Personal Finance News

Indian banks are offering up to 7.1% on five-year dollar deposits for NRIs, compared with about 4.3% on US Treasury notes, as the RBI seeks to attract $35-40 billion in foreign-currency inflows.

HDFC Bank has increased MCLR rates by up to 10 basis points on select tenures. The move may lead to higher EMIs for some borrowers, while the bank's base rate and BPLR remain unchanged.

The finance ministry has suggested to the PMO to increase the bank deposit insurance cover to ₹7.5 lakh against the existing ₹5 lakh, the first such increase since 2020. The move is aimed at strengthening depositor confidence amid concerns over the health of smaller co-operative lenders. Read ahead to know more.

Overseas travel spending by Indians fell 16% to $1.09 billion in March 2026 from $1.31 billion in February, as the US-Iran war triggered airspace closures across West Asia and disrupted outbound travel demand.