FD interest rates: These 6 banks offer highest returns on fixed deposits; check details
The RBI’s monetary policy committee kept the repo rate unchanged at 6.5 per cent for the tenth time in a row. However, the central bank is likely to cut the interest rate in December, which would have a ripple effect on lending and fixed deposit interest rates of banks. Key Points
mintChina unveils fresh stimulus to boost economy: To cut mortgage rates amid property crisis
China's central bank on Tuesday unveiled fresh measures to boost the struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. It will guide commercial banks to lower the interest rates of existing mortgage loans to the vicinity of the interest rates of newly issued loans . Key Points
Economic TimesOil prices rise after US interest rate cut
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude Key Points
ThePrintOil prices settle $1 up on hopes of a US Fed rate cut next month
By Nicole Jao (Reuters) -Oil prices settled up more than 1% on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines. Brent crude Key Points
ThePrintNHAI saves around Rs 1,000 crore of interest through debt payment plan
The state-owned NHAI reported saving approximately Rs 1,000 crore in interest payments by pre-paying Rs 15,700 crore of its debt. This move has significantly reduced NHAI's total debt to around Rs 3,20,000 crore. The organization also secured lower interest rates from banks, dropping from 8.10% to 7.59%. Key Points
Economic Times
EPFO releases FY24 interest payments for these members. Check Details
EPFO fixed the interest rate at 8.25% for 2023-24 on February 10, 2024. The interest rate for the previous year (2022-23) was 8.15%, while for 2021-22, the rate was 8.10%, the lowest since 1977-78 when the rate was 8%. Key Points
India TodayGovt caps interest equalisation at Rs 1.66 crore per IEC for July-August
The Indian Commerce Ministry has announced a cap on interest equalisation for import-export codes (IEC) from July 1 to August 31. The government extended the interest equalisation scheme (IES) for two months to boost outbound shipments. The scheme, which ended on June 30, is only applicable to MSME manufacturer exporters. The IEC is mandatory for exports and imports. Key Points
Economic TimesFD interest rates of 8-9% to continue for a longer period as RBI holds repo rate; how to invest in fixed d
Fixed deposit investors have been rejoicing a high interest rate regime for last one year when RBI last hiked the repo rate in February last year to 6.5%. However, the interest rate cycle is due for reversal and hence the rates are likely to fall sooner or later. However, with RBI holding the rate in current MPC the rate reduction exercise has been pushed further by a few months. FD investors are not complaining. Key Points
Economic TimesWhy should you invest ₹1.5 lakh in PPF before April 5? Know the reasons here
Investment in PPF instruments earns 7.1 per cent interest per annum and the maximum investment is ₹1.5 lakh. interest on PPF investment is calculated on a monthly basis and is based on the minimum balance between the 5th and last date of the month. Key Points
mintFD interest rate up to 8.1%: Top banks offering highest interest rates on 1-3 year fixed deposit tenures
Highest FD rates: Fixed deposits with terms ranging from one week to ten years are available for selection. Here are top banks fixed deposit interest rates for tenures ranging from 1 – 3 years. Key Points
Economic TimesNo change in interest rates for PPF, SSY, Senior Citizen Savings Scheme, and other post office schemes for April- June quarter 2024
New Delhi, March 31 (ANI): There will be no change in the interest rates of your post office savings, senior citizens saving schemes (SCSS) and public provident fund (PPF) for the new quarter beginning April 1st 2024. Government revises small savings schemes interest rates every quarter. For the first quarter of fiscal FY25, April-June 2024, […] Key Points
ThePrintCheck rate of interest on small saving schemes for Q1 2024-25
New Delhi [India], March 30 (ANI): The central government has kept the interest rates unchanged on various small savings schemes for the first quarter of the next financial year, beginning April 1. The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 […] Key Points
ThePrintNo hurry to cut interest rates, US Fed Chair indicates
New York [US], March 30 (ANI): The US Federal Reserve on Friday indicated that it was not in any hurry to cut interest rates. In his address at an event hosted by the San Francisco Fed on Friday, US Fed Chair Jerome Powell said “We don’t need to be in a hurry to cut.” Show […] Key Points
ThePrintDo EPF members suffer loss if interest payment is delayed by EPFO? Know how withdrawal works when interest
Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial year 2023-24 was announced in February to be 8.25% however, the actual payment of interest into respective EPF accounts may take longer. Most EPF members have this concern whether they will lose out earning more interest due to this delay. We tell you how it works. Key Points
Economic TimesPPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter
Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency. Key Points
Economic Timesinterest rate on small saving schemes kept unchanged for Q1-2024-25
New Delhi [India], March 28 (ANI): The central government has kept the interest rates unchanged on various small savings schemes for the first quarter of the next financial year, beginning April 1. The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 […] Key Points
ThePrintGold set for fourth weekly gain in five on Fed rate-cut optimism
(Reuters) - Gold prices edged higher on Friday and were set for a fourth weekly rise in five after the U.S. Federal Reserve maintained its interest rate cut projections for the year, boosting investor Key Points
ThePrintIDFC FIRST Bank revises FD interest rates; offers 8.5% rate on this fixed deposit tenure
IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore, according to the bank website. The new FD interest rates are effective March 21, 2024. Key Points
Economic TimesSBI FD interest rate up to 7.9%: 5 State Bank of India special fixed deposits offering higher rates
SBI special fixed deposits: State Bank of India offers various special fixed deposits for regular citizens and senior citizens such as SBI Amrit Kalash, SBI Wecare, SBI Green Deposits, SBI Sarvottam. Here are details of each of these schemes. Key Points
Economic TimesOil steadies as investors weigh U.S. job data and rate cut signals
By Robert Harvey LONDON (Reuters) - Oil prices steadied on Friday as investors digested fresh U.S. employment data, in the quest for clues as to whether interest rate cuts may occur in the United Key Points
ThePrint
Education loan moratorium can hike Rs7.5 lakh loan to over Rs 10lakh even before EMI repayment starts: Be
While education loan may help you achieve dream education however it comes with a cost in terms of interest payment. The mechanism of interest payment differs among the lenders. The type of education loan you opt for and how you utilise your moratorium period, will decide how much repayment burden you will have when you start paying EMI. Key Points
Economic Timesinterest rates on small savings schemes remain unchanged for Q1 FY25
New Delhi, Mar 8 (PTI) The government on Friday left the interest rates unchanged on various small savings schemes for the first quarter of the next fiscal, beginning April 1, 2024. A notification in this regard has been issued by the finance ministry. “The rates of interest on various small savings schemes for the first […] Key Points
ThePrintGovt keeps interest rates on small savings schemes unchanged for Q1 FY25; Check rates for NSC, Sukanya Samriddhi, others
The interest rates for popular PPF and savings deposits too have been retained at 7.1 per cent and 4 per cent, respectively. The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months. Key Points
mintinterest rates on small savings schemes remain unchanged
A notification in this regard has been issued by the finance ministry. The government on Friday left the interest rates unchanged on various small savings... Key Points
The Tribune IndiaEarn up to 9.25% FD interest rate; this bank hikes fixed deposit rates by up to 41 bps
The new rates are effective from March 1, 2024. interest rates in 25 months tenor was revised by 41 basis points (bps), according to the bank press release. Key Points
Economic Times
Financial year-end tax planning: Why the time to invest in tax-saving fixed deposits is now - FD rates compared
India Business News: As the financial year approaches its end on March 31, many individuals seek avenues to invest their earnings and save on taxes. If you want to save tax by investing, consider Tax-saving Fixed Deposits (FDs). They offer deductions of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. Key Points
Times Of IndiaSwiss National Bank loses $3.6 billion in 2023
The Swiss National Bank SNBN.S posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the central bank said on Monday, as the switch to positive interest rates cost it dearly. Key Points
Business TodaySukanya Samriddhi Yojana offers 8.2% rate in March quarter; will you get this interest for entire SSY tenu
Sukanya Samriddhi Yojana (SSY): interest on SSY is credited to the account at the end of each financial year and is based on the prevailing interest rate announced by the government for each quarter. For January 2024-March 2024 quarter the interest on SSY is 8.2%. Read here to know how the interest on SSY is calculated. Key Points
Economic TimesHow much income tax deduction is available on bank FD, RD and savings account interest
