SBI Raises Interest Rates On Fixed Deposits (FDs). Details Here

SBI Raises Interest Rates On Fixed Deposits (FDs). Details Here

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The State Bank of India (SBI) raised the interest rates on fixed deposits (FDs) amounting to Rs. one crore and above as it prepares to raise the lending game after the government strengthened it with capital investment and the trauma of bad loans eased. SBI follows private sector lender Axis Bank, which raised deposit rates marginally last month in the first indication of rates hardening in the system as economic activity accelerates. Recently, credit ratings agency projected the FD rates of PSBs to increase in view of recapitalization. “We anticipate an imminent increase in competition for deposit mobilisation and an upward movement in deposit rates,” the rating agency said in the report,” said the ICRA report. Interest rates for customers with deposits of more than Rs. 1 crore would g
Soon, passports may not serve as address proof

Soon, passports may not serve as address proof

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NEW DELHI: Passports may no longer serve as a valid proof of address as the External Affairs Ministry has decided not to print the last page of the travel document with the address of the holder. The last page of the passport includes the father or legal guardian’s name, the names of the holder’s mother, spouse and their address. “As the last page of the passport would not be printed now, the passport holders with ECR (Emigration Check Required) status would be issued a passport with orange passport jacket and those with non-ECR status would continue to get a blue passport,” an MEA statement read. The recommendations of a three-member panel, comprising officials from the ministry of external affairs and the ministry of women and child development, were accepted and it was de
Google to test Bulletin app, allows anyone to share hyperlocal news

Google to test Bulletin app, allows anyone to share hyperlocal news

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Google is testing a new app called Bulletin that displays hyperlocal news. The app helps in creating and instantly publishing information about your neighbourhood. The Google Bulletin app will enable journalists and even regular citizens to build a story around an event using text, videos, snapshots, and more. Currently, the app is only available in Nashville and Oakland. In the Bulletin app, people can post images, texts, videos, directly from their phones. There is be no need for a setup, like a blog or a website, to post stories. Google has not revealed too many detailsabout the app but noted that Bulletin stories are public and can be accessed through Google Search, shared on social networks, or sent as links in emails and messaging apps. The app appears to be available fo
10 important things to know about Tax savings

10 important things to know about Tax savings

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As per the present income tax laws, under Section 80C of the income tax act, you can claim deduction for investments up to Rs 1.5 lakh in tax-saving fixed deposits. The amount so invested is to be deducted from gross total income to arrive at taxable income. Below are a few important points you should be aware of before investing in tax saving FDs. 1 . Only Individuals and HUFs can invest in tax saving fixed deposit(FD) scheme. 2. The FD can be placed with a minimum amount which varies from bank to bank. 3. These deposits have a lock-in period of 5 years. Premature withdrawals and loan against these FD’s are not allowed. 4. A person can invest in these FD’s through any public or private sector bank except for co-operative and rural banks. 5. Investment in Post Office Time Deposit o
Ways to save WhatsApp Stories to your phone

Ways to save WhatsApp Stories to your phone

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With this feature, you can upload either video or photo with or without a message in it. Also, it is end-to-end encrypted and gets deleted automatically after 24 hours. Adding to that, the user cannot download the video or the photos from Stories. If you want to download any of those, worry not. We have a solution for it. This article is all about guiding you to save the video or photos on your device using three methods. This method works on both Android (Marshmallow/Nougat) and iOS (10/11). Method 1: Check the hidden Whatsapp Statuses Folder Once you tap on the status, it gets downloaded to “.Statuses” folder on Android device. This folder basically exists to avoid the Whatsapp status image or video from getting saved in Gallery. In this case, you need to unhide the
89 per cent Indian respondents affected by frauds…

89 per cent Indian respondents affected by frauds…

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MUMBAI: India witnessed a significant increase in frauds with 89% of executives reporting that their companies were victim to at least one instance of fraud over the past 12 months, up from 68% in 2016, the Kroll Annual Fraud and Risk Report has revealed. Fraud, cyber, and security risks are at an all-time high, according to the senior corporate executives surveyed worldwide for the 2017/18 report. The proportion of executives globally reporting that their companies fell victim to at least one instance of fraud over the past 12 months increased to 84%, from 82% in the previous survey. India on its part, witnessed the highest incidence of fraud globally across three categories – Theft of physical asset or stock (40%), IP theft, piracy or counterfeiting (36%) and Corruption and bribery
Bitcoin ‘likely’ to collapse, but could last 100 yrs

Bitcoin ‘likely’ to collapse, but could last 100 yrs

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The fate bitcoin faces is a grim one, according to Nobel-prize winning economist Robert Shiller, who predicts the cryptocurrency will either implode or drag on, comparing it with the tulip craze of the 17th century. “It has no value at all unless there is some common consensus that it has value,” Shiller, who is also Yale professor, toldCNBC. The 2013 Nobel laureate in economics says while “other things like gold would at least have some value if people didn’t see it as an investment,” he doesn’t know “what to make of bitcoin ultimately.” In December, bitcoin saw a dramatic surge in its price, hitting new record highs every day and ultimately reaching $20,000. However, a plunge followed, with bitcoin now trading at around $12,000. “It reminds me of the Tulip mania in Holland in th
India aiming for 5 lakh Wi-Fi hotspots by 2018 end

India aiming for 5 lakh Wi-Fi hotspots by 2018 end

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In an interview to ET, telecom secretary Aruna Sundararajan talks about Bharat Net’s implementation, NTP and consolidation in the sector. How is the implementation of Bharat Net Phase 2 different from the phase 1, will it develop ahead of March 2019 deadline? The second phase in many ways will be a game changer, one because of the big Wi-Fi roll out that we are targeting, that is by the end of this year we should go up to 5 lakh Wi-Fi hotspots from 38,000. This means that literally every single village in India will have at least one Wi-Fi hotspot. The second will be the models of Tamil Nadu and Andhra Pradesh where you will be able to deliver high speed broadband through cable?, so you are finally going to see triple play and convergence of internet and cable. Traditionally, India has
Paytm Cash launched; spells the end of cashback transfers

Paytm Cash launched; spells the end of cashback transfers

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Aiming to enhance user engagements, Paytm has now brought 'Paytm Cash' that will eventually transform the existing cashback system on the mobile wallet platform - potentially preventing misuse of cashback offers. The new model is rolling out to replace future cashback and is designed to be accepted everywhere where you can currently pay using the Paytm app. However, it is worth noting that Paytm Cash is non-transferable in nature; it will be not transferred to other users of the app or to any bank account. The Paytm app for Android and iOS devices has been receiving a server-side update with a dedicated Paytm Cash tab under the Passbook option. This new tab will list the details about the cashback you've received through various online and offline deals. Previously, the app was jointly
SBI to raise Rs 20,000 cr for affordable housing, infra

SBI to raise Rs 20,000 cr for affordable housing, infra

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New Delhi, Jan 17: State Bank of India today said its board has given nod to raise Rs 20,000 crore for financing affordable housing and infrastructure projects through long- term bonds. “The executive committee of the Central Board in its meeting held today has inter alia approved, the proposal for issuance of long term bonds of Rs 20,000 crore for financing of infrastructure and affordable housing in domestic and overseas market in FY 2017-18 and FY 2018-19,” the country’s largest bank said in a BSE filing. The bank did not specify whether the borrowing would be in rupee denomination or foreign currency. Earlier this month, SBI had announced plans to raise up to USD 2 billion by issuing bonds in the US dollar or other convertible currency to fund overseas expansion. It had said th