Insights

Barakah Finserve

Income tax changes to 'cheaper' home, auto loans explained in 10 points

The government will withdraw enhanced surcharge on long-term/short-term capital gains arising from transfer of equity shares/units.Banks have agreed to effect timely rate cuts to pass on the benefits of RBI's repo rate cuts to borrowers: Nirmala Sitharaman

Barakah Finserve

SBI cuts fixed deposit rates for second time in a month. Latest FD rates here

In latest revision, SBI lowered FD rates by 10 to 50 basis points across maturities.SBI however kept interest rate on savings accounts unchanged

Barakah Finserve

IDFC First Bank increases fixed deposit interest rates for select maturities. Latest FD rates here

The bank has revised FD rates on select buckets effective 21 August.IDFC First Bank offers FDs ranging from 7 days to 10 years