Bank interest rates
Interest on home, auto, MSE loans to be linked to new benchmarks from April 1
Wed, Dec 05, 2018
In a bid to ensure greater transparency, the RBI Wednesday proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans be linked to external benchmarks like repo rate or treasury yields, from April 1 next year.
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SBI account holder? Your bank just hiked loan rates; HDFC Bank and ICICI Bank set to follow
Fri, Sep 28, 2018
SBI’s move is expected to trigger revision of rates by other lenders, including HDFC Bank and ICICI Bank. With credit growth picking up and deposit growth slackening, banks are forced to revise lending rates, termed as the marginal cost based lending rates (MCLR).
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Post Office Saving Schemes: Earn more interest than banks, it will cost you just Rs 10
Tue, Sep 18, 2018
This is a 5-year Post Office Recurring Deposit Account (RD), where a person can begin with a minimum amount of Rs 10 per month or any amount in multiples of Rs 5. There is no maximum limit.
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