[ad_1] The Employees’ Provident Fund Organisation (EPFO) sets the interest rate for provident fund deposits annually. In February 2024, the EPFO announced an interest rate of 8.25% for the financial year 2023-24, up from 8.15% for the previous year. This has led to many EPF members asking, “When will EPF interest for FY 2023-24 be…
[ad_1] NEW DELHI: Extreme weather conditions along with escalated geopolitical tension that could increase the crude oil prices may pose a risk to inflation as per the Reserve Bank’s April Bulletin released on Tuesday. The retail inflation based on the Consumer Price Index (CPI) has declined to 4.9 per cent in March from 5.1 in…
[ad_1] SBI WeCare FD: The State Bank of India (SBI) has extended the deadline for applying for SBI WeCare, a fixed deposit scheme designed to provide higher interest rates to senior citizens for terms lasting between 5 to 10 years. According to ET, SBI WeCare was introduced to protect senior citizens’ income by offering them…
[ad_1] RBI Floating Rate Savings Bonds: Looking for a secure investment with an interest rate over 8%? Let’s talk about RBI Floating Rate Savings Bonds (FRSBs) 2020 (Taxable). Currently, these bonds offer an interest rate of 8.05% per annum, making them an attractive choice among debt investments. Will this rate remain stable? How is the…
[ad_1] SBI loan for PM Surya Ghar Muft Bijli Yojana: The PM Surya Ghar Muft Bijli Yojana, launched by the government a few months back, aims to empower households to harness solar energy, reduce electricity bills, and even earn extra income by selling surplus power to DISCOMs. As per an ET report, individuals with sufficient…
[ad_1] NEW DELHI: The Reserve Bank of India on Friday kept the repo rate unchanged for the seventh consecutive time at 6.5%. This indicates that your loan EMIs are likely to remain unaffected.Additionally, RBI governor Shaktikanta Das said that SDF and MSF stands at 6.25% and 6.75%, respectively.“After a detailed assessment of macroeconomic and financial…
[ad_1] Tax benefits of NSC: The National Savings Certificate (NSC) is a government-backed scheme ideal for low-risk investors. It offers guaranteed returns and tax benefits. NSC certificates are available in electronic or passbook formats.Interest rate updateThe current interest rate for NSC stands at 7.7% for the quarter from April to June 2024. It’s important to…
[ad_1] MOSCOW: The rouble hit a one-week low past 93 to the dollar on Monday as the Russian market reopened after a deadly shooting rampage near Moscow on Friday evening, with the Russian currency supported by high oil prices and month-end tax payments. Russia lowered flags to half-mast for a day of mourning and charged…
[ad_1] POTD vs bank tax-saving FDs: Every quarter, the government updates the interest rates of small savings schemes. For the April-June 2024 period, the rates remain unchanged for all 10 schemes, including the 5-year Post Office Time Deposit (POTD). Additionally, many banks provide tax-saving benefits on 5-year fixed deposits.As per an ET, here’s how the…
[ad_1] NEW DELHI: As inflation rates in Pakistan reached an alarming rate of 32.89% on Friday, the central bank of Pakistan kept the key interests on hold at 22% for the sixth straight term.Calling the move an effort to bring the inflation rates down to 5-7% by September 2025, the central bank said, “Inflation warrants…
