Bank New FD Interest Rate: This bank raised their FD interest rate; see the most recent amount

 Bank New FD Interest Rate: This bank raised their FD interest rate; see the most recent amount

Bank New FD Interest Rate: The clients of this bank have received a gift. The bank raised the interest rates on FDs once again. The interest rate on FDs with a duration of three years or more but less than four years has been raised by 0.50 percent by Kotak Bank. In parallel, there has been a 0.75 percent rise in the interest rate on FDs with terms longer than four but less than five years.

Kotak Mahindra Bank: The bank has presented its clients with a gift. The bank raised the interest rates on FDs once again. The interest rate on FDs with a duration of three years or more but less than four years has been raised by 0.50 percent by Kotak Bank. In parallel, there has been a 0.75 percent rise in the interest rate on FDs with terms longer than four but less than five years. This interest rate modification on FD is effective as of today, December 11, 2023, according to Kotak Bank.

Bank offers FD for at least seven days.

The interest rates that the bank is now giving range from 2.75 percent to 6.20 percent. The bank offers FDs with terms ranging from seven days to ten years. For regular consumers, Kotak Bank is giving a maximum interest rate of 7.25 percent; for senior people, it is 7.75 percent.

These are Kotak Bank's updated rates.

7 to 14 days: 2.75 percent for the general public and 3.25 percent for elderly persons

15 to 30 days: 3.50 percent for older persons; 0.00 percent for the general public

31 to 45 days: 3.25 percent for the general public and 3.75 percent for elderly persons

46 days to 90 days: 3.50 percent for the general public and 4.00 percent for senior citizens

91 days to 120 days: 4.00 percent for the general public; 4.50 percent for senior people; 121 days to 179 days: 4.25 percent for the general public; 4.75 percent for senior persons

180 days 7 percent for the general population and 7.50 percent for older persons

181 days to 269 days: 6% for the general public, 6% for senior citizens 270 days: 6% for the general public, 6% for senior citizens 271 days to 363 days: 6% for the general public, 6% for senior citizens 364 days: 6% for the general public, 7% for senior citizens

390 days (12 months and 25 days) 365 days to 389 days: 7.10 percent for the general population and 7.60 percent for senior persons - 7.15 percent for the general population and 7.65 percent for older adults

391 days to less than 23 months: 7.20 percent for the general public; 7.70 percent for senior citizens; 23 months: 7.25 percent for the general public; 7.75 percent for senior people

23 months, 1 day, and under 2 years - 7.25 percent for the general public and 7.75 percent for older persons

2 years to less than 3 years: 7.10 percent for the general population and 7.60 percent for elderly adults

3 years or longer but less than 4 years: 7% of the overall population; 7.60% of elderly persons

four years or longer, but not more than five 7 percent for the general population and 7.50 percent for older persons

five years and beyond, including ten years 6.20 percent for the general population and 6.70 percent for older persons.

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Recent Gold Price: Exciting News! Significant decrease in the cost of gold and silver after a record increase; see the most recent price for 10 grams

Gold Rate Today: As we enter a new week, the price of gold has decreased. Ten grams of 24 carat gold now cost Rs 800 instead of Rs 500. In addition, the price of 22 carat gold has dropped by Rs 500 from Friday's closing value. In most places, the price of gold is less than Rs 63,000. Silver is now selling for around Rs 76,000.

Price of gold on December 12, 2023

Delhi's gold rate

In Delhi, ten kilos of 22 carat gold cost Rs 57,300. Customers would pay Rs 62500 for 10 grams for 24 carat.

Mumbai's gold rate

In other parts of the nation, 22 carat gold retails for Rs 57,150 in Ahmedabad, Gujarat, while 24 carat gold costs Rs 62,350 per 10 kg.

Chennai's gold rate

Ten grams of 22 carat gold cost Rs 57,6500 in Chennai. In Chennai, the capital of Tamil Nadu, ten kilos of 24 carat gold sell for Rs 62,890.

On December 12, 2023, the gold rate in the nation's major cities was as follows.

