In this digital age, banking services still experience a delay in the clearance of cheques, which currently takes two days. No more waiting for days for cheque clearance. The Reserve Bank of India (RBI) has introduced a new check-clearing mechanism to speed up financial transactions in the country. During the release of the RBI’s monetary … Read more
Governor Shaktikanta Das made important announcements on Thursday during the release of RBI’s bi-monthly monetary policy decisions. The key proposals have been revealed regarding UPI payments. Das announced that the tax payment limit through UPI will be increased from the existing Rs. 1 lakh to Rs. 5 lakh. This means that individual income tax, property … Read more
It is widely recognized how significant the UPI (Unified Payments Interface) has become in digital payments. Whether you are enjoying a cup of tea or having a meal outside, you now have the convenience of making payments using UPI wherever you need to. Are you aware of the maximum amount of money that can be … Read more
It’s great news for the less fortunate in Andhra Pradesh. The government has announced several initiatives that aim to improve access to healthcare for the people. Here are the key points: The government will merge NTR’s medical services with central medical schemes and introduce a new insurance policy that will provide medical services up to … Read more
Bank fixed deposits are currently a popular choice for those seeking fixed and secure returns. Depending on your financial situation, you can choose from various investment tenures, each offering different interest rates. Many banks have introduced special FD schemes, including the largest public sector bank, SBI. Let’s take a look at the interest rates and … Read more
The Employees’ Provident Fund Organization (EPFO) has introduced new guidelines and regulations regarding dormant Employee Provident Fund (EPF) accounts to prevent unauthorized withdrawals and fraudulent transactions. EPFO has identified accounts with no transactions (debit or credit other than interest) for at least three years as ‘transaction-less’ or ‘inactive’ accounts. Such accounts are subject to strict … Read more
Are you using a RuPay credit card? If so, there’s good news for you. Similar to other credit cards, rewards will now be available on RuPay credit cards as well, with more reward points available on UPI transactions. Let’s find out the details. Digital payments have significantly increased in the country, with a high share … Read more
Are you interested in a steady income, like a monthly pension? If so, there is a way for you to receive a pension of up to Rs. 1 lakh per month for 25 years through an investment scheme. This can be achieved with a systematic withdrawal plan. If you are considering investing your hard-earned money … Read more
In the recent Telangana elections, the Congress party made several promises, including six guarantees. The Congress government, which came into power post-election, has been gradually fulfilling these promises. Many of the schemes outlined in the six guarantees have already been put into action, such as the successful implementation of the free bus scheme and the … Read more
It has been observed that the gold rates have significantly decreased after the reduction of gold and silver customs duty in the budget of the central government. The increase in gold prices due to the Fed signalling another cut in interest rates has now changed. Gold rates are rising due to five main reasons, creating … Read more