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Interest rate News

Post Office saving schemes

31 Mar 2023

Govt Raises Interest Rates On Post Office, Other Small Saving Schemes

The new rate for the girl child savings scheme Sukanya Samriddhi has been increased to 8 percent from 7.6 percent.

23 Mar 2023

US Fed Further Hikes Interest Rate By 25 Bps In Fight Against High Inflation

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.

18 Mar 2023

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.

China central bank

17 Mar 2023

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.

16 Mar 2023

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.

16 Feb 2023

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.

European Central Bank

02 Feb 2023

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.

Post Office saving schemes

30 Dec 2022

Central Govt hikes interest on Post office senior citizen savings scheme, NSC

Govt hikes interest rate on post office savings schemes on Friday. Interest rate on senior citizen savings scheme and Kisan Vikas Patra hikes up to 1.1%. This is the second quarter of an increase in a row in interest rates for some schemes.

Bank of England warns recession

04 Nov 2022

UK economy may fall into the longest recession in 100 years: Bank of England

UK risked being plunged into the longest recession in 100 years. BoE makes historical interest rate hike to 3% since 1989 due to weak economic cues. The UK economy faces a "very challenging outlook".

Bank of England Interest Rate

03 Nov 2022

Bank of England makes the historic interest hike to 3%, its biggest since 1989

The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989. Britain has already entered a recession that could potentially last two years. Just before Thursday's policy decision, markets expected rates to peak at around 4.75%.

27 Sep 2022

Real estate sector well-placed to absorb RBI's another rate hike: Anarock

The RBI cut interest rates from 5.15 per cent when the pandemic hit to as low as 4 per cent, which then boosted real estate assets. Declining interest rates were a key reason for the massive housing demand surge in the past two years. It is widely expected the RBI may hike rates by 50 basis points in the monetary policy review meeting during September 28-30.

Post office fixed deposit

21 Sep 2022

Post Office Fixed Deposit: Earn interest rates more than banks, Check details

Post office fixed deposit is safe and profitable. Customers can open post office FDs in different tenors 1,2,3,& 5 years. 5.50 % interest is available on FD of 7 days to one year.

18 Sep 2022

Is buying a home in India amidst rising prices a right decision?

Realty experts feel that the demand for houses will not witness a massive impact. Interest rates have a profound effect on the value of residential properties. This rate hike has a moderate impact on residential property sales.

post office scheme

01 Sep 2022

Post office plan with 6.8% return: Invest in this THIS risk free income scheme

Post office's National savings certificate is risk free saving scheme with five-years lock in period. The minimum amount is Rs 1000 to begin the saving certificate scheme and offers 6.8% interest rate. Tax exemption up to Rs 1.5 lakhs is available under section 80C of Income tax in NSC scheme.

28 May 2022

IDFC Bank hikes fixed deposit interest rates, check latest FD rates

The bank has increased the interest rate on FDs maturing in 7 days to 14 days to 3.50 per cent. IDFC Bank is now offering a 3.50 per cent interest on fixed deposits (FDs) with a maturity period of 7-29 days. The interest rate on FDs maturing in 15 days to 29 days has been increased to 3.50 per cent.

07 Jan 2022

HDFC Bank FD alert! Interest rates on non-withdrawable Fixed Deposit revised

Check out the table on Domestic/NRO and NRE Non-withdrawable Fixed Deposit rates.

29 Dec 2021

FD alert! HDFC Bank revises interest rates on these Fixed Deposits

Check out the following tables for renewed HDFC Bank FD interest rates.

01 Dec 2021

HDFC Bank increases interest rate on fixed deposits, check latest rates

The bank may have taken the decision against the backdrop of inflationary trends. The increased rates of interest are applicable on FDs starting from December 1. HDFC Bank has increased the rates by 10 basis points on FDs ranging across multiple tenures.

16 Aug 2021

SBI announces higher rate on term deposits, fees waiver on car, gold loans

Customers for gold loans will eventually get a 75 basis point reduction in the interest rates. Notably, there won’t be any processing fees charged on personal and pension loan customers. SBI has also come with a 'platinum term deposits' for retail depositors.

01 May 2021

Alert! THIS bank has slashed interest rates

IDFC First Bank has slashed its interest rates on savings accounts from 6% to 4-5%. The new rates will be effective from 1 May. Bank customers with balances up to Rs 2 crore will get a 5% interest rate.

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