FCNR(B) FDs: NRIs and OCIs offered up to 7.50% on select tenures by multiple banks
Government backing for FCNR(B) deposits has unlocked higher rates for Non-Resident Indians, Overseas Citizens of India and Persons of Indian Origin. Banks are now advertising elevated returns on 3- to 5-year FD tenures in foreign currencies, led by USD deposits and backed by a guarantee that hedging costs will be borne until September 30, 2026.
Govt outlines four EPFO steps to clear pending higher-pension claims under EPS
The Union government has detailed four major steps undertaken by the Employees’ Provident Fund Organisation to resolve pending higher-pension applications under the Employees’ Pension Scheme. The measures follow a Supreme Court ruling and are aimed at speeding verification, enabling online options, directing regional offices, and maintaining ongoing monitoring, while noting no nationwide deadline has been set.
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