According to the bank website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid ...
Loan tenure is 1 year to 4 years. Interest rate currently is up to 16.30% as per records in April 2018. Interest rates are also influenced by the tenure of loan. Loans get sanctioned when the business owner and his background is convincing with regards to the servicing of loan. This fac...
As a result, the standing deposit facility (SDF) rate stands unchanged at 6.25 percent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The benchmark interest rate was last changed by the MPC in February 2023. ...
7.1% interest will be earned on deposits made under the SDS for non-government provident, superannuation, and gratuity funds between July 1 and September 30. The rates from the April–June quarter have not changed. The interest rate on SDS form one important aspect affecting the announcement of...
December 10, 2023 As the temperature starts to rise during the summer months, staying comfortable and cool in bed becomes a top priority for many people, especially for those who tend to sleep hot. One of the key elements in achieving a restful night’s sleep in the heat is choosing the...
RBI has raised its growth forecast for 2023-24 to 7%. RBI has projected inflation to average at 5.4% in FY24. International Monetary Fund (IMF) has kept India’s growth rate at 6.3% for 2023 and 2024. At present, IMF expects India to become a $5-trillion economy by 2028. ...
April Financial Awareness 2024March Financial Awareness 2024 Topic: Banking/Financial/Govt Schemes 6. SBI has launched a 444-day term deposit scheme with an interest rate of 7.25%. The scheme is named Amrit Vrishti. It is available to domestic and non-resident Indian customers. ...
RBI’s quarterly Basic Statistical Return (BSR) data for December, 2023 shows that between April and December of 2023, TDs constituted approximately 97.6% of all deposits on an incremental basis. In December 2023, the percentage of term deposits with interest rates higher than 7% increased from ...
1. Overseas presence of Indian Bank increased during 2023-24 according to RBI survey. 2. India’s coking coal imports for the April – September months of the current fiscal increased to six-year high level. 3. The US-based Global Finance magazine has ranked RBI Governor Shaktikanta Das as...
In H1 ending September 30, 2023, pharma exports grew by 5% at $13,361 million as against $12,723 million in the corresponding period of the last financial year. Overall exports in September grew by 9%. This is the 2nd highest monthly growth after April. A growth of 9.43% was recorded...