Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix The continuous hikes in interest rates by the Reserve Bank of India (RBI) have led to a rise in tenure for home loans. The 20-year home loans are now 24 years long, a report by Economic Times (ET) said on Thursday. The borrowers who ...

EPF interest: Why interest credited into EPF account is not visible, finance ministry clarifies [ad_1] The Finance Ministry has said that there will be no loss of interest rate for Employees’ Provident Fund Organisation (EPFO) subscribers, and the delay in crediting interest rate for FY22 is due to a software upgrade due to tax changes implemented last year. In June, ...

NARCL makes offers to acquire Jaypee Infratech debt held by Public Banks State-owned banks that gave loans to Jaypee Infratech will be able to recover their money next month. However, 24,000 homeowners, owners of fixed deposits, and private lenders will have to wait until the bankruptcy court endorse the resolution plan of the winning bidder Suraksha Group, reported the ...

UPI Frauds: How to prevent from UPI Frauds? Follow these tips [ad_1] The SBI shares 6 tips for safe UPI transactions. 1) You don’t need to enter your UPI Pin while receiving money. 2) Always verify the identity of the person you are sending money to. 3) Do not accept random unknown collect requests. 4) Do not share your UPI ...

RBI plans to extensively use AI, ML to improve regulatory supervision The Reserve Bank is planning to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision on banks and NBFCs. For this purpose, the central bank is also looking to hire external experts. While the RBI is ...

Bank Holiday Tomorrow: Is October 5 a bank holiday? [ad_1] Collectively banks in various states will be closed for 21 days in October 2022 due the festive season. In addition to this, banks won’t be open on Sundays and the second and fourth Saturdays. When is Dussehra celebrated It is the festival of Dussehra and banks will be closed for ...

Bonds strengthen sharply as growth fears drag down US debt yields Government bonds strengthened sharply on Tuesday, with yield on the 10-year benchmark paper hurtling 11 basis points (bps) as US bond yields declined to their lowest levels in almost two months, dealers said. A fall in US debt yields increases the appeal of fixed-income instruments in ...

Card Tokenization: 10 credit, debit card FAQs on tokenization [ad_1] What is the process? The card holder can get the card tokenised by initiating a request on the website/app provided by the token requestor and any such similar facility provided by the merchant. This token requestor / merchant will forward the request to card networks Visa / Mastercard / Rupay. ...

HDFC Bank posts 23.5% loan growth in second quarter at Rs 14.8 trn Private sector HDFC Bank on Tuesday said it has registered a 23.5 per cent rise in loans to Rs 14.80 lakh crore in the second quarter of this fiscal. The credit book was Rs 11.98 lakh crore as of September 30 last year. ...

indian bank FD interest rate: Indian Bank hikes FD interest rates by up to 50 bps [ad_1] Indian Bank has increased the interest rates of fixed deposits (FD) by up to 50 basis points (bps) for select tenors. The new interest rates are effective from October 4, 2022, according to the bank’s official website. The bank will now offer interest ...