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EPF is a compulsory retirement saving option with a minimum lock-in period of five years.

Provident fund, a retirement savings plan, reaps benefits at maturity. In a provident fund account, the customer invests a part of his/her salary in the account for a certain period of time and avail the amount on maturity. There are three major provident fund

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In a SBI's flexi deposit account, premature withdrawal is also allowed.

State Bank of India (SBI) offers the option of opening a flexi deposit account under it's personal banking portfolio. SBI's flexi deposit scheme is similar to recurring deposit (RD). However, in case of a flexi deposit, instead of a single fixed instalment every month, user can

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The rupee had rebounded by 12 paise to end at 73 per US dollar on Tuesday

The rupee appreciated by 50 paise against the dollar to close at 72.50 on Friday. Selling of dollars by exporters supported the rupee, say analysts. The dollar, which had weakened following the US midterm election results, staged a

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The offer is subject to availability of cabins, noted Maharajas Express.

The Indian Railway Catering and Tourism Corporation (IRCTC) operated Maharajas Express is offering 50 per cent discount on second ticket booking, informed world's leading luxury train in a tweet posted on its handle. Under this offer, on ticket booking of first adult on twin

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Sovereign, however, remained unaltered at Rs 24,700 per piece of 8 grams in limited deals

Gold prices continued decline for the fourth straight day, falling by Rs 180 to Rs 32,070 per 10 grams at the bullion market on Saturday on easing demand from local jewellers amid a weakening trend overseas, reported news agency Press Trust of India (PTI).

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Small finance banks offer high interest rates on recurring deposits and fixed deposits as well.

Small finance banks may be niche banks, catering to a small section of customers, but the interest rates that they offer on savings bank accounts are much higher than larger peers. Consider this: large banks like State Bank of India (SBI), HDFC Bank and

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The Reserve Bank of India (RBI) has a massive Rs 9.59 lakh crore in reserves.

New Delhi: 

The RBI's board meeting on November 19 is expected to be a stormy affair in the backdrop of the ongoing tussle between the government and the central bank, sources said, adding that some members are likely to raise issues concerning capital framework,

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Web check-in and kiosk check-in are not available for bookings under GoAir's senior citizen special fare.

GoAir has come up with a new discount scheme for senior citizens, said the airline on microblogging website - Twitter. Under the scheme, GoAir is offering an eight per cent discount on booking of domestic and international flights tickets,

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Earlier this year, IRCTC revised its website adding a new User Interface (UI).

Indian Railways passengers would be unable to book and cancel train tickets through IRCTC's website, irctc.co.in, on November 10, 2018 said IRCTC, which handles the catering, tourism and online ticketing operations of the Indian railways. "Booking and cancellation for

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The domestic institutional investors sold Rs 813.42-crore stocks in the past week.

Macro-economic indicators such as inflation, factory output as well as global crude oil prices will dictate the stock market trend next week, analysts said. A string of assembly elections, starting November 12, will also drive investor sentiments after range-bound

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The amount of penalty varies across banks on the basis of branch location.

Leading banks of the country such as State Bank of India (SBI), ICICI Bank, HDFC Bank, PNB Bank, among others, charge customers for non-maintenance of average monthly balance (AMB) in their savings accounts. Average Monthly Balance (AMB) is the minimum average of deposits

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Bank deposits fell Rs 15,050 crore to Rs 117.71 lakh crore in the two weeks to October 26.

Bank loans rose 14.6 per cent in the two weeks to October 26 from a year earlier, while deposits rose 9 per cent, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans rose Rs 40,740 crore ($5.62 billion) to Rs 90.34

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IndiGo now has 150 of Airbus SE's A321neo jets on order, the source said.

IndiGo, country's largest domestic airline, has switched 125 of its existing Airbus A320neo jet orders to the longer range A321neo model, according to an Airbus source.

IndiGo now has 150 of Airbus SE's A321neo jets on order, the source said. The orders showed in the official

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The IL-FS purchased 26 per cent equity shares at Rs 291.20 crore.

The Tripura government will soon start dialogue for purchase of 26 per cent equity shares of the Palatana gas thermal power project from the Infrastructure Leasing and Financial Services (IL-FS). The 726.6 mw gas based power project, run by ONGC Tripura Power Company (OTPC),

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Since June rates have gone up every month because of the GST paid on higher base price.

NEW DELHI: Domestic cooking gas LPG prices have been hiked by over Rs 2 per cylinder after the government increased the commission paid to LPG dealers. A 14.2-kg subsidised LPG cylinder in Delhi will now cost Rs 507.42 as against Rs 505.34 previously, according

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In Kolkata, the petrol and diesel rates were Rs 79.65 per litre and Rs 74.32 per litre respectively.

