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Centre clarifies pension rules: No cut after retirement, last working day to decide benefits

BUSINESS

Centre clarifies pension rules: No cut after retirement, last working day to decide benefits

In a recent clarification, the DoPPW explained the significance of the last working day for a government employee in determining pension entitlement.

Sovereign Gold Bond 2017-18 Series-VI matures; RBI fixes final redemption price, investors set for massive gains

BUSINESS

Sovereign Gold Bond 2017-18 Series-VI matures; RBI fixes final redemption price, investors set for massive gains

For this tranche, prices from October 31, November 3, and November 4, 2025, were averaged to arrive at the final redemption rate of Rs12,066 per gram.

287% absolute return in SGB: RBI announces redemption price for the Sovereign Gold Bond 2018-19 Series-I; check details

BUSINESS

287% absolute return in SGB: RBI announces redemption price for the Sovereign Gold Bond 2018-19 Series-I; check details

For this tranche, the average was calculated using gold prices from October 30, October 31, and November 3, 2025, resulting in the redemption rate of Rs12,039 per gram.

Sovereign Gold Bond 2019-20 Series-VI: RBI announces redemption price, investors to get 213% absolute return

BUSINESS

Sovereign Gold Bond 2019-20 Series-VI: RBI announces redemption price, investors to get 213% absolute return

Eligible investors will be able to redeem their bonds on October 30, 2025, marking five years since the bond's original issue date of October 30, 2019.

From bank nominations to credit card fees: All about key financial changes taking effect from November 1

BUSINESS

From bank nominations to credit card fees: All about key financial changes taking effect from November 1

From multiple nominations for bank deposits to revised SBI Card charges and fresh deadlines for pensioners, the new month brings a flurry of updates that every consumer should be aware of.

A train ride could earn you Rs 14,000: Viral tweet on silver price gap sparks debate

BUSINESS

A train ride could earn you Rs 14,000: Viral tweet on silver price gap sparks debate

Food creator Nalini’s viral post comparing silver prices in two cities highlights how wide regional gaps — and sharp public curiosity — are reshaping conversations around precious metal pricing.

HDFC Mutual Fund temporarily restricts subscriptions in Silver ETF Fund of Fund

BUSINESS

HDFC Mutual Fund temporarily restricts subscriptions in Silver ETF Fund of Fund

Amid volatility in silver prices; HDFC MF has restricted new lump-sum and systematic registrations capped at Rs1 lakh per PAN per day.

ChatGPT to make payments soon! NPCI partners with AI platform for UPI payments

BUSINESS

ChatGPT to make payments soon! NPCI partners with AI platform for UPI payments

The feature has entered the trial phase, with BigBasket becoming the first platform to support this integration.

Kotak Mahindra AMC launches Kotak Gold Silver Passive FoF: A festive season pick for smart investors

BUSINESS

Kotak Mahindra AMC launches Kotak Gold Silver Passive FoF: A festive season pick for smart investors

The scheme opens for public subscription on 6th October, 2025 and closes on 20th October, 2025. Investors can invest a minimum amount of Rs 100 and any amount thereafter.

Bank holidays from 6-11 October: Banks to remain closed on THESE days this week; check full schedule

BUSINESS

Bank holidays from 6-11 October: Banks to remain closed on THESE days this week; check full schedule

According to RBI Holiday calendar, bank holidays are marked under Negotiable Instruments Act, ie these holidays can vary from region to region.

From gold loans to EMIs: RBI’s fresh rules every borrower must know from Oct 1

BUSINESS

From gold loans to EMIs: RBI’s fresh rules every borrower must know from Oct 1

In an official statement on Monday, the RBI stated, "RBI has today issued seven Directions/Circulars, proposing to amend some of the extant Directions/Circulars applicable to banks and other regulated entities".

Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh

BUSINESS

Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh

Governor Sanjay Malhotra announced that the repo rate remains unchanged at 5.5% and said the regulatory ceiling on lending against listed debt securities will be removed, making it easier for investors to access credit.

Bank holidays in October 2025: Check out state-wise list of festival closures across India here

BUSINESS

Bank holidays in October 2025: Check out state-wise list of festival closures across India here

Tata AIG insurance suspends cashless claim settlement at Max Hospitals

BUSINESS

Tata AIG insurance suspends cashless claim settlement at Max Hospitals

Tata AIG insurance has become the third insurer to suspend cashless claim services with Max Hospitals

Interior decorator loses Rs 97 lakh in Thane: How to avoid falling prey to loan scams

BUSINESS

Interior decorator loses Rs 97 lakh in Thane: How to avoid falling prey to loan scams

The 45-year-old victim, a resident of Badlapur area of Maharashtra's Thane district, was promised a business loan of Rs 2.75 crore from funds under the Corporate Social Responsibility (CSR).

SBI Mutual Fund launches Magnum Hybrid Long Short Fund under new SIF framework

BUSINESS

SBI Mutual Fund launches Magnum Hybrid Long Short Fund under new SIF framework

The Magnum Hybrid Long-Short Fund allows daily subscriptions, while redemptions are available twice a week (Mondays and Thursdays). The minimum application amount is ₹10 lakh, with a minimum additional purchase amount of ₹10,000.

UPI goes live in Qatar: From duty-free to tourist hotspots, UPI payments now accepted in Qatar

BUSINESS

UPI goes live in Qatar: From duty-free to tourist hotspots, UPI payments now accepted in Qatar

The move is expected to benefit Qatar's retail and tourism sectors as UPI acceptance will increase transaction volumes of merchants acquired by QNB.

IDBI bank extends Utsav FD, revises interest rates: Seniors can earn up to 7.30%

BUSINESS

IDBI bank extends Utsav FD, revises interest rates: Seniors can earn up to 7.30%

The bank has also rolled out exclusive “Chiranjeevi FDs” for super senior citizens aged 80 and above, with returns going up to 7.30%. The revised rates are effective from September 19, 2025.

Facing trouble submitting UPS form online? PFRDA issues fresh guidelines | Unified Pension Scheme

BUSINESS

Facing trouble submitting UPS form online? PFRDA issues fresh guidelines | Unified Pension Scheme

According to the Ministry of Finance, even eligible past retirees under NPS can exercise this option. But they must do so by the September 30 deadline.

Sovereign Gold Bonds: RBI announces early redemption for another SGB series; investors to get 183% return

BUSINESS

Sovereign Gold Bonds: RBI announces early redemption for another SGB series; investors to get 183% return

Subscriptions for this 2019–20 Series-IV-Issue tranche were accepted from September 9–September 13, 2019. September 17, 2019 was the date of the bonds' issuance.

'Would put him in cabinet, but don't know...': Here's Donald Trump's latest idea on Elon Musk

WORLD

'Would put him in cabinet, but don't know...': Here's Donald Trump's latest idea on Elon Musk

"He wants to be involved now. Look, he's running big businesses and all that, so he can't really. I don't think he'd be [able to handle the work of the cabinet]. I'd put him in the cabinet, absolutely. But I don't know how he could do that with all the things he's got going," Trump said.

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