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The Latest Breaking News from Adhil Shetty

Will rising inflation bring good news of higher interest rate for FD investors in coming RBI MPC meeting on June 5

The RBI is widely expected to keep the repo rate unchanged at 5.25% in the June 5 MPC meeting despite concerns over rising fuel prices, a weaker rupee and geopolitical tensions. Experts believe FD rates are unlikely to rise soon as liquidity conditions, credit growth and deposit growth have stabilised.…

The Economic Times · Jun 4

EPFO: When can EPF interest be credited to your account? Check here

EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due to government approval and account reconciliation, experts assure members that interest accrues monthly and won't be lost. EPFO calculates interest on the running balance, ensuring full credit even with…

The Economic Times · Jun 2

Explained | RBI’s proposal for interoperability of credit and debit cards

The Reserve Bank of India has proposed that card issuers be mandated to provide customers with the choice of multiple card networks, instead of only specific networks with which the bank has exclusive agreements

The Hindu · Jul 27, 2023

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Fixed Deposit rates at 7.5%: Who is offering the best FD rate right now?

After a 225 basis points repo rate hike by the Reserve Bank of India (RBI) in the last seven months, banks have started passing on the benefits of the rate hike to fixed deposit holders.

The Times of India · Dec 16, 2022

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