Repo Rate is the rate at which Reserve Bank of India (RBI) lends to the banks. Whenever the banks have any shortage(money to lend) of funds they can borrow it from RBI.
If the repo rate is reduced, it will rate will help banks to get money at a cheaper rate.
According to Fidelity Investments, the nation’s largest IRA and 401(k) provider survey in USA, disappointing 40 percent of 20- to 40-year-olds had cashed out their 401(k) retirement savings when leaving a job.
If your changing jobs then better option is to rollover the current 401(k) retirement savings into a new tax-deferred retirement account.
ATM/Debit Card safety depends on where it is used. If it’s at a bank, an ATM is kind of safer than it is in a public place, such as a train station or a convenience store.
So, How safe is your ATM? While a breach is unlikely, it’s not unheard of – especially if you’re getting cash at a convenience store. But there are things you can do to protect yourself, according to money.cnn
Department of Posts and Centurion Bank of Punjab signed agreement to provide foreign exchange services to the public.
To start with project will offer forex services from 31 head post offices in 11 states. The project will facilitate both the encashment of foreign exchange and transfer of money in foreign currency. While the main foreign exchange business will be operated by the Centurion Bank of Punjab.