Fri, Dec 01, 2023
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Thu, Nov 30, 2023
Wed, Nov 29, 2023
Wed, Sep 06, 2023
Dearness allowance is given to Central government employees and pensioners as per the recommendations of the 7th Pay Commission to help their salary keep pace with inflationary trends.
There is a provision for premature EPF withdrawal for prepayment of a home loan, subject to certain conditions. The EPFO will need a certificate from the loan agency indicating the principal amount and interest as proof.
Tue, Sep 05, 2023
People often leave their credit cards unused, increasing the chances of the card being deactivated. Even if you don’t use a credit card, the card issuer may still continue to levy annual fees and charges.
Reviving a lapsed LIC policy isn't difficult. However, one needs to adhere to certain terms and conditions for successful revival. In most cases, an interest and late fee could also be levied.
An ELSS mutual fund can be a great investment option for those looking to save taxes as they offer higher returns and other benefits compared to traditional investment instruments eligible for tax deduction under Section 80C of Income Tax Act, 1961.
When it comes to getting credit card applications approved, the applicant needs to have a good track record paying bills within due date. A person can have multiple cards, depending on their eligibility.
SCSS offers a higher rate of interest of 8.2 per cent and the investment is eligible for deductions under Section 80C. On the other hand, all term deposits are not eligible for tax benefits and give lower return on investment.
Equity-Linked Saving Schemes are mutual funds that invest around 80 per cent of investors’ money in equity-related instruments. The ELSS investments qualify for deductions under Section 80C of the Income Tax Act.
The Senior Citizen Savings Scheme is a government-backed savings instrument. The investment option is eligible for tax deductions up to Rs 1.5 lakh under section 80C of the Income Tax Act, 1961.
In accordance with the EPFO's 'Illness Advance' plan, members can withdraw an advance amount up to six months of their basic salary (including dearness allowance) or the total employee share including interest, whichever is less.
Mon, Sep 04, 2023
Some people may get confused while choosing between Equity Linked Savings Scheme (ELSS) and the National Pension Scheme (NPS) to save tax on investments. Knowing a few key differences will help you to select the right tax saving instrument.
Sat, Sep 02, 2023
Employees are eligible to receive their gratuity only after completing five years in an organisation or a company. An employee is also eligible for gratuity in case of his death, under certain circumstances.
A customer accused the SBI of debiting insurance premiums amounting to Rs 23,451. The public sector lender replied that these deductions are purely optional and people can raise complaints if their money has been unfairly debited.
Mastercard has launched ALT ID to secure online transactions for customers. It allows them to conduct e-commerce transactions without any need for saving card details.
Your small savings account could be frozen if you fail to submit the Aadhaar number to the bank or the post office branch latest by September 30, 2023. In April, the Finance Ministry had asked small savings account holders to submit Aadhaar details within 6 months.
Exclusive interview: "It's quite easy to create wealth; however, it is really difficult to sustain it and grow it in the long run. And that's why financial planning becomes really important. I would say that financial literacy is not a luxury anymore. It's a fundamental right for all of us," says FPSB India CEO Krishan Mishra.
Fri, Sep 01, 2023
Term Insurance plans come with a range of benefits including add on offers of Accidental Death Benefit rider. Term Insurance plans provide protection for a long period of time which can go up to 30 years or more.
Efficient investments can prove to be a game-changer in improving your financial condition. You can build a corpus fund for your retirement by choosing the right investment options. A diversified portfolio is always advisable to mitigate risks.
The lender can't seize or sell the borrower's property for acquiring the remaining amount as the loan was an unsecured one. Since the personal loan repayment isn't possible, this amount is eventually written off and is transferred to the NPA (Non-performing Assets) account.
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