Interest rates on term deposits of more than ₹2 crore to ₹5 crore was reviewed by private sector lender HDFC Bank. According to the bank’s official website, the new rates come into effect on August 25, 2022. Following the revision, the bank now offers an interest rate on term deposits with maturities of 7 days to 10 years of 3.50 % to 5.90% for the general public. and from 4.00% to 6.65% for seniors.
da-kuk/E+ via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on April 28, 2022. First Trust Specialty Finance & Financial Opportunities Fund (NYSE: FGB) may not had the best history in terms of price appreciation. However, this year it has resisted […]
While consumer loans may be readily available, how do you get them cheap? Mel Gerard Carvill, Non-Executive Director and Member of the Board, Home Credit NV, talks to Business Today in detail about what to consider when applying for a loan. BT: How to obtain a loan at the cheapest rate? Email: The first thing […]
Indian Overseas Bank (IOB) cut fixed deposit (FD) interest rates below ₹2 crore for various short term terms. This comes at a time when lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank and others are raising interest rates on their term deposits. According to the Indian Overseas Bank website, the new rates […]