Verified Financial Benchmarks,
Zero Guesstimates.
Every rate, credit card reward cap, retail loan APR band, and tax threshold on MYFW is backed by direct regulatory circulars (RBI, SEBI, CBDT, DICGC) and logged with complete verification provenance.
Scheduled Commercial Bank Rates & DICGC Cover
Track verified savings accounts and Fixed Deposit interest rates for general and senior citizens. All listed scheduled commercial banks carry DICGC insurance cover of up to ₹5 lakh per depositor per bank.
| Institution | Category | Savings Rate | 1-Yr FD | 3-Yr FD | 5-Yr Tax Saver | Senior Extra | Verified By |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)DICGC Covered: ₹5 Lakh | psu bank | 2.7% – 3% | 6.8% | 6.75% | 6.5% | +0.50% | RBI |
| HDFC BankDICGC Covered: ₹5 Lakh | private bank | 3% – 3.5% | 6.6% | 7% | 7% | +0.50% | RBI |
| ICICI BankDICGC Covered: ₹5 Lakh | private bank | 3% – 3.5% | 6.7% | 7% | 7% | +0.50% | RBI |
| India Post / Small Savings (Govt of India)DICGC Covered: ₹0 Lakh | post office | 4% – 4% | 6.9% | 7.1% | 7.5% | +0.70% | RBI |
Credit Card Benchmark & Fee Waiver Thresholds
Transparent, unvarnished comparison of joining fees, annual fees, real net reward rates, and foreign currency transaction markup across India’s leading retail cards.
| Card Name | Issuer / Tier | Joining / Annual Fee | Waiver Spend | Base Reward | Accelerated Benefits | Forex Markup |
|---|---|---|---|---|---|---|
| Cashback SBI Card | SBI Cardentry cashback | ₹999 / ₹999 | ₹2.0 Lakh | 1% | 5% cashback on eligible online spends up to ₹5,000/statement cycle. | 3.5% |
| HDFC Millennia Credit Card | HDFC Bankentry cashback | ₹1,000 / ₹1,000 | ₹1.0 Lakh | 1% | 5% CashPoints on partner e-commerce merchants (capped at 1,000 pts/month). | 3.5% |
| Tata Neu Infinity HDFC Bank Credit Card (RuPay) | HDFC Bankupi rupay | ₹1,499 / ₹1,499 | ₹3.0 Lakh | 1.5% | 1.5% NeuCoins on eligible UPI spends via Tata Neu app; 5% on partner Tata brands. | 2% |
Retail Loan APR Bands & CIBIL Scoring Tiers
Standard loan APR ranges across Home, Personal, Auto, and Education loans linked to RBI Repo rate and borrower credit score tiers.
Prepayment: Zero prepayment or foreclosure charges on floating-rate retail home loans (RBI mandate).
Verified: 2026-10-15 (RBI)Prepayment: 2%–4% + GST on principal prepaid unless waived under Key Fact Statement (KFS).
Verified: 2026-10-15 (RBI)Income-tax Act, 2025 (Sec 202) vs Income-tax Act, 1961
The Central Board of Direct Taxes (CBDT) and Union Budget structural changes:
Regulatory Note: Benchmark figures are sourced directly from regulatory circulars, official bank schedules, and statutory gazettes. myFinance Wisdom is an independent financial technology and education platform and does not act as a credit broker, loan DSA, or SEBI-registered RIA.