Thursday, January 31, 2019
Sunday, January 6, 2019
Interest You Can Earn On Fixed Deposit From Top Banks
Fixed Deposit (FD) Interest Rates: Most banks offer fixed deposits starting from seven days up to a tenor of 10 years.
Bank fixed deposits or FDs are fixed-income instruments which guarantee a fixed rate of return on investments. Leading lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Kotak Mahindra Bank offer the facility of opening a fixed deposit. Some fixed deposits come with a premature withdrawal facility while some require a compulsory lock-in period. The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to the tenor of a fixed deposit. Most banks offer fixed deposits starting from seven days up to a tenor of 10 years.
The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - sbi.co.in:
Investment In Five-Year Tax-Saving Fixed Deposit Can Fetch These Returns)
Given below are the latest fixed deposit interest rates offered by SBI, HDFC Bank, ICICI Bank and Kotak Mahindra Bank:
State Bank of India(SBI)The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - sbi.co.in:
Given below are the latest fixed deposit interest rates offered by SBI, HDFC Bank, ICICI Bank and Kotak Mahindra Bank:
State Bank of India(SBI)The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - sbi.co.in:
| Tenors | Revised For Public w.e.f. 28.11.2018 | Revised for Senior Citizens w.e.f. 28.11.2018 |
|---|---|---|
| 7 days to 45 days | 5.75 | 6.25 |
| 46 days to 179 days | 6.25 | 6.75 |
| 180 days to 210 days | 6.35 | 6.85 |
| 211 days to less than 1 year | 6.4 | 6.9 |
| 1 year to less than 2 year | 6.8 | 7.3 |
| 2 years to less than 3 years | 6.8 | 7.3 |
| 3 years to less than 5 years | 6.8 | 7.3 |
| 5 years and up to 10 years | 6.85 | 7.35 |
| (Source: sbi.co.in) | ||
HDFC Bank
The following FD interest rates are for deposits below Rs. 1 crore with effect from November 6, 2018 according to the bank's website - hdfcbank.com:
| Period | Interest rate on FD less than Rs. 1 Crore | |
|---|---|---|
| General public | Senior citizen | |
| 7 - 14 days | 3.50% | 4.00% |
| 15 - 29 days | 4.25% | 4.75% |
| 30 - 45 days | 5.75% | 6.25% |
| 46 - 60 days | 6.25% | 6.75% |
| 61 - 90 days | 6.25% | 6.75% |
| 91 days - 6 months | 6.25% | 6.75% |
| 6 months 1 day- 6 months 3 days | 6.75% | 7.25% |
| 6 months 4 days | 6.75% | 7.25% |
| 6 months 5 days- 9 months | 6.75% | 7.25% |
| 9 months 1 day- 9 months 3 days | 7.10% | 7.60% |
| 9 months 4 days | 7.10% | 7.60% |
| 9 months 5 days - 9 months 15 days | 7.10% | 7.60% |
| 9 months 16 days | 7.10% | 7.60% |
| 9 months 17 days < 1 Year | 7.10% | 7.60% |
| 1 Year | 7.30% | 7.80% |
| 1 year 1 day - 1 year 3 days | 7.30% | 7.80% |
| 1 year 4 days | 7.30% | 7.80% |
| 1 year 5 days - 1 Year 15 days | 7.30% | 7.80% |
| 1 Year 16 days | 7.30% | 7.80% |
| 1 year 17 days - 2 Years | 7.30% | 7.80% |
| 2 years 1 day - 2 Years 15 days | 7.40% | 7.90% |
| 2 Years 16 days | 7.40% | 7.90% |
| 2 years 17 days - 3 Years | 7.40% | 7.90% |
| 3 years 1 day - 5 years | 7.25% | 7.75% |
| 5 Years 1 day - 8 Years | 6.50% | 7.00% |
| 8 Years 1 day - 10 Years | 6.50% | 7.00% |
| (Source: hdfcbank.com) | ||
ICICI Bank
The following FD interest rates are for deposits below Rs 1 crore, according to the bank's website - icicibank.com:
| Rate of Interest (% p.a.) w.e.f November 15, 2018 | ||
|---|---|---|
| Tenure Period | General | Senior Citizen |
| 7 days to 14 days | 4 | 4.5 |
| 15 days to 29 days | 4.25 | 4.75 |
| 30 days to 45 days | 5.5 | 6 |
| 46 days to 60 days | 6 | 6.5 |
| 61 days to 90 days | 6.25 | 6.75 |
| 91 days to 120 days | 6.25 | 6.75 |
| 121 days to 184 days | 6.25 | 6.75 |
| 185 days to 289 days | 6.5 | 7 |
| 290 days to less than 1 year | 6.75 | 7.25 |