Save income tax: Here's how you can claim income tax deduction on interest from bank FD, RD and savings account and save income tax. However do note that a higher limit of Rs 50,000 is available only for senior citizens whereas other individuals can claim the tax deduction up to Rs 10,000 on interest from savings bank account. Key Points
Economic TimesLatest RD rates: HDFC Bank vs ICICI Bank vs Kotak Mahindra Bank; which bank is offering highest RD rates i
RD rates in February 2024: HDFC Bank, ICICI Bank, and Kotak Mahindra Bank revised their fixed deposit and recurring deposit interest rates. Here is a quick comparison of recurring deposit interest rates. Key Points
Economic Times
Tax-saving fixed deposits for senior citizens: A guide to tax-exempt returns
Financial Literacy News: Learn how senior citizens can avail tax deductions and generate tax-exempt returns from tax-saving fixed deposits. A comprehensive guide to tax-saving fixed deposits for senior citizens. Key Points
Times Of IndiaFixed Deposit: Want higher interest rate on your tax-saving FD? Book it right now
Tax-saving fixed deposits (FDs) are one of the investment options that will offer a deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. You can invest a maximum of Rs 1.5 lakh in a tax-saving FD. It comes with a tenure of five years. As FD interest rates are close to their peak seen in the past 3-4 years, is this a good time to invest in tax-saving FDs as the interest rate cycle is about to turn around? Key Points
Economic TimesThis bank offers 9% return on fixed deposits (FDs). Full details of interest rates
Fixed Deposits (FDs) in India offer guaranteed returns, higher interest rates than savings accounts, and tax benefits. Small finance banks provide rates ranging from 4.5% to 9% for regular consumers and up to 9.5% for senior citizens Key Points
mintOil steady as investors weigh US rate cut outlook with Middle East tensions
By Robert Harvey LONDON (Reuters) -Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations that cuts to U.S. interest rates will take longer than Key Points
ThePrintPNB Housing Finance rolls out exclusive 8.30% fixed deposit interest rates for senior citizens. Details here
PNB Housing Finance has introduced a time-limited promotion featuring revised fixed deposit interest rates of up to 8.30% for senior citizens. Key Points
mint
Fixed Deposit: How senior citizens can get tax-free return by investing in tax-saving FDs
Tax Saving FD: Be it a cumulative FD where the interest is paid at the time of maturity or a non-cumulative FD where the interest is paid periodically, you have to pay tax on the interest income of your fixed deposit every financial year. This interest is taxable as per the tax bracket of the investors. Is there a way senior citizens can earn tax-exempted returns from tax-saving FD? How much should a senior citizen invest? ET Wealth Online explains Key Points
Economic TimesPOTD, Sukanya Samriddhi Yojana interest rates hiked; investors who will get higher rates on these small sa
Post office scheme interest rates: The government has hiked the interest rates for Sukanya Samriddhi Yojana and on select Post Office time deposits for the January-March 2024 quarter. The government assesses the interest rates of small savings schemes on a quarterly basis. Key Points
Economic TimesBeneficiaries of possible lower interest rates? 5 construction & contracting companies with upside potenti
Whether it is an individual or a company, interest rates matter to every segment of the economy, the only difference is how strong is this co-relationship. For an individual, his or her EMI, right from home loans to personal loan to auto loan is decided by interest rates. For companies the cost of capital is decided by interest rates and capital is the lifeline for all companies. When it comes to companies, there are certain sectors which get impacted by movement in interest rates more than others. The reason is that both the demand for their product and service and their own ability to grow and have better margins has strong co-relationship with interest rates. Now with higher probability of interest rate coming down, will companies from contracting and construction space which work on wafer thin margins have better margins? If Yes, then order books which in any case are brimming may deliver more than expected. Key Points
Economic Times6 banks offer highest interest rates on their fixed deposits; check latest rates here
ICICI Bank offers 7.40 percent to one-year fixed deposits (FDs). It falls to 7.30 percent when the tenure is increased to anywhere between 390 days to 15 months Key Points
mintSGB latest tranche: What is the interest rate of Sovereign Gold Bond
The Reserve Bank of India (RBI) issues SGB on behalf of the Indian government. The SGB Series 2023-24 Series IV will open for subscription on February 12, 2024 and will close for subscriptions on February 16, 2024. Key Points
Economic Times
HDFC Bank increases FD interest rates by up to 25 bps; now earn 7.75% on this fixed deposit tenure
