ICICI Bank slashes FD rates by up to 50 bps. Check the latest rates here
From now, the one-year FD will fetch 5.8 per cent per annum, down from 6.2 per cent (a 50 bps cut) and five-year FDs will now earn 6 per cent, down from 6.4 per cent (a reduction of 40 bps).
Govt may cut interest rate on PPF, NSC, other small savings schemes next quarter
During the current quarter, the government refrained from cu...
India Post records transactions worth Rs 2,680 crore in 3 days
According to data shared in the statement, people deposited a total amount of ...
CBDT likely to soon notify tax compliance relaxations
Finance minister Nirmala Sitharaman had last week announced several relaxations in compliances including under the income tax.
Investors wiped out by Yes Bank AT-1 write-off; Retired lose life’s savings
Yes Bank on Saturday had said that it has written down Rs 8,415 crore of the Rs 8,690-crore AT-1 bonds issued. The bank has said that since the third quarter losses had turned it unviable or approaching unviability, the bonds were written down.
WHO, IMF say saving lives 'prerequisite' to save jobs
The WHO and IMF chiefs insisted that saving lives was a "prerequisite" to saving livelihoods in the coronavirus pandemic.
HDFC Retirement Savings Fund
HDFC Retirement Savings Fund – The gateway to save tax now, and retire in style tomorrow When it comes to retirement planning, deferment/postponement is norm...
Small savings rate may see moderation next quarter: DEA secy
During the current quarter, the government refrained from cutting interest rates on small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), despite moderating bank deposit rates.
1% drop in small savings' rate may cut income by 15%. Measures are needed to save these schemes
The action taken by the RBI to provide a monetary cushion to the looming COVID recession has caused a reduction in the interest earnings of those who have money in sovereign deposit schemes.
Use the ETMONEY app to save up to Rs 78,000 in tax
ETMONEY's tax solution helps users avail a combination of all tax-saving options across ELSS, NPS, health and term insurance policies for self and family members.
Households saved Rs 11K per year due to increasing affordability of thalis: Survey
Eco Survey finds that cost of vegetarian thali reduced significantly since 2015-16 though the price rose in 2019.
Opting for EMI moratorium? Be ready to pay more
Borrowers have been advised to give instructions in advance to stall the debit, even if they have no money because the bank where they have their savings account might charge them for failure of standing instruction.
Equity saving schemes fell 11% in one month. Time for conservative investors to rethink?
Equity saving schemes are sold as `one of the safest’ investment products. A typical sales pitch goes like this: “look at the portfolio. It is debt, arbitrage, and a little bit of equity.
Tax saving deadline extended for FY2019-20: Here's how it impacts you
The government has extended the last date for tax saving for FY2019-20 from March 31, 2020 to June 30, 2020.
Cash on delivery payment option suspended on Amazon, Flipkart, 1MG
These online ordering and delivery platforms have temporarily suspended the COD payment option to minimize the risk of spreading of coronavirus infection and to ensure the practice of social distancing.
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