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Govt hikes interest rate on post office savings schemes by up to 1.1bps The government on Friday raised interest rates on most post office savings schemes that do not get income tax benefits in line with the firming of interest rates in the economy. While the interest rate for popular PPF and girl child savings ...

Over half dozen financial institutions to see new faces at the helm in 2023 Major financial-sector players like the country’s largest lender, State Bank of India (SBI), and the largest life insurer, Life Insurance Corporation (LIC), are likely to see a change of the guard at the top in 2023. The first quarter of calendar ...

Finance Ministry sharply raises small savings rates for March quarter The Centre on Friday sharply raised interest rates on eight out of 12 small savings schemes for the January-March quarter of FY23. Small savings deposit rates for one year, two years and three years were raised by 110 basis points (bps) to 6.6 per cent, 6.8 per ...

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1 The government on Friday hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy. ...

How to raise complaints related to Aadhaar services? [ad_1] Aadhaar is for every resident of India from a newborn to a senior citizen, everyone can enrol for Aadhaar. It is now one of the most important documents to avail any financial services. It is essential to keep your Aadhar details up to date. UIDAI has suggested that residents who received ...

RBI to extensively use AI, MI driven tools for info creation, data analysis Artificial Intelligence (AI) and Machine Learning (ML) driven tools for data analysis and information creation will be integral part of Reserve Bank’s Medium-term Strategy Framework Utkarsh 2.0′ for the period 2023-2025 launched on Friday by Governor Shaktikanta Das. The first strategy framework ...

NPS partial withdrawal rule changes from January 1, 2023: What is the change? Who will be impacted? [ad_1] [ad_2]

Religare Finvest signs settlement agreement with all its lenders for OTS Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company ...

Senior Citizen Savings Scheme, Post office time deposits, NSC interest rates hiked by up to 110 bps for March quarter [ad_1] The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. The finance ministry made this announcement via a circular issued on December 30 2022. ...

Indian rupee ends 2022 as worst-performing Asian currency, falls 11.3% By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve’s aggressive monetary policy stance to tame inflation. The ...