Tuesday, November 29, 2022

ਵਾਹਿਗੁਰੂ

spot_img


Banks will increase interest rates on deposits

Mumbai, Sep 30, 2022- With bank credit picking up and interest rates for other savings schemes increased by the government, commercial banks will increase the interest rates on deposits, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Queried about banks passing on the interest rate hikes to their borrowers while not increasing their deposit rates, he said that the bank credit is picking up and they will be needing funds.

There is adequate liquidity available in the system, about Rs 5 lakh crore, he said.

The Centre has hiked interest rate for senior citizen savings scheme to 7.6 per cent and for Kisan Vikas Patra to 7 per cent.

Similarly the two- and three-year time deposit with post offices have been increased to 5.8 per cent and 5.7 per cent.  (Agency)

Subscribe to YesPunjab Telegram Channel & receive Important News Updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

spot_img

Stay Connected

45,612FansLike
114,069FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

As Airport Lounges Become More Crowded, Credit Card Issuers Have Put up Some Guidelines around Accessing the Benefit – Know Details Here

There was a time when economy-focused leisure travellers used to find it hard to get airport lounge access. Gone are those days, as now...

Guidelines for Picking Your Favourite student cover Plan

While accidents can happen at any time, children are a lot more prone to these, especially in school. Here, investing in a student cover...

The India we see now was envisioned by Nehru, brick by brick – by Sandeep Bamzai

Protected by British power, the rulers of princely states neglected their subjects; they not only collected rent, but also various illegal levies and subjected...

SPORTS

Health & Fitness

Can people with a family history of colorectal cancer reduce their own risk

New Delhi, Nov 28, 2022 - In India, colorectal cancer, which first appears in the colon or the rectum, is the sixth most prevalent cancer to cause mortality. It generally affects older persons and happens when colonic cells become uncontrolled (above 45 years). The polyps that originate inside the colon are typically the precursors to this type of cancer....

Gadgets & Tech

error: Content is protected !!