Savings Rates

Interest rate on small savings schemes retained for Oct-Dec quarter

Public Provident Fund will continue to earn 7.1% interest; National Savings Certificate will fetch 7.7%

HDFC Bank trims FD, savings & RD rates again in June: Here's what changing

Private-sector lender announces such a decision for the second time in June after central bank's repo rate cut earlier

HDFC Bank, ICICI Bank, Federal slash savings rates: New terms explained

Lenders shift too flat rates and others continue with tiered returns after central bank's policy decisions

DBS Bank hikes savings rates by up to 5.5%: Here's what customers will get

DBS Bank says interest-calculation method ensures that customers benefit from daily fluctuations in their account balances

Canara Bank revises rates on FDs, savings: What's changed for you

State-owned lender, Canara Bank announces perks for senior and super senior citizens, depending on tenure of accounts

ICICI bank joins bandwagon, slashes FD, savings rate up to 50 bps

Its rates for various tenures now range from 3% to 7.05% for general customers and 3.5 per cent to 7.55 per cent for senior citizens.

Fincare Small Finance Bank hikes interest on savings account to 7.5%

The interest rates on savings accounts of Fincare Small Finance Bank range from 3.51 per cent to 7.50 per cent

Now, senior citizens can enjoy high and guaranteed returns for long term

Since there are penalties for premature withdrawal, take liquidity needs into account

Banks raise Certificate of deposit by 20 bps in Oct to cater credit demand

CDs, which are short-term debt instruments employed by banks to amass funds, have seen an uptick in rates

MSS certificate can be operationalised at PSBs, select private banks: Govt

The Mahila Samman Savings Certificate (MSSC) scheme offers a fixed interest rate of 7.5 per cent to women

Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction

Growth of money kept in current accounts moderated to 8.8% this September, from 17.5% a year ago

SBI cuts savings deposit rate by 5bps to 2.7%;BoB raises FCNR deposit rates

State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15. The new saving rates are applicable on balances of less than Rs 10 crore, on which the bank earlier offered 2.75 per cent per annum interest. The lowering of rates on savings accounts by SBI comes at a time when the peer lenders have been raising deposit rates to mobilise funds. However, on saving account balances of Rs 10 crore and above, SBI has increased the deposit rates to 3 per cent per annum from 2.75 per cent earlier. Bank of Baroda on the other hand hiked the interest rates on foreign currency non-resident (FCNR) deposits across various currencies and maturity periods by up to 135 basis points. The new deposit rates came to effect from October 16, 2022 and will remain in force till November 15, 2022, Bank of Baroda said in a release on Monday. The revised rates are applicable on fresh and existing FCNR deposits which are ren

ICICI, Union Bank of India cut savings rate

SBI started the trend on July 31 with a cut of 50 basis points on savings deposits

Govt slashes interest rates on small savings schemes like PPF, KVP

Interest on savings deposits has been retained at 4% annually

Small savings rates cut by 0.1%

A notification said that investments in the PPF scheme would fetch a lower annual rate of 7.9%