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Kolkata-based UCO Bank has informed its customers that it is giving 30 basis points (bps) higher rate of interest on the bank’s Fixed Deposits. It is only for those who have taken their COVID-19 vaccination. But there is a catch. The tenure for this UCO Bank FD is 999 days.
Updated Apr 13, 2021 | 06:20 IST Here are five investment options where senior citizens can park their hard-earned savings to get a regular income at high interest rates. Representational image
New Delhi: Investors looking for fixed regular income on their capital have been the worst hit in this falling interest rate scenario. While top banks offer maximum 6% to senior citizens on their fixed deposits with a tenure between 5-10 years, post office small savings schemes provide relatively higher rate. However, investment experts believe that the current high rates on small savings schemes may not sustain further and it is just a matter of time that the government cuts interest rates on these schemes although for the current April-June quarter the interest rates cut was reversed. Under this scenario, here are five investment options where senior citizens can park their hard-earned savings to get a regular income
Under the Central Bank of India's Immune India Deposit Scheme, all citizens who have received Covid-19 vaccine will get higher interest on fixed deposits. Vaccinated senior citizens are eligible for an additional 25 bps. Here is all you need to know:
The US dollar has got appreciated by over 1.5% in comparison to Indian rupee since 7 April 2021 when the Reserve Bank of India (RBI) in its meeting had announced that It would continue to make available additional liquidity of around Rs1 lakh per quarter during the current financial year for purchasing bonds through open market operations.