YES BANK FD INTEREST RATES
Lower home loan EMIs for loans from PNB, Indian Bank, Bank of Baroda, BOI as RBI cuts repo rate by 50 bps
Home loan interest rates: Following the RBI's repo rate cut to 5.50%, four major public sector banks, including PNB, BoB, Indian Bank, and BOI, have reduced their home loan interest rates. These revisions, effective in early June 2025, lower the Repo Linked Lending Rates (RLLR) by 50 basis points.
Swiss National Bank cuts interest rates to zero as inflation falls
The Swiss National Bank (SNB) reduced its interest rate to zero. This decision was influenced by decreasing inflation and a strong Swiss franc. The SNB anticipates weaker global growth and rising U.S. inflation. This rate cut is the sixth in a series since March 2024. The central bank aims to prevent further appreciation of the franc.
Trump calls Fed chief 'stupid', slams central bank for not cutting interest rates
President Trump criticized the Federal Reserve and its leader, labeling him "stupid" for not lowering interest rates. He insisted that the US economy is experiencing success without inflation, despite concerns about the impact of new tariffs. Trump expressed his desire for lower interest rates to further stimulate economic growth.
Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy?
In May, money market funds in India saw inflows, while liquid and overnight funds experienced outflows. Association of Mutual Funds in India data shows money market funds attracted significant investment. Experts attribute this to a stable macroeconomic environment. Vishal Dhawan suggests investors review their emergency fund strategies. He advises considering money market funds for higher yields if appropriate.
Big hit to savings account holders: SBI, HDFC Bank, ICICI Bank cut interest rates in June 2025
Major Indian banks including State Bank of India, HDFC Bank, and ICICI Bank will reduce savings account interest rates in June 2025. This follows a repo rate cut by the Reserve Bank of India. SBI will offer a uniform rate of 2.5%. HDFC and ICICI Bank will offer 2.75% on all balances.
SBI's highest FD rate now falls to 6.7%. Are debt funds more attractive than ever now?
Debt mutual funds show better potential than fixed deposits after rate cuts. Around 260 debt mutual funds beat SBI's 6.7% interest rate over two years. Experts suggest a mix of short duration and dynamic bond funds. Investors in higher tax brackets can diversify into mutual funds. A balanced approach with FDs, debt funds, and arbitrage funds is advisable.
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RBI issues draft norms on Rupee Interest Rate Derivatives
The Reserve Bank of India on Monday issued draft regulations for Rupee Interest Rate Derivatives to align the extant regulatory framework with the market and other related developments.
Latest loan rates in June 2025: SBI vs HDFC vs Canara vs BoB vs PNB -which bank offers the lowest rates?
In June 2025, several major banks will revise their MCLR. HDFC Bank, Canara Bank, and Bank of Baroda will announce rate reductions. This will provide borrowers with some relief. State Bank of India and Punjab National Bank will keep their MCLRs unchanged. These revisions will potentially impact EMIs and loan tenures. Borrowers should review the new rates.
China, HK stocks close up as investors digest mixed macro data
China and Hong Kong stocks ended slightly higher on Monday, led by property and tech shares, as investors weighed mixed macroeconomic data and remained cautious amid geopolitical tensions that dampened risk appetite.
SBI cuts FD rates across all tenures and savings account rate: Check latest interest rates from June 15, 2025
The move follows similar rate cuts by other major banks such as HDFC Bank and ICICI Bank in recent days, triggered by the Reserve Bank of India’s decision to reduce the repo rate by 50 basis points in its monetary policy meeting on June 6, 2025.
YES Bank shares in focus after Moody’s upgrades rating to Ba2, outlook revised to stable
YES Bank shares will be in focus after Moody’s upgraded its rating to Ba2 with a ‘stable’ outlook, citing improved credit metrics. The RBI has granted CEO Prashant Kumar a six-month extension. Meanwhile, Japan’s SMBC is set to acquire a 20% stake for Rs 13,483 crore. Despite a recent rally, analysts see an 18% downside from current levels.
SBI Amrit Vrishti FD: SBI revises special FD interest rates from June 15, 2025
State Bank of India has revised its "Amrit Vrishti" fixed deposit scheme, effective June 15, 2025, reducing the interest rate on 444-day tenures. Last week, most banks including ICICI Bank, HDFC Bank and Canara Bank reduced their fixed deposit interest rates after the Reserve Bank of India cut the repo rate by 50 basis points (bps) in its June monetary policy meeting.
SBI cuts lending rates after RBI repo rate revision: Check latest interest rates
Following the RBI's repo rate cut, SBI has reduced its key lending rates by up to 0.50%, effective June 15, 2025. The External Benchmark Rate (EBR) is lowered to 8.15%. Consequently, SBI home loan interest rates now range from 7.50% to 8.45% based on the borrower's CIBIL score.
Saturday bank holiday: Are banks open or closed today on June 14, 2025?
