After the revision, the bank offers interest rates between 3.25% to 7.75% to general citizens. For senior citizens, the bank offers 3.75% to 8.25%, according to the Yes Bank website.
Company FDs are unsecured investments that offer a fixed return. Corporate FDs pay higher interest than bank FDs, usually 0.75 per cent to 1.5 per cent higher. Senior citizens can even earn additional interest rates of 0.25 per cent to 0.5 per cent, depending on the company. At present, many AAA-rated company FDs offer interest rates of more than 8 per cent. So, what factors you should keep in mind while investing in corporate FDs. ET Wealth explains
After the revision, Axis Bank offers interest rates between 3.5% and 7.10% on tenures ranging from 7 days to 10 years. The new FD rate is effective from August 28, 2023, according to the Axis Bank website.
Fixed Deposit Interest Rate: DCB Bank slashed interest rates on its fixed deposits by up to 50 basis points this month. Among other banks, Axis Bank, Bank of India, Punjab National Bank (PNB) and IndusInd Bank have also cut interest on fixed deposits recently. RBI paused the benchmark repo rate for the third consecutive time in the August Monetary Policy Committee (MPC) meeting. With the dream run of interest rate hikes on FDs almost coming to an end, how should you invest in FDs now?
You will get an interest rate of 8.5 per cent on FDs maturing in 444 days with Equitas Small Finance Bank. On FDs maturing in 444 days, senior citizens will get an interest rate of 9 per cent. Know how much interest rate Equitas Small Finance Bank offers general public FDs and senior citizens FDs