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How to withdraw from Sukanya Samriddhi Yojana (SSY) account [ad_1] The government launched Sukanya samriddhi yojana to promote the wellbeing of the girl child by offering financial support during key life events like marriage and schooling. The Beti Bachao Beti Padhao campaign’s Sukanya Samriddhi Yojana programme was introduced on December 2, 2014. How is interest calculatedThe account will earn interest ...

Indian lenders expect pick up in retail deposits as interest rates rise By Siddhi Nayak and Nupur Anand MUMBAI (Reuters) – Indian lenders are expecting stronger inflows of retail deposits as the interest rates offered to individuals to park money with banks have risen in recent months, bringing them at par with those offered by ...

RBL Bank FD Scheme: RBL Bank launches new FD scheme; these investors can earn up to 8.3% interest rate [ad_1] In order to give customers the benefit of flexibility with their regular monthly savings and top-up investments, RBL Bank announced the launch of its Smart Deposit programme. This flexible term deposit option is known as Smart Deposit. Customers have the ...

Rupee closes at 81.70 against dollar amid unabated foreign fund outflow The rupee fell 28 paise to close as 81.70 (provisional) against the US dollar on Tuesday as unabated foreign fund outflow hit market sentiments. However, a weak dollar and fall in crude prices capped the losses in the local currency, forex traders said. ...

Income tax Budget Expectations: What income tax relief Nirmala Sitharaman’s 2023 Budget can give for middle-class [ad_1] With Budget 2023 around the corner, middle-class taxpayers are hoping for a host of measures from Finance Minister Nirmala Sitharaman. A simplified capital gain tax regime, lower income slabs under the new tax regime, and higher income tax deductions for prepayment of housing ...

UCO Bank Q3 profit more than doubles to Rs 653 cr on decline in bad loans UCO Bank on Tuesday reported more than two-fold jump in profit at Rs 653 crore for the quarter ended December 2022, driven by increase in interest income and decline in bad loans. Its net profit stood at Rs 310 ...

HDFC Bank FD interest rate: HDFC Bank hikes FD interest rate on this tenure; senior citizens can earn up to 7.75% [ad_1] HDFC Bank has increased the interest rate on fixed deposits of less than Rs 2 crore on one select tenure. According to the bank’s official website, the new rates are effective from January 24, 2023. Following the hike, ...

PSU Bank FD Interest Rates: 5 PSU, private banks offering more than 8% FD interest rate for senior citizens [ad_1] In tandem with the Reserve Bank of India repo rate hikes, many banks have been increasing the interest rates on fixed deposits. Though banks are in a rate hike spree and pass the benefits to customers, there are only few ...

US-based crypto exchange Gemini to lay off 10% workforce, says report US-based crypto exchange Gemini said that it will lay off 10 per cent of its workforce, citing “bad actors” in the crypto industry, the media reported. It’s at least the third round of cuts at Gemini in the past eight months. In a ...

Can you still access locker if agreement was not submitted to bank before Dec 31, 2022? Here’s what RBI says [ad_1] The Reserve Bank of India (RBI) has extended the deadline for banks to complete the process of renewal of agreements for existing safe deposit lockers in a phased manner by December 31, 2023. This move came after the RBI ...