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DEPOSIT ACCOUNT
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...11 Jun, 2026, 01.29 PM IST- Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India, BoB and moreSeveral Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announce...11 Jun, 2026, 09.55 AM IST
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...10 Jun, 2026, 05.21 PM IST
- Short-end Indian debt gains as RBI dollar measures spur buyingShort-term Indian government bond yields have dropped to their lowest in three months. This move steepens the yield curve significantly. Ex...10 Jun, 2026, 04.31 PM IST
- India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI ReportIndia's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's ext...10 Jun, 2026, 01.26 PM IST
- Muted returns on market bets steer funds back to banksAs per RBI data, bank deposits stood at Rs 256.9 lakh crore as of May 15, 2026, registering a year-on-year growth of 12.2% - well above the...09 Jun, 2026, 09.59 PM IST
- RBI measures likely to attract USD 55-65 billion inflows in FY27: SBI reportIndia anticipates USD 55-65 billion in foreign inflows this fiscal year. The Reserve Bank of India's recent measures aim to stabilize the r...09 Jun, 2026, 07.49 PM IST
- From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...09 Jun, 2026, 05.20 PM IST
- Banks likely to go all out to attract diaspora investmentRBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity...09 Jun, 2026, 12.58 AM IST
- India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...08 Jun, 2026, 06.13 PM IST
- Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...08 Jun, 2026, 09.52 AM IST
- Multi-crore ponzi scheme exposed in Karnataka: Over 40,000 investors duped in Shivananda Neelannavar fraud caseThe CID has exposed a massive Rs 2,400 crore Ponzi scheme run by Shivananda Neelannavar, defrauding over 40,000 investors. A significant po...07 Jun, 2026, 04.51 PM IST
- RBI proposes tighter disclosure norms for deposit rates, links bulk deposit pricing to liquidity rulesThe Reserve Bank of India is proposing new rules for bank deposit interest rates. Banks will need to publish their rates daily. They can al...05 Jun, 2026, 08.51 PM IST
- Rs 20,000 monthly income from SCSS: How senior citizens can earn regular interest income for at least 5 yearsThe Senior Citizens Savings Scheme (SCSS) offers a stable 8.2% annual interest rate, ideal for retirees seeking predictable income. To earn...05 Jun, 2026, 06.22 PM IST
- In Gurgaon's rent scam, tenants claim losing Rs 70,000 and being thrown out of flat at nightGurgaon tenants faced a financial crisis after a property manager allegedly pocketed their rent and security deposit. The actual owner disc...05 Jun, 2026, 08.56 AM IST
- Rs 1 lakh investment in NSC: What will be maturity value after 5 years?National Savings Certificate provides a secure investment option. With a 7.7% interest rate, a Rs 1 lakh investment grows to over Rs 1.44 l...04 Jun, 2026, 05.56 PM IST
- Rs 10,000 monthly investment in post office RD vs SBI RD: Where will you get higher maturity amount in 5 years?Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Offi...02 Jun, 2026, 05.40 PM IST
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