It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
If you don't make the necessary adjustments after October 1, 2024, you'll stop earning interest on accounts that aren't in compliance rediffGURU Milind Vadjikar
Each postman has undergone a three-tier training process, after which they were evaluated by the National Institute of Banking and Finance and given certificates.
'No words can heal the wounds of a mother who lost her child, or a friend who lost their companion. But we must speak, we must feel, and we must remember.'
An earthquake of magnitude 4.8 struck 7 km north-northeast of Whitehouse Station, New Jersey, on Friday, the United States Geological Survey (USGS) reported.
Savings have to be channelled carefully so that the maximum can be gained from the deposits. Here are the top five savings instruments in a rising interest rate regime.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
The grilling of Brigadier-General Dyer by Akshay Kumar's Sir C Sankaran Nair, as shown in Kesari 2, is purely an imaginary sequence, proves Utkarsh Mishra.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
People can send their Rs 2,000 banknotes to specified regional offices of the Reserve Bank through the insured post for credit in their bank accounts. This is a hassle-free option for the people who are away from the regional offices of the Reserve Bank. Besides, the RBI is offering TLR (Triple Lock Receptacle) form to people for a deposit of Rs 2,000 banknotes in their bank account.
The Bombay high court on Monday said content posted by two individuals and their organisations against vaccine manufacturing major Serum Institute of India (SII) was "prima facie defamatory" and directed them to delete it.
Invest in these funds through the SIP route with at least a seven-year horizon.
Cheaper ripoffs was how China powered its way as an economic superpower but hitherto the tech realm had remained out of bounds. With DeepSeek's AI model the West, it seemed, was about to lose its competitive edge in cutting edge generative AI technology. And this is what is causing deep furrows in the forehead of tech titans in Silicon Valley.
The Delhi government on Sunday accused Lieutenant Governor V K Saxena of indulging in 'dirty politics' while asserting that the complaints filed by some officers alleging harassment by the Aam Aadmi Party dispensation are 'absolutely fake'.
The popular Five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present.
An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has "largely" received suggestions for "simplifying" the language, better "structuring" the provisions and enlarging the ambit of schemes like presumptive taxation, CBDT chairman Ravi Agrawal said Sunday. Speaking to PTI during a post-Budget interview at his North Block office, Agrawal said the panel also "studied" the deliberations and processes of countries like the UK, Australia and some others where a similar tax law simplification exercise was undertaken.
The $22.8 billion CK Hutchison ports deal intensifies geopolitical tensions between the US and China. Chinese media has already called it 'a betrayal of all Chinese people'. Shyam G Menon explains how the proposed sale will reshapes global trade infrastructure.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
With an eye on the assembly elections scheduled in Delhi early next year, Aam Aadmi Party supremo Arvind Kejriwal on Friday launched a 'Revdi Par Charcha' campaign that will run from November 25 to December 10, an official statement said.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Changing with the times and in compliance with social distancing norms, customers are now picking up their parcels, speed posts and registered letters within the city themselves after they are informed on phone.
'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
A resident of Jainabad in the Chinhat area in Lucknow, Mohit Kumar was arrested in connection with a case on Saturday.
The Congress party suffered a crushing defeat in the Delhi elections, failing to secure a single seat in the 70-member assembly for the third consecutive time. Key candidates, including Sheila Dikshit's son, Sandeep Dikshit, lost their deposits. The only consolation for the party was a slight improvement in its vote share, which they attribute to a vigorous campaign and a renewed focus on contesting elections independently. However, the defeat raises questions about the party's ability to compete in the upcoming 2024 Lok Sabha elections, particularly in light of its performance in other recent state elections.
'There is a view that there is a Pakistan angle to this.' 'Pakistan has a large presence in Qatar and would want India to be blacklisted.'
India Post may be keen to apply for payment bank licence.
Embattled Delhi Chief Minister Arvind Kejriwal walked out of the Tihar Jail on Friday evening, hours after the Supreme Court granted him interim bail in a money laundering case to enable him to campaign in the Lok Sabha elections, in a huge relief to his party struggling to gain momentum in the absence of its foremost leader.
'The present generation, either due to historical amnesia or political propaganda, has been fed a narrative that paints India as an adversary rather than an ally.'
'Look at the post mortem reports. Every body (of the 10 Kuki-Zo youth who were killed) has almost 12 bullet marks on it.' 'Why do they have to fire so much even if they wanted to kill them?' 'One or two shots would be enough to kill them. Why then they had to fire so many bullets on them?'
The Bangladesh Assistant High Commission in Tripura's capital Agartala on Tuesday announced the suspension of all visa and consular services with immediate effect until further notice because of 'security reasons', a day after the mission's premises was breached by a group of people protesting against the arrest of Hindu monk Chinmoy Krishna Das in Dhaka.
An official said Akshay Shinde, who worked as a cleaner at the school, was being taken to Badlapur from Taloja jail for investigation.
On Tuesday, Kejriwal and Punjab Chief Minister Bhagwant Mann met West Bengal CM Mamata Banerjee in Kolkata as part of their nationwide tour to garner support for the AAP's fight against the Centre's ordinance.
Lots of romance and action on OTT this week. Sukanya Verma lists her recommendations.
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
Union Finance Minister Nirmala Sitharaman's call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the Reserve Bank of India (RBI) on liquidity and rate action. Hinting that any lending rate cut was some time away, State Bank of India (SBI) managing director Vinay M Tonse said there was still some aggression in the market regarding deposit pricing.
Outgoing SBI chairman Dinesh Kumar Khara on Saturday said the country's largest lender's net profits in the past four years under him have been higher than the cumulative figures for 64 years before that. However, Khara rued that the bank having a huge network of over 22,000 branches, and ammunition in terms of reserves and product suite, is not getting the "right value".
A fact-finding team of MPs and MLAs from the Left parties and the Congress, which arrived in Agartala on Friday to look into post-poll violence in Tripura, was attacked in Sepahijala district, police said.
The party was floated exactly two years after Kishor had embarked on a more than 3,000-km-long 'padayatra' of the state.
