HDFC Bank Increases Fixed Deposit Rates
India’s second largest private sector bank HDFC Bank has increased the fixed deposit rates by 150 points. Earlier I have posted about the CRR Ratio hike by the Reserver Bank of India(RBI). As I have explained in the post. CRR hike will reduce the liquidity of the banks and will tighten the money lending to [...]
SBI Reduced Term Deposit Interest Rates
SBI Reduced Term Deposit Interest Rates
SBI has reduced the term deposits interest rates effective from 9th November, 2009. The difference from the previous rates are varied from 0.25% – 0.50%.
Interest Rates for Deposits below Rs. One Crore
(% p.a.)
Tenors
Existing w.e.f. 05.10.2009 (% p.a.)
Revised w.e.f. 09.11.2009 (% p.a.)
15 days to 45 days
2.75
15 days to [...]
What is Super Saver and Sweep-In Facility?
Introduction
In this article I will be writing about the one of the features Super Save and Sweep-In provided by the banks to its customers. I am writing this post with the details from HDFC bank. Also it is the response for our reader (Siva) posted in ask questions. His question is
HDFC bank offers sweep-in and [...]
HDFC Bank Fixed Deposit Interest Rates
HDFC Bank Fixed Deposit Interest Rates
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IDBI Bank revises Fixed Deposit rates
IDBI Bank revises its Fixed deposit interest rates with effective from August 12th 2009. It is known that many of the major banks like SBI, ICICI Bank started slashing the interest rates for the fixed deposit schemes. Below table presents the latest interest rates offered by IDBI bank:
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ICICI Bank to reduce FD Interest Rates from August 17, 2009
I am writing this post to inform you about the Interest Rates reduction by ICICI Bank in this month. ICICI Bank announced that it offers 8.65% interest rates to the new customesr if they are opening till August 16, 2009. The rates will be reduced with effect from August 17, 2009. If you have plan [...]
SBI’s Fixed Deposit Interest Rates (2009)
Introduction
India’s largest bank SBI reduced its fixed deposit interest rates. If you are an investor, nowadays parking the money in FD is not an good option because of the low interest rates.
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In the recent days many of the banks started reducing the interest rates on the fixed deposit schemes. This article [...]
Mahindra Finance Fixed Deposit Revised Rates from April 20, 2009
Mahindra Finance fixed deposit is one of the popular corporate fixed deposit schemes. they offered very good interest rates for the investors, from April 20, 2009 they are planning for reduce the fixed deposit interest rates. The revised rates are in the below table:
Cumulative
Duration Interest Rate
12 months 9.00% 9%
18 months 9.25% 9.25%
24 months 9.50% [...]
