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Investors are increasingly favoring RBI's Floating Rate Bonds, a secure government-backed debt instrument, over traditional bank deposits and small-savings schemes. Offering an 8.05% return linked to the National Savings Certificate rate plus 35 basis points, these seven-year bonds provide a higher yield and hedge against rising interest rates.
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News and Media
HM Revenue & Customs Tax office apologised after an error in its checks led to payments being stopped.
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News and Media
Customers will see a significant increase in the amount of money protected if their bank collapses.
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News and Media
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