₹1,45,942 per 10 grams: that is where IBJA’s 24-carat gold fix closed on Thursday, 15 October 2026, just ₹122 below Wednesday. Silver fell harder, by ₹5,547 to ₹2,08,275 a kg. Gold silver price today in short: gold barely moved, while silver had its third straight fall. Below are IBJA’s official AM and PM rates, city…
After five years of trying, the government has picked a buyer for IDBI Bank. On Wednesday, 14 October 2026, the Cabinet Committee on Economic Affairs (CCEA) approved 10955230 Canada Inc., whose parent is Fairfax Financial Holdings, as the strategic buyer for 60.72% of the bank. The price is ₹52,878.08 crore, or ₹81 a share. IDBI…
The rule is simple: a bank account opened with just an Aadhaar OTP, with no branch visit or video call, is a limited account. It can hold no more than ₹1 lakh, take no more than ₹2 lakh of credits in a year, and must be upgraded to full KYC within 12 months or the…
Step 1: keep your PAN card and phone ready. Step 2: sit in a well-lit room in India. Step 3: answer a bank official’s questions on a live video call. In short, that’s video KYC, which banks now use to open accounts and update KYC without a branch visit. Officially, it is called the Video-based…
Need ₹1 lakh for three months but your money is locked in a fixed deposit? Breaking the FD is not the only way out. A loan against FD lets you borrow against the deposit while it keeps earning interest. With SBI, the rate is just 1% above your deposit rate, there is no processing fee,…
Myth: your bank pays savings interest only on the lowest balance of the month. Fact: since 1 April 2010, savings interest in India is worked out on your balance at the end of every single day. Many people still keep money idle “until the 10th” or rush deposits at month-end because of a rule that…
In October 2019, Meera, a schoolteacher in Jaipur, bought 10 units of a Sovereign Gold Bond online for ₹37,380. If she cashes them in this week, she will receive ₹1,47,250, plus the interest she has collected along the way. The Reserve Bank of India said on 14 October 2026 that the SGB 2019-20 Series V…
Picture a 26-year-old delivery partner in Pune who pays for everything by UPI but has never opened a pension account because it sounded like forms, branch visits and an agent. From today, he can open one on his phone in three steps. Tatkal NPS, a quick way to open a National Pension System account, went…
Three things salaried employees should know this week: your employer now has until 31 October to deposit September’s PF; the delay is linked to the new ₹25,000 wage ceiling; and your EPF passbook may show the September credit later than usual. In a circular dated 13 October 2026, the Employees’ Provident Fund Organisation (EPFO) extended…
“Will my UPI payment at the grocery shop cost extra from 15 October?” That was the most common question in our inbox this week. The short answer: no. The UPI MDR, a 0.4% fee on select merchant payments that was due to start on 15 October, has been put off. On 13 October, the National…