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Deposit Rate News

Deposit, Lending Rates To Not Change In Line With Key Policy Rate Cut

Even though the Reserve Bank of India in its sixth bi-monthly monetary policy review on Thursday lowered its benchmark repo rate by 25 basis points to 6.25%, the same may not reflect in deposit or lending rate any time soon. Repo ...

You Will Get Higher Bank Deposit Rate As Credit Demand Picks Up

As the economy is fast gearing and credit disbursal is picking up, banks will have no option but ot mobilize deposits from the public and offer higher interest rates. As loan portfolio is seeing a rise with the banks, deposit ...

Axis Bank Cuts Savings Deposit Rate

Axis Bank has cut the interest rate on savings accounts by 50 basis points to 3.50 per cent per annum for the balance of up to Rs. 50 lakh. The private sector lender will continue to offer 4.00 per cent interest ...