interest rates
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Investing
Bank of India Offers Up to 8.10% Interest on New Fixed Deposit Scheme
In celebration of the festive season, Bank of India (BOI) has introduced a new 400-day fixed deposit scheme that offers attractive interest rates to various customer segments. This initiative aims to provide customers with a lucrative investment opportunity during the festive period. Here are the key highlights of the new fixed deposit scheme: Attractive Interest Rates: The scheme offers competitive…
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Money
Earn More on Idle Cash: Invest in Liquid and Overnight Funds
Most of us keep money sitting idle in our savings bank accounts, enjoying the convenience of easy access for paying utility bills, credit card bills, and other expenses via debit card or cheque. However, this practice comes with a hidden cost. Savings accounts typically offer interest rates of 3.50-4%, which often fail to keep up with inflation. Consequently, while these…
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Investing
Government Boosts Sukanya Samriddhi Yojana Returns: Interest Rates Hiked for Q1 2024
The interest rates for the Sukanya Samriddhi Yojana (SSY) have been increased by 20 basis points for the January-March quarter by the Narendra Modi government, preceding the Lok Sabha polls in 2024. As per a circular from the finance ministry, the Sukanya Samriddhi scheme will now offer an interest rate of 8.2%, up from the previous 8%. The government routinely…
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USA
US News: Jobless Claims Edge Up, but Labor Market Resilience Eases Concerns
The latest report from the Labor Department reveals a slight uptick in weekly jobless claims, reaching 218,000 for the week ending Dec. 23, a rise of 12,000 from the previous week. However, the four-week average, a more stable measure, decreased by 250 to 212,000. Although 1.88 million Americans were collecting jobless benefits, an increase of 14,000 from the prior week,…
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Money
IIFL Samasta Finance Gears Up for ₹1,000 Crore Bond Listing on BSE and NSE
IIFL Samasta Finance, a prominent NBFC-MFI in India, is set to raise ₹1,000 crore through its debut public offering of secured bonds. The funds aim to support business expansion and enhance capital resources, offering investors a secure opportunity with interest rates up to 10.50%. The company plans to issue ₹200 crore initially, with a green-shoe option for oversubscription, potentially raising…
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