Bank of Baroda

Photo: The Economic Times

Bank Of Baroda Increased Fixed Deposit Interest Rates

The interest rates on Bank of Baroda's fixed deposits (FDs) up to Rs 2 crore have increased. After the adjustment, the general public's FD interest rate may increase to 7.25 percent. Seniors who deposit money with the Bank of Baroda might earn up to 7.75 percent on their fixed deposits. The new rates are coming into effect today, May 12, 2023, confirmed sources.

Sat, 13 May 2023 - 10:08 AM / by Varsha Joshi

Tags: BANK OF BARODA, interest rate, Fixed Deposits, Indian Banks, business

Courtesy: Zee News India


Photo: Financial Express

Interest For Lenders To Increase From April 10, Says Indian Overseas Bank

In a major development, the Public sector lender Indian Overseas Bank has decided to revise the interest rate. As per sources, the bank in a statement said, they will revise the interest rates on term deposits by upto 40 basis points from April 10. With this, depositors will receive interest rates upto 8% by opening term deposit for a period of 444 days, confirmed the bank.

Mon, 10 Apr 2023 - 08:51 PM / by Varsha Joshi

Tags: Bank, Lender, interest rate, Overseas Bank, Indian Business

State Bank Of India

Photo: Facebook

SEBI Hikes Interest Rates, EMIs, Loans To Be Expensive

The country's largest public sector lender, the State Bank of India (SEBI) has increased the repo & reverse repo rate, making loans expensive for customers. The loan rate with a hike of 50 basis point, after the announcement of the RBI's new repo rate by 0.5% to take it to 5.90%, which came into effect from October 1, making EMIs to get costlier across all loan categories, including home loans.

Mon, 03 Oct 2022 - 05:45 PM / by Varsha Joshi

Tags: SEBI, business, Expensive Loan, RBI, interest rate

Courtesy: NDTV

EPFO office.

Photo: DNA India

Govt To Give 8.5% Interest Rate On EPF For FY21: Reports

Making a good announcement ahead of Diwali, the government has decided to keep the interest rate unchanged on employees' provident fund at 8.5% for the financial year 2020-21, said media reports on October 29. Reportedly, the rate will benefit over five crore users of the Employees Provident Fund Organisation (EPFO). Earlier in 2019-20, the rate was reduced to 8.5% from 8.65% for 2018-19. 

Fri, 29 Oct 2021 - 05:18 PM / by Brijesh Goswami

Tags: EPF, EPFO, Diwali, interest rate, Provident Fund

Shaktikanta Das

Photo: The Economic Times

RBI Maintains Status Quo On Repo Rate At 4%

For the seventh consecutive time, the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has kept the benchmark interest rate unchanged at 4%. Reportedly, the "accommodative stance is maintained as the economy is still recovering from the COVID-19 second wave". This move supports growth and keeps inflation in check. Accordingly, the reverse repo rate will remain at 3.35% and annual inflation at 4%.

Fri, 06 Aug 2021 - 01:32 PM / by Aditi Chavan

Tags: RBI, SHAKTIKANTA DAS, monetary policy committee, interest rate, Economy