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Application for SBI's PPF account can be submitted online.
A Public Provident Fund (PPF) account is considered among the most sought after investment products by financial advisors. Offered by various institutions including India Post and commercial lenders such as State Bank of India (SBI), PPF is a retirement planning-focused investment
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Read more: How To Open SBI Public Provident Fund (PPF) Account Online
Write comment (95 Comments)Fixed deposit interest rates are subject to change from time to time.
State-run Punjab National Bank (PNB) provides interest rates to the tune of 5.75-6.25 per cent to the general public on fixed deposits (FD) of less than Rs. 2 crore, according to its website, pnbindia.in. These interest rates on fixed deposits of less than Rs. 2 crore are app
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Read more: Latest FD Interest Rates Paid By PNB On Deposits Less Than Rs 2 Crore
Write comment (95 Comments)Mr Gill, who takes the helm now, will have to walk a fine line.
As Deutsche Bank AG veteran Ravneet Gill moves into the 27th floor of Yes Bank's headquarters in downtown Mumbai, he brings the curtain down on one of the more colorful chapters in finance.
His predecessor, founder and Chief Executive Officer Rana Kapoor, built Yes Bank into country's
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Read more: Ex-Deutsche Bank Veteran Takes on 'Bad Boy' of Banking
Write comment (90 Comments)Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday following misconduct allegations related to his hugging of business colleagues.
Ted Baker had announced an independent investigation into misconduct claims against Mr Kelvin in December in response to an online campaign claiming to represent over
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Read more: Ted Baker CEO Ray Kelvin Quits After Misconduct Allegations
Write comment (97 Comments)On Thursday, Jet Airways had informed the stock exchanges that it had grounded 19 aircraft.
Even as speculations are rife about Jet Airways' founder Naresh Goyal's plans to quit as chairman to save a rescue plan for the passenger airline, he said the situation should ease by March 18.
In a letter to the airline's employees, he said: "Ipersonally
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Read more: Naresh Goyal Sees Jet Airways Situation Easing By March 18
Write comment (97 Comments)Former Finance Secretary Hasmukh Adhia was appointed as non-executive chairman of Bank of Baroda.
Former Finance Secretary Hasmukh Adhia was appointed as non-executive chairman of Bank of Baroda on Friday, according to a Personnel Ministry order.
The Appointments Committee of the Cabinet has approved his appointment as part-time non-official
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Read more: Hasmukh Adhia Appointed Non-Executive Chairman Of Bank Of Baroda
Write comment (93 Comments)SBI charges a certain amount from their customers for NEFT and IMPS transactions.
SBI or State Bank of India, the country's largest lender, offers instant money transfer facilities IMPS and NEFT. Immediate Payment Service or IMPS is an instant payments service that enables round-the-clock money transfer through the use of mobile app, mobile banking
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Read more: State Bank Of India IMPS, NEFT Services: Charges, Timings, Other Details
Write comment (96 Comments)Tatkal ticket bookings are allowed in all classes except First AC, said Indian Railways.
Indian Railways offers the facility of booking Tatkal tickets both online and offline. A Tatkal ticket is meant for passengers who do not have a reserved accommodation and are looking to travel at a short notice. A Tatkal ticket booking is available on payment
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Read more: Railway Tatkal Ticket Charges: Timings, Charges For AC, Sleeper Classes
Write comment (90 Comments)Jet Airways Ltd said on Friday it grounded two more aircraft as the carrier failed to make payments to its lessors, taking the total number to 21.
On Thursday, two sources with direct knowledge of the matter told Reuters that the cash-strapped carrier's founder, Naresh Goyal, had agreed to step down as chairman of the airline's board.
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Read more: Jet Airways Grounds Two More Planes, Takes Total To 21
Write comment (95 Comments)Reliance Jio offers 2-3 GB data packs under its internet plans priced between Rs 198 and Rs 498.
