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RBI · Banking · Mutual Funds
financeUPI MDR Charges: Impact on Mutual Fund SIPs and Stock Investments
The new UPI MDR charges, effective from October 15, will not impact recurring mutual fund SIPs set up through UPI AutoPay. However, capital-market transactions will incur a nominal MDR of 0.02%, capped at Rs 300. Consumers will not bear these charges as they are absorbed by merchants.
financeChina Injects $10.4 Billion to Bolster State-Owned Insurers
China is injecting up to 70 billion yuan ($10.4 billion) into five state-owned insurers to bolster financial stability. This move aims to address pressures from falling bond yields and stricter solvency requirements, while enhancing insurers' capacity to support the stock market.
financeRBI Tightens Liquidity Amid Rising Oil Prices and Inflation Concerns
The Reserve Bank of India is conducting reverse repo operations to manage liquidity as oil prices rise and inflation concerns grow. The RBI's actions aim to stabilize overnight rates and signal potential interest rate hikes.
financeSEBI's New Sectoral Debt Fund Category: Yields, Tax, and Risks
SEBI has introduced a new sectoral debt fund category, allowing focused investments in specific sectors like financial services and real estate. This move provides fund managers with flexibility to capitalize on attractive yields while maintaining credit quality. The category offers tax advantages and active management, making it a competitive option for certain investors.
financeEPF vs SIP: Optimal Investment for Your Next Rs 10,000
Choosing between EPF and SIP for your next Rs 10,000 investment can significantly impact your long-term wealth. EPF offers stability and tax benefits, while SIPs provide higher growth potential. A balanced approach may optimize returns.
financeInvesting Rs 5 Lakh: SIP, Lumpsum or Fixed Deposit?
Deciding where to invest Rs 5 lakh depends on your financial goals. Options include SIPs for long-term growth, lumpsum for those who can time the market, or FDs for safety and assured returns.
financeMaximize Returns with a Rs 10,000 SIP and 10% Annual Step-Up
A Step-Up SIP is a strategic investment approach that allows investors to gradually increase their contributions. Starting with a Rs 10,000 monthly SIP and a 10% annual step-up, investors could potentially accumulate Rs 1.5 crore over 20 years.
financeAchieving a Rs 4 Crore Retirement Corpus with EPF: Key Factors
The Employees' Provident Fund (EPF) can help individuals achieve a Rs 4 crore retirement corpus with strategic planning. Key factors include salary, contribution rate, and interest rate. Understanding these elements is crucial for a secure financial future.
financeIndian Banks Leverage RBI Swap to Raise $12 Billion Overseas
Indian banks have raised $12 billion in overseas debt, driven by the RBI's special swap window. Major lenders like ICICI Bank and HDFC Bank led the charge, with investor demand remaining strong despite increased supply.
financeAxis Bank Revises Credit Card Penalties Effective Aug 28
Axis Bank is updating its credit card penalty charges and rewards program, effective August 28, 2023. The changes aim to align with industry standards and enhance customer experience.
financePuneet Pal's Fixed-Income Strategy for ₹1 Crore Investment
Puneet Pal of PGIM India Mutual Fund advises a flexible investment strategy for ₹1 crore in fixed income, focusing on short-term funds to capitalize on potential yield increases. He emphasizes the importance of aligning investments with risk appetite and highlights the benefits of bond funds over individual bonds.
financeBank Holiday on Independence Day: Check Operational Status
Banks across India will remain closed today in observance of Independence Day and Parsi New Year. While physical branches are shut, digital banking services remain operational. Customers are advised to plan accordingly.
financeBank Holiday on August 8: SBI, HDFC, ICICI Branches Closed
Major banks like SBI, HDFC, and ICICI will remain closed on August 8 due to a scheduled bank holiday. Customers are advised to use online banking services as branches will not be operational.
financeBank Holiday: SBI, HDFC, ICICI Closed on July 25
Banks across India, including SBI, HDFC, and ICICI, are closed on July 25 due to the fourth Saturday holiday under RBI rules. Digital banking remains available. Customers should check state-specific bank holiday schedules for August.
finance101 Equity Mutual Funds Double Returns in 5 Years; Investment Insights
101 out of 310 equity mutual funds in India have doubled investors' money over five years, driven by sectoral rallies. However, recent returns have been weaker, prompting experts to advise diversification.
financeITR Filing AY 2026-27: Mandatory for Low-Income Individuals
Filing Income Tax Returns (ITR) is mandatory for certain individuals in AY 2026-27, even if their income is below the taxable limit. This requirement applies to those with specific financial transactions or who wish to claim refunds.
financeStandard Chartered, BlackRock Launch APAC Multi-Asset Fund
Standard Chartered and BlackRock have launched a new multi-asset fund, Signature Select APAC Allocation Plus, targeting Asia-Pacific markets. The fund aims for long-term growth and income, initially available in select regions.
financeRBI Rules on KYC: Can Banks Freeze Accounts?
The Reserve Bank of India mandates KYC compliance for all bank account holders. Failure to update KYC can lead to account freezing by banks. Customers should regularly update their KYC details to avoid disruptions.
financePrudential HCL Health Insurance Secures IRDAI Approval
Prudential HCL Health Insurance has received approval from IRDAI, expanding Prudential Group Holdings' presence in India. The venture is majority owned by Prudential with a 70% stake, and Amit Dave will lead as CEO.
financeBank Holiday Today: Muharram 2026 Closures on June 26
Banks in certain Indian states will be closed today, June 26, 2026, for Muharram. Customers should plan accordingly, utilizing online services where possible.
financeRBI Draft Rules to Allow Short Positions in Government Securities
The RBI has proposed draft rules to allow short positions in government securities, aiming to enhance market liquidity and price discovery. Public feedback is open until July 17.
financeManaging Couple Finances: Joint, Separate, or Both Accounts?
Managing finances as a couple involves choosing between joint, separate, or both types of accounts. Each approach has its benefits and challenges, and the best choice depends on the couple's unique circumstances and goals.
financeBanking Liquidity Hits Fiscal-Year Low Amid Tax Outflows
India's banking liquidity has dropped to a fiscal-year low due to advanced tax outflows. The RBI is managing the deficit through Variable Rate Repo operations. Liquidity is expected to improve in the second quarter with foreign inflows.
financeTDS on Rent Over Rs 50,000: Avoid Tax Notices with Compliance
Tenants paying over Rs 50,000 in rent must deduct and deposit TDS to avoid tax notices. Non-compliance can lead to penalties, making awareness crucial.