https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957065
Suryoday giving 9+ on 5yrs. Offer valid till 20 dec. 
Repo rate hike by 35 bps
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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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https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957105
Stay away from suryoday. Ye bina pan card ke ladies ko loan deta hai vo bhi garib ladies ko. Aage aap samajdar ho.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957111
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957174
Rbl 7.55 for 15 months
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957187
bohemian 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 bankSuryoday giving 9+ on 5yrs. Offer valid till 20 dec.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957188
kartikxxx wrote:yahi dikkat hai long pe de nhi rhi banks itnaRbl 7.55 for 15 months
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957198
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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.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957205
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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.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957211
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.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8957785
It will increase further more as situation will be worsen. Expected 15-30 bps more
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958431
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. 🙂
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958437
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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=...
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958438
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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
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958463
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958479
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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
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958557
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bikidas2060 wrote:They have not changed the doc. I have merely copied n pasted from their website
It is updated on website as well
https://www.dicgc.org.in/FD_A-GuideToDepositIns...
Don't know what document link you provided as it shows some Google search URL.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8958566
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Sudarshan61 wrote:It is updated on website as well
https://www.dicgc.org.in/FD_A-GuideToDepositIns...
Don't know what document link you provided as it shows some Google search URL.
You ll know if you click on the link.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8959076
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bikidas2060 wrote:Bhai you have linked the document on suryoday bank site which seems to have the old version from dicgc site.You ll know if you click on the link.
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8959150
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8971269
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...
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8971329
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
https://www.desidime.com/discussions/repo-rate-hike-by-35-bps?page=1#post_8971376
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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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.