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Which bank offers highest FD interest rates: SBI vs HDFC Bank vs ICICI Bank [ad_1] HDFC Bank According to the HDFC Bank website, effective June 17, 2022, 7 days to 29 days FD will now earn 2.75 percent, up from 2.50 percent. For tenor 30 days to 90 days, the bank will now offer 3.25 percent, up from 3 percent. ...

Bank of Baroda to offer 6.5% FD interest rates on this tenure for senior citizens [ad_1] Banks have launched special fixed deposit schemes to commemorate the 76th Independence Day. After the State Bank of India, Bank of Baroda has announced the introduction of the Baroda Tiranga Deposit Scheme, a unique term deposit product with higher interest rates. The interest rates ...

SBI to offer free doorstep banking services to these customers [ad_1] Many banks offer doorstep banking services to their customers especially to senior citizens and disabled customers. The State Bank of India (SBI) has announced that it will now allow differently abled customers to avail doorstep banking services thrice in a month for free. According to the latest SBI tweet, ...

Bank Holiday Today: Is it a bank holiday today? [ad_1] Banks in some cities in Maharashtra are closed due to Parsi New Year (Shahenshahi). While banks in other states are open today, except for in Maharashtra where banks are closed today due to Parsi New Year. As per the Reserve Bank of India’s (RBI) calendar list all banks are closed ...

SBI hikes these loan interest rates by 20 bps: Check new rates [ad_1] State Bank of India has raised its marginal cost of lending rate (MCLR) on loans by 20 basis points. The higher MCLR is effective from August 15, 2022. (One basis point is equivalent to a hundredth of a percentage point.) Loans linked to an external benchmark (EBLR) ...

Dollar firm vs Aussie, euro, Chinese yuan on heightened recession worries By Kevin Buckland SINGAPORE/TOKYO/HONG KONG (Reuters) -The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data regnited recession fears. The dollar index, which measures the greenback against six major ...

What is a letter of comfort? . In April this year, the Union finance ministry had barred ministries and departments from issuing letter of comfort. The idea was to usher in transparency. And now, the Reserve Bank of India has disallowed such quasi bank guarantee instrument provided by a corporate. So what is this document? . A letter of comfort ...

Mutual Fund: Mid-cap mutual fund have earned 8.3% in last one month: Should you bet on mid-caps now? [ad_1] Mid-cap stocks have started buzzing again after nearly a year of tepid returns. Equity funds riding on midcaps have taken off, fetching 8.3% over the past one month—behind only sectoral funds, Value Research data shows. Are mid-caps really poised for a ...

Are loans the best way to build assets? [ad_1] Neil is 38 and has several EMIs to pay—for his car, home and personal loans. He has a young family of two children and an unemployed wife. He is not too worried as he earns a good salary and is confident of being gainfully employed, given his professional qualifications. Neil thinks ...

MF portfolio doctor: Khosla’s retirement corpus target of Rs 25 crore is too ambitious [ad_1] Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends ...