Fri, Apr 26, 2024
A lot of senior citizens want guaranteed income on their investments. That's why they don't want to invest their money in market-linked scheme. SBI fixed deposit (FD) schemes are popular among senior citizens as these investment plans give them some extra interest rate than they provide to general citizens.
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Wed, Apr 17, 2024
Banks such as State Bank of India (SBI), Bank of Baroda (BoB), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and Canara Bank offer up to 7.75% interest rate on 5-year FDs to senior citizens, as per Paisabazaar.com data.
Sat, Apr 13, 2024
5-year NSC vs 5-year FD: Ever compared how two fixed income instruments with similar annual interest rates but different compounding frequencies? Compare the Five-Year Post Office Time Deposit (fixed deposit) and the Post Office National Savings Certificates (NSC) here to understand the true power of compounding. The examples and figures may leave you with some food for thought this weekend.
Wed, Jan 06, 2021
Senior Citizens Savings Scheme - HDFC Bank vs ICICI Bank: Senior Citizen Special FD Scheme is being launched by the majority of the banks to help elderly investors to remain insulated from low bank interest rates that are being offered currently.
Tue, Dec 08, 2020
Every person wants to earn more money from their investments. They also want to make sure their money is safe. If there is too much risk, people want to avoid that money making scheme generally. So, how to earn great amounts of money without putting yourself at risk of losing it. Well, fixed income instruments are a great option to make money
Wed, Nov 25, 2020
Real rate of return is the return earned over and above inflation. Following the COVID-19 pandemic, the Reserve Bank of India came up with a long list of fiscal measures to inject liquidity in the system, improve investors’ sentiment and keep the wheels of production moving.
Thu, Oct 15, 2020
Check What all ICICI Bank customers can do on WhatsApp!
Fri, Jul 10, 2020
PNB Term Deposit: Do you know about this term deposit scheme which gives you freedom of premature withdrawal without imposing any penalty on you? India’s second largest public sector bank – Punjab National Bank (PNB) is offering a PNB Sugam Term Deposit Scheme which not only allows a premature withdrawal facility but also facilitates partial withdrawal
Wed, Jun 24, 2020
SBI account: Are you aware of this State Bank of India (SBI) scheme? The largest public sector lender has launched a Term Deposit scheme exclusively for senior citizens to protect their incomes by offering additional interest on their term deposits. This scheme is called ‘SBI WECARE’
Fri, May 29, 2020
Saving Schemes For Senior Citizens: A retired person can't work to earn more money, but with his wit and grit, the amount that he has earned during his working days can definitely earn him extra.
Wed, May 27, 2020
Protecting income of Senior Citizens by providing additional interest on their Term Deposits.
Amid reducing fixed deposit and savings account interest rates, one can think of putting money in the sweep-in-FD and get more money in return.
Wed, Mar 11, 2020
Equitas offering 24x7 cash deposit facility; customers to get interests on idle funds with the Sweep In Sweep Out Fixed Deposit service
Tue, Dec 03, 2019
Bank Fixed deposits or FD investments have always been a tricky matter. This aspect needs personal attention, consistent planning and the ideal asset mix.
SBI fixed deposit rate vs Ujjivan Bank: SBI FD rates range from 4.5 per cent to 6.25 per cent while Ujjivan Bank FD rate is 5.5 per cent to 8.3 per cent.
Mon, Dec 02, 2019
Ujjivan Small Finance Bank FD rate starts from 5.5 per cent and goes up to 8.3 per cent.
Mon, Nov 18, 2019
FD vs Debt Fund? which gives you more return and have more risks.
Both bank fixed deposits and debt funds are debt instruments but people prefer to invest more in FDs than debt mutual funds. So, where do you get more returns? After all, the idea is to get rich and that too fast!
Thu, Oct 31, 2019
SBI Online: The State Bank of India or SBI is going to cut your savings account and fixed deposit interest rates from 1st November 2019.
Wed, Oct 30, 2019
Women are active savers and prefer to put their savings in safer investment instruments fixed deposits, recurring deposits, PPF or keep money in their savings accounts, a study by digital investment platform Scripbox reveals.
Mon, Oct 28, 2019
Bank FD: Fixed Deposits work on a simple principle — high liquidity and lower risk along with fixed returns.
Tue, Oct 01, 2019
Fixed deposits (FDs) still retain the faith of people as the most reliable investment option as interests earned from a bank FD is fixed and those who wish to spare their savings in this financial instrument are already aware of it.
Mon, Sep 16, 2019
On maturity periods for 1 year 1 day-2 year, the bank is offering an interest rate of 6.60% and 7.10% to the general public and senior citizens respectively. The Minimum tenure for earning FD interest is 7 days.
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