Regardless of Reserve Bank of India (RBI) keeping its repo rate constant at 6.5 per cent, Bank of Baroda raised its MCLR across four tenors by 5 basis points with effect from today i.e., April 12, 2024. Bank of Baroda’s base rate is now 9.40 percent with effect from Friday. Additionally, BPLR for all the existing accounts …
However, in March 2024, some banks increased their fixed deposit rates. In the case of most banks, the current fixed deposit interest rates being offered are at a decadal high. So, are these the best interest rates on fixed deposits? And should you lock into these high fixed deposit rates? Let us discuss. Also Read: …
Most conservative investors still opt for safe havens to earn fixed returns on their investment. Among all the options, the safest and most reliable option is fixed deposits (FDs). Those who want to earn marginally higher interest rates on their FDs, at times, lock them in the name of their old parents since banks offer …
Throughout 2023, the Reserve Bank of India (RBI) has consistently raised interest rates as a measure to counter inflation. This results in heightened borrowing costs, encouraging both individuals and businesses to increase their savings, consequently driving up interest rates on savings instruments such as FDs. The escalation of global economic uncertainties and geopolitical tensions also …
Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can’t stomach risk. But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in …