India’s Post Office Time Deposit scheme remains a popular low-risk saving option, with interest compounded quarterly to enhance returns, alongside flexible tenures and tax benefits for longer investments. Post Office Time Deposit, better known as the post office fixed deposit,…
Axis Bank has increased interest rates on foreign currency non-resident bank deposits exceeding $1 million to 6.40%, making it the top offering among large Indian private lenders following the RBI’s recent policy change. The move signals a competitive response as…
India’s NSE and BSE have launched new three-working-day securities lending and borrowing contracts aiming to boost liquidity, deepen market participation, and support the reformed closing auction mechanism amid evolving market dynamics. India’s stock exchanges have begun offering three-working-day securities lending…
Payment declines for Indian cards often stem from misaligned international gateway configurations and local authentication rules, highlighting the need for localisation in cross-border digital commerce. Indian card payments can fail for reasons that have little to do with the cardholder…
The Enforcement Directorate has issued a public alert for homebuyers to verify builder credentials and RERA registration amid a Rs 129.80 crore asset attachment linked to alleged misappropriation, signalling a crackdown on real estate scams. The Enforcement Directorate has told…
Punjab has announced a modest cut in the profit rate on its General Provident Fund for government employees, lowering it to 12.05% for the upcoming fiscal year amid wider fiscal tightening measures. Punjab has trimmed the profit rate on its…
Many taxpayers experience delays in receiving income tax refunds, particularly with larger claims, due to enhanced scrutiny by tax authorities and common filing discrepancies, with processing times extending to several months. Many taxpayers are still waiting for income tax refunds…
Central Depository Services (India) Ltd’s Investor Protection Fund partners with Amar Chitra Katha to create a story-led animation film, aiming to make complex investment concepts accessible across different languages and age groups. Central Depository Services (India) Ltd’s Investor Protection Fund…
Punjab’s revenue authorities have rolled out new guidelines requiring clear digital receipts and a tiered tax system for restaurants, aiming to boost transparency despite criticism over the rising tax on card transactions. Punjab’s revenue officials have rolled out fresh guidance…
India’s largest insurer, LIC, launches the Smart Pension Plan, a guaranteed income scheme requiring a one-time premium, promising lifelong payments and broad eligibility for retirees and their families. India’s largest insurer is promoting a retirement product that it says can…
India’s recent FCNR(B) deposit mobilisation exceeds $52 billion, yet the rupee shows only marginal appreciation, highlighting different global influences compared to 2013’s currency recovery. India’s latest FCNR(B) deposit drive has brought in more than $52 billion and, had the window…
Growth in India’s Unified Payments Interface slowed in the first four months of FY27, but transaction values and user base continue to expand, prompting renewed discussions on merchant discount rates and fee policies. Growth in India’s Unified Payments Interface eased…
