Senior citizens get a slightly higher interest rate on FDs than general citizens. However, the rate of interest varies from bank to bank and depends on various factors, including tenure. Because of their guaranteed return feature, FDs are considered the safest type of investment, and they are very popular among senior citizens. They have different…
PSU bank State Bank of India (SBI) will revise Immediate Payment Service (IMPS) charges for retail customers, introducing nominal fees for certain online high-value transactions while keeping small-value transfers free. SBI IMPS charges From August 15, the changes will be applicable. SBI Free IMPS transfer limit After the changes, all customers will continue to receive…
FDs are a traditional way of investment, and most individuals choose this way to have a regular income for their living. Moreover, the principal amount remains safe in the FD. But, do you know that some small finance banks provide a better interest rate on savings accounts than leading PSU banks’ fixed deposits? In this…
Several major banks, including Punjab National Bank (PNB), Bank of India and UCO Bank, have slashed their lending rates following the Reserve Bank of India’s (RBI) recent decision to cut the repo rate by 50 basis points. The rate cut is part of the RBI’s strategy to stimulate economic growth by making borrowing more affordable…