In the case of NRE accounts, the interest rates are subject to a ceiling. For fixed deposits, LIBOR/SWAP rates on US dollars are the reference point, while in the case of savings accounts, the interest rates have to be maintained below the LIBOR rate. LIBOR refers to the London Interbank...
Compare RD Interest Rates of Other Banks Bank NameRD Interest Rates Punjab National Bank 4.40% to 6.50% City Union Bank 5.75% to 6.50% Canara Bank 5.25% to 6.90% Indian Bank 3.50% to 6.70% BOB Bank 4.50% to 7.05% Central Bank of India 4.50% to 6.75% Karur Vysya Bank 6.00% to 7.00...
Private Banks:In private banks, Axis bank has increased FD interest rates for 2, 3 and 4 years tenure to 9.2%. 9.05% and 9.05%, respectively. The Lakshmi Villas bank has increased interest rates for the 1 to 5 years tenure to 9.3% rate across all tenures. Public Sector Banks:Corporatio...
Interest rates, International economics, International monetary economics, International Monetary Fund IMF, Land and political economy, Microeconomic foundations of macroeconomics, Monetary Theory, Money and banking, Paper money and deposits, Power-elites and nomenclatura, Public Choice/Public Finance, Public...
"In order to attract more capital inflows, RBI has decided to increase the interest rate ceilings on FCNR (B) deposits. Accordingly, with effect from today (December 6, 2024), banks are permitted to raise fresh FCNR(B) deposits of 1 year to less than 3 years maturity at rates not exc...
Fixed Deposit, Sustainable Fixed Deposits and Term Deposit-i Board Rates* (Applicable for Retail Individuals and Business Banking clients only) Tenure Interest Rate (%) p.a. 1 month 2.50 2 months 2.50 3 months 2.50 4 months 2.65 5 months 2.65 6 months 2.65 7 months 2.70 8 months 2.70 9...
Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI. For senior citizens, above rates would apply. For Basic Savings Bank Deposit Account, above domestic rates would apply. ...
The present paper explores the causal relationship and long term association between call money interest rates and various Term deposit interest rates structure in India for the period from 2001–02 to 2015–16(up to July 14, 2015) using yearly data with the application of unit root test, ...
In the end, we have carried on the sensitivity analysis to test the potential influencing power of the unique interest rates. Most of our results should be of grave concern to the Indian banks, policymakers and academicians. Foremost, we found that ARIMA (2-1-1) forecasting model of ...
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