THIS bank increases interest rate on FDs; check new rate, policy terms & more details
Some banks are increasing the interest rates on FDs. Following suit, the Indian Overseas Bank (IOB) has increased the interest rates on FDs. By making investments in FDs, you may take advantage of this wave of change and profit handsomely. Continue reading to find out relevant aspects of this by going through the article.
Sep 12, 2022, 10:25 AM IST
'RBI may slash policy rate by 0.25% on Feb 2'
Towards the end of financial year 2015-16, the Reserve Bank of India is approaching the end of its rate-cutting cycle and is expected to slash the repo rate by 0.25 percent on Feb 2
Jan 29, 2016, 14:54 PM IST
Bank FDs to fetch poor interest; PPF, NSC rates set to fall
Interest rate on various small savings like PPF, NSC and Post Office savings are set to fall as the government is contemplating reduction in rates.
Jan 14, 2016, 11:47 AM IST
Can't ask banks to cut rates, competition will force them: Rajan
With most banks yet to pass on the benefit of lower interest rates to consumers following the rate cut last month, RBI Governor Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates, but eventually competition will force them to do so.
Feb 03, 2015, 18:35 PM IST
Banks under under CCI lens for similar interest rates
The trend has come to the attention of the fair trade watchdog since the Reserve Bank of India (RBI) has decontrolled the interest rates and each bank is free to fix its own rate.
Nov 21, 2014, 23:07 PM IST
