Repo rate hike by 35 bps

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pranavcool

So now we can see 7.5% interest rates on major banks? Why banks giving less hike on long years like 5 to 10 y but till 3 y it's their max interest rates

https://indianexpress.com/article/business/econ...


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pranavcool wrote:
bhai avoid this shit i will go for psu or icici like banks for long terms as if these bank go bankrupt rbi will let it survive like yes bank

SBI, ICICI & HDFC banks are given the tag "too big to fail" by RBI meaning these banks won't fail unless Indian economy itself fails. This is also why these banks operations are seen personally by rbi top officials & at any hint of trouble they take actions to correct it(like Chanda Kochhar incident in icici) & not let it grow into the mess Yes Bank became. Also, if any scheduled bank fails then rbi can easily rescue it because compared to Yes Bank these small finance banks are not even a fraction of its size at the time of its sinking. Of course that also means your money will likely get stuck for few weeks not to mention mental tension so I don't suggest SFBs for large amts of money & which you can't afford to get stuck in bank for even few weeks.

Deal Subedar Deal Subedar
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bohemian wrote:

Suryoday giving 9+ on 5yrs. Offer valid till 20 dec.

IMG-20221206-WA0004

bhai avoid this shit i will go for psu or icici like banks for long terms as if these bank go bankrupt rbi will let it survive like yes bank
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Generous Generous
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Suryoday giving 9+ on 5yrs. Offer valid till 20 dec.

IMG-20221206-WA0004

Deal Subedar Deal Subedar
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bohemian wrote:

Suryoday giving 9+ on 5yrs. Offer valid till 20 dec.

IMG-20221206-WA0004

ye bank doobega toh samjo ho gaya kaam
Generous Generous
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MR_BEAST wrote:
ye bank doobega toh samjo ho gaya kaam
Its scheduled bank and safe till 5L. Like other banks
Deal Cadet Deal Cadet
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Stay away from suryoday. Ye bina pan card ke ladies ko loan deta hai vo bhi garib ladies ko. Aage aap samajdar ho.
Deal Subedar Deal Subedar
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bohemian wrote:

Suryoday giving 9+ on 5yrs. Offer valid till 20 dec.

IMG-20221206-WA0004

bhai avoid this shit i will go for psu or icici like banks for long terms as if these bank go bankrupt rbi will let it survive like yes bank
Deal Subedar Deal Subedar
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kartikxxx wrote:

Rbl 7.55 for 15 months

yahi dikkat hai long pe de nhi rhi banks itna
Critic Critic
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pranavcool wrote:
bhai avoid this shit i will go for psu or icici like banks for long terms as if these bank go bankrupt rbi will let it survive like yes bank

SBI, ICICI & HDFC banks are given the tag "too big to fail" by RBI meaning these banks won't fail unless Indian economy itself fails. This is also why these banks operations are seen personally by rbi top officials & at any hint of trouble they take actions to correct it(like Chanda Kochhar incident in icici) & not let it grow into the mess Yes Bank became. Also, if any scheduled bank fails then rbi can easily rescue it because compared to Yes Bank these small finance banks are not even a fraction of its size at the time of its sinking. Of course that also means your money will likely get stuck for few weeks not to mention mental tension so I don't suggest SFBs for large amts of money & which you can't afford to get stuck in bank for even few weeks.

Deal Subedar Deal Subedar
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pranavcool wrote:
yahi dikkat hai long pe de nhi rhi banks itna

Cause long term banks are expecting rates to reduce. Hence no banks will offer long term high interest rates.

Helpful Helpful
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Deposit rates are peaking for 3 year FDs simply because banks can/have estimated that repo rate/ loan rate will not decline for atleast 2-3 years. Its very difficult & risky to predict interest rate scenario for long term.. say 5 to 10 years.

Therefore banks are being rightfully cautious & offering higher rates for time period till which they can predict business cycle & interest rates.

Benevolent Benevolent
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It will increase further more as situation will be worsen. Expected 15-30 bps more

Hunk Hunk
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Why banks giving less hike on long years like 5 to 10 y but till 3 y it's their max interest rates

Because it ll be super detrimental to do business. 🙂

Hunk Hunk
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pranavcool wrote:
bhai avoid this shit i will go for psu or icici like banks for long terms as if these bank go bankrupt rbi will let it survive like yes bank

The Bank shall inform the customers that all bank deposits are covered under the insurance scheme

offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) subject to a maximum of

Rs 1 lakh. The Bank shall communicate to the customer that the limit of Rs 1 lakh is inclusive of both the

principal and accrued interest on such deposit held by the customer in the same capacity and right in all

branches of the Bank.

Sourcehttps://www.google.com/url?sa=t&source=web&rct=...

Hunk Hunk
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bikidas2060 wrote:

The Bank shall inform the customers that all bank deposits are covered under the insurance scheme

offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) subject to a maximum of

Rs 1 lakh. The Bank shall communicate to the customer that the limit of Rs 1 lakh is inclusive of both the

principal and accrued interest on such deposit held by the customer in the same capacity and right in all

branches of the Bank.

Sourcehttps://www.google.com/url?sa=t&source=web&rct=...

Good for 1 lakh 

Hunk Hunk
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Sudarshan61 wrote:

DICGC limit is 5Lac.

Used to be 1Lac but it has changed.

They have not changed the doc. I have merely copied n pasted from their website 

Critic Critic
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bikidas2060 wrote:

You ll know if you click on the link. 

Bhai you have linked the document on suryoday bank site which seems to have the old version from dicgc site.
Hunk Hunk
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guest_999 wrote:
Bhai you have linked the document on suryoday bank site which seems to have the old version from dicgc site.

That's right bhai. 🙂🙂🙂 

Deal Subedar Deal Subedar
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HDFC revised wef 14/12/22 @ 7% for 15 months or more...

Looks like finally the time to book. Link :https://www.hdfcbank.com/personal/resources...es

I see it is the same for 15months upto 10yrs, so they might not be looking to increase further in Feb or March...

Please give your views, want to book today...

Deal Subedar Deal Subedar
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Agnivo007 wrote:

HDFC revised wef 14/12/22 @ 7% for 15 months or more...

Looks like finally the time to book. Link :https://www.hdfcbank.com/personal/resources...es

I see it is the same for 15months upto 10yrs, so they might not be looking to increase further in Feb or March...

Please give your views, want to book today...

Us fed increased so will indian Banks

Deal Subedar Deal Subedar
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How about the query regarding if HDFC is intending to freeze rates, hence using a long 15m-10yr tenure for 7% ?

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