WebApr 8, 2024 · Most popular banks such as HDFC Bank, ICICI Bank, YES Bank, Axis Bank, and IDFC First Bank offer an interest rate of 7 per cent on tax-saving fixed deposits. DCB offers the highest interest rate on five-year fixed deposits at 7.6 per cent while IndusInd Bank offers an interest rate of 7.25 per cent on fixed deposits of the same tenure. WebMar 31, 2024 · Current High-Yield Savings Rates Based on our analysis, current high-yield savings account rates range from 0.25% to 5.00%, depending on the bank. The national savings account rate is...
Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 …
WebMar 31, 2024 · Interest rates for small savings schemes are notified on a quarterly basis. The Reserve Bank since May has raised the benchmark lending rate by 2.5 per cent to 6.5 per cent, prompting banks to raise interest rates on deposits as well. The RBI raised the repo rate or short-term lending rate by 25 basis points last month. WebMar 31, 2024 · After keeping small savings rates unchanged for nine consecutive quarters, the Finance Ministry had hiked interest rates on some of the small savings schemes by 10-30 basis points for October-December and not done it uniformly for all schemes. The changes have come amid high inflation rate and a rising interest rate cycle. The key policy … the primary meaning of a term is conveyed by
Best Business Savings Accounts of April 2024 - NerdWallet
WebJun 27, 2024 · The rates of interest on instruments such as the Public Provident Fund (PPF) and the National Savings Certificate (NSC), currently at 7.1% and 6.8%, respectively, have not been changed for... Web4 hours ago · Post office small savings schemes: TThe Senior Citizen Savings Scheme (SCSS) is one of the most popular small savings schemes backed by the government, … WebApr 3, 2024 · Top Savings Account Interest Rates for Deposits from Rs. 10 Lakh to Rs. 1 Crore Those who wish to maintain balance from Rs. 10 Lakh to Rs. 1 Crore in their … the primary meaning of a term or expression