The Reserve Bank of India (RBI) has hiked the interest rate on floating rate savings bonds from 7.15 per cent to 7.35 per cent from January 1, 2023. The hike in interest rate on these bonds have come up after government hiked the interest rate on small savings schemes for January to March quarter of financial year 2022-23.
The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2022-23.
Here is a quick comparison of the interest rates on savings accounts at SBI, ICICI Bank, HDFC Bank, PNB, Canara Bank and Federal Bank. (Latest savings account interest rates as per bank websites)
Residents can file a complaint with the Aadhaar-experience new online complaint filing portal for any Aadhaar-related service.
The Employees Provident Fund Organisation (EPFO) has issued a circular on December 29, 2022 on who can get higher pension and the process to apply for higher pension. The new circular is issued to comply with the instructions issued by the Supreme Court in its jdugement dated November 4, 2022.
All bank holidays have been classified into distinct categories under the Negotiable Instruments Act of 1881-Holidays Under Negotiable Instruments Act, Banks' Closing of Accounts, and Real-Time Gross Settlement Holiday. Bank holidays will differ from state to state.
IMPT has announced over 10,000 world-famous affiliate brands for its shopping ecosystem, ready to allocate a small margin of sales to the environmentally-friendly ecosystem.
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From credit card reward points to partial withdrawal rules for National Pension System (NPS) subscribers to mandatory know-your-customer (KYC) documents for purchasing insurance policies, a host of rules are going to change starting from January 1, 2023. Here's a list of financial rule changes applicable from next month.
A few national holidays during the year are Republic Day on January 26 and Independence Day on August 15 and October 2 (Mahatma Gandhi Jayanti). These are the days that the banks across most states will be closed.
As we get ready to welcome 2023, Namrata Dadwal of ET Wealth lists 10 metrics of prudent financial management that will ensure a smooth ride in the upcoming year. Watch!
You must check these travel credit cards which come with exclusive benefits. With the right travel card, you not only earn good rewards but also save on flight bookings, hotel stays, memberships, and more. Further, you can also save a significant amount on foreign exchange markup fees as some of these cards offer a lower rate compared to other avenues
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PFRDA has said that the online partial withdrawal facility from NPS through self-declaration will no longer be available for government sector subscribers, starting from January 1, 2023. All you need to know about the changes in NPS partial withdrawal rule
IDBI Bank has increased the rate of interest on deposits and now offers interest on 700 days tenure. The bank revised its FD interest rates with effect from December 19, 2022 for amounts below Rs 2 crore.
Domestic fixed deposits of less than Rs 2 crore now have higher interest rates. According to a Bank of Baroda website, the new rates will be effective on December 26, 2022.
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Laurus Labs will benefit from the growth prospects of the global and domestic pharma indutry as spending on medicines, including Covid-19 vaccines, is likely to increase at 3-6% CAGR by 2026.
Union Cabinet revised the pension of armed forces pensioners and family pensioners under One Rank One Pension (OROP) with effect from July 1, 2019. Check how this revision will work and who will benefit.
PNB customers can now log into PNB ONE application using Aadhaar card details and avail various features of the app, the bank said
Kisan Diwas or National Farmers' Day is observed across the country on December 23 to honour farmers, the backbone country. The central government offers various schemes for farmers and the agricultural sector. Know all about Kisan Credit Card, Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Kisan Samman Nidhi and 3 other beneficial govt schemes for farmers
Banks offering highest 3-year FD interest rates for senior citizens
The higher rates range from 0.5 to 0.75 basis points (bps), depending on the bank. Recently, many big banks have raised their fixed deposit interest rates.
The retail digital rupee is an electronic token issued by the Reserve Bank of India. It is is similar to the physical rupee that you hold in your wallet. Since the pilot started there has been a lot of interest among the users about it. ET Wealth Online answers seven common questions related to the retail digital rupee.
The interest rate on SCSS was revised from 7.4% to 7.6% which is at present the highest interest rate offered by a small savings scheme. Many smaller private sector banks and small finance banks are now offering FD interest rates high as 9%. Rise in FD interest rate is expected to continue in next few months. Will SCSS remain competitive to FDs or should you prefer FDs now.
Bajaj Finance has raised interest rates by up to 25 basis points. The new rates on Bajaj Finance FDs will apply to new deposits and renewals of maturing accounts up to Rs 5 crore.
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Banks offering highest 1-year FD interest rates
The interest rates will be revised at the end of this month, as is customary to revise every three months. Interest rate for PPF was last revised in April–June 2020 quarter.
Customers of Punjab National Bank, particularly those with accounts in fixed deposit scheme PNB Varshik Aay Yojna, have been informed of the discontinuation.
The cover ‘Paytm Payment Protect’ is provided through a group insurance policy issued by HDFC Ergo. The company said that the plan is being offered to increase the trust in digital payments, which will push up adoption.
Best FD interest rates: Super senior citizens can earn up to 8.3%
With this association, city-headquartered Sundaram Finance will offer Care Health's innovative range of health insurance solutions to its loyal and increasing base of customers. The products would be offered in the retail and group segments of Sundaram Finance customers who in addition to the company's existing portfolio of technology driven and customised offerings can now have their diverse insurance needs under one roof.
Last week, major banks including as SBI, HDFC Bank, and ICICI Bank raised their fixed deposit interest rates. Here is a look at other banks that have revised their fixed deposit interest rates following the trend.
There are banks that provide greater interest rates to customers who are over the age of 60. The increased rates vary from 0.50-0.75 basis points (bps) depending on the bank.
Property prices in Hyderabad: The average cost of 2-BHK in this Hyderabad locality is Rs 70 lakh
Fincare Small Finance Bank has hiked its fixed deposit interest rates, applicable for deposits below Rs. 2 crore.
Axis Bank has boosted its marginal cost of funds-based lending rates (MCLR) across tenures by 30 basis points. The revised prices will go into effect on December 17, 2022.