fixed deposit rates

Bank deposit rates are poised for an increase as certificate of deposit (CD) rates surged in May due to tighter liquidity and higher demand for funds. One-year CD rates jumped to 7.70%, signaling that banks are facing pressure to attract deposits, which could soon translate to higher retail rates.

One, reduce or scrap tax on foreign capital, to get it out of flight mode. That will shore up rupee also. Two, end tax disparity between bank deposits and capital gains, to lower lending rates

Every crisis reminds us that markets can swing like a pendulum between greed and fear. Fixed income offers comfort in those phases and does its job as a stabiliser.

IDFC FIRST Bank launched a Business Multiplier Credit Card for entrepreneurs, addressing the gap in credit access for startups. Issued against a fixed deposit, the secured card offers a lower interest rate, zero forex markup, and a 100% credit limit, simplifying financial management for small businesses.

The week begins with financial gains and fulfilled desires, offering a strong start. While Tuesday brings balance, midweek presents opportunities for investment and social connection. However, Thursday and Friday introduce challenges with increased expenses and lower moods, before Saturday concludes with a sense of accomplishment and renewed capability.

After more than a century on 27.3 acres of prime Safdarjung Road land, Delhi Gymkhana Club faces a June 5, 2026 eviction deadline as the Centre moves to reclaim the property for defence, governance and public-security needs.

Highest bid followed by Rs 86k & Rs 85k/sqm to convert residential properties into guesthouses

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

Gen Z is navigating a complex financial landscape, balancing early earning and investing with impulsive spending and trend-driven bets. While digitally savvy and embracing new tools, they often overlook essential safety nets like insurance. Experts urge a shift from quick gains to disciplined, long-term wealth building, splitting finances strategically for stability.

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

The Uttar Pradesh Madhyamik Shiksha Parishad has opened the 2026 scrutiny window for Class 10 and 12, allowing students to challenge marks until May 17. With a fee of Rs 500 per subject and a strict offline payment system, the Board has warned that incomplete or delayed applications will be rejected, despite strong pass percentages reported by Mahendra Dev.

As heatwaves intensify, renting cooling appliances offers a practical solution. Whether opting for an AC or a cooler, careful vendor selection, unit inspection, and understanding maintenance policies are crucial. Matching capacity to room size and considering energy ratings significantly impact comfort and cost. Renting provides flexibility, but informed choices prevent costly mistakes.

Aimed at increasing city’s green cover; security deposit has to be paid to the Authority before map approval

Parents in Chandigarh and Lucknow are voicing distress over exorbitant school book costs, with one parent highlighting a Rs 9,000 bill for Class 2 materials. Allegations of fixed vendors and a lack of choice are widespread, sparking outrage online. The issue transcends affordability, raising concerns about transparency and accountability from schools and the Education Department.

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is rising, independent control over financial decisions, particularly tax planning, is still developing. Younger women show greater comfort with digital platforms and goal-based investing. This shift signifies a growing financial awareness and engagement across the nation.

Several banks, including SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, and Capital Bank Small Finance Bank, have adjusted their fixed deposit interest rates in May.

Several leading Indian banks are offering attractive returns on special fixed deposit (FD) schemes with a 444-day tenure. State Bank of India, Indian Bank, Bank of Baroda, IDBI Bank, and Canara Bank are among those providing competitive interest rates for general, senior, and super senior citizens.

Fixed deposits (FDs) let individuals invest a specific amount for a chosen tenure, with top banks offering competitive one-year FD rates. Investors looking to generate additional income through fixed deposits have a wide range of options available.

With recent FD rate reductions, opportunities remain in special 444-day deposit schemes. Several banks, including ESAF Small Finance Bank, offer competitive rates, reaching up to 8.10% for senior citizens. These schemes provide a chance to secure higher returns before further rate declines, but investors should consider early withdrawal penalties and TDS implications.

Fundamentally, foreign exchange reserves tell us about a country’s ability to service its external debt. The more robust the cover, the better a country’s position of economic strength. So how strong is India placed in terms of foreign exchange reserves?

High fixed deposit rates persist as RBI maintains repo rate at 6.5%. Uncertainty surrounds the duration of elevated rates. Investors advised to monitor rate changes closely for optimal FD investment strategies.

State-owned Bank of India today announced increasing fixed deposit rates of select maturities by up to 0.75 percentage point.

SBI raises fixed deposit interest rates for retail and bulk deposits, with a significant increase for senior citizens. Rates go up by 75 bps for deposits below Rs 2 crore.

Banks are offering better deposit rates to attract customers amid liquidity shortages. IDBI Bank launched a scheme for individuals aged 80 and above, with higher interest rates. Similarly, Bank of Baroda introduced a liquid fixed deposit scheme allowing withdrawals in units of Rs 1,000, with extra benefits for seniors.