Revision of Interest Rates: The Ministry of Finance (MOF) has issued an announcement vide F.No.1/4/2019-NS regarding the revision of interest rates for the small savings scheme for the fourth quarter of FY 2022 – 2023. Old Interest Rates Currently, the interest rates for Particulars Interest rates till 31st Dec 2022 Saving Deposit 4.0 1-Year Time […]
ED raids underway on 02.09.2022 at 06 premises in Bengaluru, in respect to an investigation relating to the Chinese Loan App Case. The Enforcement Directorate (ED) has been carrying out search operations under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 on 02.09.2022 at 06 premises in Bengaluru, in respect to an […]
Restoration of Old Pension Scheme There is no proposal to (Restoration of Old Pension Scheme) reintroduce old pension scheme to Central Government civil employees joined on or after 01.01.2004 under consideration of Government of India. The National Pension System (NPS) was introduced for Central Government employees w.e.f. 01.01.2004 vide Ministry of Finance (Department of Economic […]
Today we will understand the term of Financial Frauds “Phishing links”. How Fraudsters operate via “Phishing links” to do frauds. Modus Operandi Fraudsters create a third-party phishing website which looks like an existing genuine website, such as – a bank’s website or an e-commerce website or a search engine, etc. Links to these websites are […]
RBI to Introduce Digital Rupee using Blockchain and other Technologies starting 2022-23 The Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman today announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23. Presenting the Union Budget 2022-23 in the Parliament here today, the Finance Minister said that […]