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Aadhaar authentication to become more secure with new system; know details [ad_1] The Unique Identification Authority of India (UIDAI) has launched a new security system for Aadhaar-based fingerprint authentication and quicker detection of spoofing attempts, according to the Ministry of Electronics & IT, PIB press release. According to the UIDAI tweet, “UIDAI has successfully rolled out a new AI/ML enabled ...

How eligible employees can apply for higher pension under EPS on EPFO portal: A step-by-step guide [ad_1] The Employees’ Provident Fund Organisation (EPFO) issued circulars on December 29, 2022, and February 20, 2023, providing instructions to eligible employees on submitting applications for higher pension under the Employees’ Pension Scheme (EPS). Mallika Noorani, Senior Partner, Parinam Law Associates, says, “The EPFO ...

Bharti AXA-Unity Bank in bancassurance tie-up to tap 1.5 mn customers Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, has entered into a bancassurance tie up with Unity Small Finance Bank (Unity Bank) in order to sell its life insurance products through the lender’s network of 111 branches and 206 ...

HFCs to face headwinds amid rising interest rates, says India Ratings Housing finance companies (HFCs) are in for some headwinds, given the rising interest rates and property prices and the resultant moderation in home affordability, which will lead to a marginal dip in their loan sales growth to 12.3 per cent next fiscal year, says a report. ...

Sovereign Gold Bonds: RBI issues dates for premature redemption, check details [ad_1] The Reserve Bank of India (RBI) has set dates for the premature withdrawal of several tranches of Sovereign Gold Bonds (SGB). The RBI issued a press release outlining the details of the SGB tranches scheduled for premature redemption from April 1, 2023, to September 30, 2023, as well ...

Indian Bank ties up with Toyota Kirloskar Motor to offer vehicle financing Public sector Indian Bank has inked a pact with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers, the bank said on Tuesday. The tie-up would offer various initiatives including 90 per cent on-road funding with no processing fee, foreclosure ...

PPF, SCSS, NSC: What is the minimum balancerequired for these post office accounts? [ad_1] PPF, SCSS, NSC: What is the minimum balance required for these post office accounts? [ad_2]

ESAF Bank, V-Guard partners to finance solar rooftop power systems ESAF Small Finance Bank and electric equipment manufacturer V-Guard Industries signed an agreement to provide financing options to customers looking to install solar rooftop power systems. Under the agreement, ESAF Bank will provide various financing options, including loans and attractive installment payment plans, a statement ...

NPS partial withdrawal: New rule, who can apply explained – NPS partial withdrawal [ad_1] The subscriber should meet the following prerequisites for a partial withdrawal under the aforementioned PFRDA rules. The subscriber’s NPS account has been updated with information regarding their active bank account. Online bank account verification should be enabled for the subscriber’s bank. The request must be submitted ...

SBI raises $1 bn under 5-year syndicated social loan for ESG funding The country’s largest lender, State Bank of India, has raised $1 billion in its largest syndicated social loan for onward lending to ESG projects, affordable housing and self-help groups (SHGs). The deal was the largest Environmental, Social, and Governance (ESG) loan by a ...