SENIOR CITIZEN
FM Nirmala Sitharaman asks regulators to expedite refund on unclaimed deposits, streamline KYC
Finance Minister Nirmala Sitharaman urged regulators to expedite unclaimed deposit refunds and streamline KYC processes during the 29th FSDC meeting. The council emphasized macro-financial stability, cybersecurity resilience, and inter-regulatory coordination. Members also discussed implementing budget announcements, improving factoring services, and reviewing past FSDC decisions to strengthen the financial sector.
Big hit to depositors: HDFC Bank reduces FD and savings account rates
HDFC Bank has reduced its fixed deposit interest rates by 25 bps across all tenures for deposits under Rs 3 crore, effective June 10, 2025, following the RBI's repo rate cut.
Latest FD rates of Canara Bank, Axis Bank, Indian Bank, Kotak Mahindra Bank after RBI’s repo rate cut
Following the Reserve Bank of India's repo rate cut, several major banks, including Canara Bank, Kotak Mahindra Bank, and HDFC Bank, have adjusted their fixed deposit interest rates for deposits under Rs 3 crore.
IRCTC’s new tatkal rules you must know before your next confirmed train ticket booking: Know all FAQ's
Indian Railways will soon introduce e-Aadhaar authentication for Tatkal train ticket bookings. This aims to reduce fraud and increase transparency. The new system will require all users to authenticate via e-Aadhaar on the IRCTC portal. Tatkal bookings open one day before the journey. Passengers can book up to four tickets per PNR.
After RBI's repo rate cut, ICICI Bank reduces interest rates on fixed deposits; check latest FD rates in June 2025
After the revision, ICICI Bank offers FD interest rates between 3% and 6.6% to general citizens for amounts below Rs 3 crore; for senior citizens, the rates vary between 3.5% and 7.1%.
Rs 4.58 crore stolen from ICICI bank customers: Broke FDs, created overdraft and personal loan; how relationship manager executed fraud
A 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, was arrested for stealing Rs 4.58 crore from customers, including senior citizens between 2020 and 2023. This issue came to light as the bank reported the matter to police. The RM used the funds for speculative stock market trading in future and options (F&O). As per bank, after it came to know about the fraud it has refunded money to all depositors. Read below to know more.
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As deposit rates fall, banks turn to innovation to woo savers and stay competitive
With interest rates declining, banks face the challenge of attracting deposits. Experts suggest innovative products like fixed deposit-linked credit cards and sweep-in deposits are crucial. Younger savers are shifting to capital market products, while senior citizens favour government schemes. Banks are already adapting, but further rate cuts will necessitate more competitive offerings to retain depositors.
'Your PF is with CBI now': Mumbai man loses Rs 1.4 crore after falling for 18-month scam involving fake CBI, EPFO officials
A 73-year-old former state government employee from Andheri was swindled out of Rs 1.4 crore by cyber fraudsters posing as EPFO officials. The scam began with a call about pending PF dues, leading to a series of payments over 18 months.
Won't apologise for standing up for patient denied care: Goa Health Minister Vishwajit Rane
Goa Health Minister Vishwajit Rane stood by his decision. He suspended a doctor from a state-run hospital. The reason was the doctor's alleged arrogant behaviour towards a patient. Rane received a complaint from a journalist. The journalist's mother-in-law was mistreated at Goa Medical College and Hospital. Rane admitted his tone could have been better.
Defence exports signal India's rise as regional security provider
Under Modi 3.0, India emphasizes delivery over rhetoric, evident in mandates and initiatives like PM-KISAN and Ayushman Bharat. Operation Sindoor showcased India's defense capabilities, bolstered by the Atmanirbhar Bharat mission and rising defense exports. The nation's startup ecosystem thrives, alongside advancements in digital infrastructure and strategic investments, paving the way for economic growth and national renewal.
What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further
RBI repo rate cut by 50 bps: The RBI has cut the repo rate and other key rates by 50 bps in today's monetary policy announcement. The latest rate cut brings bad news for fixed deposit investors as banks will cut FD interest rates. How can FD investors still earn higher interest rate?
SBI will call you from these numbers: Check the numbers to avoid cyber frauds
The Reserve Bank of India in January directed all banks and regulated entities (REs) to call customers only using phone numbers that begin with the "1600xx" series for transactions or service provision.
FD interest rate up to 9.10%: These banks are still offering over 8% interest on fixed deposits for senior citizens
With the RBI's repo rate cut in 2025, fixed deposit interest rates are expected to decline, impacting conservative investors. Banks will likely lower FD rates, creating a limited window to secure higher returns.
CM Siddaramaiah announces suspension of Bengaluru Police Commissioner, orders arrest of RCB, KSCA & DNA executives
Following the Chinnaswamy stadium stampede that resulted in 11 fatalities, Chief Minister Siddaramaiah suspended key Bengaluru police officials, including the City Police Commissioner. A judicial inquiry, led by Justice John Michael D'Cunha, has been ordered alongside a CID investigation into the roles of RCB, KSCA, and DNA Entertainment Networks.
