Latest interest rates on fixed deposits have been updated at http://goo.gl/JaiFt. The update is as of 27th September 2011.
Inspite of RBI raising policy rate since our last update of 12th September 2011, there has been not much change in interest rates offered by banks. Only 5 out of 52 banks tracked by Bachhat have increased their fixed deposit rates between 12th September to 27th September.
This time banks have not raised their base rates also. Have we reached the stage from where it will be difficult for banks to raise loan as well as fixed deposit rates? Whether the fixed deposit rates have reached their peaked even though the real interest rate are still negative or negligible? We shall keep track on these aspects in our subsequent posts.
Keep reading and do continue pouring your suggestions to improve this blog.
Inspite of RBI raising policy rate since our last update of 12th September 2011, there has been not much change in interest rates offered by banks. Only 5 out of 52 banks tracked by Bachhat have increased their fixed deposit rates between 12th September to 27th September.
This time banks have not raised their base rates also. Have we reached the stage from where it will be difficult for banks to raise loan as well as fixed deposit rates? Whether the fixed deposit rates have reached their peaked even though the real interest rate are still negative or negligible? We shall keep track on these aspects in our subsequent posts.
Keep reading and do continue pouring your suggestions to improve this blog.
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