Fixed Deposit
Latest news, explainers and analysis on Fixed Deposit. Tracking 16 stories on Arth Vani.
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Latest on Fixed Deposit
RBI Mandates Daily Interest Rate Disclosure for Bulk FDs from October 1
The Reserve Bank of India (RBI) has announced new rules for bulk fixed deposits (FDs), effective October 1. Banks must now publicly disclose interest rates for FDs valued at ₹3 crore and above daily by 10 AM, enhancing transparency in this segment of the deposit market.
FD Rules Change October 1: What Indian Savers Need to Know
New rules for Fixed Deposits (FDs) will take effect from October 1, impacting how banks handle unclaimed deposits and interest payments. Savers should be aware of these changes to ensure their funds are managed correctly.
BreakingCalls Grow to Address Tax Anomaly on Bank Fixed Deposit Interest
A recent report by Deccan Herald highlights ongoing discussions about rectifying a long-standing tax anomaly concerning interest earned on bank Fixed Deposits (FDs). The anomaly refers to how FD interest is taxed at an investor's slab rate, often leading to a situation where real returns after inflation and taxes can be negative, particularly for middle-income and senior citizen savers.
BreakingRBI to Change Bulk FD Rules from October 1: What Depositors & Banks Need to Know
The Reserve Bank of India (RBI) will implement new rules for bulk Fixed Deposits (FDs) starting October 1, 2024. These changes are expected to impact both individual depositors and banking institutions, with specific details yet to be announced.
Viral Claim Circulates: ₹50,000 FD for Third Child; Verification Needed
A headline suggesting a ₹50,000 Fixed Deposit for families with a third child is circulating online. However, specific official details about such a government scheme, including its origin, eligibility, and application process, are currently unverified. Readers are strongly advised to check official government sources for any such claims.
555-Day FDs: City Union Bank, Karnataka Bank Highlight Importance of Rate Comparison
Fixed Deposits (FDs) with a unique 555-day tenure from City Union Bank and Karnataka Bank have been highlighted in a comparison by Business Today. While specific interest rates for these FDs were not provided in the raw source material for this report, the situation underscores the crucial need for Indian retail investors to actively compare rates from different banks to maximize their returns.
BreakingAllahabad HC Orders SBI to Immediately Refund ₹19.90 Lakh to Widow for Debited FD
The Allahabad High Court has directed the State Bank of India (SBI) to promptly refund ₹19.90 lakh that was debited from a widow's Fixed Deposit (FD). This ruling underscores the judiciary's role in protecting customer funds and holding banks accountable for unauthorised transactions.
PSU Bank FD Rates Stay Below 7%: SBI, PNB, BoB, Bank of India Reviewed
Fixed Deposit (FD) interest rates offered by major Public Sector Undertaking (PSU) banks, including SBI, PNB, BoB, and Bank of India, continue to remain below the 7% mark. A recent analysis compared the offerings from these banks to identify the top rates available for retail depositors.
New LaunchBreakingHawkins Cookers Opens Fixed Deposit Scheme on Sept 16
Hawkins Cookers Limited is launching a public fixed deposit (FD) scheme on September 16, 2024. The company has announced interest rates for various tenures, with the highest offering for longer deposit periods. This presents an opportunity for retail investors seeking fixed-income returns.
Senior Citizen FDs: Report Suggests Up to 8.50% Interest by 2026
A report from The Economic Times indicates that senior citizens could potentially see fixed deposit interest rates reach up to 8.50% by the year 2026. The original article reportedly detailed top rates from both PSU and private banks, though specific details were not provided in the raw source material.
Chennai Metro Ad Comparing FD Rates to Girlfriend's '0% Interest' Sparks Row
A controversial advertisement by Chennai Metro, suggesting a girlfriend might offer 0% interest compared to Fixed Deposits, has drawn sharp criticism. The ad has sparked debate online and drawn objections from a Member of Parliament.
Bank of Baroda's 555-Day FD: What You Need to Know to Maximize Your Earnings
Bank of Baroda (BoB) offers a special 555-day fixed deposit, a popular choice among savers for its fixed tenure and potential for competitive returns. While specific interest rates for this product are dynamic and must be verified directly with the bank, understanding its features can help retail investors plan their savings effectively.
Bank of Baroda's 555-Day FD: Earn Up To 7.90% Interest for Senior Citizens
Bank of Baroda (BoB) is offering an attractive interest rate of up to 7.90% on its special 555-day fixed deposit (FD) scheme for senior citizens. General customers can earn up to 7.40% on this specific tenure. This scheme provides a competitive return for those looking to invest in fixed-income instruments.
BreakingPost Office Fixed Deposits: Earn Up to 7.5% Interest Annually
India Post offers attractive interest rates on its Term Deposits (TDs), with the 5-year TD yielding 7.5% per annum. A deposit of ₹5 lakh can grow to approximately ₹7.25 lakh over five years, considering compounding.
BreakingSenior Citizens Can Earn Up To 8.50% on FDs in August 2026
Several small finance banks are offering attractive Fixed Deposit (FD) rates for senior citizens, with some reaching up to 8.50% for deposits maturing in August 2026. Key banks include Equitas SFB, Shivalik SFB, Jana SFB, Ujjivan SFB, ESAF SFB, and Suryoday SFB.
Shriram Finance Hikes FD Rates: Senior Citizens Can Earn Up to 8% Annually
Shriram Finance Limited has increased its fixed deposit interest rates, effective July 2, 2026. Senior citizens can now benefit from an attractive annual interest rate of 8% on specific fixed deposit tenures, while regular depositors will receive up to 7.50%.
Bond / FD returns and credit ratings are indicative and subject to issuer credit risk and interest-rate risk. Verify current terms with the issuer. Some listings may be sponsored. Not investment advice.