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New Delhi [India], March 2 (ANI): The central government has retained an 8.25 per cent annual rate of interest to be credited on Employees' Provident Fund (EPF) accumulations in members' accounts for the financial year 2025-26, according to the Ministry of Labour and Employment of India. The interest rate would be officially notified by the Government of India, following which the Employees' Provident Fund Organisation (EPFO) would credit the rate of interest into the subscribers' accounts. Th ...Read More >
NEW DELHI: The Central Board of Trustees (CBT) has recommended an 8.25% rate of interest on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, offering continued relief and stable returns to over six crore subscribers amid global economic uncertainties. The decision was taken at the 239th meeting of the CBT chaired by Union Labour and Employment Minister Mansukh Mandaviya in New Delhi on Monday. The interest rate will be officially notified by the Government of India, foll ...Read More >
Mumbai (Maharashtra) [India], October 28 (ANI): The Reserve Bank of India (RBI), on behalf of the Government of India, has announced the sale (re-issue) of four dated Government Securities for a total notified amount of Rs 32,000 crore.The auction is scheduled to be held on October 31, 2025 (Friday), while the settlement will take place on November 3, 2025 (Monday).According to the official statement by the RBI, the auction will include four Government Securities with varying maturities and coup ...Read More >
Union Labour Minister Mansukh Mandaviya told a meeting of the Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) in New Delhi on Monday (October 13, 2025) that the Cabinet was actively considering increasing the minimum PF pension. Though the issue was not in agenda, trade union members in the CBT said during the discussions that the minimum PF pension should be revised from the present amount of ₹1,000 a month. "The Minister did not rule it out and said the Ca ...Read More >
New Delhi: The 238th meeting of Central Board of Trustees (CBT), EPF recently approved Simplified and Liberalized Partial Withdrawals to Enhance Member Convenience and Retirement Security. Under the chairmanship of Union Minister for Labour & Employment and Youth Affairs & Sports Mansukh Mandaviya, the took a number of decisions. 1. To enhance Ease of Living of EPF members, CBT decided to simplify the partial withdrawal provisions of EPF Scheme by merging 13 complex provisions into a single, s ...Read More >
According to the agreement, which was signed in December 2007, the firm was bound to deliver possession within 24 months of approval of service plans. The Supreme Court on Wednesday directed a real estate firm to refund over Rs 43 lakh to a plot buyer with 18 per cent interest. The top court enhanced the compensation originally ordered by the National Consumer Disputes Redressal Commission (NCDRC), which had fixed the rate at 9 percent on more than Rs 43 lakh to be paid by M/s Business Park To ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 75.6% rise in net profit in the quarter ended June 30, 2025 at Rs 1,111 crore against Rs 633 crore during the corresponding quarter last year. It was on the back of growth in interest income YoY by 13% at Rs 7,386 crore in Q1 FY26 and other income. The Chennai-headquartered bank will raise Rs 4,000 crore likely by Q3 of the current fiscal. It has also received approval from its board for raising Rs 10,000 crore through infras ...Read More >
Chennai, Jul 18 (PTI) Public sector Indian Overseas Bank has drawn up plans to raise Rs 4,000 crore during this financial year through various instruments, including Qualified Institutional Placement (QIP), a top official said on Friday. With the proposed plan to fund raise, the Government of India's shareholding in the Chennai-headquartered bank is expected to come down to 90 per cent from the current 94 per cent, the bank's Managing Director and CEO Ajay Kumar Srivastava said here. "Last yea ...Read More >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewabl ...Read More >
MUMBAI: The Equated monthly instalments (EMIs) on your home, car, education and business loan is set to reduce further as the rate setting panel of the Reserve Bank of India (RBI) on Friday cut the benchmark repo rate by 50 basis points to 5.5 per cent. Repo rate is the rate at which the central bank lends short term money to commercial banks. A lower repo rate means banks can borrow funds at a lower cost from the central bank and are expected to pass on the lower cost to the borrowers. With thi ...Read More >
New Delhi: A couple of days ahead of the announcement of Reserve Bank of India (RBI) Monetary Policy 2024, public sector lender Canara Bank has announced revision in its Fixed Deposit (FD) rates. Canara Bank has hiked FD interest rates under Rs 3 crore. Canara Bank's new FD rates are effective from 1 December 2024, according to the bank's official website. Following the modification in FD interest rates, Canara Bank will offer interest rates on callable deposits with maturities ranging from se ...Read More >
Managing loan repayment properly can really make a difference in your financial health. With so many choices available, it is essential to choose the right one that will meet your financial goals and circumstances. Let's understand the different kinds of loan repayment strategies, their advantages and disadvantages, and help you make better choices. Whether a novice or seasoned borrower, learning these tactics will expedite the payoff process and ensure financial stability. 1. Fixed-rate loans ...Read More >
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