Rupee falls 1% as robust US payroll data stokes Fed rate hike fears The rupee weakened 89 paise, or 1.08 per cent, vis-a-vis the US dollar on Monday, suffering its biggest single-day fall in four months on the back of unexpectedly strong US employment data, which stoked fears that the US Federal Reserve would hike rates for ...

EPFO: EDLI insurance claims: EPFO clarifies on assurance benefits payable to Employees’ Deposit Linked Insurance Scheme beneficiaries [ad_1] In October 2022, the Employees’ Provident Fund Organization (EPFO) had issued a clarification on the insurance claims under EDLI. It had stated that it has received complaints under the Employees’ Deposit Linked Insurance Scheme (EDLI) where an employee has passed away while ...

The FM has good news for those who don't use up their leaves [ad_1] The FM has good news for those who don’t use up their leaves [ad_2]

RBI’s 3-day long MPC meeting starts amid expectations of lower rate hike RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation. The decision ...

Safety from market volatility, rising interest rates make FDs a preferred choice among investors: Survey [ad_1] MUMBAI: Safety from market volatility, simplicity and rising interest rates make fixed deposits a preferred choice among Indian investors, finds study by financial planning firm Kuvera. The poll found that almost half investors said they chose FDs when they needed money within three years ...

Bandhan Bank FD Interest Rates: Bandhan Bank hikes FD interest rates by up to 50 bps; you can earn 8% on this tenure [ad_1] Bandhan Bank has increased its fixed deposit interest rates for retail deposits of up to Rs 2 crores in a second rate hike on fixed deposits in 3 months, according to the press release. The revised ...

Creditors of IL&FS Financial Services to get Rs 3,200 cr interim payout IL&FS Financial Services’ creditors, including 28 lenders and debenture holders, will get an interim amount of Rs 3,200 crore, making it the largest cash payout since the government superseded its board in October 2018. The IL&FS group would also pay back another Rs ...

Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability [ad_1] Senior Citizen Savings Scheme (SCSS): Know all about TDS applicability [ad_2]

Reserve Bank widely seen delivering final 25 bps hike, say economists By Swati Bhat MUMBAI (Reuters) – India’s central bank is widely expected to raise its policy interest rate by a quarter percentage point to mark its final increase in the current tightening cycle on Wednesday before pausing to assess the impact of its hikes, ...

Odd tenure FDs are offering higher than normal interest rates: 5 things to know before investing [ad_1] Banks have been hiking fixed deposit rates in line with rise in the repo rate. Some banks have gone a step ahead and announced odd tenure deposits that are offering higher than normal interest rates. The news gets even better as several small ...