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What is a Standing Deposit Facility (SDF), SDF rate and How Does It Work?

SDF full form is Standing Deposit Facility (SDF) is a monetary policy tool introduced by the Reserve Bank of India (RBI) on April 8, 2022, to absorb excess liquidity from the banking system. SDF allows banks to temporarily deposit their surplus funds with the RBI without any collateral and earn an interest rate on it. However, why does our economy need a facility like SDF? In this blog, we will share all the basics surrounding the Standing Deposit facility, the SDF rate, and the need for SDF for liquidity management in the nation.

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General Provident Fund: Meaning, Rules, and Interest Rates- 2023

Are you a government employee worried about securing your financial future post-retirement? If so, let’s explore the basics of the General Provident Fund (GPF), an exclusive savings scheme tailored for individuals like you. Similar to the Public Provident Fund (PPF), the GPF allows government workers in India to contribute a specified percentage of their salary, fostering a joint effort between the employee and the government. The primary objective of the General Provident Fund is to establish a dependable source of retirement income for government employees.

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In the current era, where almost every aspect has transitioned to the digital platform, the issue of digital security is a growing concern. Given the ongoing cyberattacks and phishing attempts, adopting security measures like 2FA has become imperative. However, you might be wondering what it is, how it works, and what the benefits of two-factor authentication are.