Finance Ministry mulling hiking lock-in period for PPF account

Last Updated: Wednesday, February 4, 2015, 18:14

The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.

High value FDs to earn higher rate; norms to be issued soon: RBI

Last Updated: Wednesday, February 4, 2015, 16:23

Unbreakable high value fixed deposits will soon earn higher rate of interest with the Reserve Bank of India allowing banks to offer differential rates.

Norms for differential rate for non-callable deposits soon: RBI

Last Updated: Tuesday, February 3, 2015, 19:44

High value fixed deposits of over Rs 1 crore by individuals without premature withdrawal option can avail of differential interest rats, RBI on Tuesday said.

RBI extends deadline to exchange pre-2005 notes till June 30

Last Updated: Tuesday, December 23, 2014, 20:40

The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, has been extended by another six months till June, 30, 2015.

RBI extends time for exchanging pre-2005 currency notes

Last Updated: Tuesday, December 23, 2014, 19:47

The Reserve Bank on Tuesday granted an additional 6 months for the public to exchange currency notes printed before 2005, including Rs 500 and Rs 1,000 denominations, and set a deadline of June 30, 2015.

Panel for tax on cash withdrawal beyond limit to curb black money

Last Updated: Tuesday, December 2, 2014, 20:58

A high level official panel Tuesday proposed levying of banking transaction tax on withdrawal of cash beyond a specified limit in a day to check black money and was not in favour tax amnesty scheme.

RBI asks public to start exchanging pre-2005 currency notes

Last Updated: Friday, January 24, 2014, 18:02

The Reserve Bank has advised the public to start exchanging pre-2005 notes at banks, saying the volume of such notes that are being withdrawn from circulation is 'not significant.'

RBI to withdraw all pre-2005 currency notes

Last Updated: Wednesday, January 22, 2014, 19:22

The Reserve Bank on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.

All currency notes issued prior to 2005 to be withdrawn: RBI

Last Updated: Wednesday, January 22, 2014, 18:30

All currency notes issued prior to 2005 will be withdrawn after March 31, 2014, the Reserve Bank said on Wednesday.

MFs invest Rs 4.33 lakh cr in debt market in 2013 so far

Last Updated: Sunday, December 22, 2013, 12:31

As per Sebi data, domestic mutual funds (MFs) were net buyers in the debt market during November and bought debt schemes to the tune of Rs 41,623 crore.

US tapering won't have any big impact on India: FM

Last Updated: Thursday, December 19, 2013, 18:24

Chidambaram said the government is of the view that markets have already factored in the US Federal Reserve's decisions and "therefore is not likely to be surprised by these moderate changes".

Mutual funds' exposure to bank stocks rises to Rs 26,800 cr

Last Updated: Tuesday, November 5, 2013, 14:56

Cashing in on the good equity market conditions, fund managers' raised their exposure to bank stocks to more than Rs 26,800 crore in September over the preceding month.