RBI's red flag on non-bank lenders raises volatility, Fitch says

May 16, 2024

The RBI recently clarified that NBFIs should comply with existing regulatory caps on disbursal of loans in cash to below Rs 20,000 (around USD...

Budget 2023: Deposit limit for Senior Citizen Savings Scheme doubled

Feb 01, 2023

The government has raised the maximum deposit limit for Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh.

RBI proposes cash deposits through UPI; widens digital currency for retail

Apr 05, 2024

The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be...

Government actively considering raising deposit insurance limit beyond Rs 5 lakh

Feb 17, 2025

Deposit insurance, as we know it today, was introduced in India in 1962. India was the second country in the world to introduce such...

Advantages of investing in Fixed Deposits

Jun 22, 2023

Mumbai (Maharashtra) [India], June 22: Fixed deposit investments safeguard your money during volatility, and suits people who want higher returns but are risk averse....

ATM cash withdrawal beyond permissible limit gets costlier by Re 1

Jan 01, 2022

New Delhi [India], January 1 : Bank customers are now required to pay one rupee more on each ATM transaction done beyond the permissible...