Daily Archives: May 28, 2021

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Investors in Sovereign Gold Bonds (SGB) 2015 to collect bumper returns

Investments & InsuranceBy Surendra Naik May 28, 2021

The RBI, in a statement yesterday, said the redemption price for the early redemption of SGB tranche-1 due on May 30 shall be ₹4,837 per unit of SGB and payable on May 29 (May 30, 2021, is Sunday). This translates into an appreciation of about 80 percent over the issue price of ₹2,684 per unit…

What is Unstructured Supplementary Services Data or USSD?

Information TechnologyBy Surendra Naik May 28, 2021

The state-of-the-art payment service *99# works on the Unstructured Supplementary Service Data (USSD) channel. This service allows mobile banking transactions using the basic feature of mobile phones, there is no need to have a mobile internet data facility for using USSD based mobile banking. The above service is intended to take the banking services to…