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RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3% The Reserve Bank of India’s Monetary Policy Committee has raised the repo rate by 25 basis points to 6.50 per cent in order to bring inflation back towards the central bank’s 4 per cent target, said governor Shaktikanta Das on Wednesday. The ...

FD interest rates: Is this the best time to invest in long-term fixed deposits? [ad_1] FD interest rates: Is this the best time to invest in long-term fixed deposits? [ad_2]

Travellers to India from G20 nations can use UPI for merchant payments: RBI The Reserve Bank of India (RBI) will let travelers to the country use UPI for merchant payments, expanding the scope of the ubiquitous funds transfer system. Unified Payments Interface (UPI) will be first extended to travellers from G-20 countries arriving at select ...

UPI payment extended to travellers coming from G-20 countries to India, says RBI [ad_1] Travellers coming to India will soon be able to use Unified Payments Interface (UPI) for retail payments in the country. The Reserve Bank of India (RBI) on February 8, 2023, announced that the UPI merchant payment facility will be extended to inbound travellers to India. “UPI ...

Rupee appreciated 4 paise to 82.66 against US dollar in early trade The rupee appreciated 4 paise to 82.66 against the US dollar in early trade on Wednesday, supported by a firm trend in domestic equities ahead of the Reserve Bank of India’s monetary policy decision. However, investors remained concerned over rising crude prices in ...

RBI Rate Impact on Home Loan: RBI Rate Hike: How home loan EMIs under EBLR, MCLR, base rate, BPLR will be impacted, what borrowers should do now [ad_1] Borrowers’ nightmare of rising loan interest rates seems like it will be a prolonged one as the RBI in in its monetary policy meeting on February 8, 2022 decided to raise the ...

RBI Monetary Policy: Repo rate hiked by 25 bps to 6.5% as inflation eases On Wednesday, the Reserve Bank of India (RBI) governor Shaktikanta Das announced a repo rate hike of 25 basis points (bps), taking the key benchmark interest rate to 6.5 per cent. The MPC’s decision was split 4-2. This is the first rate hike ...

RBI MPC: When and where to watch policy announcement by Shaktikanta Das The Reserve Bank of India’s (RBI) Governor Shaktikanta Das will announce the decision of the Monetary Policy Committee (MPC) on the repo rate today. The six-member rate-setting committee started its bi-monthly meeting to decide on the benchmark interest rate on February 6. According to experts, ...

Senior citizens can invest extra Rs 15 lakh in SCSS from April 1, 2023 but PMVVY to close from same date [ad_1] While the government has hiked the investment limit under the Senior Citizen Saving Scheme (SCSS) by Rs 15 lakh to Rs 30 lakh, it is to be noted that the other scheme for retirees — Pradhan Mantri Vaya ...

This bank offers 8.8% FD interest rate to senior citizens, 8.10% to other investors [ad_1] Jana Small Finance Bank has revised its interest rates on fixed deposits, with effect from February 1, 2023 and on FD Plus (without premature facility), effective February 6, 2023. After the revision, the small finance bank (SFB) offers highest interest rate of 8.10% for citizens ...