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In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022, with tenors of up to three years at the repo rate.
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Fixed deposits: Interest rates on FDs are almost always higher than savings accounts
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NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary, and pension.
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Under G-SAP 1.0, the central bank will purchase Rs 1 lakh crore-worth government securities, and the last transaction of such acquisition to the tune of Rs 40,000 crore is scheduled for June 17.
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The RBI Governor said the RBI will "continue to think and act out of the box", planning for the worst and hoping for the best.
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Buying a house is one of the biggest financial decisions and one should not rush through the decision-making process
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RBI has announced G-sec Acquisition Programme (G-SAP) 2.0 which will help in calming yields and control undue volatility faced by market participants in the government securities market.
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MPC decided to maintain the status quo, that is keeping the benchmark repurchase (repo) rate at 4%.
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The RBI has kept repo rate, the rate of interest at which commercial banks borrow money from the central bank, at 4% for the last five bi-monthly meetings of the MPC
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SBI has come up with a series of digital banking services to provide a hassle-free and risk-free experience for all its customers. Online nominee registration is the latest to join the list