Savings
Business 

Bright DiGi Gold Makes 24k Pure Gold Savings Accessible to All

Bright DiGi Gold Makes 24k Pure Gold Savings Accessible to All New Delhi (India), April 11:  Bright DiGi Gold, a pioneering digital gold and silver savings platform, is proud to announce its latest offering: the ability to save in precious metals, as well as buy, sell, gift, store and receive...
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Business 

Savingz: Empowering India Through AI First Wealth-Tech to save taxes and earn more than 30 percent returns

Savingz: Empowering India Through AI First Wealth-Tech to save taxes and earn more than 30 percent returns New Delhi (India), April 5:   Three young entrepreneurs from IIT Guwahati – Rounak Baral, Hardik Lodha, and Shubham Jain – have announced the launch of Savingz, India’s first AI-powered wealth-tech app. Savingz: AI-Powered Wealth Management for All Established in July...
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Business 

Financial savings by Indian households shift away from bank deposits to capital markets

Financial savings by Indian households shift away from bank deposits to capital markets New Delhi, Feb 18 (IANS) Financial savings by Indian households have shifted away from the conventional bank (including non-bank) deposits to capital markets, BofA Securities said in a report. The former accounted for 39 per cent of total financial savings...
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Business 

Household net financial savings at 47-year low in FY23

Household net financial savings at 47-year low in FY23 New Delhi, Sep 20 (IANS) Household financial borrowings in FY23 surged to 5.8 per cent of GDP, the second-highest in the post-independence period, it was 6.7  per cent  of GDP in FY07, Motilal Oswal Financial Services said in a report....
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Business  Feature 

REIT - An alternative investment class

REIT - An alternative investment class Equity as an asset class comes with its set of high risks and volatile earnings. Yes, there is a very large element of multiple returns but the number of stocks which turn out to be multi-baggers is a low single...
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Business 

74% of Indians concerned about their personal financial situation: Report

74% of Indians concerned about their personal financial situation: Report Around 74 per cent of Indians are concerned about their personal financial situation, as opposed to 50 per cent globally, while 63 per cent of Indian consumers are cutting back non-essential spending altogether, a new report said on Thursday.
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Business  India 

Govt hikes deposit limit for MIS, senior citizen savings scheme

Govt hikes deposit limit for MIS, senior citizen savings scheme The Centre on Friday raised the interest rates of small savings schemes, effective from April 1, 2023. At the same time, the government also raised the deposit limits for monthly income scheme (MIS) and senior citizen savings scheme.
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Business  India 

Govt hikes interest rate of small saving schemes, maximum in Sukanya Samridhi Yojana

Govt hikes interest rate of small saving schemes, maximum in Sukanya Samridhi Yojana The Government has effected significant hike in interest rates of small savings schemes, like senior citizen saving schemes, national saving certificate (NSC), Sukanya Samriddhi Yojana and monthly income scheme (MIS). The new rates will be effective from April 1, 2023 till June 30, 2023, i.e the first quarter of 2023-24.
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Business 

Gold is bankable, shines more than some western banks

Gold is bankable, shines more than some western banks Chennai- Gold has turned into a more bankable asset and its prices going up as several American banks are going down, say experts. On Monday, the yellow metal shone brighter at the markets with gold at the MCX crossing the...
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Business  Surat 

Surat Residents Invest in Digital Gold Amid Stock Market Volatility

Surat Residents Invest in Digital Gold Amid Stock Market Volatility As recent stock market turbulence has led to significant losses for investors, many people are now turning to safer investment options, benefiting the postal department. The Department of Posts' Sovereign Gold scheme, which offered digital gold from March 6 to...
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