India’s foreign exchange reserves at 11-week low, down for third week India’s foreign exchange reserves fell for the third straight week to hit an eleven-week low of $561.27 billion as of the week ended Feb. 17, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves fell by $5.68 billion at the ...

LIC Housing vs HDFC Vs PNB housing: Who is offering best interest rates on home loans? [ad_1] Several banks have raised their home loan lending rates immediately after the Reserve Bank of India (RBI) had hiked the repo rate by 25 basis points (bps) to 6.50% in February Monetary Policy. After October 1, 2019, all floating-rate retail house loans approved ...

Senior citizen FD: Earn up to 8%; check SBI, HDFC Bank, ICICI Bank, and IDBI Bank special fixed deposit rates – FD rates hiked sharply [ad_1] Senior citizens can earn up to 0.75 per cent additional interest rates under IDBI Naman Senior Citizen Fixed Deposits. The minimum deposit under this scheme is Rs 10,000. The maximum limit will go up ...

UPI payment for international travellers: Eligibility, documents required, other key details to know [ad_1] In India, the Unified Payments Interface (UPI) is now a widely-used payment method for retail electronic transactions. Recently, the Reserve Bank of India (RBI) announced the extension of UPI to allow visitors from G20 countries to use it to make merchant payments when they are in ...

Bank of Baroda to consider all borrower requests, including Adani, on merit One of India’s biggest state-backed lenders will consider all borrower requests if the proposal meets the bank’s underwriting standards, a top official said when asked if it will consider lending to the beleaguered Adani Group. “Irrespective of borrower, you have underwriting standards and ...

EPFO Joint Declaration Facility: EPFO says online facility to submit joint option form for higher EPS pension ‘coming soon’ [ad_1] The EPFO has announced that it will be providing an online facility for employees to file a declaration opting for higher pensions jointly with their employers on the EPFO portal soon. A ticker is running on the EPFO website stating: ...

PSU Banks FD Rates: PSU banks now offer inflation-beating FD rates [ad_1] Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot, especially with several public sector banks raising the rates on deposits to as high as 7.75-8% for specific tenures – and categories of ...

ICICI Bank hikes FD interest rates by up to 50 bps; senior citizens can earn up to 7.6%, others can get up to 7.1% [ad_1] After SBI and HDFC Bank, ICICI Bank raised fixed deposit (FD) interest rates on retail deposits of up to Rs 2 crore. The bank has hiked interest rates by up to 50 basis points (bps) ...

Rupee depreciates 9 paise to 82.73 against US dollar in early trade The rupee depreciated 9 paise to 82.73 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund outflows further dented investor sentiments, according to forex traders. At ...

Can you claim higher pension from EPS if you were not contributing to EPF account in 2014? [ad_1] The Supreme Court in its judgment dated November 4, 2022, has provided clear-cut guidelines on who is eligible to apply for higher pension from the Employees’ Pension Scheme (EPS). However, it is possible that an employee was not making contributions to the ...