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Money

Doorstep Banking: RBI pulls up banks for laxity in services to these account holders

RBI has once again issued a circular reminding the banks about the instructions for offering certain basic banking services to senior citizens at their doorstep.

PPF vs ELSS: Rate cuts on small savings schemes widen the gap

With the Indian economy suffering heavily due to nationwide lockdown, equity markets have nosedived and interest rates on small saving schemes have been cut substantially.

Income tax rules changes effecting from April 1, 2020

The Finance Act received Presidential assent on 27 March 2020. It contains the tax proposals for FY 2020-21, which would be incorporated in the Income-tax Act, 1961.

Fixed income: Falling interest rates? Ways to reduce re-investment risks

Investors should continue to invest in small savings schemes as the interest rates are still higher than that of bank FDs. They should look at tax-free bonds and avoid company deposits.

EPFO to accept Aadhaar as birth proof online from subscribers

Earlier, the EPFO allowed its subscribers to withdraw three months basic pay and dearness allowance as non-refundable advance on the ground of COVID-19 lockdown from March 28, 2020.

Mutual funds investment in REITs, InvITs climbs 58% to Rs 980 crore in January

Fund managers infused Rs 71 crore in real estate investment trusts (REITs) and Rs 909 crore in infrastructure investment trusts (InvITs) in January this year, according to the Securities and Exchange Board of India (Sebi).

Life insurance policyholders get 30 days more to pay premium

Insurance Regulatory and Developement Authority of India (Irdai) has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.

Failed online transaction or transferred money to a wrong account? Here is what to do

While the concept of making payments with just a click sounds great, it also comes with a few issues such as transferring money to a wrong account or failed transactions.

6 major factors that influence your home loan’s interest rate

As lenders consider numerous factors while calculating home loan interest rates, being aware of those factors can help get the most suitable deal with the lowest interest cost.

Corona Lockdown: Will TDS be charged on FD/RD interest if you fail to submit Form 15G/15H?

Investors need to submit Form 15G/15H every year at the beginning of the financial year to ensure that no tax is deducted on the interest income.

Flight cancelled due to lockdown? You don’t have to pay charges to get Spicejet tickets reissued

Due to the lockdown to contain the spread of Coronavirus Covid-19, the bookings with travel dates from March 25, 2020 till April 14, 2020, will automatically get cancelled.

PPF account: When and how to extend your account with or without fresh contributions

After completing 15 years, account holders have 2 options: they can either extend the PPF account with fresh contributions or extend the PPF account with no fresh contributions. Experts suggest, before withdrawing on maturity, know the PPF rules that may be of help to you.

RBI EMI moratorium: To avail or not to avail?

The RBI announcement has come as much-needed succour for borrowers who may face liquidity issues in the wake of the pan-India mandated lockdown amid the pandemic. But what does it entail?

PF Advance due to COVID 19: How to apply online for PF withdrawal – Explained

The EPFO will allow the non-refundable advance to the employees which will be 75 per cent of PF balance or 3 months of wages, whichever is less.

No tax on Senior Citizen Savings Scheme (SCSS) interest income! Here’s why SBI Research suggests this

SCSS interest income: In the wake of deep cuts in interest rates of small savings schemes, the SBI Research has suggested the government to make interest income on Senior Citizen Savings Scheme (SCSS) completely tax-free

Tata AIA Life offers additional benefits for policyholders related to COVID-19

The additional benefit offered by Tata AIA, wherein they will offer additional benefit equal to the base sum assured or Rs 5 lakh whichever is lower for valid death claims due to coronavirus.

Financial Awareness: A crucial tool to keep your money safe

Through financial awareness, we can preserve and protect our hard-earned money from unfortunate events.

Credit card moratorium: Should you pay interest rate of 42% by deferring outstanding balance?

Here are a few frequently asked questions that may help you decide better whether to opt for a moratorium or pay the credit card dues now.

Apartment Living Vs Independent Floor Living: Which is more suitable for you?

The facilities that apartments provide these days may require huge monthly investment in independent floors apart from the pain of taking stock of everything on a daily basis.

EMI moratorium for borrowers of SBI Vs HDFC Vs ICICI Vs Axis Vs Kotak Bank; All you need to know

The repayment schedule for such loans will shift by 3 months after the moratorium period and it includes all principal and interest payments. The interest for this period will continue to accrue on the outstanding portion of credit card dues as well as term loans during the moratorium period.