This private bank has reduced the interest on savings accounts as well as FD by 0.25 percent. ICICI Bank’s new interest rates have also come into effect from today i.e. April 17.

ICICI Bank cuts FD interest rates by up to 0.50%

The country’s largest public sector bank – SBI and the largest private bank – HDFC have recently implemented a reduction in deposit interest rates. ICICI Bank has cut rates on select tenure FD schemes by 25 to 50 basis points. After this latest cut, the private bank is now offering interest of 3% to 7.05% on FD to its general customers and senior citizens will now get interest of 3.5% to 7.55% on FD. Earlier, ICICI Bank’s FD scheme with a tenure of 15 months to 2 years was offering a maximum interest of 7.25% to general customers and 7.85% to senior citizens.

Now 3.00% interest on FD with a tenure of 30 to 45 days

ICICI Bank has reduced the maximum interest rate by 50 basis points i.e. 0.50 percent on FD scheme with a tenure of 30 to 45 days. The bank has now reduced the interest rate for this tenure from 3.50 percent to 3.00 percent. Apart from this, the interest rate for the tenure of 61 to 90 days has been reduced by 25 basis points to 4.5% to 4.25%. For FDs with a tenure of 18 months to 2 years, the interest rate has been reduced by 20 basis points to 7.25% to 7.05%.

Related Articles:-

Bank Holiday: Banks will remain closed tomorrow on Friday, check in which states the branches will remain closed

PPF: Can you open more than one PPF account? Know what the rules say

Post Office’s great scheme, you will get Rs 16,650 every month

The post ICICI Bank cuts interest rates on FD and savings accounts, read full details first appeared on Rightsofemployees.com.

Sometimes situations arise in life when money is suddenly needed, such as a health emergency or money for education. At such times, it becomes necessary to manage money.

To get a loan from a bank, we often have to follow various documents and rules. If you are also in such a situation, then there is nothing to worry about now. You will be happy to know that you can get a personal loan of up to Rs 2 lakh using your Aadhaar card. To get this loan, one can also take the help of banks and government schemes. Now getting a personal loan has become easy with the help of Aadhaar card.

Aadhaar card has become an important document for Indian citizens in today’s time. Now Aadhaar card is necessary for every work, be it opening a bank account, making a PAN card or for proof of address, Aadhaar card is used everywhere. Now Aadhaar card can be used not only as proof of identity and address but also for personal loans. If you need money in an emergency, then you can take a personal loan of up to Rs 2 lakh with the help of your Aadhaar card.

Advantages of taking a loan on Aadhaar card

Simple documents: Aadhaar card loans are different from normal loans as they do not require much documentation. Like proof of income, proof of address and proof of identity, only Aadhaar card is used instead. Aadhaar card verifies both identity and address, which reduces paperwork.

Digital Process: These loans are available online and the entire process is digital. This ensures faster approval and eliminates manual work, thus the loan amount is disbursed to the account quickly.

Faster process : These loans get approved quickly due to the digital application process. This saves you time and you can get the money easily.

Who can take a loan?

Age: To apply for this, your age should be between 21 and 60 years. He should be a citizen of India.

Credit Score : If your credit score is 650-700 or above, it becomes easier to get a loan and you can get lower interest rates.

Valid Aadhaar Card: Aadhaar card should be active and linked to the applicant’s mobile number for verification.

Employment status: You must be a salaried employee or self-employed person.

How to Apply

Apply Online: To apply for a loan, visit the lender’s (bank or NBFC company) website or download their mobile app.

Check eligibility: Check the eligibility criteria for the loan. You can check your eligibility using the lender’s calculator.

Upload Documents: Upload your Aadhaar card, PAN card and income proof for verification. To enable OTP based verification, make sure your Aadhaar card is linked to the mobile number.

Approval and Fund Transfer : The loan is approved after submitting the documents. Disbursement of the amount will usually be credited to your account within 24 to 48 hours.

Keep these things in mind before taking a loan:

Take a reliable bank loan only from a reliable bank or NBFC.

Interest rates: Personal loans are given without any collateral, so their interest rates depend on your credit score, income, credit history, and other factors. Before taking out a loan, compare interest rates from different lenders.

Processing Fees: Know about processing fees and other charges in advance to avoid any unexpected expenses at the last minute.

Manage EMIs: Understand your repayment capacity and ensure you are able to pay your EMIs on time.

Impact on credit score : Paying off your loan on time can improve your credit score, while defaulting or not paying can damage your credit standing. Therefore, take out a loan only when it is truly necessary.

Related Articles:-

• EPFO has simplified the rules for those changing jobs, now you will not have to do this…
• H1B Visa Final Rule: Final rule for H-1B work visa for Indian professionals implemented, Major key changes
• Indian’s Hydrogen train: Country’s first hydrogen train will run between these 2 cities of India
• TRAI New Rule: Jio, Airtel, Vi and BSNL SIMs will remain active even without recharge…
• School Reopen: Schools will open here from Today, strict restrictions on timing. key Details Inside

The post Aadhaar Loan Online: You can get a loan of up to Rs 2 lakh on your Aadhaar Card! Key Details Inside first appeared on Rightsofemployees.com.

Keeping the interests of the people in mind, government and private banks also keep launching attractive FD schemes. Now Punjab National Bank has also launched two new fixed deposits. Up to Rs 3 crore can be invested in these 303-day and 506-day fixed deposits.

Investors depositing money in the new FD of Punjab National Bank with a tenure of 303 days will get 7 percent interest. Similarly, the interest rate for the tenure of 506 days is 6.7 percent. These new interest rates have come into effect from January 1, 2025. Senior citizens and super senior citizens will get more interest by investing money in both these FDs. Senior citizens will be given 7.5 percent interest on the FD with a tenure of 303 days and 7.2 percent interest on the FD with a tenure of 506 days. Punjab National Bank is giving 7.85 percent interest on the FD with a tenure of 300 days and 7.5 percent interest on the FD with a tenure of 506 days to super senior citizens.

Interest for general customers from 3.50% to 7.25%

Punjab National Bank FD for general citizens from 7 days to 10 years. The bank’s interest rate is from 3.50% to 7.25%. The highest interest rate is 7.25%, which is available on FD with a tenure of 400 days. For senior citizens, PNB is offering 4% to 7.75% interest on FD for 7 days to 10 years. The highest interest of 7.75% is available on FD with a tenure of 400 days.

For super senior citizens (80 years and above), Punjab National Bank is offering interest ranging from 4.30% to 8.05% on FDs for 7 days to 10 years. Currently, the bank is offering 8.05% interest on a tenure of 400 days.

The post New Bank FD: Govt bank launches 2 new FDs, from interest to tenure, know all the important things first appeared on Rightsofemployees.com.