SBI SENIOR CITIZENS FD

Can I split PPF investment money between my account and my minor son's account?

Under the PPF Scheme, 2019, Rule-3 sets the limits on the number of accounts which an individual can open. The rule allows opening of one’s...

Where should I invest my bank FD amount of Rs 25 lakh to earn good returns in three years

As mentioned, you are not dependent on this Rs 25 lakh for a regular income. With three years horizon, you are looking for cumulative optio...

Canara Bank hikes interest rates on FDs with tenures of 2 to 10 years

As per the press release, this makes Canara Bank offering the highest interest rate in this bracket among all the other PSU banks.

Post office schemes’ interest rates higher than bank FDs but look at these options too

Investors can consider options other than bank FDs as these are currently offering low rates of interest. However, keep in mind that bank F...

How should senior citizens deal with the big drop in bank FD rates

Senior citizens do not have any choice. They have to embrace risk or bear the risk of outliving their savings.

Bank FD passé, the rich rushing to perpetual bonds

This marks a return of investor risk appetite for those quasi-equity securities that ebbed fully after Yes Bank failed to repay its bondhol...

Can senior citizen invest FD maturity proceeds in SCSS to fetch more interest via same bank?

The SCSS account can be opened at all designated nationalised banks in their specified branches. Do confirm with your bank if your branch i...

Corporate FDs still attractive for seniors despite interest rate cuts

Over the last fortnight, AAA rated companies such as Mahindra Finance, Bajaj Finance, HDFC and LIC Housing Finance cut deposit rates by 30-...

Worried about falling FD rates? Here are some safe options

Devotees of bank fixed deposits are worried about the falling interest rates on FDs. These ultra conservative investors, especially retired...

Two investment options offering more than 7% for senior citizens

For senior citizen investors, safety and returns play an important role while choosing an investment product. For that, they can consider t...

Plus and minus points of various debt investment products and whom they will suit

Smaller banks offer better rates. However, weigh the risks before investing. While chasing higher returns, you should not ignore safety or ...

ICICI Bank launches an FD scheme for senior citizens: Here's all you need to know

The scheme offers 80 basis points (bps) more than what is applicable to general public (non-senior citizens) for the same deposit amount an...

HDFC Bank launches special FD scheme for senior citizens: Here's all you need to know

The Senior Citizens Care FD scheme is applicable to new FD deposits booked as well as for the renewals, by senior citizens during the above...

SBI's new FD rates come into effect. Check the rates here

As per the latest interest rate updated on SBI website, FDs between 7 days to 45 days will now fetch 3.3%. FDs between 46 days to 179 days ...

SBI cuts MCLR, FD rates but hikes floating home loan rates

By widening the spread over its repo rate-linked external benchmark rate, which is EBR plus spread, it now stands at 7.40 per cent as again...

Senior citizens dread idea of bank mergers

According to a banker with SBI, senior citizens find it most difficult to deal with change. They get worked up emotionally, and changes lik...

Falling FD rates set to hit 4 crore senior citizens hard

SBI cut both savings and deposit rates. There are about 4.1 crore senior citizen FD accounts with about 14 lakh crore in aggregate in them,...