FixedDeposits

SBI Cuts FD Rates Following RBI Move: Impact on Your Savings

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SBI Cuts FD Rates Following RBI Move: Impact on Your Savings

SBI Reduces FD Interest Rates, New Rates Effective June 15th If you’re an SBI Fixed Deposit (FD) holder, get ready for some changes! The country’s largest public sector bank, State Bank of India, has reduced interest rates on all its FDs, with the new rates coming into effect on June 15th. This move follows the … Read more

RBI Rate Cut: What It Means for Your FD Returns and Taxes

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RBI Rate Cut: What It Means for Your FD Returns and Taxes

The Reserve Bank of India (RBI) recently trimmed the repo rate by 50 basis points, bringing it down to 5.50%. This move is designed to inject vitality into the economy amidst cooling inflation. While good news for borrowers, it has distinct implications for your Fixed Deposit (FD) returns and the tax you’ll owe on that … Read more