Fixed deposits are a popular investment option that not only helps save money but also offers attractive interest rates. Investors with a low risk appetite often prefer FDs due to the assured returns. According to Paisabazaar, FD interest rates at scheduled banks currently fluctuate between 2.5% and 9% per annum for regular depositors with tenures…
State Bank of India (SBI) has taken a significant step to help students achieve their dreams of studying abroad. The bank recently increased the limit for collateral-free education loans for higher studies overseas. SBI’s collateral-free education loan for studying abroad: With flexible repayment terms and coverage for major expenses, this scheme reduces financial hurdles and…
The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing 1,906.33 points (2.38…
Mahaparinirvan Diwas bank holiday: Are banks in Maharashtra closed on December 6 for Mahaparinirvan Diwas? No, it is not a public holiday. As such, all public and private banks in the state, including the State Bank of India (SBI), will function as usual. Mahaparinirvan Diwas pays tribute to Dr Babasaheb Ambedkar on his death anniversary….
State-owned banks like State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) are among six lenders which have bid for the loan, two bankers aware of the development said. Of the ₹39,000 crore, 70% or about ₹27,000 crore would be debt, and the rest equity. Established in January 2023, Cauvery…
Before opening a fixed deposit (FD) account, depositors typically compare the interest rates offered by banks on their fixed deposits. Lenders, typically, offer lower interest rates on short term fixed deposits and higher rates on long term deposits. This means the interest offered on three-year FD is usually higher than that on one-year-FD. Usually, depositors…
