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Latest from interest rate

HDFC Bank shares up nearly 4% after savings rate cut

HDFC bank has been trying to increase term deposits after it took over its home loan parent HDFC in 2023.

The way a rate cut would help this is it could force more depositors to move towards higher yielding term and recurring deposits.(Reuters)
Published on Apr 15, 2025 02:46 PM IST

No more charges for updating nominee details in PPF accounts: Nirmala Sitharaman

Nominee details in PPF accounts are important since funds will get transferred to the designated beneficiary in the event of the account holder’s demise.

PPF is a long-term, tax-saving investment scheme offered and backed by the government.
Published on Apr 04, 2025 03:25 PM IST

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Updated on Mar 20, 2025 01:32 AM IST
AP |

EPFO keeps interest rates on PF unchanged at 8.25%  

Provident funds provide retirement income and a financial safety net for nearly 70-million salaried Indians. It is often the key corpus of lifetime savings for the working people

The decision not to lower interest rates is a welcome move for the EPFO’s subscribers, for whom provident fund is often the only means to save up for retirement. Yet, the existing interest rate is significantly lower than in 2015-16, when it was be 8.8% (HT Photo)
Updated on Feb 28, 2025 03:59 PM IST

Powell says Fed 'well positioned' for 'risks and uncertainties' that lie ahead

Jerome Powell said the Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid.

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC.(Getty Images via AFP)
Published on Feb 11, 2025 10:57 PM IST
AP |
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