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.
Attention to all air passengers. Air India, a leading airline of the Tata Group, has recently changed its baggage policy. This policy change occurred on May 2, 2024, when the airline announced that the free baggage limit would be reduced. Let us find out what the new limits are.
Loans against gold have become increasingly popular for obtaining quick loans whenever needed. Many people take loans by mortgaging their gold with banks. These loans offer many benefits. However, if you take a loan of 5 lakhs, how much EMI should you pay per month?
State Bank of India, has recently announced that a new rule will be implemented from June 1, 2024, affecting all 47 types of credit cards offered by the bank. Under this new rule, SBI cardholders will no longer earn reward points for government transactions categorized under merchant codes 9399 and 9311.
The PNB bank has announced new interest rates on deposits below Rs. 2 crore, which are now available on its official website. The revised rates range from 3.50 % to 7.25 % for regular citizens. Senior citizens are offered an additional 50 basis points of interest compared to ordinary citizens, with rates ranging from 4 % to a maximum of 7.75 %. Super senior citizens are offered interest rates from 4.30 % to 8.05 %.
Many people dream of owning a home. However, with the steep rise in house prices, many people opt for home loans to buy a house. If you are taking a home loan for the first time or want to upgrade your existing house, it is important to understand certain financial aspects beforehand to avoid getting stuck in debt.
Many people nowadays rely on credit cards for their daily expenses. Credit cards provide financial protection, especially during emergencies. They can also be used to obtain loans. Credit cards can also be used to get temporary financial protection in case of financial difficulties.