RBI Repo Rate Update RBI repo rate reduced to 5.5% after 50 basis point cut on June 6, 2025Impact on FD and savings account interest rates New FD Rates of Major Banks SBI: 6.25% for 1–2 years, 6.05% for 5 yearsHDFC Bank: 6.25% for 1 year, 6.4% for 5 yearsBank of Maharashtra, Axis Bank: 6.25% … Read more
New Delhi, June 9: Staying on top of current affairs is essential for every UPSC aspirant, especially as the Prelims and Mains demand a thorough understanding of national and international developments. The week from June 2 to June 8, 2025, was eventful across sectors like economy, diplomacy, environment, and culture. Here’s a concise yet comprehensive … Read more
In a major relief for home loan borrowers, the Reserve Bank of India (RBI) has announced a significant cut in the repo rate during its Monetary Policy Committee (MPC) meeting held on June 7, 2025. The central bank slashed the repo rate by 50 basis points (0.50%), bringing it down from 6% to 5.5%. This … Read more
