Search Results for Tag : savings

News

RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)

Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....

Tags : Reserve Bank of India, RBI, small savings schemes

RBI to Banks: Pay Interest on Savings Account Every Quarter(16.03.2016)

Reserve Bank of India (RBI) has asked banks to pay interest on their customers’ savings accounts on a quarterly basis or shorter duration.

Tags : Reserve Bank of India, savings accounts

Govt. Slashes Interest Rate on Small Savings Schemes(21.03.2016)

Government has slashed interest rates on all small savings schemes, including Public Provident Fund, by 60 basis points, and Kisan Vikas Patra, by 90 .....

Tags : Government, Small Savings Schemes

Madras HC: Banks Cannot Attach Savings Account Opened for Depositing Pension to Recover Loan(03.12.2015)

Madras High Court has held that Savings Bank Account maintained primarily for purpose of depositing monthly pension amount could not be attached by a .....

Tags : Madras High Court , Savings Bank Account

EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)

Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....

Tags : Employees' Provident Fund Organisation, interest rate on retirement savings

Govt. Decides to Cut Returns on Small Savings Schemes(17.02.2016)

Government has said that interest rates of small saving schemes would be recalibrated on a quarterly basis instead of annual basis from April 1, 2016,.....

Tags : Government , Small Savings Schemes

Judgments

Surviving spouse entitled to compensation even if both were earning members(29.10.2015)

In a case regarding compensation for the death of a woman in a motor vehicle accident, the Bombay High Court determined that though the surviving husb.....

Tags : Dependency, compensation, earning spouse, savings

Notifications & Circulars

Central Government specifies that all public sector banks and ICICI Bank, Axis Bank, HDFC Bank Ltd. and IDBI Bank shall be authorised to operate the Mahila Samman Savings Certificate, 2023(27.06.2023)

In pursuance of the powers conferred by sub-clause (ii) of clause (g) of section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Cent.....

Tags : Banks, Operation, Savings Certificate

Government of India makes Amendments in Small Savings Act(13.02.2018)

The Government gives highest priority to the interest of small savers, especially savings for the benefit of girl child, the senior citizens and the r.....

Tags : Amendments, Enactment, Small Savings

Subscription to Floating Rate Savings Bonds, 2020 (Taxable) through RBI Retail Direct Portal(23.10.2023)

RBI-Retail Direct Scheme was launched by the Hon'ble Prime Minister on November 12, 2021. Under the Scheme, individual investors are permitted to open.....

Tags : Subscription, Floating Rate, Savings Bonds

Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) - FRSB 2020 (T) for the Period January 01, 2024 - June 30, 2024(01.01.2024)

1. In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxa.....

Tags : Rate, Interest, Savings Bond