What happens to a fixed deposit on the day it matures if you do nothing? Many depositors assume the bank keeps paying the same rate. Often it does not. Under RBI’s rules, a matured FD left unpaid earns interest at the savings account rate or the original FD rate, whichever is lower, unless you have…
Miss an EMI and two things can happen: the lender charges you for the default, and the missed amount keeps earning interest. Until 2024 many lenders did the first part by adding “penal interest” of 2% a year or more on top of your loan rate. RBI ended that. Since 1 January 2024, lenders can…
Take Meera, a hypothetical 38-year-old teacher in Pune. Say she got an SMS from her bank last week saying her home loan rate was going up by 0.25 percentage points after RBI’s October rate hike. It said her tenure would be extended. She had not been asked. Under RBI’s rules for floating rate loans, she…
Depositors of Suri Friends’ Union Co-operative Bank Ltd in Birbhum district, West Bengal, will live with RBI’s restrictions for at least three more months. RBI said on Thursday, 22 October 2026, that it has extended its Section 35A directions on the bank until the close of business on 22 January 2027, subject to review. The…
Banks asked RBI for more than three times the cash on offer on Thursday morning. RBI’s overnight variable rate repo (VRR auction) of ₹50,000 crore on 22 October 2026 drew bids of ₹1,62,354 crore, up from ₹93,241 crore a day earlier. RBI has now announced a three-day VRR auction of ₹50,000 crore for Friday, 23…
Sell shares in the morning, buy others with the money the same afternoon, and your broker no longer has to put up fresh margin for the purchase. That is the effect of a circular SEBI issued on Thursday, 22 October 2026, on trades backed by early pay-in of securities. It takes effect four months from…
₹3,146 in October 2018. ₹14,425 on Friday. That is the journey of one unit of Sovereign Gold Bond SGB 2018-19 Series II, which reaches its final redemption on 23 October 2026. RBI announced the redemption price on Thursday, 22 October. For investors who paid the full issue price, the bond has returned about 4.59 times…
Retail investors filled their quota within about two hours on Thursday. By the end of day two, 22 October 2026, the Jio Platforms IPO had drawn bids for 5.51 times the shares on offer, up from 3.16 times on day one, according to IPO data trackers compiling BSE and NSE bid data as of 6:57…
Three sessions, three losses. The Sensex today fell 460.30 points (0.62%) to 73,249.39 on Thursday, 22 October 2026, as Brent crude climbed above $110 a barrel after fresh attacks in Saudi Arabia, according to news reports. The Nifty 50 lost 123.70 points (0.54%) to 22,687.65. Unlike Wednesday, there was no IT rally to soften the…
Silver fell more than three times as fast as gold on Thursday. The India Bullion and Jewellers Association (IBJA) evening fix for 24-carat (999) gold on 22 October 2026 is ₹1,42,694 per 10 grams, down ₹1,411 (0.98%) from Wednesday evening. Silver 999 dropped ₹7,006 (3.39%) to ₹1,99,777 a kg, slipping below ₹2 lakh. This gold…