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Finance Ministry Announces 7.1% Interest on Special Deposit Scheme Until September 30

Articles

Discover why lenders prioritize credit behaviour over income when approving personal loans and setting interest rates.

Why Credit Scores Matter More Than Salary for Personal Loan Approval

The Finance Ministry has fixed the interest rate on Senior Citizens Welfare Fund (SCWF) deposits at 6.85% for the period from April 1, 2025, to March 31, 2026.

Finance Ministry Notifies 6.85% Interest Rate for Senior Citizens Welfare Fund Deposits

News

The Reserve Bank of India imposed an Rs 80,000 penalty on Muthoot Housing Finance Company Limited for violating the Fair Practice Code by not disclosing the risk grading method and interest rate differences to borrowers.

RBI Fines Muthoot Housing Finance Fair Practice Code Violation

As per the notification, interest rates for different small savings schemes from 01.04.2026, to 30.06.2026 will stay the same like the previous quarter, from January 1 to March 31, 2026.

PPF, NSC, Sukanya Samriddhi Scheme Rates Remain Unchanged: Government Notifies

An inspection of the bank's financial records revealed that it did not fully follow guidelines on 'Priority Sector Lending (PSL) - Targets and Classification' and 'Interest Rate on Deposits'.

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Finance Ministry Announces 7.1% Interest on Special Deposit Scheme Until September 30

Why Credit Scores Matter More Than Salary for Personal Loan Approval

Finance Ministry Notifies 6.85% Interest Rate for Senior Citizens Welfare Fund Deposits

RBI Fines Muthoot Housing Finance Fair Practice Code Violation

PPF, NSC, Sukanya Samriddhi Scheme Rates Remain Unchanged: Government Notifies

RBI Fines Bank of India Due to Non-Compliance with Regulatory Directives Regarding Priority Sector Lending