Friday, Mar 31, 2023
Jul 29, 2019 Outlook Web Bureau Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days, SBI said in a statement on Monday.
Feb 21, 2019 Outlook Web Bureau The proposal would now go to the Finance Ministry for approval, Labour Minister Santosh Gangwar said after the CBT meeting.
The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.
Sep 20, 2018 Outlook Web Bureau Interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively. The interest on the senior citizens' scheme is paid quarterly.
The increase in fixed deposit rates is likely to put pressure on lending rate as well.
The decision to hike key interest rates comes amid a hike in crude oil prices and rising inflation.
The decision to hike key interest rates or not comes amid a hike in crude oil prices and rising inflation, which are considered to be the key factors that will influence the decision.
Reserve Bank of India (RBI) kept its repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively.
For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50 per cent.
As per the notification, PPF and NSC will fetch a lower annual rate of 7.6 per cent while KVP will yield 7.3 per cent and mature in 11 months.
However, bankers are of the view that the Reserve Bank of India (RBI) would maintain status quo as inflation has seen witnessed an increase.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.
PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.
PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.
PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
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