With effect from May 21, 2021, private sector lender HDFC Bank has altered interest rates on selected fixed deposit (FD) tenures. Following the most recent revision, HDFC Bank now offers 2.50 per cent interest on deposits maturing in 7 to 29 days, and 3% on deposits maturing in 30 to 90 days. 3.5 per centContinue reading “HDFC Bank Revises Interest Rates On FD, Check New Rates Here”
Category Archives: Financial Markets
RBI imposes ₹10 crore penalty on HDFC Bank
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹10 crore on HDFC Bank Limited for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act), an order dated 27 May stated. This penalty has been imposed in exercise of powers vested in the RBI under the provisionsContinue reading “RBI imposes ₹10 crore penalty on HDFC Bank”
Competitor fears Musk could ‘monopolise’ space
SpaceX, which asked the FCC for permission which will apply to some 2,800 satellites, plans ultimately to blanket poorly connected and isolated areas of the globe with internet connectivity. The launching of thousands of satellites into low Earth orbit by tech billionaire Elon Musk’s SpaceX threatens the “de-facto monopolisation” of space, the head of competitorContinue reading “Competitor fears Musk could ‘monopolise’ space”
WazirX Faces Flak As Users Struggle To Deposit Money In Mobikwik Wallet
Indian crypto exchange, WazirX, has come under fire on Twitter after its customers reported issues in using the exchange service. These issues stem from their recent tie-up with Mobikwik digital payments service. Users have reported that when attempting to deposit money into their WazirX wallet using Mobikwik, the payment is deducted from their Mobikwik accounts but theContinue reading “WazirX Faces Flak As Users Struggle To Deposit Money In Mobikwik Wallet”
Investments In India: Importance Of Investments
In today’s world, just working hard and earning a salary is not enough. There are many reasons as to why you should put your hard-earned money into investments, such as: Compounding your money Earning a secondary source of income Tax Benefits Meeting your financial needs and goals, etc. But there is one other big reasonContinue reading “Investments In India: Importance Of Investments”
Between Two who you prefer to choose as your Financial Advisor | Way to evaluate a good Financial Advisor
Finance -Md Imran First, let’s understand some of the qualities of a good financial advisor: Sound knowledge of the subject: This is a key quality. Before you shortlist any advisor, check the knowledge. The person would have a blog, Quora answers, youtube video, client testimonial, etc. Take your time and do your research and build trust.Continue reading “Between Two who you prefer to choose as your Financial Advisor | Way to evaluate a good Financial Advisor”
WazirX caught in a bind as banks withdraw support
One of the biggest cryptocurrency exchanges in India, WazirX, has announced that its Paytm Payments bank account will no longer remain operational, meaning the users won’t be able to carry out transactions on its platform through the bank transfer option for the time being. WazirX said that starting at 11:59 pm on May 20, 2021,Continue reading “WazirX caught in a bind as banks withdraw support”
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