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What should be your first investment with your first salary?
The term “investment” is vast and as a beginner, it can be quite confusing to decide on which is the best investment option
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Fixed deposits: These two banks have revised interest rates
Fixed deposit rates: Axis Bank and Kotak Mahindra Bank have revised interest rates on fixed deposits.
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Parking your hard-earned money: Post offices edge banks
If you park your money in post office FD for five years, it will give you 6.7% return.
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FD schemes that give higher interest rates on 5 yr deposits
However, three out of the four schemes including that of State Bank of India (SBI) cannot be availed after 30th of September
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FD for 3-5 years: These banks are offering more than 6%
Fixed deposits: Mainly private lenders are offering better rates than public sector lenders in 3-5-year FDs.
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SBI Platinum deposits vs HDFC Green deposits: Check details
If you are planning to invest in fixed deposits, it's always better to know the recent changes and compare the interest rates
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Fixed deposits: These banks offer up to 7% interest rate
Fixed deposits: Large commercial banks in the country like SBI, HDFC Bank and ICICI Bank are offering maximum 5.50% interest on FDs.
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Google Pay users, here’s some good news for you
Google Pay users can now book high-interest rate FDs fully digitally, without needing to open a savings account with Equitas Bank
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FDs are evergreen! These 9 banks offer high interest rates
The interest rates on FDs have reduced by a wide margin. The rates are hovering around just about 5% in public sector banks.
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How to make the most of your bank fixed deposits
Different banks offer different interest across tenures. The rate of interest remains fixed till maturity once the deposit is made.
