bank of baroda mclr hikes: Bank of Baroda hikes MCLR by up to 30 bps; home loan, other loan EMIs to go up [ad_1] A whopping 35 basis points repo rate hike by the Reserve Bank of India (RBI) on December 7, 2022, has prompted many banks to increase their lending rates. Bank of Baroda is the latest lender to ...

Indian Overseas Bank revises interest rates on domestic, foreign currency Public sector Indian Overseas Bank has revised the interest rates on its domestic, foreign currency non-resident (banking) term deposits with immediate effect, the city-based lender said on Saturday. Depositors of domestic, non-resident external would receive interest rates up to 7.30 per cent by opening a term deposit ...

atal pension yojana: What to do if Atal Pension Yojana contribution stops from your post office savings account [ad_1] If your Atal Pension Yojana (APY) contribution is not being deducted due to closure of your post-office savings account or non-maintenance of the minimum balance in the old post-office savings account, then here is some help for you. The Department of ...

ppf investment: Budget 2023: ‘Increase section 80C limit to Rs 2.5 lakh, raise PPF investment limit to Rs 3 lakh’ [ad_1] The deduction limit under section 80C of the Income-tax Act, 1961, should be increased from the existing Rs 1.5 lakh to Rs 2.5 lakh in Budget 2023, the Institute of Chartered Accountants of India (ICAI) suggested in its Pre-Budget ...

Home loan borrowers: How to reduce rising EMI burden if loan tenure can’t be extended – Another repo rate hike [ad_1] If you have savings or investment which is earning a lesser return than the interest rate that you are paying on your home loan, then it is better to use it to partially prepay your home loan to control ...

pfrda nps calculator: PFRDA launches ‘personalised’ NPS retirement calculator and planner for individuals [ad_1] The National Pension System (NPS) regulatory body – Pension Fund Regulatory and Development Fund (PFRDA) has launched an NPS Prosperity Planner (NPP) for individuals. This retirement planner will help individuals estimate the projected retirement income (annuity) as per the annuity options. The estimated retirement income will ...

floating rate fd: Is this the right time to invest in floating rate FDs to benefit from rising interest rates? [ad_1] In a rising interest rate scenario if you book your fixed deposit (FD) now and the rate rises later, you will end up losing interest on your FD. However, nobody is sure how long the interest rates will keep ...

Not all banks may opt to sell products of 27 insurers, say experts Not all corporate insurance agents – banks and others – may sign up soon to distribute products of 27 insurers – nine each in life, general and health- said experts. Even when the Insurance Regulatory and Development Authority of India (IRDAI) had allowed the ...

Gold, silver prices rise in early trade; yellow metal trading at Rs 54,280 Gold price rose by Rs 280 per 10 grams (24-carat) in Saturday’s early trade to 54,280. Silver prices, on the other hand, rose by Rs 1,400 per kg to Rs 67,600 per kg today. Ten grams of 22-carat gold is trading at Rs 49,750 after an increase ...

YES Bank gets RBI nod to raise capital from Carlyle, Verventa Holdings The Reserve Bank of India (RBI), on Friday, issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings, the bank said in a statement while informing the exchanges. “We wish to hereby inform that ...