Senior citizens can earn up to 8% interest rate on 5-year fixed deposits; compare the top FD rates offered by public, private, and small finance banks

Senior citizens can earn up to 8% interest rate on 5-year fixed deposits; compare the top FD rates offered by public, private, and small finance banks

For senior citizens seeking stable and fixed income, there are still attractive fixed deposit (FD) options available, despite many leading banks and small finance banks slashing their FD interest rates. Currently, a few banks offer FD rates of up to 8% on their...
Which Public Sector Bank is likely to emerge as the top performer in the current financial year?

Which Public Sector Bank is likely to emerge as the top performer in the current financial year?

The banking sector is expected to be in the spotlight as the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.25% on December 5. This move is likely to have a significant impact on the monetary structure of the banking sector, leading to...
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and...
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions

India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions

The Government of India is preparing for the next round of consolidation of public sector banks (PSU banks) with the goal of creating large, globally competitive lenders. The aim is to support India’s long-term economic ambitions and achieve the vision of a...
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.

Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms....
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction

Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.

For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk. The banks offering these high FD rates...