Term Deposits

If you think RBI’s 35 bps surprise rate cut is big bonanza for common man, the joke is on you; here’s why

The banks have room for further reduction of at least 80 bps in their lending rates if these entities choose to pass on the full benefit of the RBI rate cuts to the end-borrower.

Govt cuts interest rates of small savings schemes by 10 bps for July-September quarter

Schemes that will fetch lower interest are Kisan Vikas Patra (KVP), Public Providend Fund (PPF), among others

Govt hikes interest rate on NSC, PPF, other small savings schemes by up to 0.4% for October-December quarter

Public Provident Fund (PPF) and National Savings Certificate (NSC) will fetch an annual interest rate of 8 percent as compared to existing 7.6 percent, while Kisan Vikas Patra (KVP) will yield 7.7 percent and mature in 112 months as against 118 months in the previous quarter.

Govt slashes interest rates by 0.1% on PPF, Kisan Vikas Patra, other small savings schemes

Kisan Vikas Patra (KVP) investments will yield 7.5 percent and mature in 115 months