No pensioner should face problems to get dues: Union minister Jitendra Singh
Union Minister Jitendra Singh emphasized administrative sensitivity and efficiency in resolving pensioners' grievances, ensuring no retiree struggles to receive their dues. He advocated for a time-bound redressal mechanism, aligning with the Prime Minister's citizen-centric governance model.
Why Covid diagnosis is difficult these days: Here's what doctors say as cases near 5,000
India is experiencing a rise in Covid-19 cases with milder symptoms, leading to potential neglect and delayed testing. Doctors warn against dismissing these mild signs, emphasising the importance of isolation, especially for vulnerable individuals. While the JN.1 variant appears less severe, vigilance and prompt action are crucial to prevent complications and shorten the wave's duration.
“Are you a historian?”: Karnataka HC slams Kamal Haasan over Kannada-Tamil remark; says Jala, Nela, Bashe are sacred to people
The Karnataka High Court has strongly criticised Kamal Haasan for his remark suggesting Kannada originated from Tamil, stating it hurt the sentiments of many in Karnataka. The court questioned Haasan's expertise to make such a claim and suggested a simple apology could resolve the issue.
New FD rates from June 1, 2025: PNB, Canara Bank revise interest rates across tenures
Canara Bank and Punjab National Bank (PNB) have adjusted their fixed deposit (FD) interest rates for retail term deposits under Rs 3 crore, effective June 1, 2025. Canara Bank decreased rates on specific tenures, while PNB reduced rates on some and increased rates on longer-term deposits. PNB's highest rate is now 6.9% on a 390-day tenure.
Delhi Government plans six new Khelo India centres
The Delhi government plans to establish six Khelo India Centres to nurture young athletes in sports like athletics, football, and kabaddi, awaiting SAI approval. These centres will offer professional training and resources under the national Khelo India scheme. Additionally, a "Sundays on Cycle" event was organized in Delhi to promote fitness, reflecting the growing enthusiasm for health initiatives.
Delhi Metro introduces priority frisking for special category passengers
The Delhi Metro Rail Corporation (DMRC) has launched a Priority Frisking initiative at all metro stations, in collaboration with CISF, to improve travel for special category passengers like the specially-abled, pregnant women, senior citizens, and those with injuries.
Last day to lock in at 9.10% FD rate: This bank to cut fixed deposit interest rates from tomorrow
Attention fixed deposit investors, today is the final day to secure FD at rates as high as 9.10% per annum. Suryoday Small Finance Bank will revise FD interest rates from June 1, 2025.
Special FD interest rate up to 7.8%: IDBI Bank revises FD rates across special deposits, check Utsav FD deadline
IDBI Bank is set to revise interest rates on fixed deposits, Utsav FD scheme, and savings accounts. The new rates become effective from May 16, 2025. Special Utsav FDs offer attractive rates for 444, 555, and 700-day tenures. Senior citizens get higher returns. Savings account interest rates also see changes, with higher balances earning more.
Hurry up! Only 2 days left for senior citizens to book FDs at 9.1% for 5 years as this bank cuts interest rates
Suryoday Small Finance Bank is set to revise its fixed deposit interest rates starting June 1, 2025, following a trend of rate cuts by other major banks. While senior citizens can currently avail a high of 9.10% until May 31, 2025.
Highest FD returns: SBI, HDFC, ICICI and Canara Bank, which one gives the maximum interest on Rs 5 lakh deposit
With recent FD interest rate reductions from major banks like SBI, ICICI, HDFC, and Canara Bank, comparing the latest offerings is crucial. Latest FD rates impact potential earnings on fixed deposits, requiring careful consideration of tenure and individual bank policies.
ICICI Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures
Attention depositors, ICICI Bank has revised its fixed deposit interest rates. The reduction is up to 20 bps for specific tenures on deposits below Rs 3 crore. The revised rates are effective from May 26, 2025.
Ayushman Card for senior citizens: How 70+ senior citizens can get Rs 5 lakh free medical cover via Ayushman app
The government is improving healthcare access for senior citizens. Individuals aged 70 and above can now get free medical treatment up to Rs 5 lakh. This is under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana. The Ayushman Vay Vandana Card can be obtained through the Ayushman App. Aadhaar is mandatory for enrolment.
FD rate up to 9.1% for senior citizens investing for 5 years; Know the list of banks
Certain banks are providing high fixed deposit interest rates for senior citizens. Suryoday Small Finance Bank offers 9.1% interest. Unity Small Finance Bank provides 8.65%. NorthEast Small Finance Bank gives 8.5%. Utkarsh Small Finance Bank offers 8.25%. Jana Small Finance Bank provides 8.2%. Read below to know how senior citizens can prevent TDS deduction on FD interest.
HDFC Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures
HDFC Bank has reduced its fixed deposit interest rates by up to 20 basis points on select tenures for deposits below Rs 3 crore, effective May 23, 2025. The rate cut impacts tenures from one year to less than 15 months and 18 months to less than 3 years.
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