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Know the latest interest rates for SBI, HDFC Bank, Bank of Baroda, PNB, Canara Bank, and IDBI Bank, and learn about the meaning of MCLR.

India’s Monetary Policy Rate Committee (MPC) has decided to cut the overnight MCLR (Marginal Cost of Funding Last Republication) by 5 basis points (bps) from 9.20% to 9.15%. This change is effective from January 7, 2025. The other MLCRs (Marginal Cost of...

Explore the Top-Ranking Banks Offering Attractive FD Rates in India for 2025 – Know Where to Park Your Funds for Highest Yields

Here is a summary of the article in 400 words: The interest rates on Fixed Deposits (FDs) in India have recently increased, with a significant number of banks offering attractive rates. Small finance banks have been leading the way, offering higher rates compared to...

Get an overview of FD rates: Calculate your maturity amount for a Rs 7 lakh investment in banks like SBI, Canara Bank, HDFC Bank, ICICI Bank, and others, across 1-year, 3-year, and 5-year tenures.

The article discusses the current fixed deposit (FD) rates offered by various public sector banks, private banks, and other financial institutions in India. The rates range from 6.50% to 7.40% for different tenures, with the highest returns available on 3-year and...