Interest Rate

Argentina hikes interest rate 300 basis points after inflation breaks 100% barrier

The sharp hike is the first since September, when the bank raised the 28-day Leliq rate by 550 basis points to 75%, the last in a vicious tightening cycle all through 2022. It had wanted to cut rates this year on hopes inflation would cool.

Credit Suisse Troubles: What's happening at the Swiss bank and how has it renewed banking crisis fears?

Credit Suisse shares plunged to record lows of 30 per cent, prompting it to borrow $54 billion from the Swiss central bank. This plummet comes just days after the collapse of Silicon Valley Bank and Signature Bank in the US, sparking concerns about the health of the global financial system

Sundaram Financial Ltd increases interest rates up to 7.80% on fixed deposits; details here

For non-cumulative FDs due in 36 months, the company has raised the interest rate to 7.80 percent annually, 7.53 percent monthly, and 7.58 percent quarterly for elderly people

Axis Bank raises interest rates on FDs under Rs 2 crore; details here

With the revised rates, the general public's Axis Bank FD rates now range from 3.5 to 6.5 per cent, while senior citizens' rates range from 3.5 to 7.25 per cent

Bandhan Bank increases interest rates to 8% on fixed deposits; details here

Senior Citizens can benefit from an additional 0.50 per cent, or 50 basis points, raising their returns to as much as 8 per cent for a 600-day FD

Bank of Baroda and other banks hike interest rates on FDs; details here

Two distinct tensors of 444 and 555 days are included in the Bank of Baroda’s new scheme

ICICI Bank hikes interest rates on fixed deposits under Rs 2 crore; details here

Previously on 18 October, ICICI Bank increased the interest rates on a few different FD tenures by up to 25 basis points

Want to take pre-approved loan? Check what benefits you can get

Notably, pre-approved loans are only available for a limited period. That’s why making a decision at the appropriate time is so crucial

These banks are offering exciting interest rates on fixed deposits during festive season; check list

Among small finance banks, Ujjivan Small Finance Bank has the highest interest rates

Interest rate for Sukanya Samriddhi Yojana unchanged for October-December 2022 quarter; details here

At the conclusion of each financial year, interest is credited to the account and is exempt from tax under Section 80C of the Income Tax Act of 1961