Among the PSU banks, Union Bank of India is currently offering the best rate on 3-year FDs
Lenders are flush with funds in CASA accounts as people deposit money in banks for safe-keeping
The credit disbursed by the banks is an important indicator of the economic activity in the country
Multiple financial companies and NBFCs provide an option to deposit money for a fixed term at a prescribed interest rate
Many banks launched special FD schemes for senior citizens during the pandemic. The deadline to avail these schemes is June 30, 2021
PMC bank updates:
Small savings schemes news updates: Interest rates were slashed between 240-300 basis points over 9 years on different schemes
In the past few weeks various major commercial banks reduced their interest rates on FDs
A savings bank account is the most basic instrument and is considered the primary step of financial inclusion
Bank of Maharashtra has recorded a 13.45% increase in gross advances at Rs 1.07 lakh crore in 2020-21.
