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EPF To Fetch Lower Returns For FY19-20
After labour ministry efforts paid off this year as it managed to convince the finance ministry to provide EPF interest rate of 8.65% for the FY ending March 2019, for the year ending March 2020, the interest rate on compulsory EPF ...
RBI To Conduct Operation Twist To Ease Interest Rates
On the lines of the US Federal Reserve's "Operation Twist" that was last resorted to in the year 2013, the Reserve Bank of India for the first time has announced simultaneous purchase and sale of government bonds under the OMOs. {image-rbi-1576815948.jpg ...
Small Savings Schemes To Fetch Sharply Lower Interest Rate From January
Interest rate on GOI-backed small saving schemes including Public Provident Fund (PPF), post office time deposits, Senior Citizens Savings Scheme, National Savings Certificate (NSC) are revised every quarter in line with the yield on benchmark 10-year government bonds. And this time ...
SBI Loans To Get Cheaper; One-Year MCLR 7.9%
Even after the RBI maintained status quo in its December bi-monthly monetary policy meet with a rate pause, SBI today has slashed its lending rate by 10 basis points. One basis point is one-hundredth of a percentage point. With effect ...
Sbi Slashes Interest Rate On Loan 1 Year Mclr 7
Home Loan Interest Rate To Fall Below 8%
In view of the falling economic growth which for the September quarter touched a 26-quarter low of 4.5%, there is widely expected a cut in the key policy rate in the upcoming RBI meet on December 5. And as retail loans ...
Rupee Opens Lower At 71.78
Rupee resumed trade on Monday at a weaker note, with a drop of 5 paise at 71.78versus the previous close of 71.73 per US dollar. In the bond market, yield on 10-year benchmark bonds stood at 6.467%. On Friday, ...
Rupee Opens Lower At 71
SBI Lowers Interest Rates On Loans
SBI, the country's leading state-run lender on Friday reduced lending rates, with it loans can be availed at cheaper rates. The bank slashed MCLR or marginal cost of funds based lending rate by 5 bps across all tenures. Perhaps this is ...
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