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SBI to Link Saving Bank Account Interest Rate with Repo Rate

by Askbanking May 1, 2019May 1, 2019 SBILeave a comment

India’s largest lender has announced to link the Savings bank account having more than Rs 1 lakh balance with the RBI’s repo or short-term lending rate for interest payment. Due to the linking of Repo rate with the saving bank account interest rate, the account holder will earn a 0.25% less interest from 1st May […]

Banking News

EPF Interest Rate Lowered To 8.55% For 2017-18

by Askbanking February 22, 2018March 14, 2018 Banking NewsLeave a comment

After lowering of other Small saving interest, it’s time for Employee’s Provident Fund (EPF) interest which is lowered by 0.10% to 8.55% for 2017-18 as compare to 8.65% previous year 2016-17. Read : PPF Account – Details & Rules For Deposit, Withdrawal & Tax In the year 2015-16, the interest rate on EPF balances was 8.80%. […]