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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 [...]

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 [...]

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 [...]

RBI has announced that from April 1, 2009 onwards withdrawl on the other ATM centers would be free of charge. That means if you are the ICICI Bank customer, you can use the HDFC or any other bank’s atm to withdraw the money without any charge. Previously the charge is taken from the customer. Update: [...]

Home Loans major HDFC bank announced that it is reducing the home loans rates by 0.50% for the Rs.30 lacs to Rs.50 lacs segment. Now they will offer the loan at 9% interest rates. This will be applicable only to the new customers. Recently SBI has reduced the home loans rates by 0.50%-0.75% and it [...]

State Bank of India has launched two special home loan schemes that assure low interest rates in the first three years, upping the ante for its rivals in the mortgage market that has turned bullish following a pick-up in home sales in May. SBI Easy Loan for amounts up to Rs 30 lakh and SBI [...]

The country’s largest lender, State Bank of India, today said it will consider a cut in interest rates after the bankers’ meeting with Finance Minister Pranab Mukherjee scheduled for early next month. “As far as interest rates are concerned, we will take a view after (bankers’ meeting with Finance Minister),” SBI Chairman O P Bhatt [...]

There is another round of fixed deposit rate cuts to be announced soon. May be with in few days of time. As we know the fixed deposit rate reached highest 11.0% p.a. in starting of this year. People utilized this opportunity to invest more money on fixed deposit. Now, it is time for rate cuts. [...]

Introduction In this article I will be writing about the online banking systems in India and the features available with different banks across India. If you look into the modern age of banking , online banks or net banking made things much easier for the people and saves lot of time. The traditional way of [...]

The country’s largest lender, State Bank of India Bank have announced up to 50 bps reduction in their term deposit rates. IDBI has also cut its home loan rates on loans that have lower margins, effective March 3. SBI’s deposit rate cut is more significant as the reduction will provide the bank with headroom to [...]