To maximize returns on FD investments, evaluate the duration of the FD, consider implementing a ladder strategy with varying maturities, compare interest rates from different banks, and be aware of early withdrawal penalties.
Interest rate on fixed deposit vary depending on the amount and tenure. Here are 5 banks offering the highest interest rate of 7.25% on amounts below Rs 2 crore for general citizens.
RBI has decided to hold the policy repo rate for the third consecutive time in its monetary policy meeting held on August 10. Prior to this the central bank had raised the repo rate by 2.5% since 2022 however banks were yet to transmit the full hike to fixed deposit investors when interest rate cycle seems to be taking a turn. What should FD investors do now?
State Bank of India (SBI) has extended its special 400 day fixed deposit scheme. This special FD offers an interest rate of 7.1% for regular customers and 7.6% for senior citizens.
Investors in term deposits are now unsure as to whether interest rates for FDs have reached their peak in the present cycle or if it will take some time