How to Claim Unclaimed Money in SBI FD, RD, or Savings Account Have unclaimed money in your FD, RD, or savings account with State Bank of India (SBI)? In this article, we will explain the process of claiming these deposits and provide valuable information to help SBI customers recover their unclaimed funds. Unclaimed Deposits From SBI | FD, RD, Saving Account Understanding Unclaimed Deposits from SBI After a period of inactivity or maturity, balances in […]

Indian banks are facing liquidity constraints and are turning to certificates of deposit (CDs) as a solution for their short-term funding requirements. According to a report by Reuters, December is expected to witness the highest issuance of CDs since March. In November alone, banks raised ₹76,200 crore through the sale of CDs, marking the highest amount for this financial year, as reported by information provider Prime Database. Significant Increase in CD Fundraising in December As […]

Eligibility Criteria for Obtaining Registration as an IIIO Are you curious about the eligibility conditions for obtaining IIIO registration? If so, you’ve come to the right place. In this in-depth analysis, we’ll walk you through the crucial conditions needed to register as an International Financial Service Centre Insurance Intermediary Office (IIIO). Unincorporated Form: Specific Requirements in IFSC Setting up your presence in an International Financial Services Centre (IFSC) in an unincorporated form requires compliance with […]

How Some Firms Exploit a Loophole to Save Taxes with Keyman Insurance Understanding the Types of Life Insurance Policies Offered to Employees In the world of employment benefits, companies often provide various perks to retain top talent. Alongside employee stock options (Esops), bonuses, and health insurance, some employers also offer life insurance. Two common types of life insurance policies provided to employees are keyman life insurance and employer-employee (E-E) insurance. The Distinction Between Keyman Life […]

Insurance stocks fall up to 5% as IRDAI proposes a higher surrender value; here’s what it means In a consultation paper, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed a higher surrender value and lower charges for life insurance companies. As a result, insurance stocks have declined by up to 5 percent, counteracting the overall positive market trend. Decline in Insurance Stocks Max Financial Services saw the most significant decrease, dropping by […]