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Latest Articles in interest rate

RBI Tweaks Norms For Interest On Unclaimed Amount After Deposit Matures

The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.

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Govt Amends Rules Pertaining To Indian Accounting Standards

Under the revised rules, entities are required to make additional disclosures related to interest rate benchmark reform.

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Will Try To Keep Soft Interest Rate Regime As Long As Possible: SBI Chief

The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients.

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RBI Fixes Centre's WMA Limit At Rs 1.2 Lakh Cr For First Half Of Next Fiscal

The interest rate on WMA is equal to the repo rate and on overdraft, it is two per cent above the repo rate. The current repo rate is 4 per cent.

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EPFO Retains 8.5 % Interest On EPF Deposits For 2020-21

The CBT decision on interest rate would be send to the finance ministry for concurrence. After getting the finance ministry's nod, the 8.5 per cent rate of interest for this fiscal would be credited into the EPFO subscribers' accounts.

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EPFO Likely To Declare Rate Of Interest On EPF Deposits For 2020-21 On March 4

The EPFO had provided 8.65 per cent interest rate to its subscribers for 2016-17, and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

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Bitcoin Slides More Than 5% After Topping $40,000 For First Time

Bitcoin has rallied more than 700% since a low in March. It topped $30,000 for the first time on Jan. 2, after surpassing $20,000 on Dec. 16.

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Finance ministry releases 10th instalment of GST compensation to states

Finance ministry releases 10th instalment of GST compensation to states

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Bitcoin Touches Record Above $29,000, Extending 2020 Rally

The world's most popular cryptocurrency touched $29,300 before pulling back, most recently down 0.67% at $28,774.36. It has surged by nearly half since breaking $20,000 for the first time on Dec. 16.

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State Bank Of India Expects RBI To Hold Interest Rate

India's retail inflation remained above 7% in October for a second straight month, with vegetable prices at elevated levels. At current levels, inflation is well above the RBI’s medium term target of 4%.

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Bank Of England Slashes Interest Rates To Record Low In Coronavirus Emergency Move

The Bank of England's decision to slash its interest rate by half a percentage point to 0.25% is in line with to help keep firms in business and people in jobs.

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Small Savings Rate May See Moderation Next Quarter: DEA Secy

Government refrained from cutting interest rates on small savings schemes, including Public Provident Fund.

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IDBI Bank Launches Repo-Linked Home, Auto Loans

Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum onwards.

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Govt Hikes GPF Interest Rate To 8 Per Cent For Oct-Dec Quarter

The rate is in line with that for Public Provident Fund. The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19

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Bank Of India Slashes Interest To 3.5% For Deposits Up To Rs 50 Lakh

BOI said customers maintaining savings bank balance up to Rs 50 lakh will get 3.5 per cent while those maintaining above Rs 50 lakh will continue to earn an interest of 4 per cent per annum

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