City's gold rate for 22 carats and 24 carats

Ahmedabad 62,400, 57,200

62,500 Gurugram 57,300

Kolkata 62,350 57,150

62,500; Lucknow 57,300

Bangalore 62,350 57,150

62,500 Jaipur 57,300

Patna 56,200, 62,400

52,350 Bhubaneswar 57,150

Bangalore 57,150,62,350

 

These factors determine the price of gold.

The market's supply and demand for gold determine the price of the metal in considerable part. The rate will rise along with the demand for gold. The price of gold will drop as its supply grows. Global economic factors can have an impact on the price of gold. For instance, investors would turn to gold as a secure investment alternative if the global economy is underperforming. The price of gold will rise as a result.

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SIP New Update: SEBI Chief Madhabi Puri Buch informed the plan that SIP will only cost Rs 250

According to SEBI Chairperson Madhabi Puri Buch, plans are on for the capital markets regulator to launch SIP at a rate of Rs 250. In this context, discussions are underway with mutual fund firms. We're attempting to collaborate with mutual fund companies to see how we might begin making SIP investments with as little as Rs 250 a month.

Financial inclusion will rise with mutual fund small-scale systematic investment plans (SIPs). This will provide a solid basis for further expansion. These statements have been made by SEBI Chairperson Madhabi Puri Buch. He said at a gathering that the Capital Markets Regulator is developing a scheme to launch SIP at Rs 250. In this context, discussions are underway with mutual fund firms. He said that we are working with mutual fund companies to determine how to begin offering the option to invest in SIPs starting at Rs 250 per month. This reminds me of the work Hindustan Unilever done with the sachets of shampoo. Financial inclusion will rise as a result. Additionally, this will support the growth of our market. The idea of consistent investing is the foundation of SIP.

Advantages of SIP

Recurring deposits at banks are similar to SIPs. The investor contributes a little amount each month to this. In this, the investor uses the mutual fund system to make monthly or quarterly investments rather than a single sum one. The total asset under management (AUM) of the mutual fund sector in India had reached Rs 50 lakh crore at the time of Buch's remark. The mutual fund industry's AUM hit Rs 49.04 lakh crore in November, according to AMFI statistics. The mutual fund industry's AUM increased as a result of rising stock markets. The major stock market indexes are at record highs.

The domestic stock market is expected to gain momentum.

A few mutual fund companies allow you to begin a systematic investment plan (SIP) for as little as Rs 100. However, this is a somewhat restricted choice, since they cannot realistically begin a SIP with this amount. Buch made special notice of how the stock market would rise if SIPs are started with less sums. He described how, in the past one to two years, local investors prevented the Indian market from collapsing amid the global crisis. He said, "Indian markets have shown great resilience, unlike other emerging markets."

The stock market was spared a decline thanks to domestic investment.

"Retail money that supported the Indian markets was the reason for their resilience," he said. This money entered the market via mutual funds as well as direct investments made by individual individuals. People who were concerned about the underwhelming performance of the main Indian market indexes gathered here. They came back here for fear of losing out on the chance to make bigger profits. Consequently, there were two effects from our domestic investment and retail flows. Buch said that investors with a greater stomach for risk are the target market for a new asset class that SEBI is investigating.

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Reservation Policy for Indian Railways: Do you also have a seat in the RAC and do you know whether you will obtain it or not?

Indian Railways: Train passengers should take note of some vital news. if you want to take the train as well. Do you understand what this RAC signifies if your ticket is RAC as well? Furthermore, where will the passenger on the top side sit if there is a lower RAC seat available for two people?

Indian Railways: There are certain new regulations that you need to know about if you're taking a train trip. The train often undergoes alterations. Regarding train seats, there are a lot of disagreements. The Railways have also created seat-related regulations in order to accomplish this. There is a regulation in this even for sleeping. When are the passengers going to get any sleep? When are you going to take a seat? This is subject to a regulation. In the same way, where will the passenger on the upper side sit if there are two people in the RAC seat and two people in the lower side berth?

Although you may have encountered similar issues in the past, it is crucial to understand these railroad regulations. To begin with, what is RAC and when is it issued in relation to this? It is important to have comprehensive knowledge about this.

Understand what RAC is.

