Plan Your Investment

After a prolonged wait of over 9 months, RBI has reduced the Repo and Cash Reserve Ratio (CRR) by 25 basis points. This move has taken by RBI to maintain the economic growth by infusing more money into the banking system. Repo rate is the interest rate at which RBI lending to the banks. Cash [...]

In the last week, I have posted an article about the home loans interest rates and I have pointed out the reason why the home loans interest rates would go down in the near term. I expected that this would possible go down only when RBI is reducing the key interest rates related to the [...]

Last year has been not very good year for the home buyers. Because of the high interest rates for the home loans and high inflation rates. It is negatively impacted the real estate companies with less sales compere to the previous years. It is not only that home loans interest rates are high, all the [...]

In my earlier posts I have informed the readers that the deregulation of the savings banks account is in the progress. The intention of setting the savings bank interest rates by the banks itself would intensify the competition among the banks and the interest rates would go up. It will be beneficial to the customers. [...]

It is once again, the key rates are increased by the Reserve Bank of India (RBI). This move gave the shocking wave in the market today (sensex down 350 points). It is unexpected move which was expected by the analysts as probably 25 points or there won’t be any changes. But, RBI has hiked the [...]

Home Loans interest rates are shooting up to the top. RBI has increased its important rates several time within last year. It results in all the banks increasing the home loans interest rates sharply and making the big hole on house owners budget. That too who bought the house within past five years would have [...]

ICICI has decided to increase its benchmark lending rates by 25 basis points. This change will be effective from July 4, 2011. The revised base rate and Benchmark Prime Lending Rate (BPLR) will be 9.50% and 9.2%. The bank also increased the floating reference rate (FRR) to 15.25%. Bank said the rates changes will not [...]

Mahindra Finance has revised the fixed deposit interest rates with effect from 24th May, 2011. It has the advantage of highest rating for the safety of your investments that is FAAA. Earleir I have written about the Mahindra finance fixed deposits. The following are the revised interest rates: If you are interested in opening mahindra [...]

If you are happened to read the recent newspapers, it is most likely to read a news talking about the base rate system for the banks. Every banks announcing the base rates for lending loans. What is that?. I have written earlier in March 2010, about the implementation of the base rate system from 1st [...]

Savings Bank Account Deregulation All the banks in India has to offers 3.5% interest rates for all the savings bank account holders.  It is the regulation enforced by Reserve Bank of India (RBI). This regulation has been amended recently to give the exact interest rates for all the days in a month. Previously banks provided [...]