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6 facts about mutual fund systematic transfer plan [ad_1] [ad_2]

Which bank is offering the highest FD interest rates? Check the list here [ad_1] The RBI increased the repo rate once more by 0.50% on August 5, 2022, during it bi-monthly monetary policy meeting. Rising FD interest rates now have more momentum as a result of three consecutive repo rate increases. FD investors can anticipate better days ahead as the ...

Flows into NRI deposits nosedive to mere $349 mn in June quarter Flow of money into non-resident Indian (NRI) deposits nosedived to a mere $349 million in Q1FY23 from $2.52 billion in Q1FY22. Outstanding deposits declined to $135.9 billion at the end of June 2022 from $141.5 billion a year ago. Sequentially, NRI deposits also shrank from ...

PNB introduces two new FD tenures with interest rates up to 6.1% [ad_1] Punjab National Bank () has added two new tenures for fixed deposits (FD) for amounts less than Rs 2 crore. PNB has added a new tenure of 405 days with an interest rate of 6.10 percent, effective from August 19, 2022. The other tenure which is added ...

Rupee falls by 12 paise to 79.76 against US dollar in opening trade The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to ...

How to open, close KVP, NSC accounts online via India Post internet banking facility [ad_1] On the occasion of ‘Azadi ka Amrit Mahotsav,’ the Post Office announced the introduction of online account opening and closure for National Savings Certificates (VIII Issue) (NSC) and Kisan Vikas Patra (KVP) in DOP Internet Banking. The Department of Post made this announcement via a ...

India aims to copy China, but unbridled digital lending off policy agenda There’s a lot about Beijing’s decades-long infrastructure push and investment-led growth that India wants to emulate. But when it comes to the consumer economy, aping China’s out-of-control digital lending boom is strictly off the policy agenda. The Reserve Bank of India’s recently released guidelines for app-based loans show ...

Baroda BNP Paribas MF mobilises Rs 1,400 cr from flexi-cap scheme NFO Baroda BNP Paribas Mutual Fund on Thursday said it has collected over Rs 1,400 crore from its flexi-cap scheme during the New Fund Offering (NFO) period. The scheme — Baroda BNP Paribas Flexi Cap Fund — is an open-ended dynamic equity scheme investing across large ...

RBI steps in as rupee slides on corporate outflows; bond yields jump The rupee weakened 23 paise to settle at 79.68 per US dollar on Thursday as foreign banks heavily purchased the greenback on behalf of corporates looking to exit domestic investments, dealers said. Dollar demand from banks on behalf of importers following a recovery in crude ...

Forex market intervention aims met with lower fall in reserves: RBI article The Reserve Bank of India (RBI) has been successful in achieving its foreign exchange market intervention goals with a progressively lower drawdown in its reserves, an article by staff of the central bank said. This is largely owing to the accumulation and timely use of ...