RAC stands for Reservation Against Cancellation in its entirety. This implies that you will get the complete seat in the event that someone else's ticket is canceled. However, you will just be given a spot to sit till then. We would want to inform you that two people must occupy one seat in the event of a RAC. A sleeping seat is not awarded to someone with RAC status. When two passengers are assigned to a seat and one cancels, the other passenger is assigned to the full seat.

How do travelers proceed if there is a waiting list?

Let us clarify that this occurs solely in the presence of RAC. if the pending status for your ticket is shown. The reserve compartment is then unavailable for use. You will need to board the train in the general cabin in this case.

The individual on the side above should sit where?

When there are two passengers on the seat below who have RAC tickets, where would the side confirmed upper berth passenger sit? The complexity of this subject often causes even TTEs to get anxious. The pair of individuals that received RAC. They've taken a seat already. It is difficult for a third individual to occupy the seat under such circumstances.

The RAC member on the bottom side will need to make adjustments with one another in this scenario. Depending on their berth number, the person on the side above will seat below. The upper berth passenger may use the bottom seat from 6 a.m. to 10 p.m. if he would want to sit down. Railways hasn't released any guidelines, however. It is anticipated that the passengers would act kindly toward one another and make amends when such an issue occurs.

Where in the sleeping class is the RAC seat?

All coaches in the sleeping class now have side lower seats alone. RAC has reserved seven of its seats. These can carry up to 14 people in total. We would like to inform you that there are two seats available on the bottom side. You may combine the two tickets to create a sleeper seat in the event that someone's reservation is canceled.

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Toll Plaza Tax: These individuals may now go anywhere in the nation without having to pay toll taxes

Toll Plaza Tax: This kind of vehicle is present across the nation. those who are exempt from paying a toll. Regarding this, a list has been made public by the Transport Ministry. This involves around twenty-five individuals. those who are exempt from paying toll taxes. On the other hand, if the toll plaza's service wait time exceeds 10 seconds. You can go on in this scenario without having to pay taxes.

Toll Plaza Tax: Everyone is rushing about in today's hectic world. On the roadways, traffic congestion also trap people. The traffic bottlenecks at toll plazas also cause a lot of people's problems. Some individuals also have issues with the toll fee. You may have sometimes seen a car driving away without paying the toll. You may be asking which cars are exempt from toll taxes in such a scenario. Who doesn't have to pay toll tax, after all? The Transport Ministry has released a list in relation to this. This involves around twenty-five individuals. those who are exempt from paying toll taxes.

Allow us to inform you that road building is funded in part by toll taxes, with vehicle safety in mind. The National Highway Authority of India (NHAI) is in charge of it. The Indian government used Fastag, a cashless method of payment for toll-road traffic, to collect toll.

There is no toll tax due for these individuals.

Many citizens of the nation are exempt from paying toll taxes. These include the Speaker of the Lok Sabha, the Chief Justice of India, the President, the Vice President, the Prime Minister, the Governor of any state, the Chief Justice of India, the Cabinet Minister, the Chief Minister of any state, the Judge of the Supreme Court, the Minister of State of the Union, and the Lieutenant of Union Territory. They include the cars of the Chief Secretary to the State Government, Secretary to the Government of India, Secretaries to the Council of States, Speaker of the Legislative Assembly of a State, Chief Justice, Judge, and Parliamentarian of the High Court; additionally, they include the Army Commander of the Chief of Army Staff and equivalent in other services; and governors.

They also get a discount.

Executive judges, fire departments, state and central armed forces in uniform, police, paramilitary forces, and funeral vehicles are exempt from paying toll taxes. Aside from this, if they present their identification card issued by the relevant State Legislature, foreign dignitaries on state visits, members of the Legislative Assembly of any State, and members of the Legislative Council of any State inside their respective State are exempt from paying toll taxes. As.

The National Highway Authority of India (NHAI) published guidelines two years ago stating that every toll plaza in India should have a maximum service time of 10 seconds for cars. In addition, the service time shall not exceed 10 seconds based on this guideline, regardless of the volume of traffic at the toll plaza.

Understand the duration of the service.

Service time is the amount of time the car needs to travel after the toll booth has been paid. This rule's goal is to cut down on how long cars spend at the toll booth. The length of the vehicle queue at the toll plaza is now limited to 100 meters under this new regulation.