Tuesday, Jun 28, 2022
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Yes Bank Announces Floating Rate FD At Interest Up To 6.5% For All Domestic Customers

Yes Bank Announces Floating Rate FD At Interest Up To 6.5% For All Domestic Customers

The floating rate fixed deposit is linked to the repo rate as announced by the Reserve Bank of India, thus allowing depositors to earn more from their fixed deposits.

21 June 2022
Will RBI Raise Interest Rates After Fed rate hike? What should investors do?

Will RBI Raise Interest Rates After Fed rate hike? What should investors do?

The central bank, according to economists and reports, could go for an additional interest rate hike of up to 125 bps this fiscal, taking the overall increase...

18 June 2022

Interest Paid For Entire Year Can Be Claimed If Person Has Ownership Of House

If the house is completed within the year and you take ownership of the house throughout the year, you can claim the interest paid for the entire year. Also,...

3 Clauses That You Shouldn’t Ignore When Signing A Home Loan Agreement

3 Clauses That You Shouldn’t Ignore When Signing A Home Loan Agreement

Most home buyers simply consider fundamental elements like down payment, EMIs, and home loan interest rate when signing the deal, but it’s important to look...

18 June 2022

Swiss National Bank Hikes Interest Rate By 1/2 Point Amid Inflation Fears

The bank said the rate on sight deposits would be increased by a half-point, to negative 0.25 per cent. Swiss interest rates have been negative for months,...

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16 June 2022
Bank of England under pressure to aggressively hike rates

Bank of England under pressure to aggressively hike rates

While the UK's central bank began raising interest rates earlier than its counterparts, the Bank of England is now trailing the US Federal Reserve in the...


15 June 2022
A Strategy For Rising Interest Rates By Deepti S Patel, CFPCM, Director, Finacrest Wealth Pvt. Ltd.

A Strategy For Rising Interest Rates By Deepti S Patel, CFPCM, Director, Finacrest Wealth Pvt. Ltd.

It is well-known that the portfolio equivalent of not putting all your eggs in one basket is to diversify your portfolio investments across multiple asset...


14 June 2022
IDBI Bank Raises Interest Rates On Retail Term Deposits By Up To 25 Bps

IDBI Bank Raises Interest Rates On Retail Term Deposits By Up To 25 Bps

The revised rates would be applicable across various tenors for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term...


14 June 2022
Fitch Expects RBI To Hike Interest Rates To 5.9% By December-End

Fitch Expects RBI To Hike Interest Rates To 5.9% By December-End

In its update to Global Economic Outlook, Fitch said India's economy faces a worsening external environment, elevated commodity prices, and tighter global...


13 June 2022
Bajaj Finance Raises Deposit Rates By Up To 20 Bps On Various Tenors

Bajaj Finance Raises Deposit Rates By Up To 20 Bps On Various Tenors

The revised rates on Bajaj Finance FDs of up to 20 basis points are effective from June 14, 2022, and shall be applicable to fresh deposits and renewals of...


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08 June 2022
5 Things To Consider Before Going For A Gold Loan

5 Things To Consider Before Going For A Gold Loan

In times of uncertainty and crisis, Indians often take gold loans, despite the social stigma attached. Here are a few things to keep in mind before pawning...


07 June 2022
Homebuyers Face New Odds: Rising Interest Rates, High Property Prices

Homebuyers Face New Odds: Rising Interest Rates, High Property Prices

With the changing nature of homebuyer demand, developers repurposed the supply with better designs and more amenities. The all-time low loan rates and...


06 June 2022
What Will Be The Impact Of RBI Rate Hike On Your EMI And Economy

What Will Be The Impact Of RBI Rate Hike On Your EMI And Economy

The interest rate hike may be worrisome for existing and potential home and car loan borrowers as their interest rate and subsequent EMIs (Equated Monthly...


03 June 2022
RBI To Go For Another 0.40% Hike In Rates At Next Week's Policy Review Meet: Report

RBI To Go For Another 0.40% Hike In Rates At Next Week's Policy Review Meet: Report

The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike...


02 June 2022
India Post Payments Bank Slashes Interest Rates On Savings Accounts By 25 Basis Points

India Post Payments Bank Slashes Interest Rates On Savings Accounts By 25 Basis Points

Revised interest rate will be 2 per cent per annum for balances up to Rs 1 lakh. For incremental balances above Rs 1 lakh and up to Rs 2 lakh, the revised rate...


01 June 2022
HDFC, ICICI Bank, PNB Hike Interest Rate On Home Loans; EMIs To Get Costly

HDFC, ICICI Bank, PNB Hike Interest Rate On Home Loans; EMIs To Get Costly

This is the latest hike in home loan lending rates by banks and housing finance companies after the RBI hike repo rate earlier this May, and comes into effect...


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18 May 2022
Global Storms Hitting Together Prompted RBI To Hike Rate: MPC Minutes

Global Storms Hitting Together Prompted RBI To Hike Rate: MPC Minutes

RBI Governor Shaktikanta Das, as per the minutes, said the off-cycle monetary policy actions were aimed at lowering inflation and anchoring inflation...


18 May 2022
Home Loan EMIs Set To Go Up: Should You Go For A Higher EMI or Higher Tenure?

Home Loan EMIs Set To Go Up: Should You Go For A Higher EMI or Higher Tenure?

With rates going up the interest outgo will increase but it will be higher if you go for a higher tenure and keep paying the same EMI


17 May 2022
High Inflation, Rising Interest Rates And Slowing Economy, Is India Headed Towards Stagflation?

High Inflation, Rising Interest Rates And Slowing Economy, Is India Headed Towards Stagflation?

Rising inflation, high unemployment and depreciating currencies have given birth to a vicious cycle that could very well dismantle the fragile recovery that...


09 May 2022
Three Instances When One Should Not Prepay A Home Loan. Read Here To Find More

Three Instances When One Should Not Prepay A Home Loan. Read Here To Find More

While prepayment of your home loan might seem beneficial, there are certain instances when one should not prepay the loan. Read here to find out when prepaying...


07 May 2022
Your Loan EMI Is Set To Go Higher As Lenders Begin To Increase Interest Rates

Your Loan EMI Is Set To Go Higher As Lenders Begin To Increase Interest Rates

Mortgage lender HDFC Ltd on Saturday announced an increase in its benchmark lending rate by 30 basis points (bps), a move that will make loans dearer for both...


06 May 2022
Denied Refund By Developer? Here’s The Legal Recourse Home Buyers Have

Denied Refund By Developer? Here’s The Legal Recourse Home Buyers Have

Real estate legal experts believe that home buyers have multiple legal avenues to claim refund from a developer. Read here to find out more.


03 May 2022
Here Are 3 Important Changes That Will Impact Your Financial Life This May

Here Are 3 Important Changes That Will Impact Your Financial Life This May

Your financial life will undergo a change, with higher interest rates on loans, swing pricing on mutual funds, and a few other changes in the offing. Read here...


28 April 2022
New To A Savings Bank Account? 3 Mistakes To Avoid

New To A Savings Bank Account? 3 Mistakes To Avoid

A savings bank account is usually the first stop when starting on the money management path. Here are three things you should avoid doing with your savings...


24 April 2022
Why Funding For Your Higher Education Abroad Is Not That Easy? Know Details Here

Why Funding For Your Higher Education Abroad Is Not That Easy? Know Details Here

Taking an education loan would seem the easiest way to fund your dream of studying abroad. But it may not be that easy because of a lot of factors. Read here...


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