shivalik small finance bank interest rates: Shivalik Small Finance Bank revises FD, savings account interest rates [ad_1] Shivalik Small Finance Bank (SFB) has revised its fixed deposit and savings account (FD) interest rates. According to the bank’s website, the new rates are effective from September 19, 2022. Savings account Savings account interest is based on day-end balances kept in the ...

Rupee breaches 81: How your household budget could be impacted by falling rupee [ad_1] Rupee touches 81: How your household budget could be impacted by falling rupee [ad_2]

UPI Lite: Difference between UPI123 and UPI Lite [ad_1] Shaktikanta Das, governor of the Reserve Bank of India (RBI), introduced UPI Lite on September 20, 2022, to speed up and simplify low-value UPI payments. Users will be able to conduct real-time small-value payments up to Rs 200 using UPI Lite, an on-device wallet function, without entering a UPI PIN. However, ...

Transferring EPF account: What is Annexure K? [ad_1] Every time an EPF member transfers their PF amount from an exempted to an unexempted establishment (or vice versa), an EPF document called Annexure K is issued to them. An EPF document called Annexure K provides the member’s information, his PF accumulations with interest, his service history, his joining and leaving dates, ...

Sovereign Gold Bond: Premature redemption of SGB fixed at this price [ad_1] The Reserve Bank of India has fixed the price for early/premature redemption of the Sovereign Gold Bond Scheme SGB 2016 Series II and SGB 2016-17 Series II at Rs 4,952 per unit. According to the RBI press release, “Accordingly, the due date of the fourth and third premature ...

Will exit reconstruction scheme after lock-in period ends: YES Bank YES Bank on Friday claimed that the Reserve Bank of India (RBI) would allow the lender to exit the reconstruction scheme it entered in March 2020 after the end of a three-year lock-in period for those who invested in its share. The completion of the lock-in period ...

Rupee Cooperative Bank set to explore merger proposal, SFB conversion Following a stay on cancellation of banking licence by Bombay High Court, Pune-based Rupee Cooperative Bank’s administrator will explore various options. These include conversion into a small finance bank (SFB), or merger with another sound urban co-operative bank (UCB). On August 8, the Reserve Bank of India (RBI) had ordered ...

Rupee breaches 81 vs USD before RBI steps in; FX reserves at near 2-yr low The rupee closed at a new low against the dollar on Friday, even as market interventions by the Reserve Bank of India (RBI) helped the local currency recoup much of the hefty losses suffered in the course of the trade when it breached the ...

Customers must report unauthorised transactions immediately: SBI chief Warning against mounting cyber crime cases across the country, State Bank of India (SBI) Chairman Dinesh Kumar Khara said customers should be informed to report any unauthorised transaction immediately so that it can be checked timely. Khara asserted that customer service should be given the utmost priority and urged ...

6 legal rights every tenant must know [ad_1] Tenants’ heirs If a tenant dies mid-term, the landlord cannot throw out his legal heirs or successors who were living with him, if they want to continue to stay in the house for the remaining period of the contract or rent agreement. These successors would include the deceased tenant’s spouse, children, parents ...