Post office bank account: India Post provides a range of services such as mail delivery, deposits under government-run small savings schemes and bill collection. India Post Payments Bank (IPPB) offers savings and current accounts, money transfer and direct benefit transfer services as well as bill/utility payments.
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Top lenders such as State Bank of India (SBI), HDFC Bank and ICICI Bank, among others, offer fixed deposits.
Domestic stock markets closed around 1.3 per cent higher on Wednesday, breaking a three-day losing streak. The S&P BSE Sensex rose 489.80 points to settle at 39,054.68, and the NSE Nifty ended at 11,726.15, up 150.20 points from the previous close. Strong buying interest in banking, financial services, IT and energy stocks pushed the benchmark inde...
Strong buying interest in banking, financial services, IT and energy stocks in afternoon deals pushed the benchmark equity indexes higher. Oil & gas shares such as Indian Oil, Bharat Petroleum and ONGC jumped as crude oil prices eased from 2019 highs. Analysts expect volatility to continue in the domestic equity markets going forward.
The Reserve Bank of India (RBI) set a premium of Rs 8.38 at the three-year buy-sell swap auction and accepted the entire planned $5 billion up on offer.
Indian equity benchmarks erased gains as banking stocks like HDFC Bank, IndusInd Bank, State Bank of India and Yes Bank came under selling pressure.
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