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How to close a frozen PPF, Senior Citizen Savings Scheme, other small savings scheme account [ad_1] In order to protect the hard-earned money of depositors and ensure effective KYC compliance, the Department of Posts, via a notification issued on December 15, 2022, has stated that it has decided to freeze certain small savings scheme accounts that have reached maturity but ...

Which bank is offering highest FD interest rate after latest hikes: SBI vs HDFC Bank Vs ICICI Bank [ad_1] Many banks immediately hiked the fixed deposit interest rates after the Reserve Bank of India this month raised the repo rate by 35 basis points to 6.25%. The latest ones to join the list are SBI, HDFC Bank, ICICI Bank and ...

If not, consider working with brokers offering slightly larger charges backed up by a extensive range of helpful companies. Some brokerage accounts might charge withdrawal or transfer fees for shifting cash into or out of your account. Research the quantity that will be deducted out of your capital everytime you transfer funds. No-commission trades work by eliminating the standard fees ...

Govt had no outstanding loans from RBI in Dec 9 week, says central bank Dec 16 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Dec. 9, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The ...

Forex reserves swell by $2.91 billion to $564.06 billion as of Dec 9 India’s forex reserves rose by USD 2.908 billion to USD 564.06 billion for the week ended on December 9, according to the Reserve Bank data released on Friday. In the previous reporting week, the overall reserves had soared by USD 11 billion ...

Bank credit grows 17.5% in a fortnight; deposits up 10%: RBI data Bank credit grew by 17.5 per cent year-on-year (YoY) to Rs 131.06 trillion in the fortnight ended December 2, reflecting the continuation of firm demand for loans in the economy, latest Reserve Bank of India (RBI) data showed. Deposit mobilisation increased 9.9 per ...

RBI’s forex reserves rise for fifth straight week to $564.07 billion The Reserve Bank of India’s (RBI’s) foreign exchange reserves rose by $2.9 billion to $564.07 billion in the week ended December 9. This is the fifth consecutive week of an increase in the central bank’s coffers. The rise in the previous week was mainly ...

Indian banks’ loans rose by 17.5% y-o-y in 2 weeks till December 2: RBI Dec 16 (Reuters) – Indian banks’ loans rose 17.5% in the two weeks to Dec. 2 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India’s weekly statistical supplement showed on Friday. Outstanding loans rose 1.59 trillion rupees ...

Want a loan against your mutual funds? Eligibility, processing fees, interest – Want a loan? [ad_1] Do remember that mutual fund investments continue to earn dividends and appreciate while the lien is marked. When an investor repays a partial loan, that proportion of mutual fund units may be made free from the lien. Do note that once the lien is ...