fixed deposit interest rates: This bank hikes FD interest rates by up to 1.35% [ad_1] UCO Bank, a public sector lender, has raised interest rates on fixed deposits with deposit amounts under Rs. 2 crore on select tenors. The new rates are effective from December 2, 2022, according to the UCO Bank website. UCO Bank FD interest ratesThe bank will ...

Rupee premiums close to bottoming, RBI key moving part, says report The premiums on the Indian rupee are unlikely to fall much further, with current levels almost fully incorporating the U.S. and India interest rate differentials, analysts said. The USD/INR 1-year implied forward premium plunged almost 50 basis points (bps) in November to 1.88% – its lowest ...

health insurance policy: Multiple restoration benefit on health insurance policy: How to get maximum value from it [ad_1] The trend of health insurance plans with multiple restorations or unlimited restorations has gained momentum in the recent past. A good number of insurers offer such benefits now. Many features of such health plans look too good to be real, especially when ...

Why is demand for private credit on the rise? After two years of subdued festivities, markets once again teemed with keen shoppers last October. Diwali was celebrated with usual pre-pandemic fervour. And sales figures, which are coming out now, clearly attest to it — like auto sales jumped by 48%. The prime festival month saw 18.3% growth in total non-food ...

LIC launches WhatsApp services: List of services, how to use [ad_1] Life Insurance Corporation of India has launched selected interactive WhatsApp services for its registered LIC policyholders. The insurance giant made the announcement via twitter on Friday. LIC launches its WhatsApp Services#LIC #WhatsApp https://t.co/vBO4c86xLr — LIC India Forever (@LICIndiaForever) 1669960150000 How to avail LIC WhatsApp services Policy holders who have ...

Rupee gains as dollar slides on US data backing slower rate hikes The Indian rupee rose on Friday, but gains were capped due to dollar demand amid a slump in the greenback after U.S. data overnight reaffirmed expectations of a slowdown in the pace of rate hikes by the Federal Reserve. The rupee edged up 0.05% to ...

pf wage limit hike: What will happen to your EPF, EPS if govt hikes PF wage limit to Rs 21,000 [ad_1] The central government is said to be planning to increase the wage ceiling limit under the Employees’ Provident Fund (EPF) scheme to Rs 21,000 from Rs 15,000 now. The previous time the central government enhanced the wage threshold was ...

Rupee gains 18 paise to 81.08 against weak US dollar in overseas trade The rupee appreciated 18 paise to 81.08 against the US dollar in early trade on Friday supported by a weak dollar in the overseas market. Forex traders said weak domestic equities and foreign fund outflows weighed on the local unit and restricted the appreciation ...

Rupee appreciates by 8 paise to close at Rs 81.22 against US dollar The rupee appreciated by 8 paise to close at 81.22 (provisional) against the US dollar on Thursday on broad dollar weakness after Federal Reserve Chairman Jerome Powell said the pace of interest rate hikes may slow. Forex traders said foreign fund inflows and a ...

e-Rupee: India’s digital currency fails to excite interest, say bankers  A month into India’s pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking ...