Tag Archives: interest

Finance, Reliance Group stock futures witness surge in interest

Mid-cap stocks are in momentum in the March series as they have seen significant addition in open interests. While shares of Anil Ambani’s Reliance Group companies trading in stock futures have risen 6-19% so far in the March series, shares of finance companies are also witnessing high open interests. The BSE MidCap index has gained 6.7% in the last two ... Read More »

These Banks Pay Up To 9.55% Interest On Fixed Deposits Below Rupees 1 Crore

tate Bank of India (SBI), offers 6.8 per cent interest for a tenure of one year to less than two years. Small finance banks (SFBs) are niche banks which aim to extend financial services to under-banked customers. Since these banks are new, they offer higher interest rates than mainstream banks because they want to attract more customers. They also offer ... Read More »

6 mistakes that small investors make when stock market is doing well, interest rates are rising

The biggest investing mistakes happen when markets are doing well. ET Wealth looks at the errors that small investors could make now. Rohit Verma is more surprised than worried when he looks at his mutual fund statement. “The markets have gone up by almost 20% in the past one year but my mutual funds are showing losses,” says the Delhi-based bank executive. Verma had ... Read More »

Different SBI Savings Bank Accounts Explained: Interest Rates, Minimum Balance And Other Details

SBI small savings account: A person holding this account is allowed a maximum balance of Rs. 50,000 State Bank of India (SBI) offers several special types of savings bank accounts. These include the savings plus bank account, basic savings bank account, small savings accountand savings account for minors. While all these bank accounts offer an interest rate of 3.5 per cent for balance up to Rs. 1 crore, just ... Read More »

SBI’s Overdraft Facility Against FD For Online Customers: Interest Rates, Eligibility Explained Here

Customers can now avail an overdraft against Fixed Deposit (FD) via State Bank of India (SBI) YONO app, informed country’s largest lender on its official twitter handle- @TheOfficialSBI.  Under SBI’s overdraft facility, customers holding fixed deposit (FD) in a single name can avail up to 90 per cent of the fixed deposit (FD) amount as an overdraft to meet emergency and other needs. The ... Read More »

You are eligible for the PF interest even if your account has been inoperative

I recently lost my job where I was earning Rs80,000 per month. After staying unemployed for 5 months, I took up a job that is now paying me Rs50,000 per month. I have an EMI of Rs25,000 for the next 7 years. My investments are—Rs35 lakh in fixed deposits, Rs2 lakh lump sum in mutual funds and Rs5 lakh in ... Read More »

Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

The rate of interest on PPF is compounded annually (Representational image) HIGHLIGHTS PPF, other small savings schemes interest rates are set every quarter Deposits in PPF account are eligible for tax deductions under Section 80C Up to Rs. 1.5 lakh can be claimed for a financial year under Section 80C COMMENTSPPF or Public Provident Fund is one of the most ... Read More »

Lend Money, Earn Interest? Not Easy in Europe’s Loan Market

(Bloomberg) — For investors still waiting for the first interest payment on the leveraged loan they joined, there may be a glimmer of hope. The Loan Market Association, an industry body, is preparing to publish guidelines aimed at speeding up the settlement process and making the European leveraged loan market more efficient. “We are in the final stages of drawing ... Read More »

UK interest rates stay steady at record low of 0.25%

A Bank of England’s monetary policy committee voted 7-2 in favour of holding interest rates steady. Photograph: Alicia Canter for the Guardian The Bank of England left interest rates on hold at their record low of 0.25% amid sluggish pay growth and a squeeze on household spending, while hinting that a rise may come sooner than expected. The Bank’s monetary policy ... Read More »

HDFC Bank cuts savings account interest rate by 50 bps: As rates fall, it’s time you shift to liquid funds

HDFC Bank on Thursday announced slashing interest rate on savings accounts starting this Saturday, joining a spate of banks who underwent the similar exercise in recent weeks. According to the bank, customers who maintain a savings bank account balance of Rs 50 lakh and above will continue to earn interest rate at 4 percent per annum. Similarly, customers having a ... Read More »