SBI fixed deposit (FD) interest rates hiked by up to 75 bps; Check new FD rates across tenors before investing

SBI fixed deposit (FD) interest rates hiked by up to 75 bps; Check new FD rates across tenors before investing

The State Bank of India has increased its fixed deposit (FD) interest rates for some of its schemes on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore). The FD rates were tweaked in the ranges from 0.25 per cent to 0.75 per cent. The new interest rates came into … Read more

Unchanged Repo Rate: Here’s how RBI’s move will impact home loan borrowers’ EMI repayment strategies and FD investments

Unchanged Repo Rate: Here’s how RBI’s move will impact home loan borrowers’ EMI repayment strategies and FD investments

The Reserve Bank of India’s (RBI’s) decision to keep the policy repo rate unchanged offers significant relief to home loan borrowers. As RBI maintains a status quo, the equated monthly installments (EMIs) are unlikely to see a surge. Borrowers who were bracing for a hike can breathe a sigh of relief. The RBI’s Monetary Policy … Read more

Debt funds & target maturity funds vs FDs: Who is the winner? Feroze Azeez explains

Debt funds & target maturity funds vs FDs: Who is the winner? Feroze Azeez explains

Feroze Azeez, Deputy CEO, Anand Rathi Private Wealth Management, says If one is going to get 8% with a triple AAA rated corporate bond and 7.4% with the Government of India, one should always choose 7.4% because in 10 years, corporates can go through whatever they have to go through. Why will you take that … Read more

The era of 10-12% return on FDs is never coming back: Axis Bank CEO

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NEW DELHI: India is at the fag end of the interest rate cut cycle, but the era of 10-12 per cent interest rates on fixed deposits is never going to come again. That was the message from Amitabh Chaudhry, MD and CEO of Axis Bank on Thursday. In order to cushion the impact of Covid-19, … Read more