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Retirement: Over 80% urban Indians fear running out of money in retirement [ad_1] Worried you will outlive your retirement savings? You are in good company. More than 80% of urban Indians fear they will run out of money in retirement, according to the India Retirement Index Study (IRIS) conducted by Kantar for Max Life Insurance Company. The second edition of ...

What to expect from RBI MPC Meet Tomorrow? [ad_1] Home loan borrowers are likely to feel the heat of higher interest rates as the Reserve Bank of India (RBI) is widely expected to increase its key policy rate on September 30. If this happens, it will be the fourth repo rate hike in this financial year. To tame soaring inflation, ...

Aadhaar verification: How to verify Aadhaar online, offline [ad_1] The Unique Identification Authority of India (UIDAI) has made a new Secure QR Code that includes demographic information and a photograph of the owner of an Aadhaar card available. According to the UIDAI website, “QR Code earlier present on Aadhaar print-letter and e-Aadhaar contained only the demographic information of the Aadhaar ...

RBI policy: How inflation, repo rate and demand are linked to each other The Reserve Bank of India (RBI) announces its monetary policy at least four times a year, once each quarter. Currently, it announces its policy once every two months. Through its monetary policy intervention, the central bank controls the “demand” side of the economy to keep inflation ...

card tokenisation: Pay for your Uber ride using debit, credit card? How to tokenise your card on Uber [ad_1] The Reserve Bank of India’s (RBI) tokenisation rule will come into effect on October 1, 2022. From October 1, merchants operating will not be able to store card details of customer and can only use tokens for repeat transactions. Untokenised cards ...

Senior Citizens Savings Scheme account: How to open Senior Citizens’ Savings Scheme account [ad_1] The scheme A retirement savings scheme specifically designed for senior citizens, the Senior Citizens’ Savings Scheme (SCSS) is for those who are above the age of 60 years. The rate of interest of the SCSS is decided by the government and it provides regular income to ...

Rupee trade: Understanding difference between Nostro and Vostro accounts The Reserve Bank of India (RBI) has approved two Russian banks, Sberbank and JSC VTB, to open special Vostro accounts for rupee trade. The approval came months after India’s central bank announced its norms for rupee trade. In early September, UCO Bank had also received RBI’s approval to ...

APY Account Offline: How to open Atal Pension Yojana (APY) online, offline [ad_1] APY, or the Atal Pension Yojana, is a social security scheme. In order to invest in the Atal Pension Yojana, a person must contribute monthly, quarterly, or half-yearly to the Atal Pension Yojana Account. Once the participant turns 60 years old, a monthly pension is handed out ...

Rupee appreciates 35 paise to 81.58 against US dollar in early trade The rupee appreciated 35 paise to 81.58 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, registering a gain ...

DA hiked by 4%: This is how much your monthly salary will increase [ad_1] The math Let us say the basic pay of a junior-level central government employee is Rs 20,000 per month. Earlier, at the rate of 34%, the central government employee was receiving DA of Rs 6,800 per month. Now after it has been hiked to 38% the ...