Indian banks observe holidays that vary by state, as determined by the RBI's annual calendar. Banks are closed on the second and fourth Saturdays, Sundays, and designated holidays.
Mahila Samman Savings Certificate: Now you can transfer funds to non post office savings accounts
The Mahila Samman Savings Certificate scheme introduces ECS withdrawal, enabling direct transfers to non-post office bank accounts for enhanced convenience. While new deposits ceased after March 31, 2025, existing accountholders benefit from this updated facility.
Highest FD interest rate of 7.85% for senior citizens: This bank revises FD interest rates after RBI repo rate cut
YES Bank has announced changes to its fixed deposit interest rates. The revision affects deposits below Rs 3 crore. These changes follow the Reserve Bank of India's repo rate cut. General citizens can now earn between 3.25% and 7.10%.
These IndusInd Bank services won’t be available on these days: Check details here
IndusInd Bank will conduct system maintenance and banking services will be unavailable on two days. Customers should plan transactions accordingly.
Special FD rate up to 7.65%: Indian Bank revises IND SECURE FD rates for limited period
Indian Bank has updated its fixed deposit interest rates, effective June 9, 2025. The IND SECURE scheme, with a 444-day tenure, now offers 6.90% for the general public, 7.40% for senior citizens, and 7.65% for super senior citizens.
Private sector banks slash FD rates following rate cut
Following the Reserve Bank of India's policy rate cut, several banks including HDFC, ICICI, IDFC First, and Kotak Mahindra have decreased fixed deposit interest rates by 10-35 basis points. Public sector banks like Canara Bank and Indian Bank have also adjusted their rates downwards. These adjustments reflect lenders' responses to the lower benchmark interest rates, impacting retail depositors.
Big hit to depositors: HDFC Bank reduces FD and savings account rates
HDFC Bank has reduced its fixed deposit interest rates by 25 bps across all tenures for deposits under Rs 3 crore, effective June 10, 2025, following the RBI's repo rate cut.
Latest FD rates of Canara Bank, Axis Bank, Indian Bank, Kotak Mahindra Bank after RBI’s repo rate cut
Following the Reserve Bank of India's repo rate cut, several major banks, including Canara Bank, Kotak Mahindra Bank, and HDFC Bank, have adjusted their fixed deposit interest rates for deposits under Rs 3 crore.
After RBI's repo rate cut, ICICI Bank reduces interest rates on fixed deposits; check latest FD rates in June 2025
After the revision, ICICI Bank offers FD interest rates between 3% and 6.6% to general citizens for amounts below Rs 3 crore; for senior citizens, the rates vary between 3.5% and 7.1%.
Lending rates to fall by 30 bps after RBI policy cut: SBI Report
State Bank of India projects a drop in lending rates. This follows the policy rate cut. Loans linked to external benchmarks will see immediate impact. Banks' margins may be affected. Reserve Bank of India's CRR cut could help. Fixed deposit rates are already declining. Further cuts are expected. The report anticipates no change in policy rates next quarter.
What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further
RBI repo rate cut by 50 bps: The RBI has cut the repo rate and other key rates by 50 bps in today's monetary policy announcement. The latest rate cut brings bad news for fixed deposit investors as banks will cut FD interest rates. How can FD investors still earn higher interest rate?
SBI will call you from these numbers: Check the numbers to avoid cyber frauds
The Reserve Bank of India in January directed all banks and regulated entities (REs) to call customers only using phone numbers that begin with the "1600xx" series for transactions or service provision.
FD interest rate up to 9.10%: These banks are still offering over 8% interest on fixed deposits for senior citizens
With the RBI's repo rate cut in 2025, fixed deposit interest rates are expected to decline, impacting conservative investors. Banks will likely lower FD rates, creating a limited window to secure higher returns.
New FD rates from June 1, 2025: PNB, Canara Bank revise interest rates across tenures
Canara Bank and Punjab National Bank (PNB) have adjusted their fixed deposit (FD) interest rates for retail term deposits under Rs 3 crore, effective June 1, 2025. Canara Bank decreased rates on specific tenures, while PNB reduced rates on some and increased rates on longer-term deposits. PNB's highest rate is now 6.9% on a 390-day tenure.
Last day to lock in at 9.10% FD rate: This bank to cut fixed deposit interest rates from tomorrow
Attention fixed deposit investors, today is the final day to secure FD at rates as high as 9.10% per annum. Suryoday Small Finance Bank will revise FD interest rates from June 1, 2025.
Special FD interest rate up to 7.8%: IDBI Bank revises FD rates across special deposits, check Utsav FD deadline
IDBI Bank is set to revise interest rates on fixed deposits, Utsav FD scheme, and savings accounts. The new rates become effective from May 16, 2025. Special Utsav FDs offer attractive rates for 444, 555, and 700-day tenures. Senior citizens get higher returns. Savings account interest rates also see changes, with higher balances earning more.
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