Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1 The government on Friday hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. ...

How to raise complaints related to Aadhaar services? [ad_1] Aadhaar is for every resident of India from a newborn to a senior citizen, everyone can enrol for Aadhaar. It is now one of the most important documents to avail any financial services. It is essential to keep your Aadhar details up to date. UIDAI has suggested that residents who received ...

RBI to extensively use AI, MI driven tools for info creation, data analysis Artificial Intelligence (AI) and Machine Learning (ML) driven tools for data analysis and information creation will be integral part of Reserve Bank’s Medium-term Strategy Framework Utkarsh 2.0′ for the period 2023-2025 launched on Friday by Governor Shaktikanta Das. The first strategy framework ...

NPS partial withdrawal rule changes from January 1, 2023: What is the change? Who will be impacted? [ad_1] [ad_2]

Religare Finvest signs settlement agreement with all its lenders for OTS Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company ...

Senior Citizen Savings Scheme, Post office time deposits, NSC interest rates hiked by up to 110 bps for March quarter [ad_1] The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. The finance ministry made this announcement via a circular issued on December 30 2022. ...

Indian rupee ends 2022 as worst-performing Asian currency, falls 11.3% By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve’s aggressive monetary policy stance to tame inflation. The ...

Things to consider before prepaying your home loan| EconomicTimes [ad_1] Tax deduction for home loan On the main amount of your home loan that you repay, you are eligible to claim a tax exemption of up to Rs. 1.50 lakh every fiscal year. Additionally, interest paid on mortgage loans is excluded from taxes (full interest amount is allowed as exemption ...

What is Chanda Kochhar loan fraud case? Banking sector, meanwhile, turned the corner in 2022 and its stocks clocked maximum gains in the last five years. But this year will also be known for the arrest of sector giant Chanda Kochhar — who was one of the founding members of ICICI Bank. In this podcast, we explain what is the ...

Bank lockers customers should renew agreement with bank by January 1, 2023 – New locker agreement [ad_1] Banks could encounter circumstances when the locker-hirer does not maintain the locker or pay the fee. Banks are permitted to demand a Term Deposit at the time of allotment, which would cover three years’ rent plus the costs associated with opening the locker ...