The SARB did not cut interest rates in March in a close four-two split, with the Monetary Policy Committee primarily focusing on global external shocks to South Africa. SARB Governor Lesetja ...

Fixed Deposits are offered by Banks/NBFCs and are regulated by DICGC. Moneycontrol (using the brand name South Indian Bank) is acting in the capacity of Sub Agent/Referral Partner for distribution ...

“Interest rates as a policy tool ... This could lead central banks to cut rates aggressively. But this isn’t the case for South Africa, which is an emerging market with a volatile currency.

However, it is important to note that the interest income on fixed deposits is taxable. So, those investors who fall in the high tax bracket are recommended to invest only a small portio of their ...

Various small finance banks (SFBs) are offering relatively higher interest ... swept-in fixed deposit, keeping the rest of the deposit intact and continuing to earn higher interest rates.