Finance Blog

Fixed deposit interest (FD) rates remain fixed for the entire tenure once funds are deposited. Bank FDs are flexible savings instruments in terms of the deposit amount, tenure, and premature withdrawal. Among various types of FDs, one is regular FD. The interest rate on an FD account depends on the choices an investor makes considering various aspects. How is the Interest Rate Calculated on a Regular FD? A regular fixed deposit interest rate is decided based on the following key factors that are within the investors’ reach: Deposit Amount: A regular FD account with a bank can be opened with a small amount of Rs.10,000 that can go up to crores. The amount deposited is considered to calculate the interest rate on an FD. The higher the deposit amount, the better the FD returns. FD Tenure: The FD tenure refers to the period for which the amount remains deposited in an FD account. It can be between 7 days to 20 years. Investors choosing a longer term can earn at high-interest rates on fi...

An NRE (Non-Resident External) fixed deposit scheme is a wise investment option for non-resident Indians (NRIs) willing to invest their money in a safe and lucrative option. However, picking the ideal one may be challenging, with so many banks providing NRE fixed deposit schemes. To choose the best NRE fixed deposit scheme, follow the below tips: Minimum and Maximum Deposit Requirements: For NRE fixed deposits, each bank has a minimum and maximum deposit requirement. Ensure the fixed deposit minimum amount is within your budget, and additionally, check that the maximum deposit amount satisfies your investment needs. Check the Interest Rates: Interest rates are one of the crucial considerations when selecting an NRE fixed deposit scheme. Before choosing, evaluating the NRE FD interest rates offered by several banks is essential. Find a bank that provides fixed deposits with competitive NRE FD interest rates so one may potentially maximise their return on investment. Tenure Options: ...