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Axis Bank has revised its interest rates on term deposits after RBI increased its repo rate on Friday

RBI rate hike: Axis Bank changes interest rates on fixed deposits under Rs 2 crore; check new rates

Oct 01, 2022

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.

The interest rate on small savings schemes was last revised during the first quarter of 2020-21, when rates were slashed due to pandemic-related issues.

Interest rate hikes: Rates for govt small savings schemes changed after more than 2 years

Oct 01, 2022

But the government hasn’t changed the interest rates for the popular schemes -- Public Provident Fund (PPF), National Savings Certificate and Sukanya Samriddhi Scheme.

ICICI Bank is the first bank to make the changes in interest rates. The lender will offer a revised rate between 3 per cent and 6.10 per cent for tenors from 7 days to 10 years.

ICICI Bank hikes FD interest rates by 10-25 bps on select tenors for retail investors after RBI increases its repo rate

Sep 30, 2022

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.

Smart Beta investing is basically stock selection and weighting based on factors, such as risk-adjusted returns, rather than size, as defined in the underlying index methodology by NSE Indices Limited

HDFC Mutual Fund floats 2 more Smart Beta ETFs for investors

Sep 28, 2022

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.

The scheme will generate returns by investing in units of Gold and Silver ETF, where the daily weights shall be market driven with the starting (NFO) allocation of 70:30.

Motilal Oswal floats Gold and Silver ETFs Funds of Funds; check offer, other details here

Sep 23, 2022

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.

HDFC Bank and IDBI Bank have said that September 30 will be the last day for their special fixed deposit schemes for senior citizens.

HDFC Bank, IDBI Bank to wind up these special fixed deposit (FD) schemes from October 1

Sep 22, 2022

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.

When it comes to investment and long-term savings schemes, fixed deposits are still the most popular instrument for risk-averse people.

Kotak Mahindra, South Indian Bank, Bandhan Bank increase FD interest rates. Check here for scheme details

Sep 22, 2022

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.

NPS: Till recent times, the pensioners would have to wait for the day of authorisation of withdrawal request plus four days for settlement of the transaction.

National Pension Scheme: Improved timelines, e-nomination process, other updates all investors should note

Sep 21, 2022

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.

Axis Bank FD rates: The senior citizens will get a better deal between 2.75 per cent and 6.50 per cent for the FD schemes

Axis Bank announces hike in Fixed Deposit interest rates on these plans. See here

Sep 20, 2022

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.  

The Bank of Baroda is also offering a Baroda Tiranga Deposit Scheme, which is available in two tenor buckets.

Bank of Baroda, Hawkins increase interest rates on fixed deposits; check latest details here

Sep 14, 2022

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

National Pension Scheme is regulated by the Pension Fund Regulatory and Development Authority and the central government, and is a contributed retirement scheme floated in 2014.

Want to open an NPS account online? Here's a quick guide on how to manage account, get ePran card

Sep 14, 2022

National Pension Scheme: As per financial experts, NPS is one of the most effective long-term investments for one’s retirement, and also offers decent tax benefits. Here are steps you can follow in order to open an account.

 The Annuity Service Providers (ASPs) are insurance companies regulated by Irdai and empanelled by the PFRDA to provide the annuity to the NPS subscribers from the bouquet of annuities offered by them.

Good news for senior citizens! Irdai removes separate form requirement to buy annuity from NPS

Sep 13, 2022

Now, the exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers.

LIC Saral Pension: While the minimum age at entry has been kept at 40 years, the maximum age is fixed at 80 years.

'Pay single premium, get pension for life': LIC launches new plan - All you need to know 

Sep 11, 2022

Under Saral Pension, the modes of annuity available are yearly, half-yearly, quarterly, and monthly. The LIC in its policy document states that the annuity rates are guaranteed at the inception of the policy and annuities are payable throughout the lifetime of the policyholder(s).

With dematerialisation or 'Demat', a policy holder can create a portfolio of insurance policies he has and store them in an electronic form with an insurance repository

IRDAI proposes to have insurance policies in Demat format by December 2022

Sep 09, 2022

Insurance policies in Demat format: With this rule, policyholders can have only one e-Insurance Account with an insurance repository of their choice.

Gold, silver prices: In the global market, spot gold rose 0.4 per cent to $1,713.62 per ounce as of 0110 GMT, while US gold futures were up 0.3 per cent at $1,724.90.

Gold, silver prices today surge to Rs 51,000 in early trade, global rates climb up due to softer dollar

Sep 09, 2022

Gold prices on September 9 are at Rs 51,000 for 10 grams of 24-carat, and Rs 46,750 for 22-carat. Silver prices increased by Rs 1,400 per kg, with the metal trading at Rs 54,200.

Private sector lender ICICI Bank revised the interest rates on fixed deposits of more than Rs 2 crore to Rs 5 crore almost a month after the Reserve Bank of India hiked the repo rate by 50 bps to 5.40% in August.

ICICI Bank revises fixed deposit interest rates; check out details

Sep 08, 2022

ICICI Bank FD rates: ICICI Bank will offer interest rates between 2.75 per cent and 6.10 per cent for tenors from 7 days to 10 years for regular citizens. The rate for senior citizens is slightly higher and ranges from 3.25 per cent to 6.60 per cent.

FD rates: According to experts, the FDs can be a smart way to build a healthy corpus as it is a low-risk investment avenue, and is safe and consistent despite market fluctuations.

Axis Bank Fixed Deposit rates vs SBI Fixed Deposit rates: Check out latest rates, withdrawal clauses

Sep 08, 2022

For the general investors, Axis Bank is offering fixed deposit rates of 2.5 per cent to 5.75 per cent for schemes maturing between 7 days and 10 years, whereas for senior citizens the rates are a bit higher and are between 2.5 per cent and 6.5 per cent.

Mutual fund nomination rule: The Sebi has extended the August 1 deadline to October 01, 2022

New rule for mutual fund plans: Subscribers must give nomination details or opt-out details

Sep 08, 2022

New rule for mutual fund subscribers: According to Sebi, AMCs will have to provide an option to the subscribers to submit either the nomination form or the declaration form for opting out of the nomination in physical format or online format as per the choice of the unit holders.

Gold, Silver Price on September 8: Gold Rates are expected to be under pressure due to strong dollar, Treasury yields-16:9

Gold, silver prices today dip after three days, global rates under pressure over strong dollar, Treasury yields

Sep 08, 2022

Gold, Silver Price on September 8: Domestic gold prices dipped yesterday with MCX gold futures sliding by 0.48 per cent and touching Rs 50,038 per 10 grams. White metal futures dropped 0.72 per cent to Rs 50,038 per kilogram.

LIC has termed the policy as a non-participating, unit-linked, individual pension plan, which is meant for long-term regular savings.

LIC floats New Pension Plus plan: Check out term, investment details here

Sep 07, 2022

LIC New Pension Plus Plan: Investors can either buy a single premium payment policy or a regular premium payment. The pension plan can be later converted into regular income by the purchase of an annuity plan once the term is over.

Gold price today: Spot gold was down 0.3 per cent at $1,696.30 per ounce, as of 0127 GMT. Spot silver fell 0.7% to $17.92 per ounce, platinum was 0.7 per cent lower at $847.46 -16:9

Gold prices today surge yet again in domestic market, global prices dip over stronger dollar

Sep 07, 2022

Domestic gold prices on September 7 surged even though most of the commodities in the non-agro segment saw a decline in the past few weeks. In the international market, gold prices dipped on Wednesday as the US dollar got stronger and Treasury yields rose.