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Daily India money news — RBI, banks, markets, tax and small-savings. Short and to the point.
FD rate gap widens: small finance banks at 8.10% vs SBI's 6.45% top rate
Suryoday and Utkarsh Small Finance Banks are offering up to 8.10% on FDs in July 2026, nearly 1.7 percentage points above SBI's best rate of 6.45%. Here's what the higher rate actually costs you in risk.
Redeeming a Sovereign Gold Bond early? Budget 2026 may have made your gains taxable
SGB tranches from 2019-21 are hitting their 5-year premature redemption window right through July-September 2026 — but a Budget 2026 change means the old blanket tax exemption no longer covers everyone who exits early.
RBI's new Ombudsman Scheme is live — banks can now be made to pay up to ₹30 lakh
The Reserve Bank of India's revamped Integrated Ombudsman Scheme took effect on 1 July 2026, raising compensation limits and cutting the complaint window to 90 days. Here's how to actually use it.
RBI lifts rate cap on FCNR(B) and NRE deposits — window closes 30 September
Banks can now price 3-5 year FCNR(B) and NRE deposits without RBI's ceiling, and rates have jumped from ~4% to as high as 7.5%. The relaxation is temporary — here's what NRIs should check before locking in.
RBI's new loan-against-shares limit kicks in — individuals can now borrow up to ₹1 crore
From 1 July 2026, RBI's revised Capital Market Exposure rules raise the system-wide cap on loans against shares and mutual funds for individuals from ₹20 lakh to ₹1 crore, with fresh LTV limits by security type.
EPFO keeps EPF interest at 8.25% for FY 2025-26 — here's when it hits your account
The Central Board of Trustees' rate has finance ministry concurrence and an EPFO circular dated 1 July 2026. Here's the timeline and how to check your passbook.
RBI's weekly credit reporting rule kicks in — your CIBIL score can now change 4 times a month
From 1 July 2026, banks and NBFCs must send borrower repayment data to credit bureaus every week instead of fortnightly, meaning credit scores update faster — for better and for worse.
HDFC and SBI tighten credit card lounge access and reward rules from July 1
HDFC Regalia Gold and Diners Club Privilege now need ₹60,000 quarterly spend for domestic lounge access. SBI's PhonePe co-brand cards get reward-point cuts. What changed and how to stay eligible.
RBI finalises anti-mis-selling rules: banks must refund and compensate from 1 January 2027
The Reserve Bank of India has finalised new Responsible Business Conduct directions banning dark patterns and forced bundling, and making banks refund and compensate customers for mis-sold products. Effective 1 January 2027.
Small savings rates unchanged for July–September 2026: PPF stays at 7.1%, SCSS and SSY at 8.2%
The Ministry of Finance has kept interest rates on all small savings schemes flat for Q2 FY27. Here are the latest rates for PPF, SCSS, SSY, NSC, KVP and POMIS.
ITR filing AY 2026-27: file before 31 July or lose the old regime
The new staggered ITR calendar plus a costly catch — file a belated return and you are locked into the new tax regime, losing HRA, 80C and every old-regime deduction.