Reliance Jio is offering various recharge packs under its internet plans for its prepaid subscribers. Reliance Jio, which offers telecom services under brand Jio, provides five recharge packs with high speed mobile data of 2-3 GBs per day, among other
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Read more: Reliance Jio 2, 3 GB Internet Packs: Recharges, Benefits, Details Here
Write comment (96 Comments)The final bidding date of the assets is March 20.
Taking a cue from the SBI, the Central Bank of India on Saturday put four big accounts of NPA (Non-performing assets) worth Rs 3,300 crore on sale through the SARFAESI Act, though some of the assets are currently under the NCLT resolution process.
The accounts are Bombay Rayon Fashions Ltd, Alok
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Read more: Central Bank Of India Puts Rs 3,300 Crore Of Bad Loans on Auction: Report
Write comment (93 Comments)Reliance Jio's Rs 1,699 plan offers 1.5 GB of high speed data per day for 365 days.
Reliance Jio, India's newest wireless telecom services provider led by Mukesh Ambani, is offering various prepaid recharge plans for its customers. Recharge plans offered by Reliance Jio for 1.5 GB of internet data per day starts from Rs 149 for 28 days, according
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Read more: Reliance Jio's 1.5GB/Day Packs: Recharge Offers, Prices, Other Benefits
Write comment (92 Comments)Section 80C benefits: A reduction of Rs 1.5 lakh in gross income (for income tax calculation) is allowed
Have you fully utilised the income tax benefit available under Section 80C of the Income Tax Act Considered one of the more popular income tax deduction among assessees by wealth planners, Section 80C provides for a reduction up to Rs 1.5 lakh
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Read more: Fully Utilised Section 80C Income Tax Benefit Key Things To Know
Write comment (97 Comments)State Bank of India or SBI currently offers over 50,000 ATMs (Automated Teller Machines) in India, according to the lender's official website - sbi.co.in. SBI's ATM cards allow users to transact free of cost at any State Bank Group
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Read more: SBI ATM Cards: From Withdrawal Limits To Features, All You Need To Know
Write comment (98 Comments)Reports of a potential stake sale drove Tata Motors shares up as much as 3.7%.
Tata Motors Ltd on Friday denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc.
Two media reports said the company was considering options including a minority stake sale in the JLR unit or finding a venture
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Read more: Tata Motors Denies Reports Of JLR Unit Stake Sale
Write comment (96 Comments)The government last month slashed the goods and services tax (GST) on the real estate sector
The government last month slashed the Goods and Services Tax (GST) on the real estate sector, but along with that it also did away with the input tax credit (ITC), which experts and analysts feel goes against the very purpose of tracking the
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Read more: Input Tax Credit Removal On Select Items Not A Good Idea: Experts
Write comment (96 Comments)EPF Vs PPF: The PPF account matures in a period of 15 years.
Employees' provident fund or EPF and public provident fund or PPF, are two types of provident fund (PF) that reaps benefits at the time of maturity. While, EPF is a compulsory retirement saving option that is deducted from the salary of salaried individuals, PPF is invested by citizens
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Read more: PPF Vs EPF: Interest Rates, Maturity Period, Key Details
Write comment (95 Comments)SBI reported frauds amounting Rs 7,951 crore in first nine months of FY19.
State Bank of India (SBI) said on Friday it had reported frauds amounting Rs 7,951 crore during the first nine months of fiscal 2019, mainly due to frauds declared in some large-value accounts.
Also Read: SBI Minimum Balance Rules, Penalty Charges For Non-Compliance: All You
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Read more: SBI Reports Frauds Of Rs 7,951 Crore In April-December Of FY19
Write comment (93 Comments)Besides, the rupee movement along with crude oil prices movement will be keenly tracked.
Easing India-Pakistan tensions, combined with the direction of foreign fund flows and the rupee's movement against the dollar, will steer the equity market's trajectory in the coming week.
According to market observers, lower-than-expected gross domestic
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Read more: India-Pakistan Ties, Foreign Fund Flows To Drive Equity Markets: Experts
Write comment (96 Comments)Gold prices had fallen by Rs 570 in the previous two days.
