 "What is a Fixed Deposit?")
Fixed Deposit
What is a Fixed Deposit?
Fixed deposit (FD) is one of the safest investment options through which people can earn relatively higher interest in comparison to a regular savings account. Interest is accumulated on the deposited amount over a fixed period of time. The interest rate depends on the type of lenders (public sector, private sector, or small finance banks). Senior citizens are usually offered higher interest rates. In the case of an emergency, you can easily liquidate your FD and get the funds.
The tenures in fixed deposit schemes are flexible. Investors can choose the tenure according to their convenience.
Once the amount has been deposited
...Read More
Latest Updates on Fixed Deposit
Post office saving schemes compete with bank FDs after 3 rate hikes by govt
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity
 "Post office saving schemes compete with bank FDs after 3 rate hikes by govt")
Fixed deposit interest rates to go up again? RBI hits at another hike
In the bulletin, the RBI said that the Indian economy is unlikely to face any major repercussions from the ongoing global financial turmoil
 "Fixed deposit interest rates to go up again? RBI hits at another hike")
Employee union urges Bank of Maharashtra to hike rates on term deposits
Company is losing balances in savings as well as fixed deposits to competitors, it says
 "Employee union urges Bank of Maharashtra to hike rates on term deposits")
Sundaram Finance to revise interest rate on term deposits from Jan 1
The rate on 12-month deposit would be increased to 7.20%, 7.50% for a tenure of 24 months and for 36 months it would be 7.50%
 "Sundaram Finance to revise interest rate on term deposits from Jan 1")
Bank of Baroda hikes MCLR up to 30 basis effective December 12
The revised rates will be effective from December 12
 "Bank of Baroda hikes MCLR up to 30 basis effective December 12")
Time still not ripe for investors to bet on long-duration debt funds
Lock into one-two year FDs and continue laddering, say experts
 "Time still not ripe for investors to bet on long-duration debt funds")
Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps
Revised rates applicable on fresh deposits and renewals
 "Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps")
Special FD rates, while attractive, lose the medium to long-term race
While you may begin allocating to them, keep some powder dry as rates could rise further
 "Special FD rates, while attractive, lose the medium to long-term race")
Bandhan Bank offers 7.5% interest rate on retail FDs for limited period
Rate applicable to both fresh deposits and renewals of up to Rs 2 crore for a tenure of 600 days, seniors to get 0.5% more
 "Bandhan Bank offers 7.5% interest rate on retail FDs for limited period")
State Bank of India, IDBI Bank hike retail fixed deposit rates
For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier
 "State Bank of India, IDBI Bank hike retail fixed deposit rates")
Three-five-year gilts are attractive in current times, say experts
For tax-efficient exposure, go for TMFs maturing in 2026-2028
 "Three-five-year gilts are attractive in current times, say experts")
Days of delivering sub-par returns may soon come to an end for debt funds
The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future
 "Days of delivering sub-par returns may soon come to an end for debt funds")
Why this is not the time to take on very long-term fixed deposit investment
For periods longer than 3 years, it is a good idea to explore debt mutual funds that offer indexation benefits and lower the tax outgo
 "Why this is not the time to take on very long-term fixed deposit investment")
Equities, gold, FDs: Where should you invest as global headwinds blow?
The sharp reversal in the interest rate regime by global central banks and high inflation has eroded returns from equities. Where should an investor, with a surplus investable amount, put their money?
 "Equities, gold, FDs: Where should you invest as global headwinds blow?")
Even foreign nationals have right to personal liberty: Huawei chief to HC
Court permits Xiongwei Li to travel abroad after providing a FDR of Rs 5 crore
 "Even foreign nationals have right to personal liberty: Huawei chief to HC")
Begin locking into best FD rates available, take limited exposure to SFBs
Since predicting peak rate is impossible, deploy in tranches over the next few months
Cattle smuggling: CBI freezes Rs 17-cr FDs belonging to Anubrata, family
The CBI on Wednesday visited Mondal's Nichupatti residence in Bolpur to question his daughter but left within 10 minutes after Sukanya refused to talk to them.
 "Cattle smuggling: CBI freezes Rs 17-cr FDs belonging to Anubrata, family")
Ladder your fixed deposits to avoid the risk of reinvestment: Experts
Debt fund investors should keep the bulk of their investments in shorter-duration funds, 10-20% in longer-duration ones
 "Ladder your fixed deposits to avoid the risk of reinvestment: Experts")
Wish to shun market volatility? Go for insurers' assured return plans
Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free
 "Wish to shun market volatility? Go for insurers' assured return plans")
Returns on small savings remain attractive despite no rate reviews
Investors who want to avoid their long lock-in can choose from a host of other high credit quality options
