RBI authorises Karur Vysya Bank to collect direct taxes

RBI authorises Karur Vysya Bank to collect direct taxes

RBI authorises Karur Vysya Bank to collect direct taxesOct 12, 2021, 08:43 PM IST

After the integration process is over, customers would be able to remit direct taxes via any branch or via net banking or DLite Mobile application.

Bank FD to fetch negative real interest with elevated inflationOct 12, 2021, 06:22 PM IST

Last week, the RBI said that the Consumer Price Index (CPI)-based inflation is now projected to be at 5.3 per cent for 2021-22 with risks evenly balanced. At this level, the fixed deposit for one year with the country's largest lender State Bank of India (SBI) would rather earn negative interest. The real interest rate would be (-) 0.3 per cent for the saver.

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