Citizens Financial News

Fixed deposit (FD) rates have increased in the last year. FDs are quite popular among senior citizens. Although FDs are known for their safety and insurance coverage up to ₹5 lakh per account, the post-tax returns may not be as competitive. Yes, if you are getting an interest rate of 7 per cent on a term deposit, it does not mean that you will be getting the same post-tax deductions.

By Steven Scheer

By Elizabeth Howcroft

The government raised the interest rate on the five-year recurring deposit scheme for the December quarter and retained the rates for all other small savings schemes. The government reviews the rate every quarter.

Summer Said and Vivian Salama contributed to this article. Write to Joe Parkinson at [email protected], Drew Hinshaw at [email protected] and Laurence Norman at [email protected]

Gaza is expected to reopen amid diplomatic efforts to get aid into the Hamas-controlled strip that has been under intense Israeli bombing since the group's rampage that killed 1,300 people on Oct. 7. Shocked by the assault on towns and villages, Israel is carrying out the most intense bombardment Gaza has ever seen, has imposed a strict blockade, and is preparing a ground invasion. Hundreds of metric tons of aid from several countries have been held up in Egypt's Sinai Peninsula for days pending a deal for its safe delivery to Gaza and the evacuation of some foreign passport holders through the Rafah crossing. «Rafah will be reopened.

CAA rules. Several rounds of discussions and presentations have been held at the top levels.

Canada Prime Minister Justin Trudeau on Sunday extended his wishes to the Hindu community on the first day of nine-day festival Navratri amid tensions with India. In a post on X (formerly Twitter), the Canadian PM wrote, «Happy Navratri! I'm sending my warmest wishes to members of the Hindu community and all those who are celebrating this festival.» An official press statement released by the Canadian PM said that over the next nine nights and 10 days, members of the Hindu community in Canada and around the world will gather to celebrate Navratri, reported ANI. «Navratri is one of the most important and sacred festivals in the Hindu faith, commemorating the victory of the goddess Durga over the buffalo-headed demon Mahishasura and the triumph of good over evil.

Thane: The people of Maharashtra are wise and will give a thumping majority to Prime Minister Narendra Modi in the 2024 Lok Sabha polls, Chief Minister Eknath Shinde said on Sunday. Speaking to reporters after pulling the chariot of goddess Durga on the first day on Navratri, he said the opposition criticises Modi just to remain in the limelight and be noticed.

It is worth noting that Saudi Arabia, Iran and Qatar not only extended their support to Palestine, but also criticised Israel over its treatment of Palestinians. Egypt is also extending its support to Palestine and is also providing humanitarian assistance to Gaza. The nation also condemned any displacement of Palestinians from North Gaza.

siasat.com. 1) BRS announced ‘KCR Bheema- Prati Intiki Dheema‘ insurance scheme for 93 lakh families below the poverty line (BPL) will be covered under ‘KCR Bheema’, under which ₹5 lakhs will be provided. ALSO READ: Telangana Assembly polls: CM K Chandrasekhar Rao to release BRS manifesto today; here's what to expect 2) Fine rice (Sanna biyyam) will be provided to all ration card holders, under BRS’ new ‘Telangana Annapurna Scheme’ from April- May 2024.

United States have perished in Hamas attacks in Israel, a U.S. State Department spokesperson confirmed on Saturday.

Axios. This comes as the diplomatic sources said that on Saturday in Beirut, the capital city of Lebanon, Iranian Foreign Minister Hossein Amir-Abdollahian met with UN ambassador to the Middle East Tor Wennesland.

Ambedkar, the principal architect of India's Constitution, outside India was formally inaugurated in a Maryland suburb of the US capital here. Amidst chants of «Jai Bhim», more than 500 Indian-Americans from various parts of the United States and some from India and other countries attended the unveiling ceremony of the 19-feet tall «Statue of Equality». Heavy rain and drizzle did not deter the enthusiasm and energy of the participants, many of whom drove for as long as 10 hours to attend what they described as a historic event.

Israel amidst the Israel-Hamas conflict left for home on Saturday, the second in a day and fourth since the launch of 'Operation Ajay'. The special flights are part of the operation launched on October 12 to facilitate the return of those Indian nationals who wish to return home following the brazen attacks on Israeli towns by Hamas militants from Gaza on October 7. The Indian Embassy in Tel Aviv earlier earlier announced that two special flights will operate from Ben Gurion airport on Saturday.

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ALSO READ: Govt’s mental health helpline helped over 350,000 people He said strengthening medical, nursing, and pharmacy education in the country is an endeavour of the BJP-led Centre for the holistic development and expansion of the country's health sector. "The aim is to ensure that each citizen of India can get access to affordable and accessible healthcare across the country," the minister said.

Taking advantage of the high interest rate regime, Unity Small Finance Bank Limited (Unity Bank) — a new age, digital first bank — has hiked its interest rates offered on fixed deposits kept for 701 days.

Senior Citizen fixed deposit interest rate hike in October 2023: Several banks have revised their fixed deposit interest rates for general and senior citizens this month. The following is a compilation of FD rates revised by various banks in October.

Antony Blinken called on Saturday for protection for civilians in both the Gaza Strip and Israel as the Israeli military ordered half of the Palestinian territory's population to evacuate in advance of an expected ground assault. Blinken met his Saudi Arabian counterpart, Prince Faisal bin Farhan, in Riyadh as he began a third day of intense Middle East diplomacy aimed at preventing the Israel-Hamas war from expanding into a regional conflict and fuelling a humanitarian crisis.