Tag Archives: rates

Latest Fixed deposit (FD) rates: SBI vs ICICI Bank vs HDFC Bank vs Axis Bank vs Kotak Mahindra Bank

Are you looking to invest your money somewhere? Usually your parents or elders would advise you to invest in fixed deposits (FDs) as it is considered as the safest means of investment. FD accounts can be opened in a post office or bank. All major banks, including State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra ... Read More »

BoI, Syndicate Bank, Allahabad Bank cut lending rates by up to 25 basis points

More banks in the public sector came forward to announce cuts in their lending rates days after RBI cut repo rate by 35 basis points. This time, the banks to make the announcements are Bank of India, Syndicate Bank and Allahabad Bank. While BoI and Syndicate Bank have cut their marginal cost of fund-based lending rates or MCLRs by 25 basis points, ... Read More »

Market Movers: Govt hikes import duty on 19 items; Fed hikes rates & Aadhaar valid with riders

Here’s a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds. Aadhaar Valid but With Riders The Supreme Court upheld the constitutional validity of the government’s Aadhaar scheme as pro-poor and inclusionary on Wednesday, but scrapped provisions of the legislation that were seen as enabling surveillance by the state. Aadhaar won’t be ... 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 »

82% of Marketers Report Increased Open Rates Through Email Personalization

Get this, 82 percent of marketers reported an increase in open rates through email personalization, while 75 percent believe that personalization yields higher click-through rates. This information and more is featured in a new infographicActiveTrail, a company specializing in marketing automation. And while most small business owners and marketers have started to appreciate the power of personalization in the client acquisition ... Read More »

SBI hikes retail fixed deposit (FD) rates but reduces shorter term bulk deposit rates

SBI FDs with maturity between 5 and 10 years will now fetch an interest rate of 6.85% India’s largest bank, State Bank of India or SBI, has increased interest rates retail fixed deposits or FDs, below Rs 1 crore. The revised rates came into effect from 30 July, just ahead of the RBI’s monetary policy announcement on 1 August. The higher ... Read More »

RBI to hike rates again by year-end, August still in play: Poll

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at the next meeting in August. Accelerating inflation and India retaining top spot as the fastest-growing major economy prompted the RBI ... 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 »

Rupee dives, market cautious! How a hike in US Fed rates today can impact India

The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points. Ahead of the meeting yesterday, anticipating higher rates, not only ... Read More »