2.5 lakh investors got their money back

Investors of Sahara Group have started getting their stuck money back. Giving information about this, Home Minister Amit Shah himself said that till now about 2.5 lakh small investors have got back Rs 241 crore. The work which was started through Sahara Refund Portal, now refunds have started through the same.

Registration of 1.5 crore people

So far, 1.5 crore people have registered through Sahara Refund Portal. Last year, Amit Shah had launched the CRCS-Sahara Refund Portal. Deposit holders who have applied through this portal are being given their refund in installments. If you have not applied yet, then apply immediately and get back the money stuck in Sahara fund.

How to apply 

• Go to CRCS-Sahara Refund Portal
• Get registered by visiting  CRCS-Sahara Refund Portal ( https://mocrefund.crcs.gov.in/Depositor/Register ).
• Fill the OTP by entering the last four numbers of Aadhaar and your mobile number linked to Aadhaar.
• After this you will get the form, download it
• After downloading the offline form, it will have to be filled, scanned and uploaded again on the portal.
• Membership number of investment in Sahara will have to be given.
• After checking the details given by you, your money will be sent to your bank account in 45 days.

The post Sahara Refund: Govt has refunded ₹241 cr to 2.5 lakh investors of Sahara cooperatives first appeared on Rightsofemployees.com.

Federal Bank has made its customers happy by increasing the limit of their FDs. Federal Bank has increased the interest rates on FDs below Rs 2 crore. Federal Bank has announced a hike of 77 basis points in interest rates. According to Federal Bank, these increased rates will be valid only for a short time.

New FD interest rates of Federal Bank

Federal Bank is offering 3 percent interest rate on FDs maturing in 7 to 29 days and 3.25 percent on FDs maturing in 30 to 45 days. According to the bank’s website, it is paying 4.00 per cent interest on FDs maturing in 46 days to 60 days and 4.75 per cent interest on FDs maturing between 61 days to 90 days. 4.75 per cent on FDs maturing in 91 to 119 days.

Interest will be given at the rate of %. Those maturing in the next 120 to 180 days will now get interest at the rate of 5%. The bank is offering an interest rate of 5.75 percent on FDs maturing in the next 181 days to 270 days and 6 percent on FDs maturing in less than a year from the next 271 days.

Now these will be the new rates

Federal Bank is now offering an interest rate of 6.80 per cent on FDs maturing in 1 year to less than 15 months and 7.25 per cent on FDs maturing in 15 months to 2 years. FDs of more than two years and less than three years will now get interest at the rate of 6.75 percent. Maturity FDs of three years to less than five years will now get interest at the rate of 6.60 percent. The bank is offering an interest rate of 6.60 percent on FDs with a period of 5 years and above.

How much interest is being received on savings account

The bank is also offering an interest rate of up to 7.15 per cent on its savings account. According to the Federal Bank website, the interest rate is linked to the repo rate, so whenever the RBI changes the repo rate, that bank will also change the FD interest rates.

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