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Banks in several states across India will remain closed on Wednesday, November 5, 2025, in observance of Guru Nanak Jayanti, one of the most significant festivals in Sikhism. The day marks the birth anniversary of Guru Nanak Dev Ji, the founder of Sikhism and the first of the ten Sikh Gurus, who is revered for…
SIP vs PPF Comparison: If you are looking for long-term investment options that will help you accumulate wealth for future financial needs, Systematic Investment Plans (SIP) and Public Provident Fund (PPF) may be beneficial for you. Both differ from each other in various aspects, like maximum, minimum investment amount, maturity period, etc. What is SIP?…
The Securities and Exchange Board of India (SEBI) on Tuesday, October 28 issued a detailed consultation paper proposing a complete rethink of mutual fund regulations — the first such exercise in nearly three decades. SEBI said the overhaul aims to make mutual funds easier to understand and more transparent for investors, and has invited public…
When you join an organisation , you’re asked to share your nominee details documentation, the person who’ll receive your dues if something unexpected happens. This includes benefits like ‘gratuity’, which is a kind of saving earned through both the employee’s and employer’s contribution. It stays with the company and is given when you leave or…
Bank Rule Change from November 1: From 1st November 2025, new rules under the Banking Laws (Amendment) Act, 2025, will come into effect, changing how bank customers can make nominations. These changes aim to make it easier, clearer, and more flexible for depositors to decide who gets their money or valuables in case of their…
India’s Unified Payments Interface (UPI) is heading for its strongest month ever, with average daily transactions in October surging to Rs 94,000 crore, up 13 per cent from September, according to data from the National Payments Corporation of India (NPCI). With more than a week left in the month, UPI is on course to record…
Bank Holidays 2025: Banks across several states in India will observe holidays this week due to the Diwali festivities, according to the Reserve Bank of India (RBI) state-wise holiday calendar. Customers are advised to plan their banking transactions as branches will remain closed on multiple days during the week. The week-long observances include Diwali, Govardhan…
The country’s largest insurer, Life Insurance Corporation (LIC) of India, has launched two new schemes on Tuesday (October 14). The products are available for sale now. The schemes named LIC Jan Suraksha and LIC Bima Lakshmi will cater to lower lower-income group people and females, respectively. These are the first two products that LIC has…
Indian tourists visiting Japan may soon be able to make payments using the Unified Payments Interface (UPI), reported by ANI. The development follows a Memorandum of Understanding (MoU) signed between NPCI International Payments Limited (NIPL) – the international arm of the National Payments Corporation of India and NTT DATA Japan, a leading IT and business…
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) approved a set of landmark reforms at its 238th meeting held in New Delhi on October 13, according to the Ministry of Labour and Employment. The meeting was chaired by Union Minister for Labour and Employment, Dr Mansukh Mandaviya and attended by…