YES BANK has launched a savings account aimed at Generation Z customers, offering cashback on debit card spends, rewards on UPI merchant transactions and a fixed deposit-backed credit card. The launch adds to the range of savings accounts banks offer to young customers, with features such as zero minimum balance requirements, debit card benefits and…
From splitting a restaurant bill to paying for souvenirs, UPI can make overseas spending more convenient for Indian travellers. But a familiar QR code does not guarantee that every merchant will accept it and a payment in a foreign country may involve currency conversion charges and different transaction limits. Before relying on UPI on your…
The Delhi government has started a door-to-door verification drive covering around 4.4 lakh senior citizens enrolled in its old-age pension scheme to identify deceased, duplicate and ineligible beneficiaries, officials were quoted as saying in a PTI report. The verification exercise is expected to conclude in three months. A senior government functionary said the exercise could…
The Department of Public Enterprises (DPE), under the Ministry of Finance, has revised Industrial Dearness Allowance (IDA) rates for executives and non-unionised supervisors of Central Public Sector Enterprises (CPSEs), effective October 1. According to an office memorandum dated October 27, the revised rates apply to executives holding board-level and below board-level posts, as well as…
Direct mutual fund plans will become the default option on asset management companies’ (AMCs) digital platforms from November 1, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on October 28. Investors choosing regular plans must be informed about their higher expense ratios. In his address at NDTV Profit IGNITE in Mumbai,…
Gold and silver prices rose in early global trade on Thursday, October 29, after the US Federal Reserve kept interest rates unchanged, while investors continued to assess the outlook for inflation and geopolitical developments in the West Asia. On the COMEX, gold futures were trading at $4,073.70 per ounce, up 0.55%, while silver futures rose…
Prime Minister Narendra Modi is scheduled to release the 24th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme on October 30, transferring more than ₹18,680 crore to over 9.34 crore farmer families across India. Eligible beneficiaries will receive ₹2,000 directly in their bank accounts under the central government’s income support scheme. Modi will…
SBI Card will introduce a 1% fee on eligible fuel and transportation transactions from December 1, 2026. The fee will apply if total fuel spending exceeds ₹50,000 in a billing cycle or an individual eligible transportation transaction exceeds ₹30,000. SBI Card will introduce a 1% fee on certain fuel and transportation transactions from December 1,…
The Union Cabinet has approved a 3 percentage point hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners, taking the rate from 60% to 63% of basic pay and pension, respectively, with effect from July 1, 2026. The decision will benefit around 1.16 crore people, including 48 lakh central…
Gold and silver prices traded lower on the Multi Commodity Exchange (MCX) on Wednesday, October 28, as investors remained cautious ahead of the US Federal Reserve’s policy decision. The outlook for interest rates, the US dollar, Treasury yields and inflation remains central to the near-term direction of bullion prices. For consumers planning gold purchases during…
