The gold industry is integral to the Indian economy, contributing 1.3 per cent to Indian GDP but it is still fragmented, dominated by small and medium-sized enterprises, states a latest report by World Gold Council (WGC)
Fixed Deposit interest rate hike: From now on, Axis Bank will offer a maximum interest rate of 6.15 per cent for the general public and 6.90 per cent for senior citizens for its various schemes.
Aadhaar number-based AePS transactions stood at 102.66 million in September, as against 105.65 million a month earlier. In July, there were as many as 110.48 million AePS transactions.
But the government hasn’t changed the interest rates for the popular schemes -- Public Provident Fund (PPF), National Savings Certificate and Sukanya Samriddhi Scheme.
RBI increased its key repo rate to 5.9 per cent on September 30. Most lenders in the country are expected to revise their fixed-term deposit rates.
The EMIs set to go up as RBI announces 50 bps hike in repo rate today. With this, EMI with floating interest rates is set go up.
According to the Max Life survey, 59% believe that their savings will be exhausted within 10 years of retirement.
Anup Rau, Managing Director and CEO of Future Generali India Insurance in conversation with Business Today, talks about how the general insurance market's emerging segments, such as home insurance, lifestyle insurance, and travel insurance, are picking up demand.
HDFC Mutual Fund: The two new ETFs, HDFC NIFTY 200 Momentum 30 ETF and HDFC NIFTY 100 Low Volatility 30 ETF, have generated higher long-term returns than the NIFTY 200 TRI and the NIFTY 100 TRI, respectively.
Cyber insurance is a type of cover that protects businesses and individuals from financial losses from various digital age threats such as malware attacks, phishing, identity theft, and social media breach, among other things.
The UPI has been at the centre of a payments revolution in India. We believe AA coupled with the RBI’s groundbreaking regulations such as Video KYC will unleash a similar revolution in digital lending, Shetty said.
UPI Lite has been launched as an on-device wallet feature that will allow users to make real-time small-value payments of up to Rs 200 without using a UPI PIN. At present, users need to enter the PIN on UPI apps, such as Google Pay, Phonepe, and Paytm.
The new fund offer will open on September 26 (Monday), and close on October 7. The minimum application amount for the Motilal Oswal Gold & Silver ETF FOF is Rs 500, followed by a multiple of Re 1.
FD rates for senior citizens: Lenders such as HDFC Bank, ICICI Bank, IDBI Bank, SBI had introduced special fixed deposit schemes for investors above 60 years during the Covid-19.
Fixed deposit schemes: When it comes to investment and long-term savings schemes, fixed deposits are still the most popular instrument for risk-averse people. One should note that like all other investment options, returns on FD schemes are taxable.
National Pension Scheme: As per the new rule, the timeline for execution of withdrawal requests under the NPS account has been reduced to T+2 from a T+4 basis.
As per the bank's website, it is offering rates ranging from 2.75 per cent to 5.75 per cent for FD schemes below Rs 2 crore. The new rates are effective from September 20, 2022.
With no card data being saved with the merchant, the chances of it being compromised are minimal.
Union Bank FD Interest rate: The interest rates were revised after the Reserve Bank of India (RBI) hiked the repo rates to 5.4 per cent in August. Following that, most lenders in the country have changed their fixed-term deposit rates.
Bank of Baroda has increased interest rates of fixed deposits by up to 20 basis points (bps) across tenors for amounts less than Rs 2 crore, while Hawkins tweaked its FD rates after keeping the rates unchanged from last year despite a hike in key rates
Advance tax is a mandatory requirement that enables the government to receive tax revenue on a quarterly basis. But who needs to pay it? And why? Read more here.
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