Fixed Deposit Interest: - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Mon, 29 Aug 2022 05:15:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Fixed Deposit Interest: - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Fixed Deposit Interest: FD rates of these banks increased, know who will pay how much interest https://www.rightsofemployees.com/fixed-deposit-interest-fd-rates-of-these-banks-increased-know-who-will-pay-how-much-interest/ Mon, 29 Aug 2022 08:03:04 +0000 https://www.rightsofemployees.com/?p=3125 Fixed Deposit Interest : The Reserve Bank of India (RBI) has recently increased the repo rate. After this, many banks have announced an increase in interest rates on fixed deposits. Many big public and private banks have already increased the interest rates on FDs, so that customers will get more interest on their deposits. Let’s […]

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]]> Fixed Deposit Interest : The Reserve Bank of India (RBI) has recently increased the repo rate. After this, many banks have announced an increase in interest rates on fixed deposits.

Many big public and private banks have already increased the interest rates on FDs, so that customers will get more interest on their deposits. Let’s know which bank will earn you how much on fixed deposit-

Bank of Baroda special FD

Bank of Baroda recently announced a special fixed deposit scheme – Baroda Tiranga Deposit Scheme. It offers 5.75% p.a. interest for 444 days and 6.00% interest for deposits of 555 days. This scheme will be open till 31st December.

PNB FD Interest Rate

Punjab National Bank (PNB) is offering 6.10% interest on deposits for 405 days from 19th August. The public sector bank has also reduced the rate on deposits maturing in one year to 5.50%.

ICICI Bank FD Rate Change

ICICI Bank has also recently changed the fixed deposit rates for retail customers from one year to five years. The bank is offering interest ranging from 5.5% to 6.1% on a tenure of 1-5 years.

HDFC Bank FD Rate Hiked

HDFC Bank has also increased FD rates. The private sector bank is now offering the highest interest rate of 6.10% on deposits below Rs 2 crore for 3 to 5 years. Senior citizens will get an additional 0.6% interest on FDs of the same tenor.

Ujjivan Small Finance Bank FD Rate Hike

Ujjivan Small Finance Bank also increased the interest rates on fixed deposits with effect from August 9, 2022. It is now offering 7.5% interest on deposits in three tenors – 75 weeks, 75 months and 990 days.

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]]> Fixed Deposit Interest: Are you also investing in FD, keep these things in mind, this is the right way https://www.rightsofemployees.com/fixed-deposit-interest-are-you-also-investing-in-fd-keep-these-things-in-mind-this-is-the-right-way/ Sat, 06 Aug 2022 10:25:38 +0000 https://www.rightsofemployees.com/?p=1921 FD Personal Finance Investment: Reserve Bank of India has increased the repo rate by 0.90 percent twice in the last months. After which banks have increased the interest rates on fixed deposits. As a result, interest rates have increased. Now the biggest question in front of investors is whether this is the right time to invest in FD. You can […]

The post Fixed Deposit Interest: Are you also investing in FD, keep these things in mind, this is the right way first appeared on Rightsofemployees.com.

]]> FD Personal Finance Investment: Reserve Bank of India has increased the repo rate by 0.90 percent twice in the last months. After which banks have increased the interest rates on fixed deposits. As a result, interest rates have increased. Now the biggest question in front of investors is whether this is the right time to invest in FD. You can understand in this news.

Invest it?
You can invest in Small Savings Schemes, FDs, Target Maturity Funds, Fixed Maturity Plans, Debt Funds.

This is the interest rate on investment

Scheme Interest Rate
FD 5.5%
Debt Fund 5.25%-5.45%
PPF 7.1%
SSY 7.6%
KVP 6.9%
SCSS 7.4%

small savings scheme

  • better interest rate than bank deposit
  • Benefits under section 80C
  • Tax exemption on investment up to ₹1.5 lakh
  • Long lock-in period, low liquidity
  • SSY for girls up to 10 years
  • SSY- Sukanya Samriddhi Yojana
  • SCSS – For citizens above 60 years
  • SCSS-Senior Citizen Saving Scheme
  • EEE benefit in PPF, SSY

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