The Reserve Bank of India (RBI) has released the latest volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy – 2019′ on 15th Sep, 2019. Through this publication, the Reserve Bank has been providing time series data on various Economic and Financial indicators for the Indian economy. You can find lot […]
Banking
Full Budget 2019-20 Key highlights | Important Tax Proposals
The Indian Finance Minister has tabled today, the Union (Full) Budget 2019-20 in the Parliament. Below are some of the key highlights that are related to Personal Finances; Full Budget 2019-20 Highlights Latest Income Tax Slab Rates FY 2019-20 Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY […]
How To Delink Aadhar Card Number From Bank, Digital Wallet Or Other Services?
The milestone verdict of the Supreme Court that stated that the unique identification number present in the Aadhar card is no longer mandatorily needed for opening bank accounts or obtaining mobile phone connection has come as a relief for many Indian citizens. However, the previous ruling that made it mandatory may have led to linking […]
What is Repo Linked Lending Rate (RLLR)? Will it be beneficial to the Borrowers? | Definition, components & review
The primary functions of a commercial bank are accepting Deposits and also lending funds. Deposits are savings, current, or time deposits. Banks take in funds, called Deposits, from those with money, pool them, and Lend them to those who need funds. Banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money). The amount banks pay for deposits […]
Latest Post Office Small Saving Schemes Interest rates FY 2019-20 | April to June 2019
The National Savings Schemes (NSSs) are one of the very popular saving schemes in India. These are regulated by the Ministry of Finance. They offer complete security of investment combined with attractive returns. These schemes also act as instruments of financial inclusion especially in the geographically inaccessible areas due to their implementation primarily through the Post […]
How to exchange Old Currency Notes? | Soiled or Damaged Bank Notes – Latest Refund rules
The word ‘rupee’ has been derived from the Sanskrit word rupyakam, meaning a silver coin. It owes its origin to rupiya, issued by Sher Shah Suri in 1540-45. Today, the Reserve Bank of India issues currency under the RBI Act 1934. The first currency (bank) note of Rs 5 was issued by the RBI in […]