News

Post Office Schemes like PPF & MIS to Offer Better Returns from April 1st 2012

Post Office Small Saving Schemes

There is a good news for millions of small investors in India as they will be able to earn more from popular post office schemes like Public Provident Fund (PPF) and Monthly Income Schemes (MIS). The government has raised interest rates on these investments by up to 0.5 per cent and this comes into effect from 01 April, 2012. As you might already know, the interest rates on EPF (Employee Provident Fund) was decreased by the govternment and to make up for it, the returns […]

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Finally, Indian Rupee gets the currency symbol

rupee new currency symbol final

Some days back we updated you about the final 5 in the race for being the Symbol for Indian Rupee, in which the final was to be decided by the Indian Cabinet. The final 5 were decided out of the 30k design entries received for the Rupee symbol design competition hosted by the Indian Government. The final verdict has been announced by the jury and finally, the Indian Rupee has got the new Currency Symbol. It resembles the English letter ‘R’ with its left vertical […]

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Short-listed entries for Indian Rupee symbol – Final to be decided

indian-rupee-symbol-finalists

Long time ago in August 2009, we had informed you that Indian government has decided to have a symbol for Indian Rupee. In this regards, Indian government invited designs from the Indian public which had to be judged for the final choice. The good news is that 5 symbols have been shortlisted and one among them will be destined to become the Indian Rupee symbol, just like we have for US dollar($), Euro(€) and British Pound( £). On the contrary, a somewhat bad news is […]

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NEFT Transaction Fees waived off by ICICI Bank

ICICI bank

Some time bank when all the banks introduced the levy of the NEFT (National Electronic Funds Transfer) Transaction Fees, the India’s 2nd largest bank ICICI Bank also joined the race by charging the fees. But in the latest announcement from the bank, ICICI bank has withdrawn the NEFT transaction charges. The fees levied on the online transactions was not considered to be a good move as millions of people use the Internet banking facility which in turn, eliminates the long queues in the bank branches. […]

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