Interest Rate | The Asian Age

Wednesday, May 08, 2024 | Last Update : 12:15 PM IST

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The finance ministry does not disagree with 8.65 per cent interest on EPF for 2018-19.

8.65 pc interest on EPF to be notified soon: Gangwar

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.

30 Aug 2019 1:11 PM

The bank is passing interest rate benefits directly to the customers and it will make the retail loans cheaper.

Bank of Maharashtra to link retail loans with repo rate

The bank has already linked the housing loan interest rate with repo rate.

26 Aug 2019 11:11 AM

The move to reduce interest rate on fixed deposits by the country's largest lender is expected to be followed by other lenders.

SBI cuts interest rates on fixed deposits up to 0.5 per cent

The bank has slashed the interest rate for the fixed deposits with maturity of 7-45 days to 4.5 per cent from existing 5 per cent.

23 Aug 2019 3:08 PM

RBI Governor Shaktikanta Das recently asked all banks to link their interest rate with repo for faster transmission of the central bank's policy actions.

RBI minutes to cap yields; revives expectations for further policy easing

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.

22 Aug 2019 11:55 AM

ICICI Bank offers fixed deposits from maturities ranging from 30-45 days, 46-60 days and 1 year-389 days.

ICICI Bank reviews fixed deposit rates; here are the latest FD rates

Senior citizens continue to get higher interest rates than the general public.

14 Aug 2019 3:27 PM

Improving transmission remains key to the success of the latest RBI rate cut.

Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

08 Aug 2019 12:43 PM

After this cut, home loans of the bank have become cheaper by 35 bps since April.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

07 Aug 2019 2:45 PM

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

07 Aug 2019 11:56 AM

RBI may go for 25 bps rate cut on Wed for 4th time in row

Industry also expects the six-member MPC to take steps to improve liquidity situation and also ensure transmission of rate cuts.

05 Aug 2019 9:38 AM

As banks and HFCs consider an array of factors while setting your home loan interest rates, an awareness of those factors can help you to get the best deal with the lowest interest cost.

6 factors that will influence your home loan interest rates

Even a slight difference in their interest rates can lead to a significant difference in the overall interest cost of the loan.

01 Aug 2019 12:32 PM

The Reserve Bank of India is widely expected to lower interest rates on August 7 after the Monetary Policy Committee meeting.

SBI slashes deposit rates by 20-75 bps

For five years to up to 10 years, the new rate is 6.5 per cent.

30 Jul 2019 1:21 AM

Government did not intend to review the budget proposal for overseas sovereign borrowings, says Nirmala Sitharaman. (Photo: ANI)

FM Sitharaman seeks more rate cuts, says no review on overseas borrowing plan: report

India’s benchmark 10-year bond yield was down 10 bps at 6.43 per cent after falling to 6.42 per cent.

29 Jul 2019 11:14 AM

State Bank of India (SBI) cuts its one year MCLR by 5 bps points to 8.40 per cent.

How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 Jul 2019 1:21 PM

SFBs were basically made to cater to areas which were not served or underserved by the banking sector. (Representational Image)

FDs of Small Finance Banks vs Commercial Banks: Which one should you go for?

SFBs are giving interest rate up to nine per cent on their regular FDs and offering 9.5 per cent in case of senior citizen FDs.

19 Jul 2019 1:51 PM

The effective income tax rate for individuals with a taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent.

Govt to soon issue clarification on applicability of surcharge on FPIs: Finmin

FM Sitharaman proposed to increase surcharge from 15 pc to 25 pc on taxable income between Rs 2 cr and Rs 5 cr.

09 Jul 2019 8:30 AM

Direct tax revenue has significantly increased by over 78 per cent from Rs 6.38 lakh crore in the financial year 2013-14 to around Rs 11.37 lakh crore in the financial year 2018-19.

Budget 2019: High-end income group people need to pay 3 pc to 7 pc more annually

Budget 2019 proposes to make return filing compulsory for persons, who have deposited more than Rs 1 cr in a current account in a year.

05 Jul 2019 2:57 PM

PPF and National Savings Certificate will fetch annual interest rate of 7.9 per cent from the existing rate of 8 per cent.

Govt cuts interest rate on small savings schemes by 0.1 per cent

Interest rate for 5-year Senior Citizens Savings Scheme will now fetch a lower rate of interest at 8.6 pc from 8.7 pc.

29 Jun 2019 12:03 PM

The one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced.

IDBI Bank cuts MCLR by 5-10 bps across various tenors

The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.

12 Jun 2019 3:39 PM

Hlights of the second bi-monthly monetary policy announced by the RBI on Thursday.

Highlights of RBI's monetary policy statement

Raises retail inflation forecast for Apr-Sept to 3-3.1 per cent and 3.4-3.7 per cent in Oct-March.

06 Jun 2019 12:48 PM

RBI cuts key rate by 25 bps, changes neutral policy stance to accommodative

Benchmark interest rate was cut by 0.25 per cent to 5.75 per cent from 6.00 per cent.

06 Jun 2019 12:04 PM

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Abhijit Bhattacharyya