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How NPS account charges are deducted from your retirement corpus [ad_1] If you are a National Pension System (NPS) investor, it is important to know how much charges are levied on your NPS account and how they are deducted. According to NPS scheme rules, three charges are applicable: a) Account opening charges b) Financial or non-financial transaction charges c) Annual ...

HDFC Bank files petition for NCLT approval to the proposed merger HDFC Bank has filed a joint scheme company petition with the National Company Law Tribunal (NCLT) in accordance with Section 230-232 of the Companies Act seeking sanction of the tribunal for the merger proposed between HDFC Bank and HDFC Ltd. The bank has already received the ...

Give us money to burn, we can build a UPI-like product: Axis Bank’s Amitabh After being chided by RBI brass for missing the UPI bus by not investing early, a top executive of Axis Bank on Thursday said banks do not have money to burn for building such businesses. “We didn’t have Rs 3,000 crore of money ...

fixed deposit interest rates: These 2 banks offer above 9% interest rate on FDs [ad_1] In 2022, banks started increasing fixed deposit (FD) interest rates. And since then the FD interest rates offered by many banks are now in the range of 5-8%. Banks also offer higher interest rates for senior citizens. Particularly for individuals seeking advantages like high liquidity, ...

ICICI Bank raises Rs 5,000 crore via infrastructure bonds to fund projects Private sector lender ICICI Bank has raised Rs 5,000 crore through infrastructure bonds for funding projects in segments like power, roads etc. The coupon for seven-year paper was fixed at 7.63 per cent, about 25 basis points above yield on government benchmark bonds with similar ...

Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium [ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to introduce long-term motor insurance products comprising Third Party insurance and Own Damage cover. In August 2020, the regulator had withdrawn the mandatory purchase of long-term comprehensive insurance policies having combined features covering Own Damage ...

Govt to launch first surety bonds for road contractors on December 19 The road transport and highways ministry will launch the maiden surety bonds insurance product by general insurance companies for highway contractors on December 19, Union Minister Nitin Gadkari said on Thursday. The announcement comes two years after the ministry had requested the Insurance Regulatory and ...

Maintenance against property must be written in gift deed: Supreme Court [ad_1] (This story originally appeared in on Dec 08, 2022) NEW DELHI: The Supreme Court has ruled that parents gifting their property to children in lieu of being cared for in their old age must put this condition in writing in the gift deed. Otherwise, the property gift can’t ...

New business premium of life insurance companies rises 30% in November Life insurance companies reported a 30 per cent year-on-year (YoY) growth in new business premiums (NBP) in November due to a stellar show by state-owned Life Insurance Corporation (LIC), even as private insurers saw their premium growth moderating. Data released by the Insurance Regulatory and Development ...

EPF withdrawal: How to make a claim for final PF settlement online [ad_1] EPF withdrawal: How to make a claim for final PF settlement online [ad_2]