Gold prices fell by Rs 310 to Rs 33,770 per 10 grams at the bullion market on Saturday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Sentiment remained bearish on the back of a weak trend overseas as the dollar strengthened to a 10-week high
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Read more: Gold Prices Slip Below Rs 34,000 On Weak Global Cues: 5 Things To Know
Write comment (97 Comments)Healthy demand conditions accelerated the pace of country's manufacturing sector output in February to a 14-month high, a key economic data showed on Friday.
As per the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite indicator of manufacturing performance showed an index reading of 54.3 in February from 53.9 in
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Read more: Factory Output Rises To 14-Month High In February
Write comment (92 Comments)Small finance banks pay higher interest rates on fixed deposits compared to commercial banks
Last week, Utkarsh Small Finance Bank revised it fixed deposit interest rates. Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post
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Read more: Fixed Deposit Interest Rates: Here's What Small Finance Banks Offer
Write comment (94 Comments)Under GoAir's sale, the travel dates vary from destination to destination.
GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs 1,099 and Rs 4,999 respectively in a limited-period sale, according to airline's website - goair.in. Bookings under the sale - valid for travel between March 2, 2019 and
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Read more: GoAir Offers Flight Tickets From 1,099 Rupees
Write comment (95 Comments)On a weekly basis, the domestic currency registered a gain of 22 paise.
The rupee weakened by 20 paise to close at 70.92 against the dollar on Friday amid strengthening of the American currency and rising crude oil prices. Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on
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Read more: Rupee Closes Lower At 70.92 Against Dollar
Write comment (100 Comments)Post Office Monthly Income Account: The minimum amount required to set up the account is Rs. 1,500.
India Post, which has a network of over 1.5 lakh post offices across the country, provides a range of financial and retail services, other than its mailing operations. The Department of Posts offers several savings schemes with different interest
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Read more: Post Office Offers Monthly Income Scheme Account: 10 Things To Know
Write comment (91 Comments)SpiceJet offer: The bookings for the new flights will begin from March 4, SpiceJet said.
SpiceJet has announced the introduction of ten new flights at a starting all-inclusive price of Rs 2,293, reported news agency Press Trust of India (PTI). While, eight of the new flights will connect Gwalior to different cities across the country, two will fly
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Read more: SpiceJet Announces New Flights, Offers Tickets From Rs 2,293
Write comment (98 Comments)Even as the global economy will further weaken in 2019 and 2020, India's economy will grow at 7.3 per cent in both the calendar years as it is less exposed to the global slowdown, Moody's said.
"We expect India's economy to grow around 7.3 per cent in both the years," the US-based rating agency said in its quarterly Global Macro Outlook
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Read more: Indian Economy To Grow At 7.3% For Next 2 Years: Moody's
Write comment (92 Comments)GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 1,099
Amid high competition in the civil aviation sector, airlines have announced discounts on bookings and introduced new routes. GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs 1,099 and Rs. 4,999 respectively in
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Read more: GoAir, SpiceJet Announce New Routes, Discounts On Flight Tickets
Write comment (96 Comments)Mr Garg said that the growth needs to be looked at in view of the higher base.
The government said there was no downward revision of GDP growth for 2018-19 (at 7 per cent) if seen in the context of growth rates for the last two financial years.
Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA), said the Second Advance Estimates
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Read more: 7% Is No Downward GDP Growth For Current Fiscal: Subhash Chandra Garg
Write comment (100 Comments)The regulator raised the leverage limit for InvITs to 70 per cent from 49 per cent.
The Securities and Exchange Board of India (SEBI) said on Friday it would allow mutual funds and portfolio managers to trade in commodity derivatives, in a move to boost trade and deepen the market.
SEBI has been opening up the commodity derivatives market to
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Read more: Sebi To Allow MFs, Portfolio Managers To Trade In Commodity Derivatives
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