Currently, interest on fixed deposits (FDs) is taxed annually at individual income slab rates (5–30%), with exemptions up to ...

In January 2025, major banks like SBI, PNB, IDBI, and Bank of Baroda launched new fixed deposit schemes and products with higher interest rates and added flexibility to attract customers. These ...

HDFC Bank has updated its fixed deposit interest rates, offering up to 7.40% for the general public and 7.90% for senior citizens on deposits between ₹3 crore to ₹5 crore. The bank also revised its ...

State Bank of India (SBI) – the country’s largest lender – has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges in raising resources.

The banking sector's December quarter results, so far, reflect an underlying pressure. Banks face the twin challenge of ...

Some of India's top banks have launched special fixed deposit schemes and revised their FD interest rates, especially for ...

How to become rich with SBI's New Recurring Deposit Scheme: State Bank of India (SBI), the country’s largest bank, has launched two new deposit schemes, Har Ghar Lakhpati and SBI Patrons ...

In a move to attract deposits, the State Bank of India (SBI) on Friday said it has launched two new deposit schemes Har Ghar Lakhpati and SBI Patrons, designed to provide customers with greater ...

These schemes offer higher interest rates, benefiting conservative investors and senior citizens. They help banks manage ...

State Bank of India (SBI) has launched two new deposit schemes “Har Ghar Lakhpati”(a pre-calculated Recurring Deposit to accumulate a sum of ₹1 lakh or its multiple)and“Patrons” (a term ...