Meena, a 41-year-old teacher in Pune, has ₹3 lakh to put in fixed deposits. She is torn. A 3-year FD pays more than a 1-year one, but she might need some of the money for her son’s college admission. And if rates rise, she does not want everything locked in at today’s rate. An FD…
Is online shopping switched on for your debit card, or only for the card you actually use? Is international usage turned off on every card except when you travel? Does your old, unused credit card still allow contactless taps? Card controls answer all three questions. Since 16 March 2020, the RBI has required every bank…
Monday, 12 October 2026, 5 PM: The rupee closed at 95.75 against the US dollar (provisional), up 96 paise from Friday’s 96.71, PTI reported. That is the rupee’s steepest single-day gain in more than six months, and it came on the first trading day after the RBI’s weekend measures to cut dollar demand. Here is…
Earn ₹25,000 or less and wondering whether you now get a pension? On 12 October, EPFO put out a clarification on who is eligible for the Employees’ Pension Scheme (EPS) after the wage ceiling was raised from ₹15,000 to ₹25,000 a month. The short version: EPS eligibility now covers employees earning up to ₹25,000, subject…
5.54%. That is India’s CPI inflation for September 2026, as per the provisional figure MoSPI released at 4 PM on Monday, 12 October. It is up from 4.83% in August (now revised as final) and is higher than the roughly 5.4% we had worked out from the RBI’s forecast this morning. Food inflation jumped to…
Gold closed Monday lower. IBJA’s PM fix on 12 October 2026 put 24-carat gold at ₹1,48,061 per 10 grams, down ₹1,369 (0.92%) from Friday’s PM fix. 22-carat is ₹1,35,624 and silver ₹2,20,295 a kg, down ₹814. That is the gold silver price today on the benchmark many jewellers and lenders refer to. City jewellers trimmed…
Report within three working days. That one rule decides whether you lose nothing or something when money leaves your account without your permission. Under RBI’s customer protection rules, how much of an unauthorised transaction (made electronically) you bear depends on who was at fault and how fast you told the bank. Here is the checklist,…
Meena keeps ₹1,20,000 in her savings account “just in case”. Most of it earns the savings rate. With an auto-sweep account, the bank would move the extra into fixed deposits by itself and pull it back when she spends. This is how a sweep-in FD works, using SBI’s Savings Plus Account as the worked example,…
NEFT vs RTGS vs IMPS: which one should you use? All three move money between bank accounts and all three now run 24×7. The differences are in speed, minimum amount and what the bank may charge. Here is the comparison, from RBI’s own FAQs. NEFT vs RTGS vs IMPS at a glance Point NEFT RTGS…
Which SEBI rules are coming next for traders and investors? SEBI’s chairman, Tuhin Kanta Pandey, gave a short list on Saturday 10 October. Rules on how the settlement price of derivatives is set on expiry day should come “in about a week”. Guidelines on the use of artificial intelligence (AI) in markets will follow “shortly”….