Home Loans Interest Rates will be increased
It is time for the home loans interest rates hike. Already leading home loans provider HDFC and ICICI has rolled back the two year fixed rates scheme. Few weeks back RBI had hiked the CRR rates by 0.75%. It reduces the liquidity in the system and tightens the monetary policy. It leads to banks revise [...]
Implementation of base rates from July 1,2010
RBI had announced the base rate system which will set the interest rates for the bankers to lend their borrowers. Earlier the rate is known as the Prime Lending Rate(PLR) for the banks. Normally the banks can not lend the money below the PLR to avoid any loss or risk. But, banks started offering the [...]
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 [...]
Tax Saving Fixed Deposit u/s 80C
Introduction
In this article I will be writing about the tax savings fixed deposit. It is one of the popular component for the investors because of the guaranteed return amount. As of now the interest rates are not much attractive hence it losses the shine. This article presents the important facts about the tax savings fixed [...]
PNB Tax Saver Fixed Deposit Scheme
Tax Savings Fixed Deposit
I have written posts about the tax savings fixed deposit and why the fixed deposit is good for the monthly income. This will be suitable when the interest rates of the fixed deposit is high. In the recent times, all the banks have reduced the fixed deposit interest rates very low and [...]
Kotak Mahindra Bank offers new home loans interest rates
Kotak Manhindra Bank announced a new home loans offer including a loan product at a fixed rate of 8.49% p.a. for 30 months (from the date of disbursement of the loan), and subsequently, the applicable floating rate for the balance term.
The applicable rate after 30 months will be the retail prime lending rate (RPLR) less [...]
ICICI Banks Cuts home loans interest rates
India’s major private bank ICICI Bank have entered the interest rate war in the home-loan market with their fixed-cum-floating rate schemes.
ICICI Bank has launched a home-loan scheme under which 8.25% interest rate will be fixed for the first two years. The floating rates will apply after 2 years. These rates will be applicable to loans [...]
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 [...]
SBI Home Loans
Introduction
In this article I am writing about the important details about the SBI home loans. Last week I discussed with one of the SBI guy for getting the more details about the SBI home loans interest rates and other information. It is obvious that SBI provides less interest rates compare to other banks. It would [...]
Home Loans Interest Rates will be increased!!!
Introduction
In this article I am writing about the interest rates increase for the home loans in the coming months. It is expected that there will be rise in the interest rates from this year end. This article explains the reason why rates will be increased and the current situation of home loans industry. If you have any [...]
