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
Safeguarding means the same as child protection
The video from the IndiGo flight is now viral. (Image: Screengrab from video @govindsharma5906/Instagram) IndiGo has launched Super 6E flights to Colombo, Kuala Lumpur, Dammam, Jeddah, Bangkok, Hong Kong, Kuwait, Doha, Hanoi, Ho Chi Minh, Vietnam, Male, Kathmandu, and Riyadh. With these additions, IndiGo now offers Super 6E fares on flights to 23 international destinations. The airline launched this service on flights to Dubai, Sharjah, Abu Dhabi, Ras Al Khaimah, Singapore, Istanbul, Dhaka, Muscat, and Bahrain last year. A Super 6E fare for international routes includes an extra 10kg of baggage allowance, the option to select a seat, including an XL seat, a meal/snack combo of your choice, priority check-in and luggage collection on arrival, anytime boarding, baggage protection against delays and losses, a reduced change fee and cancellation fee, and no convenience fee. "IndiGo is constantly looking to innovate and offer a seamless and hassle-free travel experience for … [Read more...] about IndiGo launches Super 6E fare system on 14 international routes
Representative Image The Directorate General of Civil Aviation (DGCA) on January 25 announced new guidelines asking airlines to refund passengers that were downgraded to a lower class. As part of the new guidelines, the aviation regulator has asked airlines to issue a 75 percent refund of the cost of ticket including taxes to passenger that were downgraded when flying on a domestic route. Similarly, for passengers flying on international routes, if the route length is 1,500 km or lower, airlines will have to provide a refund amounting to 30 percent of the cost of ticket including taxes, if a passenger's seat is downgraded. For international flights between 1,500 km and 3,500 km, airlines will have to provide a refund amounting to 50 percent of the cost of ticket including taxes, if a passenger's seat is downgraded. ALSO READ: DGCA sets new rules for duty timings of air traffic control employees Read More COVID-19 Vaccine Frequently Asked Questions … [Read more...] about DGCA amends norms to provide refund to passengers who were shifted to lower class
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?
In its yield offering, Flint promised users a fixed return on their deposits of Ethereum, Bitcoin or several of its listed options. Decentralised Finance (DeFi) startup Flint, which is backed by investors like Sequoia Capital and Coinbase, has decided to discontinue its flagship yield offering service amid regulatory uncertainty, YourStory reported on January 27 citing an internal mail. "Today we are announcing the regrettable but necessary decision that Flint will be phasing out its services due to regulatory clarity around crypto deposit-taking companies like ours," the company said in the email to users, the report stated. The development comes after the DeFi startup had in November last year informed that it has "moved out" its funds from crypto exchange FTX, which recently became bankrupt. The saga that shook the crypto world last year began with FTX filing for US bankruptcy court protection from creditors and founder Sam Bankman-Fried resigning as chief executive … [Read more...] about Sequoia-backed DeFi app Flint discontinues flagship yield service: Report