Govt Hikes Interest On Senior Citizen Savings Scheme, Post Office Savings Schemes, NSC, KVP - Details Inside
The new rate for the girl child savings scheme Sukanya Samriddhi has been increased to 8 percent from 7.6 percent.
Mar 31, 2023, 18:21 PM IST
US Fed Further Hikes Interest Rate By 25 Bps In Fight Against High Inflation Amid Turmoil Of Banking System
After the latest hike in rates, the US monetary policy committee anticipates that some "additional policy firming" may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 per cent over time.
Mar 23, 2023, 13:17 PM IST
Good News For Depositors! Bank of Baroda Increases Interest Rates On FDs By 25 Bps From This Date
Notably, the Bank of Baroda in December 2022 increased retail term deposit interest rates by up to 65 bps and in November 2022 by up to 100 bps.
Mar 18, 2023, 08:38 AM IST
China Cuts Banks' Reserve Ratio For First Time In 2023 To Aid Recovery
The central bank has promised to make its policy "precise and forceful" this year to support the economy, keeping liquidity reasonably ample and lowering funding costs for businesses.
Mar 17, 2023, 17:33 PM IST
European Central Bank Increases Key Rate By 50 Bps Amid Global Banking Turmoil
While systemic banking crises generally morph into deep recessions, the euro zone's financial system is in its best shape in years, with capital, liquidity and profits all at healthy levels.
Mar 16, 2023, 19:29 PM IST
Interest Rate Hike Cycle in Asia Nearing its End: Morgan Stanley
In India too, the Monetary Policy Committee (MPC) of the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent. Since May last year, the RBI has increased the short-term lending rate by 250 basis points to contain inflation.
Feb 16, 2023, 14:13 PM IST
European Central Bank May Outdo Fed With Half-Point Interest Hike
The ECB started raising rates in July, four months after the Fed did, and from lower levels including below zero for one of its key benchmarks.
Feb 02, 2023, 16:09 PM IST
Centre hikes interest on senior citizen savings scheme, Post office savings schemes, NSC, KVP - Details Inside
This is the second quarter of an increase in a row in interest rates for some schemes. This follows a status quo or unchanged rates for nine straight quarters. Interest rates for small savings schemes are notified on a quarterly basis.
Dec 30, 2022, 19:20 PM IST
UK economy may fall into the longest recession in 100 years: Bank of England
The UK economy faces a "very challenging outlook", with a recession that began this summer now expected to last until the middle of 2024, the Guardian reported.
Nov 04, 2022, 12:06 PM IST
Bank of England makes the historic interest hike to 3%, its biggest since 1989
The policy was aimed at staving off recession and spurring long-term growth - but instead it pushed sterling to a record low against the U.S. dollar, forced the BoE to prop up the bond market and led to Truss's resignation.
Nov 03, 2022, 20:09 PM IST
Real estate sector well-placed to absorb RBI's another rate hike, says Anarock
It is widely expected the RBI may hike rates by 50 basis points in the monetary policy review meeting during September 28-30, while Puri argues hike of such magnitude would not seriously hamper homebuyers` sentiments.
Sep 27, 2022, 13:22 PM IST
Post Office Fixed Deposit: Earn INTEREST rates more than banks in one year; Check benefits, eligibility, and other details
It’s very easy to open an FD in Post Office. According to the website of India Post office, customers can open FDs of different tenors ranging from 1,2,3, and 5 years.
Sep 21, 2022, 17:25 PM IST
Is buying a home in India amidst rising prices a right decision?
As the realty sector is highly dependent on bank financing for both builders and customers, it was anticipated that rising rates will impact post-pandemic recovery and slow down sales.
Sep 18, 2022, 11:00 AM IST
Post office scheme with 6.8% return: Step by Step guide to invest in THIS risk free income scheme
The scheme has five-years lock in period. That means you can’t withdraw your invested money before five years. There are three options to do the investment in the scheme and can open the scheme in any Post Office branch.
Sep 01, 2022, 12:52 PM IST
IDFC Bank hikes fixed deposit interest rates, check latest FD rates
IDFC Bank has increased the interest rates on fixed deposits (FD).
May 28, 2022, 13:59 PM IST
HDFC Bank FD alert! Interest rates on non-withdrawable Fixed Deposit revised –Check out this chart
Check out the table on Domestic/NRO and NRE Non-withdrawable Fixed Deposit rates.
Jan 07, 2022, 16:12 PM IST
FD alert! HDFC Bank revises interest rates on these Fixed Deposits, check complete rate table here
Check out the following tables for renewed HDFC Bank FD interest rates.
Dec 29, 2021, 08:54 AM IST
FD Alert! HDFC Bank increases interest rate on fixed deposits, check latest rates
HDFC Bank has increased the interest rates the bank offers to customers on fixed deposits (FDs).
Dec 01, 2021, 19:49 PM IST
SBI announces higher rate on term deposits, fees waiver on car, gold loans
SBI has also come with a 'platinum term deposits' for retail depositors further providing customers an additional interest rate of up to 15 bps on term deposits for 75 days, 75 weeks, and 75 months tenors starting August 15, 2021 to September 14, 2021.
Aug 16, 2021, 18:14 PM IST
Alert! THIS bank has slashed interest rates, check which banks are offering higher interest
Bank interest rates are at record lows in India. Following suit, IDFC First Bank has decided to slash its interest rates on savings accounts from 6% to 4-5%. The interest rates have been slashed for bank accounts with a balance of Rs 1 lakh to Rs 2 crore.
May 01, 2021, 21:54 PM IST
