fixed deposit – The News Desk

High Fixed Deposit Rates: If fixed deposits are your go to investment avenue, then the RBI monetary policy meet has good news for you. RBI governor Shaktikanta Das announced that the MPC has decided to keep the repo rate unchanged at 6.5%. This means that the higher interest rates offered by banks on FDs are unlikely to come down anytime soon.The last time RBI raised the repo rate was in February 2023, from 6.25% to 6.5%.This overall increase of 2.5% since the start of the repo rate hike cycle in May 2022 pushed fixed deposit interest rates to their highest level in the past 4-5 years. With the repo rate remaining unchanged now, depositors can continue to benefit from these high FD interest rates for a while longer.But how long will this period continue? Will the opportunity for depositor...

Reported By: Mohammad HarisLast Updated: September 16, 2023, 16:06 ISTA comparison of the latest FD interest rates of PNB, HDFC Bank and SBI on deposits below Rs 2 crore.HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age. SBI is offering FD rates up to 7.50 per cent annually and PNB is giving up to 7.75 per cent a yearSBI Vs PNB Vs HDFC Bank FD Interest Rates: Even as the interest rates in the economy are currently prevailing at higher levels, fixed deposits that earlier used to offer returns below the inflation rate now look attractive. Bank FDs are also offering interest rates as high as 7.75 per cent.A fixed deposit is a fixed-income instrument that gives returns based on the interest rates it offers.HDFC Bank is offering ...

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High FD rates of 8-9%: What should fixed deposit investors do as RBI keeps repo rate unchanged? | India Business News

Bank FD: SBI Vs PNB Vs HDFC Bank; Check Detailed Comparison of Latest Fixed Deposit Interest Rates