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NRE/NRO accounts with international mobile numbers can now use UPI The National Payments Corporation of India (NPCI) has instructed members of the Unified Payments Interface (UPI) ecosystem to allow non-resident account types such as non-resident external (NRE)/ non-resident ordinary (NRO) accounts having international mobile numbers to get onboarded and transact through UPI. This is subject ...

Rupee closes at 81.78 against dollar; biggest single-day gain since Nov The rupee gained 57 paise to close at 81.78 (provisional) against the US dollar on Tuesday, the biggest single-day gain since November. Forex traders said the rupee was the best performer among Asian currencies and now has the support of 81.70. At the ...

bonds: Why this is the right time to buy bonds [ad_1] It’s Mar ’21 and stock markets across the world corrected by over 15% as the uncertainty from COVID caused investors to panic in the face of economic uncertainty. Fast-forward just one year and the same stock markets not only recovered losses but hit all-time highs. While quick access to ...

Axis Bank complies with IRDAI order; to buy more 7% stake in Max Fin Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in Max Life Insurance at fair market value using discounted cash flow method. The revision in agreement ...

Employee Resignation: What employees lose when forced to resign instead of being fired by employer [ad_1] Labour laws in post-independent India have sought to strike a balance between the rights of employees and those of employers, while acknowledging the fact that employers usually have the upper hand in terms of bargaining power. One such seminal piece of legislation is the ...

Bank of Maharashtra employees’ union for term deposit rate hike At a time when banks are aggressively raising interest rates on term deposits due to widening gap between credit and deposit growth, the interest rate differential on the maximum rate by Bank of Maharashtra and other public sector lenders is about 75 basis points (bps). ...

PPF Death Claim Settlement Rules: Death claim settlement rules for post office schemes like PPF, Sukanya Samriddhi, NSC [ad_1] The government has observed that many post offices are not following prescribed procedures and revised timeline for settlement of deceased claim cases when it comes to post office schemes. The government has made changes to the process of claiming money from ...

Rupee gains nearly 100 paise in two days to below 82 against dollar The rupee strengthened significantly against the US dollar on Tuesday, marking its biggest single-day gain since November 11, amid overseas investment flows and a sharp decline in the greenback’s demand from state-owned banks on behalf of oil importers, dealers said. The domestic currency settled at ...

FD interest rate: These 6 private banks offer up to 7.5% interest rate on FDs for senior citizens [ad_1] Several private banks have increased their fixed deposit interest rates in tandem with Reserve Bank of India’s (RBI) repo rate hikes. For the investment security that these institutions provide, the majority of senior citizens choose fixed deposits to save their life ...

Axis Bank to pick residual stake in Max Life at fair market value After receiving a rap from insurance regulator Insurance Regulatory and Development Authority of India (Irdai), Axis Bank on Tuesday said it has entered into revised agreements with Max Financial Services. Under these pacts, Axis will acquire the balance 7 per cent equity in Max ...