The State Bank of India (SBI), the largest lender in the country, has introduced a memorable festive season offer, reducing home loan interest rates to 6.7% to make homeownership more affordable. This move aims to support customers seeking cost-effective financing options for their dream homes. Key Features of SBI Home Loan 2024 SBI’s home loan … Read more
Most bank accounts have a zero balance, but paying attention to this is important. Your bank account needs to maintain a monthly average balance (MAB), which is crucial to avoid various issues. The Monthly Average Balance (MAB) is the average amount you keep in your savings and current accounts during a calendar month. It’s calculated … Read more
Proper planning is essential for achieving financial success. A crucial part of this plan is improving your credit score. A good credit score makes getting loans at lower interest rates from financial institutions more accessible. If you want to quickly obtain a loan, having a good CIBIL score is crucial. Most financial institutions check your … Read more
Are you looking for a personal loan and wondering how to secure a low interest rate? Your CIBIL score plays a crucial role in determining the interest rate you will be offered. A personal loan has become a popular choice for meeting various financial needs. However, the interest rate is a crucial factor to consider. … Read more
Are you interested in safe debt mutual funds? If so, consider the benefits of banking and public sector unit (PSU) debt-equity schemes. These funds invest up to 80 percent of their money in banking institutions, public sector companies, and public financial institutions, making them a relatively safe and attractive investment option. Mutual fund advisors recommend … Read more
IDBI Bank, one of the leading private sector banks in the country, has recently announced an increase in interest rates on domestic fixed deposits below Rs 3 crore, effective August 15, 2024. The bank currently offers interest rates ranging from 3.00% to 7.35% for general customers and 3.50% to 7.85% for senior citizens on deposits … Read more
Gold loans are considered a safer option than most other types of loans. Gold in jewelry or coins can be used as collateral to obtain a loan. Most banks offer gold loans and are not dependent on credit scores. This makes them a viable option when needing a large sum of money. However, it’s important … Read more
ICICI Bank, a prominent private sector bank, has announced an increase in its fixed deposit interest rates. The revised rates will apply to retail term deposits up to Rs 3 crore. After the revision, regular citizens can earn a maximum interest rate of 7.25%, while senior citizens will receive up to 7.80%. The updated rates … Read more
Banks often introduce new schemes by offering higher interest rates to attract more deposits. This week, two leading banks have introduced new fixed deposit schemes with a maximum interest rate of 8.85%. If someone deposits Rs. 1 lakh in this scheme, the amount after maturity can be calculated. Many banks revised their fixed deposit interest … Read more
Bank accounts are widely used by students, employees, business owners, and retirees to receive pensions. Each account has rules for maintaining a minimum balance. Adhere to these rules to avoid charges that vary from bank to bank. Let’s examine the specific situation in Dent. Over the past five years, public sector banks have collected Rs. … Read more