Fuel prices were reduced marginally on Sunday across the four metro cities by the state run oil marketing companies (OMCs). In Delhi, petrol was sold at Rs 77.73 per litre while diesel price stood at Rs 72.46 per litre with effect from 6:00 am,

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Interest rates on corporate fixed deposits depend on the profits posted by the companies.

Fixed deposits (FDs) are not only offered by banks but also by companies. In fact, the interest rates offered on company fixed deposits are higher than those on bank fixed deposits. However, the risks involved in corporate fixed deposits are much higher than

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Oil peaked in October on concerns that U.S. sanctions on Iran that came into force this week

London: 

Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes. Benchmark Brent crude fell below $70 a barrel for the first time since early

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Banks offer a slightly higher interest rate on FDs to senior citizens.

Public sector lender Punjab National Bank (PNB) has revised its fixed deposit (FD) rates with effect from November 1, 2018. Fixed deposits (FDs), also known as term deposits, are secure financial instruments, which offer guaranteed returns. PNB has introduced a special fixed

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The travel period to avail Wow Air's discount offer on flight tickets is valid till March 2019.

Wow Air, the Iceland-based airline, which is launching its India operations in December, has announced 30 per cent discount on all destinations, the carrier said on it's official Twitter account- @wow_air. Wow Air's discount offer is applicable till

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The government and the RBI have been clashing on several issues including the reserves question.

MUMBAI: There is no proposal from the government to ask the central bank to transfer its surplus reserves, said Subhash Chandra Garg, economic affairs secretary in the finance ministry, in a tweet on Friday.

He said the government's fiscal math "is

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GoAir has announced a 13-day special sale across all sectors, offering up to 13 lakh seats.

Airlines have announced a host of discount offers on domestic and international flight tickets. Wow Air, which is launching its operations in India in December, has announced 30 per cent discount on all destinations. GoAir is offering a 13-day special sale

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Sovereign also weakened by Rs 100 to Rs 24,700 per piece of eight grams on Friday.

Gold prices on Friday fell by another Rs 150 to Rs 32,250 per 10 grams at the bullion market due to muted demand, the third straight session loss for the precious metal, reported Press Trust of India (PTI). Silver too followed suit and fell by Rs 600 to Rs 38,400 per

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In July 2018, Fortis' board had accepted an offer from IHH Healthcare Berhad to invest Rs 4,000 crore.

Mumbai: 

Fortis Healthcare Ltd on Thursday said its Chief Executive Officer (CEO) Bhavdeep Singh has resigned from the position. The board of directors at Fortis has considered and accepted his resignation, the country's second-largest hospital

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The senior citizen savings scheme offers an interest rate of 8.7 per cent per annum.

India Post offers a number of saving schemes ranging from Senior Citizen Savings Scheme (SCSS) to Post Office Recurring Deposit (RD) Account, as mentioned on its official website- indiapost.gov.in. India Post has a network of more than 1.55 lakh post offices across

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Total reserves had declined by $1.444 billion to $392.078 billion for the previous reporting week

Mumbai: 

After multiple weeks of decline, the country's foreign exchange reserves swelled by $1.054 billion to $393.132 billion in the week to November 2, driven by a jump in foreign currency assets and gold holdings, data from the Reserve Bank of India

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US President Donald Trump has been backing reforms in H-1B visas, popular among Indian IT professionals.

The US administration wants to use H-1B visa to woo workers for highly-skilled, rather than merely for "outsourcing roles", the White House said, even as a coalition of American employers alleged that there has been a "dramatic increase" in the

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The bankruptcy code, Rajan asserted, cannot be the only way to clean up the banks.

Notes Ban and the Goods and Services Tax (GST) are the two major headwinds that held back country's economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country's

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Fuel prices: In Delhi, petrol was sold at Rs 77.89 per litre on Saturday.

The oil marketing companies (OMCs) slashed fuel rates by up to 18 paise per litre on Saturday across the four metro cities. In Delhi, petrol was sold at Rs 77.89 per litre on Saturday, according to Indian Oil Corporation (IOC). Petrol rates in Mumbai, Kolkata and Chennai were

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Masked Aadhaar can be used for e-KYC at places where sharing of Aadhaar number is not necessary.

Masked Aadhaar can be used for e-KYC at places where sharing of Aadhaar number is not necessary, the UIDAI or Unique Identification Authority of India said on microblogging website Twitter. "Masked Aadhaar" helps users to take up e-KYC (Know Your

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