Latest HDFC Bank FD interest rates: HDFC Bank offers interest rates between 3.5% to 7.75% on tenures ranging from 7 days to 10 years. The Bank has hiked on tenure of 18 months to less than 21 months from 7% to 7.25%. Key Points
Economic TimesWindow to book FDs at current higher interest rates shrinks despite RBI holding repo rate; what FD investo
Fixed deposit investors should be prepared for a downward trend in interest rates. The 10-year government bond yield has already fallen and is expected to continue decreasing. Short to medium-term FD rates will be affected first, so investors should consider booking their FDs soon. Key Points
Economic TimesUp to 7.9% interest rate on tax-saving FDs: Latest senior citizen tax-saving FD rates of private, PSU bank
Tax saving fixed deposit provides a tax deduction under Section 80C of the Income Tax Act, 1961 of up to Rs 1.5 lakh annually. Here is a look at the interest rates offered by private and public sector banks on five-year tax-saving FDs. Key Points
Economic TimesAxis Bank increases FD interest rates by 10 bps; Earn up to 7.85% on this fixed deposit tenure
Axis Bank offers interest rates between 4.8% to 7.85% for senior citizens for amounts below Rs 2 crore for tenure ranging from 7 days to 10 years. Key Points
Economic TimesHow should borrowers decide between a term loan and availing an overdraft facility? MintGenie explains
A term loan involves borrowing a fixed amount with a predetermined repayment schedule from a bank, NBFC, or any financial institution. In contrast, with an overdraft, interest is calculated solely on the amount withdrawn using the overdraft facility. Key Points
mint
Tailwinds get stronger due to fiscal discipline; 5 construction & contracting companies having upside pote
While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. In an economy like India, where cost of capital matters more than anything else, many sectors will see positive impact. But the strongest correlation is with banks, real estate, construction and infrastructure. Among these we take a look at construction and contracting companies as lower interest rates means more tailwinds to the existing one of higher demand. Not only does the overall demand have a correlation with interest rates but even their own operating matrix is such that lower interest rates benefit them. ET screener powered by Refinitiv’s Stock Report Plus lists down infrastructure stocks with high upside potential over the next 12 months, having an average recommendation rating of buy/strong buy/hold. Key Points
Economic TimesUp to 8% FD interest: These two banks revise fixed deposit rates; know new rates
Bank fixed deposit: Up to 8% interest rate is offered by some banks on select tenure of fixed deposit (FD). The rates are effective from February 1, 2024 and are for FDs of value less than Rs 2 crore. Read here to know the latest FD rate of Karur Vysya Bank and Karnataka Bank and what are interest rates offered. Key Points
Economic TimesDollar headed for weekly loss; US job data in focus
By Rae Wee SINGAPORE (Reuters) -The dollar fell broadly on Friday as upbeat big tech earnings on Wall Street boosted investors' appetite for riskier assets, while traders awaited U.S. job data later Key Points
ThePrintReduced deficit, lower government debt set to push down interest rates
Budget News: The interim budget has laid the ground for cheaper home loans and lower interest rates in general. The lower fiscal deficit of 5.1% has meant borrowing is almost Rs 1 lakh crore lower than expected. Also, since more of the government spending is going towards capex, it will not be inflationary and would make it easier for RBI to reduce rates in future. By pegging the fiscal deficit at a lower level and pruning central borrowings, the Centre is seen as having put subtle pressure on RBI to boost liquidity and soften interest rates. Key Points
Times Of IndiaUS Fed Policy: FOMC keeps key rates steady at 23-year high-mark in first verdict of 2024; may not cut rates in March
US Federal Reserve Policy: Rate-setting FOMC led by Fed Chair Powell voted to keep the key interest rates unchanged at 5.25-5.5 per cent for the fourth straight meeting. Key Points
mint
Cheapest home loan interest rates for amounts above Rs 75 lakh: PSU banks vs private banks
Home loan interest rates vary with each individual based on factors such as credit score, income, tenure, Loan-to-Value ratio, MCLR, RLLR, etc. Private banks offer interest rates between 8.35% to 14.85% for home loans above Rs 75 lakh. Public sector banks also provide competitive rates. Key Points
Economic TimesGold slides on trimmed US rate cut bets, rallying equities
By Anushree Ashish Mukherjee (Reuters) - Gold prices eased on Monday as investors rolled back expectations of a U.S. interest rate cut at the end of March, with a surge in equity markets further Key Points
ThePrintUp to 7.9% interest rate on senior citizen tax saving FDs: Which banks are offering best rate?
