Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for better financial decisions.

As interest rates fall, it helps to know what a good mortgage refinance interest rate is considered to be right now.

The Senior Citizen Savings Scheme (SCSS) offers a competitive 8.2% fixed interest rate, matching the Sukanya Samriddhi Account. This rate, applicable for the January-March 2026 quarter, remains unchanged from the previous period.

As the central bank considers changing the prime interest rate, the financial sector is struggling to explain the 350-basis-point difference between the prime rate and the repo rate — a gap that affects everybody with debt.

The SCSS, a government-backed small savings scheme, is specifically designed for investors seeking a fixed income option in their old age.The scheme is seen as a guaranteed cushion for regular interest income flow,