RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes Given the “uncertain outlook”, the Reserve Bank of India (RBI) governor Shaktikanta Das during the Monetary Policy Committee (MPC) meeting between December 5 and 7, was of the view that rate hikes should continue in India. “I am…of the view that a premature pause in ...

LIC warns policyholder about fake information with regard to penalty charges for KYC update [ad_1] In a public notification, the Life Insurance Corporation of India stated that it does not impose any fines on customers who fail to update their Know Your Customer (KYC) information for life insurance policies. The warning follows the spread of false information on social media ...

UPI should continue to be free in India: Paytm’s Sharma at BS BFSI summit United Payments Interface (UPI) transactions in India should be kept free for customers in India until the majority of the population starts making digital payments, chief executive officer (CEO) of Paytm Vijay Shekhar Sharma said on Wednesday. “This country should keep ...

Banks offering highest 1-year FD interest rates [ad_1] Banks offering highest 1-year FD interest rates [ad_2]

DA arrear update: Will central govt employees get 18-month DA arrear frozen during Covid-19? Govt answers [ad_1] Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the Covid-19 pandemic? In a written reply to a query in Rajya Sabha on December 13, 2022, Pankaj Chaudhary, Minister ...

BFSI summit 2022| All entities providing banking service subject to same rules: RBI Dy Governor Any entity providing banking services needs to follow regulations meant for banks, said T Rabi Sankar, deputy governor of Reserve Bank of India (RBI), on Thursday. Non-bank entities outside the regulatory purview cannot be allowed to undermine the banking system, ...

PPF interest rate: What is the current PPF interest rate? [ad_1] The Public Provident Fund (PPF) along with other small savings deposits may see an increase in interest rates for the January-March 2023 quarter. The interest rates will be revised at the end of this month, as is customary to revise every three months. The interest rate of PPF stands ...

PNB discontinues this FD scheme: Check details [ad_1] Customers of Punjab National Bank, particularly those with accounts in fixed deposit scheme PNB Varshik Aay Yojna, have been informed of the discontinuation. [ad_2]

Likely hike in Post Office Scheme interest rates: Will PFF, Sukanya Samriddhi rate hikes be significant? [ad_1] Interest rates on small savings schemes like the Public Provident Fund, Senior Citizens Savings Scheme, Sukanya Samriddhi Account, NSC, KVP are due for revision by the government in end of this month. Though the interest rate cycle has turned around from the lowest ...

Paytm offers cyber fraud cover of up to Rs 10,000 at Rs 30 [ad_1] (This story originally appeared in on Dec 20, 2022) Mumbai: In perhaps a first of its kind service, Paytm is offering customers protection against cyber fraud through an insurance policy available for fraudulent mobile transactions up to Rs 10,000 for a premium of Rs 30. The ...