Individuals can claim income tax deductions of up to Rs 1.5 lakh under Section 80C of the Income-tax Act of 1961 when they make tax-saving fixed deposits. Key Points
Economic TimesCentre's FY25 interest outgo may rise 11 to 12% from ongoing FY24
Interest pay-out of the government in the next financial year is expected to climb 11-12% from the ongoing fiscal 2024. The interest pay-out for FY24 is projected to be Rs 10.80 lakh crore. In the pre-Covid FY20, interest payment at Rs 6.12 lakh crore had accounted for 22.8% of the total expenditure. Key Points
Economic TimesRates of RBI Floating Savings Bonds offering 8.05% to be reviewed soon; will it change from January 1, 202
The interest rate of RBI Floating Rate Savings Bonds (FRSB) 2020 (Taxable) is linked to the interest rate of the National Savings Scheme (NSC), a small savings scheme offered by the Union government. The bond will pay 0.35% higher than what NSC offers. The interest rate of RBI Floating Rate Savings Bonds is due for revision on January 1, 2024. Will the interest rate of RBI Floating Rate Savings Bonds go up or come down next year? Read here to find out Key Points
Economic Times
SBI hikes interest rates on FDs by up to 0.5%
The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 0.5% with immediate effect. Key Points
The Tribune IndiaAxis Bank offers up to 7.75% interest on senior citizen FDs; 7.1% rate to others
Axis Bank has revised its Fixed Deposit (FD) interest rate for FD amounts below Rs 2 crore. The revised interest rates are with effect from December 26, 2023 and for senior citizens the interest can go as high as 7.75% also. Check here for the latest rates and then choose accordingly. Key Points
Economic TimesDollar up vs yen; stocks gain on rate cut optimism
By Sinéad Carew New York (Reuters) -The U.S. dollar rose against the yen on Tuesday after the Bank of Japan kept rates steady while MSCI's global stock index was gaining ground as investors focused on Key Points
ThePrintDollar rises vs yen while stocks gain on rate optimism
By Sinéad Carew New York (Reuters) -The U.S. dollar rose against the yen on Tuesday after the Bank of Japan kept rates steady while MSCI's global stock index was gaining ground as investors focused on Key Points
ThePrintGlobal stock index up, yields dip as traders focus on rate cuts
By Sinéad Carew New York (Reuters) -MSCI's global stock index was gaining ground on Tuesday and U.S. Treasury yields were falling slightly as investors focused on the prospect of 2024 interest rate Key Points
ThePrintDollar eases against euro as Fed rate cut outlook weighs
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against the euro on Monday, extending last week's fall, as the U.S. currency remains under pressure from the Federal Reserve last week Key Points
ThePrintGold extends gains as Fed's rate-cut forecast hurts dollar, yields
By Anjana Anil (Reuters) - Gold prices extended gains on Thursday to their highest in a week after the U.S. Federal Reserve signalled that its interest rate-hiking policy is at an end and that it sees Key Points
ThePrint6 banks offering up to 8% interest rate on savings accounts
The interest rates usually range from 2.70% per annum to 8% per annum. Here is a look at banks that offer up to 8% interest rate on savings accounts. Key Points
Economic TimesFixed deposit: Is it the last window to book FDs at high interest rates as RBI pauses repo rate?
