Money

Financial planning: Five ways to shore up your net worth in 2019

If you are in a phase of rebuilding your wealth, rebalance your portfolio or diversify it by reallocating risky investments to low-risk or moderate options.

Alert for salaried! Pay Advance Tax today if tax on bank interest exceeds Rs 10,000

Advance Tax is applicable to any assessee, including salaried employees, whose tax liability for the financial year as reduced by the tax deducted / collected at source is Rs 10,000 or more.

How real estate sector fared in 2018 and what to expect in 2019

The real estate sector has had to adapt to a rapidly-changing regulatory environment and a conceptually different market in the last couple of years.

Taxpayers Beware! Never fall for this income tax refund fraud, warns I-T Department

If you have received an email or SMS from someone asking you to share your debit card details to be able to get your tax refund in your bank account, then alarm bells must start ringing in your head.

From investment protection to liquidity: Know some little known facts about PPF before investing

The Public Provident Fund or PPF accounts are eligible for deductions u/s 80C and the interest earned as well as the maturity amount are also tax exempt.

Wondering what to do with your year-end bonus? Here are some money tips

While it’s all good to use some of your year-end bonus for celebrations and holidays, it’s smart to set aside a chunk for meaningful investments or to eliminate debt from your portfolio.

Premium income of life insurers falls 3% in November

Annualised premium equivalent (APE) of the life insurance industry in November declined 3% year-on-year to Rs 5,733 crore.

Credit cards: Know these ways to reduce your credit utilisation ratio

Lower credit utilisation ratio indicates responsible behaviour with credit, and that you don’t depend on it heavily. This, in turn, has a positive impact on your credit score.

Insurance Outlook: Near-term volumes to remain weak

In November 2018, private sector individual APE was almost flat as compared to 17-19% growth over the past three months.

Now, get insurance premium receipt on SMS from January; here’s what IRDAI has asked insurers to do

Insurance sector regulator Irdai has asked all the insurers to inform policyholders through messages on receipt of premium from January 1, aimed at protecting the interest of consumers.

IRDAI to tweak capital norms for insurance firms

Insurance sector regulator IRDAI was in the process of tweaking the capital requirements norms for insurance companies, an official said Thursday.

CRA-NSDL: How to log in, get details of your NPS investments and deposit or withdraw online

NPS contributions are mandatory for government employees, who joined their services on or after January 1, 2004, while any individual may open and invest voluntarily to get the benefits of the pension

SBI Customers Alert! Here’s what your bank wants you to urgently do for uninterrupted transactions

As mandated by the RBI, the State Bank of India has again requested its customers to do this latest by December 31, 2018.

Increasing number of new businesses boosts demand for co-working spaces: Report

The co-working option is quite viable for the small start-up and corporate occupier alike because it comes bundled with the promise of a plug and play facility.

Big alert for car and bike owners! Your personal accident insurance cover will change from January 1

Come January 1, 2019, and getting a Personal Accident Cover will not remain the same for vehicle owners. Here's what will change!

NPS Tax Bonanza: New rule may add Rs 10 lakh to retirement corpus of voluntary investors

The new sops for NPS not only make the pension system attractive for government employees, who joined services after December 31, 2003, but the tax incentive makes it attractive for voluntary investor

5 smart ways to save premium costs on your life insurance purchase

While you must try to save on the premium when looking for a life insurance cover, it is equally important not to compromise on the various benefits in order to get an adequate life cover.

It’s time to reassess your taxable salary: Here are some important changes in income tax rules this year

Employers start asking for the proof of tax-saving investments and expenditures that are eligible for tax benefits for reassessment of your taxable salary to readjust the TDS.

Debit, credit card holders beware! Your cards may get blocked if you fail to do this by December 31

A majority of banks, including SBI, have already informed their customers about getting their ATM cards replaced. And you need to hurry up if you have failed to do so.

ICICI Bank unveils savings bank account for working women, offers a slew of benefits

Called ‘Advantage Woman Aura Savings Account’, the account is meant for the working women, including self-employed women who are educators, professionals or into home business, among others.

Retirement Planning: How to save Rs 1 crore for your golden years

Investors are quite often unsure about how much money they need for a comfortable retirement. If Rs 1 crore is good enough for you, here's how you can save that much money.

Term deposit share in bank deposits bounced back to 42 pct this financial year

The share of term deposits in banks’ incremental deposits bounced back to 41.8% in 2017-18 from 19.1% in 2016-17 as the psychological impact of demonetisation on saving behaviour wore off.

National Pension system: Now get tax-free maturity withdrawals; check details here

The government has made the whole 60% of the NPS accumulated corpus tax free, bringing it at par with PPF and EPF, besides raising its contribution to 14% of basic pay and DA for government employees

Your queries: An individual needs insurance cover that is 10-15 times one’s annual income

Price of insurance policies online and offline differs from company to company and from product to product.

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