Mahila Samman Savings Certificate: Who can invest; interest, investment limit, and more [ad_1] [ad_2]

RBI to launch pilot project for QR-based coin vending machines in 12 cities Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the central bank would launch a pilot project on QR code-based coin vending machines (QCVM). These vending machines will dispense coins against a debit to the customer’s account using Unified Payments ...

NPS PRAN: New process to make reclaiming ‘withdrawn but unclaimed NPS amount’ easier [ad_1] With regards to NPS, the Pension Fund Regulatory and Development Authority (PFRDA) has stated that any funds remaining after one month without being transferred to the beneficiary’s bank account will be reinvested in the same PRAN. NPS subscribers can reclaim the withdrawn but unclaimed amount using ...

Rupee appreciates 19 paise to end at 82.51 against US dollar The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. A rally in the domestic equity markets and weakness in the greenback against ...

Who are the eligible nominees under EPF, EPS and EDLI [ad_1] With regards to Employees’ Provident Fund (EPF), EPS and Employees’ Deposit-Linked Insurance (EDLI) accounts, nominees get their part of PF accumulations/EDLI and pension payments in the event of a member’s death. This is why nominees are crucial to all savings, insurance, and pension schemes. When joining the Employees’ Provident ...

Ahead of ban order, RBI gave a list of apps working with NBFCs to govt The Reserve Bank of India gave a list of apps, which were working with non-bank lenders registered with the central bank, to the government ahead of the ban imposed on some apps earlier this week, officials said on Wednesday. “We ...

Home loans, FD interest rates, UPI for international travellers: RBI policy and your money [ad_1] Home loans, FD interest rates, UPI for international travellers: RBI policy and your money [ad_2]

MPC’s optimistic growth outlook augurs well for credit demand In its February 2023 review, the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has raised the policy rates for the sixth consecutive time since May 2022. With the recent hike of 25 basis points (bps), and a cumulative hike of 250 bps, the repo rate ...

How to check dispatch status of your SBI cheque book or ATM/debit card [ad_1] There are many ways a State Bank of India (SBI) customer can request for a cheque book or debit card without visiting the bank. A cheque book can be requested via net banking, SMS, missed call, YONO app and ATM. After requesting a cheque book or ...

RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3% The Reserve Bank of India’s Monetary Policy Committee has raised the repo rate by 25 basis points to 6.50 per cent in order to bring inflation back towards the central bank’s 4 per cent target, said governor Shaktikanta Das on Wednesday. The ...