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Currently favorable FD rates make it an excellent time to invest before RBI's anticipated rate cuts. The article provides a list of the top 5 banks offering the highest FD returns for different tenures. Experts advise investors to seize this moment to lock in the attractive interest rates.
12:10 PM
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Beginning Saturday, August 24, 2024, banks in various Indian states will be closed for three consecutive days. This includes closures on the fourth Saturday, Sunday, and Monday which is Krishna Janmashtami.
3:10 AM
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The Sensex climbed above the 81,000 mark for the first time in three weeks, closing at 81,053 points, driven by global positive trends and the likelihood of a US Federal Reserve rate cut next month. Major gainers included ICICI Bank, Bharti Airtel, and HDFC Bank, with active participation from both domestic and foreign investors.
5:10 PM
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Fixed deposits (FDs) provided by banks are seen as secure and interest-generating investments, appealing to risk-averse investors. Interest rates for FDs are near all-time highs due to the RBI's rate cycle pause.
11:10 PM
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On August 21, 2024, a Bharat Bandh is being observed by the Reservation Bachao Sangharsh Samiti due to a Supreme Court decision on SC/ST reservations.
5:10 AM
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