‘SBI WeCare Deposit’ offers senior citizens 80 basis points more interest for investments made for five or more years (6.5 per cent), compared to rates offered to those less than 60. Bank of Baroda and IDBI Bank offer 6.2 per cent and 6.3 per cent interest, respectively on fixed deposits of five years or more made by senior citizens. “The interest rates of the new fixed deposit scheme for senior citizens from SBI are now competitive and comparable with those offered by private banks,” says Sapna Tiwari, Co-founder and COO, Rupeewiz Investment Advisors. For instance, HDFC Bank and ICICI Bank offer 6.5 per cent interest rate to the category of depositors mentioned above. … [Read more...] about SBI hikes FD rates for senior citizens: Does that make the deposits attractive?
Senior citizen home safety association
“The outlook for the industry looks bleak. We have already reduced our growth forecast for 2020 to around 6 percent...as of now, there is limited demand plus credit is also going to be difficult,” said Satish Meena of Forrester Research to the publication. … [Read more...] about E-commerce companies struggle to continue business in green, orange zones despite relaxations
Anxious to find out if the government aid has reached them, lakhs of daily wagers and farm labourers have been enquiring about their account balance daily. Bankers and payments operators have claimed that this sudden increase in enquiries has ended up choking digital channels, according to a report in The Economic Times. … [Read more...] about Snags in digital channels due to surge in enquiries by anxious daily wagers: Report
Notably, India is among the 183 countries that signed the Biological Weapons Convention of 1975. This prohibits the possession of “biological agents and toxins” for purposes other than “prophylactic, protective, or peaceful”. The convention, however, allows member countries to develop biological weapons for defensive purposes. … [Read more...] about Revive work on biological defence programme: NITI Aayog member to DRDO
The order from the railway board to zones indicates that the railways is planning to run mixed services instead of the presently all air-conditioned trains. This also means that it could begin services to smaller towns along with the major cities that its Rajdhani specials are catering to now. … [Read more...] about Indian Railways cancels old ticket bookings done for travel upto June 30; Shramik, special trains to continue