Interest rate on fixed deposits have risen significantly however they are yet to match the rise in RBI repo rate hike of 2.5% seen since May 2022. May depositors were hoping that rate will rise further but hardly any bank has raised the rates significantly in last 1-2 months. However, tight liquidity in banking system and uncertainty about inflation movement may make a case for a higher rate on FDs. However, it may not be long lived and overall interest rate on FDs are likely to fall in coming months. What should depositors do? Key Points
Economic TimesSBI Amrit Kalash: Only few days left to invest in this special FD with higher FD rates
State Bank of India offers interest rates between 3% and 7% (except Amrit kalash) for general citizens for amounts below Rs 2 crore and for senior citizens, interest rates offered are between 3.50% and 7.50%. Key Points
Economic TimesAsian stocks slide as focus turns to US jobs
By Tom Westbrook SINGAPORE (Reuters) - Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and Key Points
ThePrintCredit card EMI: You pay 18% more than the interest amount, even in 'No Cost EMI'
The interest rate that is charged on revolving dues of a credit card, can go typically up to 42% per annum, if you do not pay off the total dues by the due date. This is why many people covert their spends into EMIs. Moreover, due to various deals on offer many people opt for credit card EMI as payment option at the time of purchase. However, what if we tell you pay 18% more on interest amount and the story is no different in case of 'No Cost EMI'. Read on to know how. Key Points
Economic TimesFinancing the growth in Bharat: 4 small finance banks with upside scope of up to 38%
It might surprise many of you, ask your driver, your help at home, or the small chai shop owner how much interest he pays when he or she takes an unsecured loan taken in the private loan market. He or she might be paying four to five times more than the interest rate which any regular bank charges on an unsecured loan. That is what led to the birth of microfinance companies, now many of them are small finance banks. They are providing lending at the lowest end of the pyramid. Their interest rates were higher than normal banks would charge, but would surely much lower than what private money lenders in these parts of the country charges. That is where the opportunities are present for these small finance banks. After a phase of tough regulatory challenges, they have emerged stronger. Key Points
Economic TimesCorporate debt servicing improves despite higher interest cost
Despite a 60 basis point (0.60 percent) increase in policy rates between September 2022 and September 2023, corporate debt servicing, as measured by the interest coverage ratio (ICR), improved from 4.49 in September 2022 to 5.64 in September 2023. This suggests that higher lending rates have not negatively impacted the debt-servicing capacity of Indian firms. The interest coverage ratio is a measure of a firm's ability to service its debt. Key Points
Economic TimesHome Loan: Save Rs 7.18 lakh on Rs 40 lakh loan with LIC Housing Finance by paying Rs 3,540 online
Interest rate on home loan have risen sharply in last one and half year which has impacted borrowers significantly and they are looking for ways for reduce this burden. LIC Housing Finance is now offering a facility to make online request to interest rate reduction on home loan. Read on to know how this facility works and how you can save big with this option. Key Points
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EU court adviser rebuffs Deutsche Telekom's fight for interest on antitrust fine
An adviser to Europe's top court on Thursday said judges should dismiss Deutsche Telekom's (DTEGn.DE) bid to get EU antitrust regulators to pay interest on the reimbursed portion of a fine imposed nearly a decade ago. Key Points
ReutersYes Bank premature withdrawal penalty on FDs hiked to up to 1%; Check details
Yes Bank has increased the penalty for premature withdrawal from fixed deposits worth less than Rs 5 crore. The new penalty rates took effect on November 3, 2023, according to the Yes Bank website. Key Points
Economic TimesYes Bank hikes FD interest rates: These investors can now earn up to 8.25% fixed deposit interest rate
Yes Bank has raised the interest rates on fixed deposits under Rs 2 crore by up to 25 basis points (bps) for certain durations. The bank now provides regular residents interest rates that range from 3.25% to 7.75% after the modification. Key Points
Economic TimesFD interest rate hikes not over yet; this RBI rule can push banks to increase fixed deposit rates
Fixed deposit interest rate hike: The era of rising interest rates on fixed deposits is not over yet. Some factors that indicate this is credit growth remaining much higher than deposit growth; the recent decision of the Reserve Bank of India (RBI) to increase the investment limit of non-callable deposits to Rs 1 crore. As an FD investor, you can take advantage of rising interest rates to invest in term deposits. Know how your FD interest rate will be impacted in the short term and long term. Key Points
Economic TimesEPF Diwali Gift: EPFO starts crediting interest into PF Accounts
PF interest: Once the interest is credited, individuals can view it in their PF account. There are several methods to check the balance of a provident fund account. Key Points
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Lender ABN Amro misses net interest income forecasts, shares tumble
ABN Amro's (ABNd.AS) shares fell almost 9% on Wednesday, their biggest decline since March, after the Dutch bank's quarterly net interest income (NII) missed expectations due to higher interest payments on consumer savings. Key Points
Reuters