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Top 7 investment options for senior citizens who want regular income [ad_1] After retirement, senior citizens usually look for investment avenues offering fixed returns. Here are seven popular investment options that senior citizens can consider for a regular income. Some of these investments also offer income tax benefits to the investors. Senior Citizen Savings Scheme (SCSS) Government-backed Senior Citizen Savings ...

RBI’s rate setting panel starts deliberations; decision on Friday The Reserve Bank’s rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy amidst expectation of 50 basis points hike in interest rate to check inflation and improve foreign capital inflow to arrest declining value of rupee against the US dollar. The decision of RBI Governor ...

Demat account: How to enable two-factor authentication before Sept 30 deadline [ad_1] The National Stock Exchange (NSE) issued a circular for demat account holders on June 14, 2022, laying out a schedule for implementing two-factor authentication and urging them to finish the process as soon as feasible. Owners of demat accounts must enable two-factor authentication by 30 September 2022, stated ...

Share of industrial loans in bank credit on decline, personal loans up: RBI The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, the Reserve Bank said on Wednesday. Both industrial and personal loans had nearly 27 per cent credit share each ...

5 money changes that will come into effect from October 1 [ad_1] RBI card tokenisation As per the RBI mandate, from October 1, 2022, full card number, CVV and expiry date and any other sensitive information related to cards cannot be stored by merchants for processing online transactions. According to the RBI, “Tokenisation refers to replacement of actual card details ...

Rupee trade: Two Russian banks get RBI nod for special vostro account The Reserve Bank of India (RBI) has given its approval to two Russian banks for opening special Vostro account for rupee trade. Sberbank, JSC VTB — the largest and second largest bank of Russia — are the first foreign lenders to receive this approval after the central ...

Dearness allowance: 7th pay commission: Dearness allowance (DA) likely to be hiked soon for central govt employees [ad_1] Sources have said that the government is likely to hike the dearness allowance (DA) component for central government employees soon. The hike in DA will benefit central government employees, central government pensioners and family pensioners getting pension from the central government. The ...

Rupee posts another new low against US dollar, but fares better than peers The Indian rupee hit a new low against the dollar on Wednesday, though the fall was less than at its Asian peers’, as the relentless surge in Treasury yields and the dollar index showed no signs of letting up. The rupee closed at 81.94 ...

DA Hike: DA hiked by 4% to 38%: How much central Government employee’s salary will increase? [ad_1] The government has hiked the dearness allowance (DA) component for central government employees by 4% to 38% (from 34% earlier) effective from July 1, 2022. This is the second hike in DA by the government this year, which was due. The first hike ...

India FX reserves set to shrink further, stir memories of 2008 crisis: Poll India’s depleted foreign exchange reserves are likely to drop further, falling to their lowest level in over two years by end-2022, as the Reserve Bank of India continues to defend the rupee from the mighty dollar’s rise, a Reuters poll found. In a battle ...