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SBI Hikes Fixed Deposit (FD) Interest Rates With Effect From Today

Wednesday, November 28, 2018, 4:34 PM

India's largest bank SBI has increased fixed deposit (FD) interest rates for select maturity periods with effect from today. FDs below Rs.1 crore with maturity period of one to two years will fetch 6.8% as compared to 6.7% earlier. Similarly, the interest rate on FDs with maturity period of two to three years has been hiked from 6.75% to 6.8%.

What you need to know about Tax on Fixed Deposit in India?

Tuesday, August 14, 2018, 7:58 PM

Fixed Deposits (FDs) are a popular form of savings. It allows you to exploit complete potential of Section 80C tax exemption while keeping your money safe for the said period. You can also earn a fair amount of income in the form of interest. But this income is taxable.
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Oxxy announces Rs.11,000 FD for every newborn girl

Friday, April 20, 2018, 2:58 PM

In a bid to bridge gender inequality, one of Indias largest healthcare network, Oxxy has announced to give a fixed deposit worth Rs 11,000 to every registered newborn girl to help fund her education or professional goals. "This is irrespective of the religion, social status or geographical location of the parents," Oxxy said in a statement.

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