Savings
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After farmers, middle income group expects relief, interest rate of small savings schemes may increase
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By Loktej English Team
New Delhi, June 20 (HS): After increasing the MSP of 14 crops to provide relief to farmers, the central government is also going to provide relief to the middle income group. It is expected that in July this year, the...
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Bright DiGi Gold Makes 24k Pure Gold Savings Accessible to All
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By Loktej English Team
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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Savingz: Empowering India Through AI First Wealth-Tech to save taxes and earn more than 30 percent returns
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By Loktej English Team
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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Financial savings by Indian households shift away from bank deposits to capital markets
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By Loktej English Team
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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Household net financial savings at 47-year low in FY23
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By Loktej English Team
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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REIT - An alternative investment class
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By Loktej English Team
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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74% of Indians concerned about their personal financial situation: Report
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By Loktej English Team
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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Govt hikes deposit limit for MIS, senior citizen savings scheme
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By Loktej English Team
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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Govt hikes interest rate of small saving schemes, maximum in Sukanya Samridhi Yojana
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By Loktej English Team
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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Gold is bankable, shines more than some western banks
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By Loktej English Team
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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Surat Residents Invest in Digital Gold Amid Stock Market Volatility
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By Loktej English Team
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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