Citizens Financial News

Following the change, the bank currently offers interest rates ranging from 3.50% to 7.50% on deposits maturing in 7 days to 10 years. The maximum interest rate on deposits maturing in 1 year 1 day – 2 years is now 7.50% for non-senior residents and 8% for senior citizens. Also read: FD interest rate up to 8.25%: These 6 banks have revised fixed deposit interest rates in October 2023

Fixed Deposits (FDs) remain a popular and preferred choice of investment, providing a sense of financial security and stability to investors. However, not all FDs are created equal. To truly maximise your savings and earn optimal returns, using an FD interest calculator is key.

Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks. But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them. For instance, saving for your child's higher education that's 15 years away through FDs may not be effective as the post-tax interest rate of an FD may not give you a real return (return that's above the rate of inflation). But if you plan to take a holiday in two years, an FD can help. Before choosing an FD, you should compare the interest rates on offer. Here is a list of banks that offer the highest FD rates for deposits up to ₹1 crore over various tenures.

After revision, the bank offers interest rate between 3.5 percent and 7.85 percent to regular citizens and 4.25 percent to 8.25 percent to senior citizens. Also read FD interest rate up to 8.25%:These 6 banks have revised fixed deposit interest rates in October 2023

socio-economic data of the population will be tabled in the Bihar assembly in the forthcoming winter session, chief minister Nitish Kumar has said. «We will work in the interest of all citizens living in Bihar and formulate policies after consulting all parties,» Kumar said during an all-party meeting in Patna on Tuesday, a day after the state government released the caste survey data on population of each caste and community. BJP and some of its allies questioned the data.

Assam government on Tuesday announced its plans to carry out socio-economic assessment of Assam's Indigenous Muslim communities. The chief minister office Assam in X stated, “In a meeting held at Janata Bhawan, HCM Dr @himantabiswadirected the officials concerned to carry out a socio-economic assessment of Assam's Indigenous Muslim communities (Goria, Moria, Deshi, Syed & Jolha). These findings will guide the Government to take suitable measures aimed at the comprehensive socio-political and educational upliftment of the State’s indigenous minorities.” Government has given its in-principle nod to the initiation of the process for a «Socio-Economic Assessment» of the State's five indigenous Muslim communities: Goria, Moria, Deshi, Syed and Jolha. Chief minister Himanta Biswa Sarma instructed the concerned authorities to take necessary measures so as to ensure the upcoming «Socio-Economic Assessment», on its completion, is able to furnish adequate data that can be utilised by Government of Assam to take steps for comprehensive socio-political, academic and economic uplift for the five indigenous Muslim communities.

NEW DELHI (Reuters) — India has asked Canada to reduce its diplomatic staff in the country by more than half, the Financial Times reported on Tuesday, with ties fraying after Canadian Prime Minister Justin Trudeau publicly levelled suspicions that Indian agents were involved in the killing of a Sikh separatist leader in Canada.

electoral bond is a bearer banking instrument to be used for funding eligible political parties. An eligible political party is the one registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly.

Khalistani terrorist Hardeep Singh Nijjar, a US State Department official said on Monday. Secretary of State Tony Blinken raised the issue during his meeting with External Affairs Minister S Jaishankar here last week. Addressing a daily news conference, State Department spokesperson Mathew Miller said, “As he made clear then, I’ll reiterate now, we remain in close coordination with our Canadian colleagues on this question." “We have engaged with the Indian government on a number of occasions to urge them to cooperate with Canada’s investigation.

Hardeep Singh Nijjar. «We remain in close coordination with our Canadian colleagues on this question,» US State Department spokesperson Matthew Miller said while responding to a question related to Nijjar's killing in Canada. Miller's remarks came during a daily press briefing on Monday (US local time). Canadian Prime Minister Justin Trudeau recently alleged that the Indian government was behind the fatal shooting of Nijjar. Nijjar, who was a designated terrorist in India, was gunned down outside a Gurdwara, in a parking area in Canada's Surrey, British Columbia on June 18. Trudeau, during a debate in the Canadian Parliament, claimed his country's national security officials had reasons to believe that «agents of the Indian government» carried out the killing of the Canadian citizen, who also served as the president of Surrey's Guru Nanak Sikh Gurdwara. However, India has outrightly rejected the claims, calling it 'absurd' and 'motivated'. Notably, Canada has yet to provide any public evidence to support the claim about the killing of Hardeep Singh Nijjar. Miller said the US has engaged with the Indian government on a number of occasions to urge them to cooperate with Canada's investigation. He said US State Secretary Antony Blinken had an opportunity to discuss the issue with Foreign Minister S Jaishankar during their meeting on Friday. Meanwhile, Trudeau has said that Ottawa wants to «work constructively with India» regarding the allegations. While addressing a joint press conference with Ukrainian President Volodymyr Zelenskyy, Trudeau said, «In regards to India, Canada has shared the credible allegations that I talked about on Monday. With India, we did that many weeks ago.

