Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
'Those who looted the nation have fled the country.' 'Those with rooms full of cash have already converted their cash into gold and property.'
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
RediffGURUS Ashwini Dasgupta, Anu Krishna, Dr Karthiyayini Mahadevan and Jinal Mehta answer queries from Rediff readers.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
'Stick to FDs of shorter tenures, preferably one-two years.'
With the merger between HDFC Bank and HDFC Ltd complete, analysts said the next key monitorable for the Street would be successful resolution of merger-related hiccups, including employee-related churn and roll out of complete banking services across branches. At the bourses, they expect the stock to perform in-line with the benchmark indices in the near-term. "There's usually an initial period of consolidation after a merger as the entities work towards integration.
It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. A year later, in 2015, it started operations. Bandhan's entry into banking was seen as a vote of confidence by the Reserve Bank of India (RBI) for the country's microfinance sector. Subsequently, the RBI awarded small finance bank licences to nine MFIs.
Banks will remain open for the public even on the weekend
The Indian Post Payments Bank will be a boon to Indians who live in rural areas. India has 154,000 post offices, of which 139,000 are rural.
RBI has posted detailed instruction on its website clearly showing the eligibility conditions and other necessary documents required to be tendered for exchange of old currency notes
'It was a battle that took many forms, ranging from non-violent mass satyagrahas, mammoth public meetings, huge protest rallies in cities and towns to underground organisation of sabotage of communication and transport networks, an underground radio, illegal patrikas (newsletters) and the formation of parallel governments in Ballia, Midnapore and Satara.'
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
Prime Minister Narendra Modi on Tuesday attacked the Congress, saying it skipped the meeting convened to select the new Chief Information Commissioner (CIC) as he is a Dalit and this reflected the anti-Scheduled Castes mindset of the main opposition party.
Between March 2022 and September 2023, HDFC Bank added 56,310 employees.
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
'I had performed the 'nikah' of Sameer Wankhede and Shabana Qureshi. Her father had approached me to perform the marriage in the Lokhandwala complex area of Mumbai. The groom's name was Sameer Dawood Wankhede who married Shabana Qureshi'
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
The 50-day window for depositing the old notes in bank accounts and post offices expires on Friday.
She said I treated her like a bachchi. At another moment, she said I had gone to various people and 'bitched' about her. She also threatened to bring the entire matter to the PM's notice. A revealing excerpt from Subhash Chandra Garg's We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.
Fears of the Congress not having a credible face, after the death of its three-time chief minister Sheila Dikshit last July, and ceding its vote bank to the Aam Aadmi Party came true with the Arvind Kejriwal-led party capturing the space once occupied by the grand old party.
Demonetisation is the biggest reason for the rise in preference for small savings.
People are increasingly being drawn to trusty small savings instruments
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
'Many enter the civil services with the desire to do good work but get beaten by the system, step back or become part of it.' 'Ten fantastic officers out of 100 can completely change the game.'
It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.
Keep sufficient funds in your bank account until the cheque is cleared.
Ahead of the state assembly elections due this year-end, Baghel made as many as 15 announcements in his address during the state-level Independence Day function at the Police Parade ground in Raipur.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
Sources in the government said the ordinance is being brought as it was found to be necessary to prevent future litigations against the government for junking Rs 500 and Rs 1,000 notes.
Kumar said the Commission will follow the time-tested methods of consultations and consensus building in bringing about any reforms and will not shy away from tough decisions, according to an Election Commission (EC) statement.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
The government is understood to be mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond December 30 when the deadline to deposit them in banks expires.
The people of India have 50 days, from November 10 to December 30, to deposit notes of Rs 500 and Rs 1,000 in any Bank or Post Office.
Depending on your liquidity requirement, invest in the right debt instruments.
From the rented home where he paid Rs 500 a month in the 1990s to the flat he will buy from the one crore won on KBC, Ajeet Kumar's personal journey is a story worth cheering for.
Centre says the very object of demonetisation and elimination of black money will be defeated if a fresh window is given.
Non-Resident Indians and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get a declaration form stamped.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances