Warren Buffet's words of wisdom

The best investment you can make is an investment in yourself
The more you learn, the more you'll earn

you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

Risk comes from not knowing what you're doing

Price is what you pay. Value is what you get

Bank Name Interest Rates
Effective From

Andhra Bank August 8th, 2014
Bank of Baroda November 1st 2014
Bank of India Febuary 20th, 2014
Bank of Maharashtra September 22nd, 2014
Canara Bank October 1st, 2014
Central Bank of India 3rd April, 2013
Central Bank of India 2nd April, 2013
Corporation Bank November 1st 2014
Dena Bank November 1st 2014
Indian Overseas Bank September 29th, 2014
Punjab and Sind Bank September 23rd, 2014
Punjab National Bank October 10th, 2014
Syndicate Bank October 10th, 2014
Union Bank of India November 11th , 2013
United Bank of India May 1st, 2014
Vijaya Bank September 6th, 2014
State Bank of Hyderabad November 1st 2014
State Bank of India October 7th, 2014
State Bank of Travancore April 1st, 2014
Deutsche Bank July 10th, 2014
Barclays Bank August 1st, 2014
Citi Bank November 1st 2014
Standard and Chartered Bank April 1st, 2014
HSBC Bank India October 18th,2014
Axis Bank November 1st, 2013
City Union Bank September 15th, 2014
Allahabad Bank March 4th 2014
HDFC Bank September 17th, 2014
ICICI Bank 16th August , 2013
IDBI Bank January 16th, 2014
IDBI Bank January 1st, 2014
IndusInd Bank October 1st, 2014
ING Vysya Bank August 26th, 2014
Karnataka Bank October 15th,2014
Kotak Mahindra Bank November 21st, 2013
Tamilnad Mercantile Bank Limited October 13th,2014
The Catholic Syrian Bank June 25th, 2014
The Jammu and Kashmir Bank Limited December 27th, 2013
The Karur Vysya Bank Limited July 14th, 2014
The Lakshmi Vilas Bank September 15th,2014
South Indian Bank Limited March 1st, 2014
TNSC Bank May 14th, 2013
TNSC Bank May 14th, 2012
DBS India November 1st 2014
Post Office April 1st, 2013
Yes Bank 1st August, 2013
State Bank of Mysore March 4th, 2013
Development Credit Bank Ltd. July 7th ,2014
State Bank of Bikaner and Jaipur September 1st, 2014

What is base rate?

The base rate is the lowest rate at which banks can lend to anyone.
According to the RBI instructions, starting July 1st 2010, all banks will have to publish their base rates and determine the effective rate of interest for loan facilities. Some banks allow existing borrowers to either continue with the current system of chargeable effective rate of interest (linked to Benchmark lending rate) till the loan falls due or renewal/review or switch over to the base rate system even prior to the due date of renewal/review in case they are inclined to do so .......

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What is Interest Rate?

An interest rate is the return on your lending or the cost of borrowing. It is expressed as Rate of Interest per year. It is a key variable in any economy. It has big influence on day to day life. It plays an important role when decisions to purchase durable goods such as homes and vehicles are made . It also has influence on the construction of commercial buildings and new businesses.

What is real interest rate?

The general tendency is to look at absolute interest rate. But Real interest Rate is very important. The real interest rate is the rate of interest after adjusting for projected inflation. It influences both lenders and borrowers. It influences the way in which real wealth is redistributed among borrowers and lenders.

The real interest rate also influences the exchange rate in the international market. It influences imports and exports.

There are many types of interest rates that prevail at any given time. Various financial products differ in their riskiness, length of time to maturity, tax impact. Hence, at any given time, we observe different rates on home loans, personal loans, vehicle loans, educational loans, corporate fixed deposits, bank loans, savings accounts rates, Bank Fixed Deposits, NSC certificates, and other financial instruments. Typically, these interest rates move together, all of them being influenced by changes in expected inflation, by the business cycle, and Reserve Bank of India policies.

The Reserve Bank of India can alter the level of interest rates by influencing the availability of loanable funds in banks. It controls the Repo Rates, Reverse Repo rates, CRR and SLR ratios. Interest rates are also affected by factors other than Reserve Bank of India policy.