News No1

SBI raises interest rates on FD by 0.25%: Good news for customers
 SBI has increased the benchmark lending rates of various maturity periods up to 0.10 per cent for all three years.



 If you are a SBI customer then you have good news for you. SBI has increased the interest rate of fixed deposits by 0.25%. These rates are for FDs of less than 1 crore rupees. If you pay FD for more than 1 year and 2 years, then you will get 6.65% interest. Earlier it was getting interest at 6.40 per cent interest.

Senior Citizens will get interest of 7.15 per cent for the FD for less than 2 years and for less than 2 years, which was 6.90 per cent earlier.


FD less than 2 years and less than 3 yearsSBI has announced that the increased rates on FD will be effective from May 28 ie Monday. An increase of interest rate of 0.05 per cent for more than 2 years and less than 3 years of FD has been announced. This fixed deposit will now get interest of 6.65%, which was 6.60% earlier. Senior Citizens will get interest of 7.15 per cent on the FD over 2 years and the FD below 3 years, which was earlier 7.10 per cent.


7 days to 45 days of FDYou can do FD from SBI at least 7 days to 45 days, which will get you 5.75 per cent interest. Apart from this, senior citizen is getting interest of 6.75 per cent for 7 days to 45 days on FD. No changes have been made in this.3 years to 5 years, 5 years to 10 years of FDThere has been no change in interest rates for FDs from 3 years to 5 years, and interest rates for FDs for 5 years and 10 years have not been increased.


However, an indication of this can be assumed that the landing rates of banks can also be increased. Earlier, the country's largest public sector lender had increased interest rates on deposits of 0.10 to 0.25 percent for retail customers in March.According to a report, according to a report, in recent days, FDs are getting returns of more than 5 times in mutual funds, due to which there was pressure on banks to increase the interest rates on the FD. Due to this, SBI has decided to increase the interest rates of FD.


News No2

 Impact on transaction of Rs 20,000 crore from bank strike: Assocham

Assocan said in the statement that due to the strike of about 10 lakh bank employees, banking clearances in the branches of public banks across the country would be affected by banking activities like withdrawal and depositing from the account.



 A two-day nationwide strike of employees of public banks can affect the customer transactions of Rs 20,000 crore. Industry organization Assocham said this today. At the same time, he has urged the United Forum of Bank Unions (UFBU), United Front of Bank Employees Unions, to withdraw the strike. The organization also urged for a relief scheme to improve the condition of public sector banks.

Assocan said in the statement that due to the strike of about 10 lakh bank employees, banking clearances in the branches of public banks across the country would be affected by banking activities like withdrawal and depositing from the account.Assocham Secretary General DS Rawat said that the public banks are facing a debt of immersed debt. According to reports, their deficit is expected to increase to record level of Rs 50,000 crore in the March 2018 quarter, which is more than doubling the previous quarter's losses to Rs 19,000 crore.


He said that keeping in mind this bad situation, the Assocham urges the government to offer a relief scheme in which it is sure to restore the good condition of public banks.


All India Bank Employees Union's general secretary C. H. Venkatachalam said that the Union Forum of Banking Union (UFBU) has decided to go on a two-day strike to protest the two percent increments proposed by the bank, because last time 15 Percent increments were increased.


As a result, work in public banks across the country was interrupted. However, operating in private banks like ICICI Bank, HDFC Bank, Axis Bank is almost normal.