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Deposit rates News

03 Jun 2020

SBI, ICICI Bank cut savings deposit rates – Check new rates

SBI has reduced its savings deposit interest rates to 2.70 per cent across all slabs from May 31, according to its website.

Small savings schemes

20 Sep 2018

PPF, NSC to now fetch interest rate of 8%

Interest rates for small savings schemes are notified on a quarterly basis.

Bank interest rates

26 Nov 2017

Tinkering in rates by banks unlikely in short-term: HDFC Bank

The Reserve Bank of India (RBI) is scheduled to announce fifth bi-monthly policy on December 6.

13 Aug 2017

Saving deposit rate cuts to lead to lower lending rates: Report

eduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater competition among lenders, says a report.

23 Nov 2016

State Bank of India slashes bulk deposit rates by up to 1.9%

Days after Prime Minister Narendra Modi signalled that rates are on the way down, SBI Wednesday slashed bulk deposit rates by up to 1.9 percent taking advantage of the surge in deposits following demonetisation.

17 Nov 2016

ICICI, HDFC Bank, Canara, United Bank cut Fixed Deposit rates by up to 1%

Largest private lender ICICI Bank and HDFC Bank cut their deposit rates by up to 0.25 percent while Kolkata-based United Bank of India did it for short-term deposits by 1 percent.

European Central Bank

08 Sep 2016

ECB holds rates steady but warns of Brexit 'uncertainties'

The European Central Bank kept its interest rates at record lows Thursday and held fire on more economic stimulus, but warned of "uncertainties" ahead for the eurozone over the Brexit vote.

Real interest rate

12 Apr 2016

High real interest rate causing lowering growth in banks

High real interest rate is leading to lower deposit growth rate of the banks -- a trend which has been prevalent since late 2014, a SBI report has said.

private lenders

16 Jun 2015

Lakshmi Vilas Bank raises deposit rates by 1%

The bank, which had a low share of the cheaper current and savings account deposits at 16.7 percent as of March, will offer 5 percent interest on saving bank deposits of up to Rs 5 lakh, it said in a statement.

24 Apr 2015

Trickle-down effect: Now, Bank of Baroda lowers deposit rates

State-owned Bank of Baroda on Friday said it has slashed deposit rates in the range of 0.15-0.40 percent for various maturities in several brackets.

16 Apr 2015

RBI nod for different rates on deposits with early withdrawal

The Reserve Bank Thursday allowed banks to offer differential interest rates on term deposits depending on whether they are with or without premature withdrawal facility.

31 Mar 2015

ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%

Fixed deposit rate of maturity between 121-150 days has been revised downward to 8 per cent from 8.25 per cent earlier.

19 Mar 2015

Axis Bank cuts deposit rates by up to 0.25%

The third largest private sector lender has cut its deposit rate offerings by 0.25 percent across buckets in the 18 to 36 months window, a bank official said Wednesday.

05 Nov 2014

Allahabad Bank cuts interest rate on retail deposits by 0.15%

Public sector lender Allahabad Bank Wednesday cut by 0.15 percent the rate of interest on retail term deposits maturing in 1-5-years.

banks' credit growth

15 Oct 2014

Credit growth up 11%, but still lags deposits at 13%

After remaining sub-10 percent for two consecutive fortnights, bank credit grew 11 percent to Rs 62,69,007 crore for the fortnight ended October 3, according to RBI data.

30 Sep 2014

SBI cuts short-term deposit rates to 6%

State Bank of India on Tuesday reduced the short-term deposit rates by 1 percentage point for amount below Rs 1 crore, second such move this month.

17 Sep 2014

SBI's new fixed deposit rates effective from Thursday

Anticipating a lower credit offtake than what was expected, State Bank of India (SBI) has revised its fixed deposit rates Thursday onwards.

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