Godrej Group, the ₹1.76-lakh-crore conglomerate that began its industrial journey five decades before Independence selling locks to the citizens of a then crime-prone Bombay, is reportedly in advanced stages of crucial negotiations to conclude the formal division of its diverse businesses, top industry executives familiar with the matter told ET. The two factions of the Godrej family — Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna — are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials cited above. The family council is ironing out some important specifics involving two critical points — usage of the Godrej brand name after the split, including possible royalty payments, and land valuations currently held by G&B.

Ramalinga Reddy's statement on Monday that the government will not levy fines on car owners using carpooling apps in the state capital comes as a relief. Instead, he said, carpooling apps in the state must register with the transport department and operate under the regulations. There are several reasons why states should prioritise carpooling. One, it can make mobility affordable for many, especially when public transport options are inadequate in many cities.

cash consequently recedes from the public sphere. But triple-sponsored payment digitalisation is not always a silver bullet. So, despite UPI — which was nurtured by RBI, catalysed by demonetisation, and last-miled by global ecommerce platforms and Big Tech — advancing at a scorching pace to record 10.59 billion transactions, aggregating ₹15.7 trillion in August, cash-in-circulation (CIC) continues to grow.

India in a murder case of a globally wanted criminal. But his worryingly cavalier ways have thrown the spotlight on the faulty instincts within the ‘Five Eyes’ (FVEY) to target India at a time when it’s a partner in every other folder on the table.

New Delhi: Akash Tripathi, chief executive of the Centre’s citizen engagement platform MyGov, is set to become the new CEO of India Semiconductor Mission (ISM), starting 9 October, people familiar with the matter said on Monday. ISM functions as an independent, specialized division under the Digital India Corp. Established in 2021 with a financial commitment of $10 billion ( ₹76,000 crore) under the ministry of electronics and information technology, its primary mission is to cultivate a robust semiconductor and display ecosystem, besides positioning India as a leading global hub for electronics manufacturing and design.

rate tightening cycle where depositors are benefiting as banks scramble for funds while borrowers felt the pinch due to the linking of rates to repo rate. But banks could face the heat as margins are under pressure.

Click here! “This is unprecedented intelligence that has come forward and that is why we’re going to continue to urge that the Canadian government have a thorough investigation that those responsible are brought forward," the NDP leader added. Jagmeet Singh said he received the briefing on materials prepared by former governor-general David Johnston, who had been named as a special rapporteur to explore the issue.

The government on Friday raised the interest rate on five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter and retained the rates for all other small savings schemes.

Narendra Modi joined hands with fitness influencer Ankit Baiyanpuriya, hailing from Sonipat, Haryana. This joint initiative, part of the 'Swachhta Hi Seva' campaign, aimed to promote the twin goals of cleanliness and physical well-being on the eve of Mahatma Gandhi's birth anniversary. The event, documented in a video shared by the Prime Minister, showcased both Modi and Baiyanpuriya actively participating in a cleanliness drive, wielding brooms and collecting garbage.

Baiyanpuria has currently become the talk of the town. The social media sensation went viral when Prime Minister Narendra Modi shared a video of him interacting with the Instagram influencer on X (formerly Twitter). Baiyanpuria took part in the programme ‘Shramdan for Cleanliness’ which is a part of the campaign ‘Swachhata Hi Seva’ campaign. Sharing the video, the Prime Minister wrote, “Today, as the nation focuses on Swachhata, Ankit Baiyanpuriya and I did the same! Beyond just cleanliness, we blended fitness and well-being also into the mix. It is all about that Swachh and Swasth Bharat vibe!" In the clip, the PM can be seen asking Baiyanpurua how the campaign ‘Swachhata Abhiyaan’ will help the youth be more fit, to which the influencer replied, that the citizens should invest in keeping the environment healthy, which would in turn keep them hale and hearty. The video went viral, amassing more than 6.4 million views and 141K likes. Many netizens flooded the comment section to praise both the PM as well as the youngster for the initiative. ‘The Kashmir Files’ director Vivek Agnihotri wrote, “Thanks @narendramodi forswachchhata abhiyan and successfully leading Bharat to make world’s fastest indigenous vaccine and not just saving 130 cr lives but helping 101 nations. Yes. INDIA CAN DO IT.” Another fan wrote, “Kudos to you, sir, for leading the way in the cleanliness drive. Your commitment to Swachh Bharat Abhiyan sets a powerful example, proving that real change begins at the top. Your vision for a cleaner, healthier India is a testament to exceptional leadership.”

India on Monday paid tributes to the Father of the Nation, Mahatma Gandhi and said that the France upheld the values of non-violence, peace and tolerance stated by Mahatma Gandhi. Taking to X, French Ambassy in India said, «On #GandhiJayanti, Ambassador-designate Thierry Mathou and everyone at the Embassy pay tribute to the Mahatma and the values of peace, tolerance and non-violence that he staunchly upheld. Gandhiji is deeply admired in France, as reflected in statues in Strasbourg and Vaureal.» Earlier today, Prime Minister Narendra Modi paid tributes to Mahatma Gandhi at Delhi's Rajghat. Mahatma Gandhi's impact is global, said PM Modi in a post on X, today while also urging to work towards fulfilling Gandhi's dreams. «I bow to Mahatma Gandhi on the special occasion of Gandhi Jayanti.