Blog

Bank of Maharashtra employees’ union for term deposit rate hike At a time when banks are aggressively raising interest rates on term deposits due to widening gap between credit and deposit growth, the interest rate differential on the maximum rate by Bank of Maharashtra and other public sector lenders is about 75 basis points (bps). ...

PPF Death Claim Settlement Rules: Death claim settlement rules for post office schemes like PPF, Sukanya Samriddhi, NSC [ad_1] The government has observed that many post offices are not following prescribed procedures and revised timeline for settlement of deceased claim cases when it comes to post office schemes. The government has made changes to the process of claiming money from ...

Rupee gains nearly 100 paise in two days to below 82 against dollar The rupee strengthened significantly against the US dollar on Tuesday, marking its biggest single-day gain since November 11, amid overseas investment flows and a sharp decline in the greenback’s demand from state-owned banks on behalf of oil importers, dealers said. The domestic currency settled at ...

FD interest rate: These 6 private banks offer up to 7.5% interest rate on FDs for senior citizens [ad_1] Several private banks have increased their fixed deposit interest rates in tandem with Reserve Bank of India’s (RBI) repo rate hikes. For the investment security that these institutions provide, the majority of senior citizens choose fixed deposits to save their life ...

Axis Bank to pick residual stake in Max Life at fair market value After receiving a rap from insurance regulator Insurance Regulatory and Development Authority of India (Irdai), Axis Bank on Tuesday said it has entered into revised agreements with Max Financial Services. Under these pacts, Axis will acquire the balance 7 per cent equity in Max ...

Verification of Aadhaar after explicit consent of Aadhaar number holder; UIDAI issues verification guidelines [ad_1] To further increase residents’ trust while using Aadhaar voluntarily for legal purposes, the Unique Identification Authority of India (UIDAI) has issued a set of guidelines to Offline Verification Seeking Entities (OVSEs). These guidelines address a number of usage hygiene issues. According to the Ministry of ...

Hitachi Payment, BharatPe get RBI nod to operate as payment aggregators Hitachi Payment Services and BharatPe have received in-principle authorisation from the Reserve Bank of India (RBI) to operate as payment aggregators, said the companies on Tuesday. Hitachi, as a payment aggregator, will be able to provide its business-to-business (B2B) customers with digital payment products and value-added ...

Bank of Baroda hikes interest rates on home loans, other loans [ad_1] Bank of Baroda has become the most recent lender to raise its marginal cost of funds-based lending rate (MCLR). According to a BSE filing by the bank, it has hiked MCLR by up to 35 basis points across all tenures. The latest loan interest rates come into effect ...

Bank of Baroda increases MCLR from 8.3% to 8.5% effective January 12 Public sector lender Bank of Baroda (BoB) on Tuesday announced an increase in its marginal cost of funds-based lending rate (MCLR) by up to 35 basis points (bps) across tenors with effect from January 12. MCLR is the minimum interest rate below which a bank ...

Does writing on bank notes make them invalid? Govt answers – Does scribbling on bank notes make them invalid? [ad_1] Does writing on bank notes make them invalid? Govt answers – Does scribbling on bank notes make them invalid? | The Economic Times 10 Jan 2023, 02:58 PM IST 1/5 Does scribbling on bank notes make them invalid? Does scribbling ...