixed deposits are a popular investment choice for many, especially senior citizens looking for stable returns on their savings. Banks often offer higher interest rates for senior citizen fixed deposits compared to regular ones, making it an attractive option for retirees or those nearing retirement. We take a look at some small finance banks that are currently offering high interest rates of 9% or above on fixed deposits for senior citizens: