E-PaperSaving Account Rate News
Industry
SBI links repo rate to savings account, loans
From 1 May, savings bank deposits with balances above ₹1 lakh will be linked to repo rate (6.25%) minus 2.75% with an effective saving account rate of 3.50% per annum.In case of lending, all cash credit accounts and overdrafts with limits above Rs1 lakh will be linked to the repo rate plus a spread of 2.25%—to 8.50%
2 min read16 Mar 2019Industry
PNB, HDFC Bank cut interest rate on savings account by 50 bps to 3.5%
PNB and HDFC Bank's revised interest rates on savings accounts will be effective from 19 August
1 min read17 Aug 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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