Last Updated:February 24, 2025, 07:00 IST To maximise returns, it is crucial to compare interest rates from different banks before committing to an FD. FD interest rates. FD Interest Rate Comparison: Amidst a volatile stock market failing to provide expected returns, investors are turning their attention back to the security of Fixed Deposits (FDs). FDs…
Last Updated:February 23, 2025, 15:16 IST In its latest meeting, the RBI’s Monetary Policy Committee (MPC) had unanimously decided to cut the repo rate by 25 basis points to 6.25%. RBI cuts its repo rate by 25 bps. State-owned Bank of Maharashtra (BoM) has reduced interest rates on retail loans, including home and car loans,…
The US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming. Indeed, Fed Chair Jerome Powell said that after starting 2024 with three months…
Curated By: Business Desk Last Updated: September 21, 2023, 12:01 IST SBI offers a home loan interest rate starting from 8.40 per cent per annum. If you are planning to take a home loan, you should check out the rates of all the banks to get the best possible offer. Everyone dreams of owning a…
Published By: Business Desk Last Updated: September 13, 2023, 07:00 IST Recurring Deposit plans have been designed to inculcate a regular savings habit among people. (Representative image) The RD schemes are suitable for people who are looking to invest small amounts every month. Recurring Deposits, often known as RDs, are special term deposits provided by…
Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading Tuesday afternoon, a price…
Curated By: Business Desk Last Updated: August 24, 2023, 12:45 IST FD is considered an effective way to save money. An FD account is easy to open, offers good returns, and is a safe investment option. Fixed deposit (FD) accounts are a good way to maximise your savings. With an FD account, you can put…
Published By: Business Desk Last Updated: August 22, 2023, 07:00 IST The interest component of the SBI WeCare Special Term Deposit Scheme is compounded and only paid at maturity. (Representative image) The SBI WeCare Deposit Scheme is a tailor-made scheme intended for senior citizens with tenures of at least five years. India’s largest public sector…