Ever since RBI slashed repo rate last month, banks have been revising their fixed deposit interest rates. After State Bank of India (SBI) and IDBI Bank, the banks which have revised their fixed deposit interest rates are Bank of Baroda (BOB) and Kotak Mahindra Bank. Now, Bank of Baroda offers an interest in the range … Read more
Before opening a fixed deposit, it is recommended to compare the fixed deposit (FD) interest rates offered by different banks. Lately, most commercial banks have slashed their interest on deposits as well as on advances. Here we list out the interest rates they offer on 1-year deposits as well as highest interest they offer on … Read more
IDBI Bank has discontinued Utsav FD with tenures of 300 days and 375 days from April 16, 2025. The validity of the remaining special tenures has, meanwhile, been extended until June 30, 2025. In a tenure of 444 days, IDBI Bank has cut fixed deposit interest rates from 7.35 to 7.25 percent per annum. In … Read more
Within a week of Reserve Bank of India (RBI) cutting its repo rate by 25 basis points, the largest bank in India – State Bank of India (SBI) – has cut its interest rate on fixed deposits (FDs) by 10 basis points. On an FD of one year, SBI has cut fixed deposit (FD) by … Read more
If you are planning to open a fixed deposit (FD) with a bank, it is recommended to compare the interest rates offered by different banks. Although most banks offer similar interest rates on their term deposits, even a marginal difference can help you save more. For instance, if you receive an extra 50 basis points … Read more
Fixed deposits (FDs) are considered to provide reliable, consistent long-term investment returns. They are especially beneficial for conservative investors who avoid taking risks. Certain small finance banks in India offer FD interest rates of over 9%, which is relatively higher than those of public, private, and foreign banks. Here are the latest FD rates for … Read more
When you are planning to open a fixed deposit, it is recommended to compare the interest rates offered by different banks so that you can choose the one which offers the highest one. Typically, a long tenure fixed deposit offers a higher interest rate. We list out the interest rates offered on 3-year term deposits … Read more
At the time of opening a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Importantly, some banks have started to slash their rates in the wake of RBI cutting benchmark repo rate after nearly five-year hiatus. Even a tiny difference – say of 50 basis points– can lead … Read more
Prior to investing in a fixed deposit, investors often compare interest offered by different banks. One might argue that most banks — more or less – offer similar, if not same, interest on their term deposits. However, one must understand that a difference of 50 basis points over a long period of time can increase … Read more