These rates will come into effect from September 22. Many items related to daily needs have now been brought under the scope of zero tax. From kitchen to study , food products like tax free ready to eat food, cheese, milk, roti, bread and pizza will now be tax free.

Apart from this, educational items such as pencil, eraser, cutter, notebook and globe have also been exempted from GST.

Relief for farmers too-

GST rates have been reduced on tractors and its parts. Now only 5% tax will be levied on tractors, which was 12% earlier.

Relief on medicines and health insurance- 33 life saving medicines have been exempted from GST. Also, health and life insurance policies will also not be taxed now.

Tax reduced on household items- Tax rate on many products such as bicycles, utensils, milk bottles, umbrellas, bamboo furniture, combs has been reduced from 12% to 5%. Whereas, GST rate on personal care products such as shampoo, soap, hair oil, face powder has been reduced from 18% to 5%.

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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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New Canara Bank FD Rates

Canara Bank is now offering an interest rate of 4% on deposits maturing between 7 to 45 days and 5.25% on deposits maturing between 46 and 90 days. Canara Bank is offering 5.5 per cent interest rate on deposits maturing in 91 to 179 days and 6.25 per cent interest on deposits maturing in 180 to 269 days.

These are the new interest rates of Canara Bank

Deposits maturing in 270 days to less than one year will now fetch 6.50 per cent interest rate. Deposits maturing in 1 year will now fetch 6.90 per cent interest rate, while deposits maturing in 444 days will fetch 7.25 per cent interest rate. Canara Bank is offering an interest rate of 6.90% on FDs maturing in a period of more than one year to less than two years.

It now guarantees an interest rate of 6.85% on FDs maturing in 3 years for two years or more. Canara Bank is now paying 6.80 per cent interest on deposits maturing in three years or more but less than five years. 6.70 percent interest will be given on FDs maturing in five years or more.

These are the rules of Canara Bank

Canara Bank is paying this interest on new and renewable FDs of less than Rs 2 crore. If you close your FD prematurely, there will be a penalty of 1.00% on it. According to the bank’s website, the bank is giving an additional interest of 0.60 per cent to super senior citizens i.e. people aged 80 years and above.

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The lending rate has been increased by 0.10% from the bank. PNB has changed the Marginal Cost of Lending Rates (Bandhan Bank MCLR) for its customers. From the side of the bank, it has been increased by 10 basis points i.e. 0.10 percent.

New rates will be applicable from tomorrow

According to the information given on the official website of the bank, the new MCLR rates of PNB will be applicable from March 1, 2023. The increase in MCLR will directly affect your loan taking. The effect of this will be that the EMI of the customers will increase. This change will affect both new and old customers.

These are the new rates:

According to the official website of PNB, the bank has increased the overnight MCLR from 7.90% to 8.00%. MCLR has been fixed at 8.10% for one month loan, 8.20% for 3 months and 8.40% for 6 months MCLR. The bank has fixed MCLR 8.50% on one year loan and 8.80% MCLR for three years.

Private sector’s leading Bandhan Bank has also increased the MCLR rate for customers. According to the official website of Bandhan Bank, the MCLR rate has been increased by up to 16 basis points.

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 Let us inform that from January 1, 2023, Shriram Finance has increased the interest rates by 5-30 basis points i.e. basis points. The revised rates will be applicable for tenures ranging from 12 months to 60 months. This NBFC is also paying an additional 0.25 percent interest on all renewals. Let us know what are the new rates-

Revised interest rates in Shriram Finance from January 1- 

Revised interest rates for senior citizens from January 1- 

Revised interest rates for women + senior citizens + renewals from January 1- 

For senior citizens of above age Shriram Finance gives additional interest of 0.5% per annum. NFBC company Shriram Finance also gives an additional 0.10 percent interest to women depositors, while giving an additional 0.25 percent interest on all renewals. 

Is it safe to invest in Shriram Finance FD?

Shriram Finance is an NBFC ie Non Banking Finance Company and a part of the Shriram Group. It is one of the largest NFBC in India. However, FDs offered by NBFCs are subject to instructions issued by RBI. These deposits do not get the benefit of deposit insurance guarantee of Rs 5 lakh offered by regular banks as per RBI regulations, so depositors should exercise caution before investing in FD schemes offered by NBFCs. 

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In a press release issued by the Chennai Division of Southern Railway, it was told that keeping in mind the upcoming festive season, the platform ticket price has been increased from Rs 10 to Rs 20 to avoid overcrowding. In the information given by the Southern Railway, it was also told that the new price will be effective from 1 October 2022 and will be effective till 31 January 2023.

That is, after the completion of the festive season by January 31, platform tickets will be available from February 1 at the old rate of Rs 10 only. Actually, the intention of the Railways is to send at least people on the platform these days.

The new rates will be applicable at these eight stations

The increase in platform tickets by the Southern Railway will be applicable at eight major stations of Chennai division. These stations include Chennai Central, Chennai Egmore, Tambaram, Katpadi, Changalpattu, Arakkonam, Tiruvallur and Avadi.

On the other hand, today Prime Minister Modi will flag off the country’s third Vande Bharat Express running between Ahmedabad and Mumbai from Ahmedabad. Let us tell you that the government has a plan to connect 75 cities of the country with Vande Bharat trains by August 15, 2023. Railway officials are working fast on this.

In the coming time, Railways is planning to replace Shatabdi, Jan Shatabdi and Intercity Express with Vande Bharat trains. With this, the journey will be completed in less time with the convenience of the passengers.

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