BoI Revises FD Rates, Offers Up To 8.10% To Super Senior Citizens
For fixed deposits with tenures ranging from 180 days to less than one year, the deposit rate for amounts less than Rs 3 crore has been increased to 6 per cent per annum
For fixed deposits with tenures ranging from 180 days to less than one year, the deposit rate for amounts less than Rs 3 crore has been increased to 6 per cent per annum
Seniors with a low-risk appetite may find it difficult to secure a positive real rate of return and may expose themselves to wealth erosion. So, they must choose the appropriate investment instruments.
Fixed deposits are evergreen investing tools for most Indians; however, there are alternatives for the 'exploring kind'.
Senior citizens looking for guaranteed returns from fixed deposits can explore these bank rates compiled by Paisabazaar.com.
Senior citizens usually invest in bank fixed deposits as they offer guaranteed returns. Unlike bank FDs, corporate FDs generally provide higher rates, but are they a safe bet for them?
Sixty-seven per cent of respondents in a survey said they have a retirement plan in place, and 63 per cent said they have a comprehensive plan.
HDFC Bank Senior Care fixed deposit scheme was launched on May 18, 2020.
Punjab National Bank, Karnataka Bank, and Jana Small Finance Bank are among seven banks which have revised their fixed deposit rates in the week ending November 4, 2023. Learn More
Most senior citizens can't tolerate taking risks when investing during retirement, but they also need good returns to achieve their financial goals. So, what should they do to overcome the problem?
Financial security is vital in old age, so should senior citizens consider gold investments for passive income? Learn more.
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