12/30/2023 0 Comments Hdfc fixed deposit interest rates 2024For stability, one can also consider judicious investments in Real Estate Investment Trusts (REITs). "Given the RBI's decision to maintain the repo rate at 6.5%, savvy investors may diversify across fixed-income instruments, emphasizing government and corporate bonds while prioritizing defensive sectors such as healthcare, utilities, or consumer goods that tend to perform relatively well, irrespective of economic conditions. However, rates for one-year tenure stand at 7.85 per cent, and for 3 and 5-year FDs it is 8.15 per cent. It is currently offering an interest rate of 9.5 per cent to senior citizens for a fixed deposit for 1001 days as of 6 September 2023. The bank has reduced the tenure on FD of 55 months by 5 bps. These rates are effective from 1 October 2023. Senior citizens will earn an interest rate of 3.5 to 7.75 on these deposits. Regular investment portfolio reviews are essential to navigate this consistent interest rate environment successfully," said Gandhi. Unity Small Finance Bank (SFB) has revised its interest rates on fixed deposits. HDFC Bank is offering an interest rate ranging from 3 to 7.20 to general customers on deposits maturing in 7 days to 10 years. Real Estate Investment Trusts (REITs) present a compelling avenue for judicious investment, offering a balance of returns and consistency. "Allocating a significant portion to sectors like healthcare, utilities, and dividend-yielding equities can bolster stability within the portfolio.
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