| 1 year to 389 days | 6.9 | 7.4 |
| 390 days to 2 years | 7.1 | 7.6 |
| 2 years 1 day up to 3 years | 7.5 | 8 |
| 3 years 1 day up to 5 years | 7.25 | 7.75 |
| 5 years 1 day up to 10 years | 7 | 7.5 |
| 5 years Tax saver FD (max up to Rs. 1.50 lakh) | 7.25 | 7.75 |
| (Source: icicibank.com) | ||
The following FD interest rates are for deposits below Rs 1 crore with effect from December 20, 2018 according to the bank's website - kotak.com:
| Interest Rates for Domestic / NRO / NRE Fixed Deposits effective from 20th December 2018 | ||
|---|---|---|
| Maturity Periods - Premature Withdrawal Allowed | Regular Less than Rs 1 Crore | Senior citizen Less than Rs 1 Crore |
| 7 - 14 Days | 3.50% | 4.00% |
| 15 - 30 Days | 4.00% | 4.50% |
| 31 - 45 Days | 5.00% | 5.50% |
| 46 - 90 Days | 5.50% | 6.00% |
| 91 - 120 Days | 6.25% | 6.75% |
| 121 - 179 days | 6.25% | 6.75% |
| 180 Days | 7.00% | 7.50% |
| 181 Days to 269 Days | 7.00% | 7.50% |
| 270 Days | 7.00% | 7.50% |
| 271 Days to 363 Days | 7.00% | 7.50% |
| 364 Days | 7.00% | 7.50% |
| 365 Days to 389 Days | 7.30% | 7.80% |
| 390 Days (12 months 25 days) | 7.40% | 7.90% |
| 391 Days - Less than 23 Months | 7.30% | 7.80% |
| 23 Months | 7.25% | 7.75% |
| 23 months 1 Day- less than 2 years | 7.25% | 7.75% |
| 2 years- less than 3 years | 7.25% | 7.75% |
| 3 years and above but less than 4 years | 7.10% | 7.60% |
| 4 years and above but less than 5 years | 7.00% | 7.50% |
| 5 years and above upto and inclusive of 10 years | 6.50% | 7.00% |
Thursday, January 3, 2019
Modi govt to announce Rs 4,000 per acre direct transfer, crop loan at 0% in two-fold farm relief; to cost Centre Rs 2.3 lakh crore
DBT scheme draft requires states to share burden 70:30, but states are in no mood to bear the burden.
Centre will likely announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.In. The initiatives will cost the Centre Rs 2 lakh crore towards DBT and another Rs 28,000-30,000 crore towards interest subvention, adding up to nearly Rs 2.3 lakh crore on an annual basis. At least the Rs 70,000 fertiliser subsidy scheme will be subsumed into the scheme to make it possible. Some other smaller schemes may also get subsumed.
Having lost three crucial state elections to arch rival Congress in December, the ruling BJP-NDA is in hyper-active mode to appease the most aggrieved community -- farmers. It believes its scheme's impact must be felt by the intended beneficiaries well before the 2019 General Elections to deliver the political dividend it is seeking -- return to power. Centre has called quickfire meetings at the PMO as well as in NITI Aayog to finalise the announcement which is likely within this week. In this process, officials of nodal ministries -agriculture, revenues, expenditure, chemical and fertilisers, food, et al-have been asked to meet informally to iron out any glitches. Meanwhile, PM Narendra Modi is meeting farmer leaders to discuss the proposals.
Having lost three crucial state elections to arch rival Congress in December, the ruling BJP-NDA is in hyper-active mode to appease the most aggrieved community -- farmers. It believes its scheme's impact must be felt by the intended beneficiaries well before the 2019 General Elections to deliver the political dividend it is seeking -- return to power. Centre has called quickfire meetings at the PMO as well as in NITI Aayog to finalise the announcement which is likely within this week. In this process, officials of nodal ministries -agriculture, revenues, expenditure, chemical and fertilisers, food, et al-have been asked to meet informally to iron out any glitches. Meanwhile, PM Narendra Modi is meeting farmer leaders to discuss the proposals.
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