Typically, banks offer fixed deposits with a maximum tenure of 10 years. There is no bank that offers an FD with a tenure longer than 10 years. This may change soon. Suryoday Small Finance Bank plans to stretch the maximum tenor of a Fixed Deposit (FD) to over 20 years, and the depositors will also…
This isnât just my experience; itâs a widespread issue thatâs evident in the data. Take HDFC Bank, the countryâs largest private bank, for example. In 2023-24, the attrition rate for employees under 30 was 34.7%. Most relationship managers fall into this age group, as theyâre typically fresh MBAs, graduates, or individuals with only a few…
Rakhi 2024: Raksha Bandhan is a cherished Indian festival where sisters tie sacred âRakhisâ around their brothers’ wrists. Brothers respond with various gifts, from cash and jewellery to smartphones and clothes. This year, elevate the tradition by choosing financial gifts that ensure your sisterâs security and prosperity, offering more than just material items but a…
Have you ever wondered what you would do if you had a fixed deposit with an NBFC but wanted to prematurely withdraw it due to an emergency? Well, the latest guidelines issued by the Reserve Bank of India (RBI) make provision for this. The banking regulator released a regulatory framework via a circular dated August…
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of interest….
Before opening a fixed deposit (FD) account, it is natural for depositors to compare the interest rates offered by different banks, as a result of which, the lenders that offer a higher rate of interest are preferred over others. It is noteworthy that Punjab National Bank and Bank of India recently revised their fixed deposit interest rates. It…
Despite the constant introduction of new investment opportunities each year, particularly by asset management companies (AMCs) launching new fund offers across different categories and themes, high-interest fixed deposits (FDs) remain a steadfast attraction for both young and old investors alike. The enduring appeal of FDs, despite their age-old concept, underscores how even the most innovative…
