India’s forex reserves fall $8 billion in a week as RBI defends rupee The Reserve Bank of India’s (RBI’s) headline foreign exchange reserves declined by $7.9 billion to $553.11 billion in the week ended September 2, the latest central bank data showed. The reserves are at their lowest since October 9, 2020, the RBI data showed. ...

Senior Citizens Tax Saving FD: These tax-saving FDs offer interest rates above 7% for senior citizens [ad_1] Banks offer higher interest rates on fixed deposits (FDs) for senior citizens and rates differ depending on the bank. These are the banks offering best interest rates on senior citizen tax saving FDs. Bank Name Tax Saving Qly Compound Return Indusind Bank 7.50 ...

Two years after YES Bank fiasco, AT-1 bonds rekindle investor interest Just about two years ago, additional tier-1 bonds, which are a means of augmenting core equity for banks, were a pariah in Indian financial markets as a crisis in YES Bank caused enormous losses for those who had invested in these debt instruments. If the aggressive ...

How to generate Aadhaar Virtual ID [ad_1] Aadhaar Virtual ID is a 16-digit, temporary random number that is associated with the Aadhaar number. Every time authentication or e-KYC services are used, VID may be substituted for the Aadhaar number. VID can be used for authentication in a similar way to an Aadhaar number. Aadhaar numbers cannot be derived from VID. ...

Axis Bank hikes FD interest rates by up to 25 basis points on these tenures [ad_1] Axis Bank has hiked fixed deposit (FD) interest rates on tenures below 6 months for amounts less than Rs 2 crore, with effect from September 9, 2022. For maturities ranging from 7 days to 6 months, the bank has increased interest rates on fixed ...

WealthDesk’s Whitepaper discusses how the Unified Wealth Interface (UWI) will be a game changer for the asset, wealth and broking ecosystem [ad_1] WealthDesk, an investment technology platform released a whitepaper authored by their Founder and CEO Ujjwal Jain on how the Unified Wealth Interface (UWI) is ‘Democratising Wealth Creation’. Here are the key takeaways from the whitepaper on the impact ...

RBI to issue whitelist of all legal loan Apps, app stores can host only these [ad_1] Finance Minister Nirmala Sitharaman has asked the Reserve Bank of India (RBI) to prepare a list of all the legal loan apps and the Ministry of Electronics and Information Technology (MeitY) to ensure that only these apps are available on the app stores. Sitharaman ...

how to withdraw ppf: How to withdraw PPF money from account in bank? Step-by-step guide [ad_1] A PPF account-holder can withdraw money from the PPF accounts once it matures which is after 15 years of opening the accounts. The entire corpus can be withdrawn from PPF accounts on maturity. Partial-withdrawal option is also available to the PPF account-holder, starting from ...

PM Kisan refund: Ineligible farmers should return instalment amount to govt; here’s how [ad_1] Under the Pradhan Mantri Kisan Samman Nidhi Yojana, those farmers who have been found ineligible due to income tax or other issues are required to return the money they got as part of the scheme to the Indian government. According to an investigation into the Pradhan ...

Equitas Small Finance Bank revises FD interest rates: Now get up to 7.25% on this tenure [ad_1] Equitas Small Finance Bank has revised interest rates on fixed deposits (FD) under Rs.2 crore. The new interest rates are effective from September 8, 2022. The bank will now offer an interest rates in the range of 3.50 percent to 7.25 percent for ...