Punjab National Bank (PNB) has revised service charges applicable to its credit cards, with the new fee structure set to take effect from November 1, 2026. The changes cover reward redemption, high-value utility bill payments, cash withdrawals, late payment fees, cheque returns and duplicate statements. The revised charges apply to eligible credit card variants, while…
ICICI Bank has revised interest rates on select fixed deposits (FDs) below ₹3 crore. The bank has increased rates by 10 basis points on select longer-term deposits. Following the revision, senior citizens can earn interest of up to 7.20% on eligible fixed deposits, while general depositors can get up to 6.60%, depending on the deposit…
Retirement planning is not just about deciding how much money to accumulate before stopping work. It also involves estimating future household expenses, accounting for rising healthcare costs and choosing investments that can support regular withdrawals over a potentially long retirement period. Financial experts say individuals should begin by assessing their current expenses and the lifestyle…
Gold and silver prices declined on the Multi Commodity Exchange (MCX) on Friday, October 30, tracking weakness in international bullion markets amid concerns over persistent US inflation and expectations of tighter monetary policy. MCX December gold futures were trading at ₹1.41 lakh per 10 grams, down 0.58%, while December silver futures fell 2.40% to ₹1.84…
For young investors, building wealth is not simply about picking stocks or mutual funds that promise high returns. It starts with developing a savings habit, understanding financial goals and choosing investments according to risk appetite and the time available to achieve those goals. Gen Z is also connecting investment decisions with personal aspirations and values….
Prime Minister Narendra Modi on Friday (October 30) released the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, transferring ₹18,690 crore directly into the bank accounts of over 9.34 crore farmers. The instalment was released from Banaskantha in Gujarat, where the Prime Minister also inaugurated and laid the foundation stone for various…
Real Estate Investment Trusts (REITs) allow investors to participate in income-generating commercial properties, such as office buildings and shopping malls, without directly purchasing or managing real estate. Investors can earn returns through periodic distributions as well as potential appreciation in the price of REIT units listed on stock exchanges. However, understanding how REITs generate returns,…
The Department of Pension and Pensioners’ Welfare (DoP&PW) has clarified how contributions by employees and the government to the Unified Pension Scheme (UPS) will be calculated during the period of suspension of a central government employee. In an office memorandum, the department outlined the provisions governing subscriber and government contributions during suspension under the Central…
The Reserve Bank of India (RBI) has fixed the premature redemption price of Sovereign Gold Bond (SGB) 2019-20 Series VI at ₹14,213 per gram, allowing investors to redeem their holdings on Friday (October 30). The redemption price represents a return of around 270.6% over the original issue price of ₹3,835 per gram for offline investors,…
The interest rate on the Government of India Floating Rate Bond (FRB) 2034 has been fixed at 7.26% per annum for the six-month period from October 30, 2026, to April 29, 2027, according to a notification issued on October 29. The interest rate will apply to investors holding the government security during the specified half-yearly…
