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 ...

RBI recently cut down repo rate by 50 basis points, so there is an expectation that banks would bring down the interest rates ...

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 ...

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 ...

(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.

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 ...

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 ...

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 ...

The scheme offers an additional 0.65 per cent interest above the standard fixed deposit rates. The interest rates under this scheme include 8.05 per cent for a 555-day tenure, 7.9 per cent for 375 ...