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UPI single block multiple debit facility coming soon: How it will help you [ad_1] [ad_2]

ADB approves $780 mn loan to expand Chennai’s metro rail network The Asian Development Bank (ADB) on Thursday approved financing of $780 million to build new lines for Chennai’s metro rail and improve the network’s connectivity with bus and feeder services. The project will construct 10.1 km of an elevated section between Sholinganallur to State Industries Promotion ...

Federal Bank revises savings account interest rates [ad_1] Federal Bank has revised savings account interest rates with effect from December 8, 2022. This comes just a day after the Reserve Bank of India (RBI) raised the repo rate by 35 basis points during its Monetary Policy Committee meeting. Federal Bank’s savings account interest rates are linked to the repo rates. ...

Curb on securitising short-term maturity loans may hurt micro loan biz The Reserve Bank of India’s curb on securitising loans having residual maturity of less than 365 days may hit the sale of short-term advances like micro-finance, personal loans and gold loans for a while, rating agencies said on Thursday. The change could make a certain portion ...

National Pension System: NPS account opening: Compare CRA charges deducted from retirement corpus [ad_1] Over the years, the National Pension System (NPS) regulator, the Pension Fund and Regulatory Development Authority (PFRDA), has expanded the record-keeping functions from one central record-keeping agency (CRA) to three. Currently, an individual can open an NPS account with any of the three CRAs – Protean ...

How HDFC customers can avail home loan related services on WhatsApp [ad_1] HDFC customers can now reach out on WhatsApp for service assistance for their loans or to request a call back for a new loan. How to connect with HDFC Home Loans on WhatsApp Step 1: Visit link https://portal.hdfc.com/whatsapp/register-account Step 2: Enter your home loan account number and Date ...

Home Loan Interest Rate: These banks have increased home loan interest rates after RBI repo rate hike [ad_1] In an effort to fight inflation, the Reserve Bank of India (RBI) raised the repo rate once more. The central bank raised the repo rate by 35 basis points (bps; 100 basis points = 1%) to 6.25% in its most recent monetary ...

Home loan interest rates to increase further: Should go for loan tenure extension? [ad_1] Avoid tenure extension if… Many borrowers who have short tenure home loan like 15 years or below, lenders may offer the tenure extension option. However, this is not in the best interest of the borrower. Any extension in EMI increases your overall interest payable amount. You ...

Does sticky core inflation mean more rate hikes by RBI? On Wednesday, the RBI’s Monetary Policy Committee announced its fifth consecutive rate increase this year. The RBI also lowered its India GDP growth forecast for the current financial year to 6.8 per cent. According to the RBI governor, persistent and sticky core inflation remains a cause for concern. Do ...

RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das Catch all the latest updates on the RBI’s bi-monthly monetary policy announcement today