While the rate cut may prompt banks to lower loan interest rates, it could also reduce fixed deposit rates, affecting customers, including senior citizens. The repo rate increase or decrease has a ...

The 25 bps cut is expected to prompt banks to decrease their lending rates, making loans more affordable for borrowers. However, this move may also result in a decrease in fixed deposit interest ...

Benefits of being a super senior citizen include eligibility for higher interest rates on deposits compared to both senior and non-senior citizens. Many banks offer an extra 0.5% to 0.75% above ...

(Pixabay) High-interest rate fixed deposits for super senior citizens ... SBI has also introduced ‘SBI Patrons,’ a specialized Term Deposit scheme for seniors 80 years and above.

Image Source : PIXABAY Choose the locking period of your FD wisely. Fixed deposits or FDs are generally used to invest a lump sum amount as it keeps the money safe while giving a fixed return ...

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

The Federal Bank has revised its fixed deposit interest rates starting Jan 10, 2025. Now this private bank offers up to 8 percent interest rate per annum on its FDs. The highest interest rate is ...

SBI latest FD rates for senior citizens: State Bank of India (SBI) is the largest banking and financial services organisation in India. The country's largest lender offers several fixed deposit ...

It acts as a guide for banks on the interest rates they should offer. When the repo rate is raised, banks increase their fixed deposit rates to attract more depositors. Conversely, a rate cut ...

Similarly, the State Bank of India has introduced a new variant of Term Deposit ... fixed deposits offer safety and guaranteed returns. Super senior citizens earn higher interest rates compared ...

Macquarie Bank will now offer customers a one-year fixed rate of 5.55 per cent for owner-occupiers paying principal and interest assuming they have at least a 30 per cent deposit. For owner ...