Home loans dearer, moderate impact on residential sale from RBI rate hike The RBI’s decision to hike repo rate will hit consumers’ buying sentiment, but will have a moderate impact on housing sales in the affordable and mid-income categories, according to industry experts. With a hike in repo rates by 50 basis points, interest rates on home ...

small saving scheme: Which small saving schemes’ interest rates have been hiked for Oct-Dec 2022 quarter [ad_1] Interest rate of most popular schemes remain unchanged Interest rates of rest of the small savings schemes like PPF (7.1%), Sukanya Samriddhi Yojana (7.6%), National Savings Certificate (6.8%) have not been changed. Post office savings account interest rate also remains unchanged at 4%. ...

67% of fall in forex reserves due to valuation changes: RBI governor Das Reserve Bank of India Governor Shaktikanta Das said around 67 per cent of the decline in foreign exchange reserves during the current fiscal year were because of valuation changes owing to a stronger US dollar and higher US bond yields. “How we stand compared ...

Atal Pension Yojna: From card tokenisation to Atal Pension Yojna; 5 money changes that will come into effect from October 1 – The Economic Times Video [ad_1] Come October 1, many new rules will come into effect. These relate to credit and debit cards, Atal Pension Yojana, demat account KYC rules, and NPS. What are these rules, and how will ...

Rupee gains on report of RBI nudging oil firms to reduce dollar buys The rupee gained sharply on Friday as the US dollar eased globally and reports said the Reserve Bank of India had nudged public sector oil companies to cut down on dollar purchases in the spot market, dealers said. The domestic currency settled at 81.35 ...

ICICI Bank FD interest rate: ICICI Bank hikes FD interest rates on select tenors by up to 25 bps [ad_1] ICICI Bank has hiked fixed deposit (FD) interest rates for amounts below Rs 2 crore on select tenors by up to 25 basis points. The new interest rates are effective from September 30, 2022. ICICI Bank will now offer interest ...

System ready for tokenisation, says RBI deputy governor T Rabi Sankar The payments industry is “perfectly ready” for a smooth transition to token-based transactions from October 1, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Friday, based on the feedback from various stakeholders. Tokenisation is a back-end process of replacing credit/debit/prepaid card details ...

Bandhan Bank interest rate: Bandhan Bank revises savings account interest rates [ad_1] Bandhan Bank has revised the interest rates on its savings accounts. According to the Bandhan Bank official website, the new interest rates are effective from September 30, 2022. The bank will now offer a 3% interest rate on savings accounts with a daily balance of up to Rs ...

System ready for tokenisation as 35 crore cards tokenised, says RBI About 35 crore cards have been tokenised and the system is ready for the new norms which set in from October 1, the Reserve Bank said on Friday. There are a few laggards in the system who have not complied with the mandate because of their ...

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