Fixed deposits (FDs) have invariably been a popular instrument for investors to diversify their portfolios. It is a low-risk investment option as the FD rates remain immune to market fluctuations till the deposit matures. With the surge in, the repo rate (a cumulative increase of 225 bps since August 2018), Bajaj Finance has also adjusted its fixed deposit (FD) interest rates once again by up to 40 bps. Risk-averse investors can now secure a maximum interest rate of 8.10% p.a. on their deposits, and thereby diversify their investment portfolio and earn a higher return simultaneously. A comparison of old and new interest rates for cumulative FD for is given below: Customers below 60 years of age Senior citizens Period (months) Old Interest Rates Revised Interest Rates Old Interest Rates Revised Interest Rates 12 - 23 months 7.05% p.a. 7.15% p.a. 7.30% p.a. 7.40% p.a. 15 months 7.20% p.a. 7.30% p.a. 7.45% p.a. 7.55% p.a. … [Read more...] about Bajaj Finance revises Fixed Deposit rates to up to 8.10% p.a.: Invest online
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Representative image A top India-centric American business advocacy group, in collaboration with various US government agencies and a prestigious university, has announced an alliance to increase the number of women in STEM education and the workforce in India. The launch of the US-India Alliance for Women's Economic Empowerment STEM Collaborative was announced by Mukesh Aghi, president and CEO of the US-India Strategic and Partnership Forum during the US-India Alliance Shatter Summit. "India and the US tech synergy is well evinced in India being an IT powerhouse and the US having the most robust tech economy. However, there is still a lacuna in the number of male and female STEM graduates," Aghi said. "For India to unleash its full potential, there needs to be a concerted effort to get more young girls and women in STEM (science, technology, engineering and maths)," he said. The US-India Alliance for Women's Economic Empowerment is a public-private partnership between … [Read more...] about Alliance launched to increase number of women in STEM education, workforce in India
(Photo: ANI) India has signed an agreement with South Africa to translocate 12 cheetahs to the Kuno National Park in Madhya Pradesh, a senior official in the Union Environment Ministry said on Friday. The pact was signed last week and seven male and five female cheetahs are expected to reach Kuno by February 15, he said. The South African environment department in a statement on Thursday said the plan is to send 12 cheetahs every year for a decade. India has not released any statement in this regard so far. The 12 South African cheetahs have been in quarantine since July last year and were expected to reach Kuno this month but "some processes in South Africa took some time", delaying the transfer, according to the official. It is expected that the South African authorities will soon receive an export permit and a certificate under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) for the transfer of the animals, he said, adding … [Read more...] about India inks pact with South Africa to bring cheetahs; 12 to arrive in February
Air India reviewed its inflight alcohol service policy on January 24 and made some adjustments after embarrassing onboard incidents that triggered fines and public anger. As part of the review, the airline said it will adopt the US National Restaurant Association’s traffic light system to tactfully refuse alcohol to passengers if they seem to be at risk of behaving inappropriately. What is the National Restaurant Association’s traffic light system? The National Restaurant Association’s traffic light system asks servers to determine whether a customer needs to be cut off from being served liquor. The system categorises passengers into green, yellow or red stages based on their behaviour, body language, facial cues, and ability to comprehend instructions. Read More COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to … [Read more...] about MC Explains | Air India’s new system to identify drunk passengers
Everyone has the perpetual desire to earn and save money and has the expectancy to grow their money multifold. It’s a perennial search for options and one can equate the financial market to the ocean. The German linguist Heinrich Zimmer once described the ocean as “limitless and immortal, the beginning and end of all the things on earth”. Equivalently the financial market has never been run short of investment options or investment possibilities. Hence, the plethora of options for making money grows for future purposes, and people are caught in the middle of what options might be the better choice to get a Fixed return for a shorter or longer duration. As the ocean has the biggest fish, the finance market has the FD (Fixed Deposit) which has been predominantly trusted by investors. There are other better yield instrument options available, yet those instruments lack adequate trust among investors. Lately, equity, mutual funds, PPF, crypto, and Government bonds have become the … [Read more...] about Why are NCD IPOs important to invest in?
Personal loans are great instruments to help you cope with unforeseen financial emergencies. Nowadays, getting online personal loan approval is easy, as the lender sanctions the loan to the borrower in just a few hours. However, the criteria for personal loan eligibility varies from person to person and depends on the past repayment record as it is an unsecured loan. Similarly, a successful settlement boosts your credit score and significantly improves your creditworthiness for further emergency loans. Continue reading to know the various factors that affect loan approval in 2023. 9 Personal Habits for Easy Loan Approval in India To ensure that you receive personal loan deals at attractive interest rates in future, keep the following principles in mind: 1. Keep a Short Repayment Period Read More Most people take EMI payments of personal loans very casually as they do not have anything at stake. Unfortunately, such behaviour leads to progressive interest accrual … [Read more...] about Factors That Decide Your Instant Personal Loan Approval in 2023