Lock into best fixed deposit rates for up to a three-year tenure

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Senior citizens will receive an additional 50 basis points over these rates.

Shetty, while agreeing that FD rates have almost peaked, adds there is always the possibility that a few banks might come up with special-tenure offerings.

Special tenure rates also tend to catch customers’ attention in a way that standard tenures like six months and one year do not.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Fixed deposit Your money Finance sector Personal finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 22:28:28 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21958870

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 319 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #49

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