Deposits Up To Rs 5 Lakh

Prime Minister Narendra Modi will address a programme, "Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh," on Sunday at Vigyan Bhawan in Delhi, his office said.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

Gold deposits estimated to be around 3,000 tonnes and worth Rs 12 lakh crore have been discovered in the Sonbhadra district of Uttar Pradesh by the Geological Survey of India (GSI), almost five times India's current reserve of the precious metal.

According to the RBI rules, in case of a bank failure each of its depositors is insured up to a maximum of Rs 1 lakh for both principal and interest amount.

With income tax saving fixed deposits (FDs), you can claim deduction for investments up to Rs 1.50 lakh under the section 80C of the income tax (I-T) Act

"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016," a senior Finance Ministry official said.

The tax department will not carry out any further verification for cash deposits up to Rs 5 lakh made by people above 70 years of age post note ban, but the limit has been fixed at Rs 2.5 lakh for other individuals. "There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in ba...

Outstanding loans rose Rs 65,360 crore ($9.58 billion) to Rs 74.13 lakh crore in the two weeks to January 6. Non-food credit rose Rs 63,690 crore to Rs 73.07 lakh crore, while food credit rose Rs 1,670 crore to Rs 1.07 lakh crore.

Prime Minister Narendra Modi will address a programme, "Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh," on Sunday at Vigyan Bhawan in Delhi, his office said.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

Gold deposits estimated to be around 3,000 tonnes and worth Rs 12 lakh crore have been discovered in the Sonbhadra district of Uttar Pradesh by the Geological Survey of India (GSI), almost five times India's current reserve of the precious metal.

According to the RBI rules, in case of a bank failure each of its depositors is insured up to a maximum of Rs 1 lakh for both principal and interest amount.

With income tax saving fixed deposits (FDs), you can claim deduction for investments up to Rs 1.50 lakh under the section 80C of the income tax (I-T) Act

"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016," a senior Finance Ministry official said.

The tax department will not carry out any further verification for cash deposits up to Rs 5 lakh made by people above 70 years of age post note ban, but the limit has been fixed at Rs 2.5 lakh for other individuals. "There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in ba...

Outstanding loans rose Rs 65,360 crore ($9.58 billion) to Rs 74.13 lakh crore in the two weeks to January 6. Non-food credit rose Rs 63,690 crore to Rs 73.07 lakh crore, while food credit rose Rs 1,670 crore to Rs 1.07 lakh crore.