Banking leader increased interest rates, now home, auto and other retail loans will cost up to 0.75 per cent more. HDFC, ICICI Bank and SBI on Monday announcing an increase in interest rates after squeeze in money supply from RBI
| Floating rate | Fixed rate | ||
HDFC bank |
10.25 % |
For Old customers (10.75 %) |
14 % |
ICICI Bank |
13.5 % |
||
(Please check with bank for exact rate, fund outline don’t claim or announce any specific figure of interest rate)
ICICI Bank has also announced increase in benchmark rate for corporate by 0.75 per cent to 16.50 per cent.HDFC bank also increased its deposit rates by 0.50 per cent across most maturities, while ICICI Bank raised interest rates on fixed deposits of less than Rs 15 lakh by 0.50-1 per cent with effect from July 1.
The announcement by two banks came close on the heels of similar announcement by the largest lender SBI. Other banks PSU banks like Punjab national Bank, Bank of India and Vijaya Bank too have already announced an increase in their prime lending rates.
[...] » ABOUT CelebrityGossip: wrote an interesting post today onHere’s a quick excerpt Banking leader increased interest rates, now home, auto and other retail loans will cost up to 0.75 per cent more. HDFC, ICICI Bank and SBI on Monday announcing an increase in interest rates after squeeze in money supply from RBI Floating rate Fixed rate HDFC bank 10.25 % For Old customers (10.75 %) 14 % ICICI Bank 13.5 % (Please check with bank for exact rate, fund outline don’t claim or announce any specific figure of interest rate) ICICI Bank has also announced [...]
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