Many people are waiting for loans in banks. However, interest rates on personal loans and home loans are high. Gold loans, being secured loans, are offered by banks at lower interest rates. Let’s take a look at the interest rates offered by various banks for gold loans.
Many people are now turning to gold loans as an easy and fast way to fulfill their financial needs. These loans offer low interest rates and are secured, making them a popular choice among Indians. Gold not only holds a special place in Indian culture as jewelry but also provides financial security in times of emergency.
Many people rely on home loans to build or buy their own house. However, some borrowers do not consider the interest rates when taking a loan, which can cause anxiety when paying the EMI. To avoid this, experts suggest ways to reduce the interest burden of home loans.
If you’re planning to buy gold jewelry in India, it’s important to understand how its value is calculated. Although the price of gold jewelry is generally higher than the current gold rate in the market, a few factors influence the final bill amount.
It is common for people to have multiple bank accounts these days, particularly for those with different jobs. However, what is the maximum number of bank accounts a person can have according to Reserve Bank of India (RBI) rules.
RBL Bank has revised its fixed deposit interest rates with the Special FD Scheme, and the bank has announced a revision in FD interest rates, presenting a great opportunity for those seeking high interest. The bank offers a maximum interest rate of 8.75 % on its special tenure scheme.
Many banks currently offer higher interest rates on fixed deposits due to the Reserve Bank of India’s (RBI) recent increase in repo rates. This means that depositors can expect good returns on their investments. However, some banks have been increasing their interest rates recently and are now gradually reducing them.
Indian Bank, a leading public sector bank, has extended the deadline for special fixed deposits known as Ind Super 400 and Ind Super 300 schemes that offer high interest rates. This news comes as a relief for customers who were feeling the pressure of the initial deadline.
SBI card users are in for a surprise as a new rule comes into effect from June 1. SBI Card, a State Bank of India subsidiary, has announced that it will no longer offer reward points for government transactions on 47 types of credit cards. Only some card users will earn reward points on government-related transactions issued by SBI Card.
Many people consider investing in fixed deposits, but only some know which bank to choose or the interest rates. The largest government bank in India, SBI, has introduced a new multi-option deposit scheme, SBI MOD FD. Unlike other fixed deposits, you can withdraw funds from this account anytime without paying additional fees.