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Bank FD Rates have peaked now. CRR down from 4.5% to 4%

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SSV

SSV

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RBI' MPC decided that CRR to be cut by 50 basis point from 4.5% to 4% ..
CRR= Cash Reserve Ratio .. ( the cash that need to be kept as a reserve which could not be available for lending )..

This redcution in CRR means the banks now have more funds ( liquidity) for lending from their deposits.. means Banks dont need to pay more interest to get more deposits..

Means: FD rates have peaked .. Book your FDs now for the maximum FD rate.. FD rates may go dwon in future..
An official Repo rate cut is on the cards for Feb meeting ...

All the best ..
 
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sousnake said:
they are very small banks, parents don't agree.
IDFC & indusind are very close - 7.9 & 7.99
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pranavcool said:
Are they really safe?
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Bandhan Bank is the 6th largest private bank in India in terms of total Assets. That is bigger than IDFC (which is 9th largest). RBL Bank is 10th largest. At least they are safer than the small finance banks and NBFCs. Also each bank deposit is insured upto 5 lakh.
IndusInd is a good balanced option though in terms of both safety and good interest rates.
 
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Already parked 35L with 7 SFBs (5L in each SFB) till Nov 30 with quarterly interest payout. Currently I am holding 14 savings accounts in my name.

5L each in Unity @9% for 1001 days, Utkarsh @8.5% for 1500 days, Suryoday @8.6% for 1095 days, Ujjivan/Jana/Equitas @8.25% for 12Mon/1095 days/888 days respectively, AU @ 8% for 24 Months.

Till January, plan you FD investments as in Feb RBI MPC meeting interest rate cut is inevitable (still not 100% because other factors will tell) and banks will reduce their FD rates immediately next day.
 
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Here is table for all Small Finance Bank and their highest RoI with terms as of Dec 8th, 2024.



Bank NameTerm of Deposit (Maximum Term with Highest RoI)RoI (for Below 60 yrs)RoI Senior CitizensAnnualized YieldNetbanking/App
AU Small Finance Bank12 Months8.00%8.50%8.24% / 8.77% for Sr. CitizensYes/Yes
Capital Small Finance Bank400 Days8.05%8.55%8.29% / 8.82%Yes/Yes
ESAF Small Finance Bank2 Yrs to 3 Yrs8.25%8.75%8.50% / 9.04%Yes/Yes
Equitas Small Finance Bank888 Days8.25%9.00%8.50% / 9.30%Yes/Yes
Jana Small Finance Bank2 Yrs to 3 Yrs8.25%8.75%8.50% / 9.04%Yes/Yes
North East Small Finance Bank>= 1 Year to 2 Year8.50%9.00%8.77% / 9.30%Yes/Yes
Shivalik Small Finance Bank18 Months to 24 Months8.55%9.05%8.82% / 9.36%Yes.Yes
Suryoday Small Finance Bank15 Months to <= 2 Yrs

>2 Yrs to 3 Yrs		8.50%

8.60%		9.00%

9.10%		8.77% / 9.30%Yes/Yes
Ujjivan Small Finance Bank365 Days or 12 Months8.25%8.75%8.50% / 9.04%Yes/Yes
Unity Small Finance Bank1001 Days9.00%9.50%9.30% / 9.84%No/Yes
Utkarsh Small Finance Bank>= 2 Yrs to <= 3 Yrs

1500 Days		8.50%

8.50%		9.10%

9.10%		8.77% / 9.41%

8.77% / 9.41%		Yes/Yes
 
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Arnal07 said:
I think interest rates have peaked out but to cut interest rates CPI inflation must go down from here.
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CPI figures are never true and if RBI decides to rate cut then Govt will coushion it by showing fake CPI numbers just like they manipulated GDP figures for very long. Every Govt does it. While daily necessties prices have skyrocketed in last 6 months, CPI figures last time shown fake numbers again. While income is stagnant or not increasing at all, prices are going higher and that's not how economy works. This way most of higher middle class will slip to mid of middle class while mid-middle class will shift to lower middle class and doom for lower. People are getting poorer here at higher rate than other developing countries.

The recent DA hike of 3% is a peanut while atleast 4.3% was required to breakeven with price hikes. So from employees to pensioners aren't getting anything and then there are private companies who never believe in salary hikes according to inflation.

We are a poor nation with huge population to take care off. No matter what media shows, we have to live with the fact that India is a poor nation with Zero standard of living and 70% population living a hand to mouth life. Don't just look at 10% of developed cities in India. Look overall and you will find more than 70% people are living miserable lives.
 
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@SSV bro..i want to have fd on small bank..will be my first fd..but point is i have some chunk amount of money..but i get some cashback's which i get from cc..can i top up those money every month to my fd which i made?
 
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Arkapal Sen said:
@SSV bro..i want to have fd on small bank..will be my first fd..but point is i have some chunk amount of money..but i get some cashback's which i get from cc..can i top up those money every month to my fd which i made?
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Normally they dont offer adding amount to the existing FD. but some banks offer different products which may be slgihtly different.. first narrow down your choice of bank and see what kind of different FD products they offer.
 
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Arkapal Sen said:
@SSV bro..i want to have fd on small bank..will be my first fd..but point is i have some chunk amount of money..but i get some cashback's which i get from cc..can i top up those money every month to my fd which i made?
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With stable money , you can do sip with a minimum amount of 1000 per month with Sivalink SF bank and suryoday SF bank . Attaching some screenshots below for reference
 

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surojitlaha said:
With stable money , you can do sip with a minimum amount of 1000 per month with Sivalink SF bank. Attaching a screenshot below for reference
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yes.. I too read this kind of SIP FDs somewhere in the BOB.. but interest rates wont be attractive in case of BOB..
good to know that some SFB offering this..
 
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desiviru said:
Already parked 35L with 7 SFBs (5L in each SFB) till Nov 30 with quarterly interest payout. Currently I am holding 14 savings accounts in my name.

5L each in Unity @9% for 1001 days, Utkarsh @8.5% for 1500 days, Suryoday @8.6% for 1095 days, Ujjivan/Jana/Equitas @8.25% for 12Mon/1095 days/888 days respectively, AU @ 8% for 24 Months.

Till January, plan you FD investments as in Feb RBI MPC meeting interest rate cut is inevitable (still not 100% because other factors will tell) and banks will reduce their FD rates immediately next day.
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Hope you are aware that principal and interest incurred till date of default is considered for 5L insurance.
 
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Arkapal Sen said:
is stable money that much trustworthy?
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Your FD will only be opened with the banks directly. Stable Money here is simply acting as a mediator. It's completely safe, bro. Once the FDs are opened, you will be provided with an account number along with a digital fd receipt from the respective bank. You can use this number to log in to the respective bank’s mobile app or access net banking, if you prefer. Alternatively, you can also check the FD details directly through Stable Money
 
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