A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Indian banks to close on April 17 for Ram Navami, with upcoming elections affecting banking operations in various states. ET report details additional holiday closures in different regions.
6:10 AM
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The Reserve Bank of India (RBI) has mandated banks and finance companies to provide borrowers with a comprehensive key facts statement starting from October 1. This statement will include information on all fees, the annual cost of credit, recovery agent policies, grievance contact details, and the likelihood of the loan being sold to others.
4:10 AM
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Senior citizens are increasingly relying on fixed deposits, with their share doubling to 30% according to an SBI study. To enhance their financial independence, the report suggests waiving tax on interest from these deposits and doubling the Atal Pension Yojana ceiling to Rs 10,000. The report also notes that despite tight liquidity conditions, banks raised deposit rates in the latter half of FY24 to attract fresh deposits.
3:10 AM
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5:10 PM
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Senior citizens can earn up to 8.1% interest on three-year FDs from various banks, but must consider tax implications and possible TDS deductions. It's essential to stay informed about market trends and investment details.
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