Fixed deposits (FDs) are a safe investment option, especially now. Many senior citizens are interested in them, but knowing which bank offers the highest interest rates is essential. Let’s explore which banks currently provide the best interest rates for a 3-year fixed deposit. While other investment avenues like shares and mutual funds can grow your … Read more
Great news for those interested in making bank deposits! Here are the top 7 banks offering the highest interest rates. A three-year term deposit scheme offering an impressive 9.5% interest rate is available to senior citizens. Let’s take a look at the list of these banks. Many retired individuals keep some of their savings in … Read more
Are you considering making a fixed deposit? Banks like SBI, HDFC, and ICICI offer competitive fixed deposit (FD) interest rates. These banks compete with one another to attract customers and provide higher returns. This article will detail the different periods for fixed deposits these banks offer and how you can maximize your income. Investing in … Read more
Check the New GPF Interest Rate from here. If you’re a government employee in India, you’re probably familiar with the General Provident Fund (GPF). It’s a savings scheme in which you contribute a portion of your salary regularly, and the government adds interest to it. This interest is a reward for saving your money. Introduction: … Read more
Many individuals seeking stable returns without risk invest in fixed deposits. Several non-banking financial institutions, including banks and post offices, offer fixed deposits. However, most people prefer to invest in well-established banks like the State Bank of India (SBI). Before depositing your money in SBI, you should know a few things. SBI has recently revised … Read more
Post offices offer several popular schemes, including significant benefits for senior citizens. One such scheme allows you to receive a monthly income of 20,000 rupees or more. This guaranteed fixed income is substantial for retirees to cover their basic expenses. The scheme, known as the Senior Citizen Savings Scheme, is available specifically for individuals over … Read more
One crucial decision when choosing a home loan is between fixed and floating interest rates. Each type has pros and cons, and understanding the differences is key to making an informed decision. This knowledge empowers you to choose the best option for your financial situation. Fixed Interest Rate on Home Loans: A fixed interest rate, … Read more
Agricultural loans are essential for farmers, and around 75 percent of the loans from rural banks are for agriculture. Farmers can benefit from comprehensive information when taking crop loans. Crop Loan Interest: Interest on crop loans is usually lower, around 7 percent, compared to other types of loans. Crop Loan Renewal: Farmers can benefit from … Read more
Are you considering buying a new car and thinking about getting a loan from a bank? Opting for a low-interest rate loan can decrease the interest burden. What would be the monthly EMI if you borrow Rs. 5 lakh for a car? Also, which banks offer low interest rates? This is a list of banks … Read more
IDBI Bank, one of the leading private sector banks in the country, has recently announced an increase in interest rates on domestic fixed deposits below Rs 3 crore, effective August 15, 2024. The bank currently offers interest rates ranging from 3.00% to 7.35% for general customers and 3.50% to 7.85% for senior citizens on deposits … Read more