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Senior citizens prefer doing fixed deposits (FDs) over any other investment plans. This is because of a few reasons, like they get better interest rates than savings accounts, their money is safe, they don’t need to worry about markets, get income tax benefits, among others. They also get payouts on a monthly or quarterly basis…
444-Day Special FDs: Several banks are offering a special 444-day fixed deposit scheme that has become popular among investors looking for safe and guaranteed returns. Unlike regular FDs, this limited-period product carries slightly higher rates and stands out for its unusual tenure. State Bank of India (SBI), Punjab and Sind Bank, Indian Overseas Bank (IOB) and…
444-Day Special FDs: Several Indian banks continue to offer a special fixed deposit with a 444-day tenure that has been popular among conservative investors seeking stable and guaranteed returns. While fixed deposits have lost some ground to equities, mutual funds and other market-linked options, banks are keeping interest alive through limited-period schemes that carry slightly…
New Delhi: Public sector banks –State Bank of India (SBI), Bank of Baroda (BoB) and Indian Overseas Bank (IOB) –have announced slashing of Marginal Cost Of Funds Based Lending Rate (MCLR) across various tenors. SBI’s latest MCLR is effective from 15th August 2025, while that of Bank of Baroda is applicable from 12th August 2025…
New Delhi: Canara Bank, Union Bank and Indian Overseas Bank (IOB) have announced reduction in their lending rates following the Reserve Bank of India’s (RBI) announcement cutting the repo rate by 50 basis points, from 6.00% to 5.50%, in the latest Monetary Policy Committee (MPC) meeting. Canara bank has reduced Repo Linked Lending Rate (RLLR)…