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Fixed Deposit: Pre-mature withdrawal, loan on company FDs explained

HFCs and NBFCs now offer pre-mature withdrawal of fixed deposits besides loan against these FDs

Life Insurers take note: It’s the time to connect with policyholders

At a time when many may delay payment of renewal premiums, insurers need to check if they are happy with their policies

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Investing in fluctuating markets: Buy, hold, or exit?

The last time we saw such a precipitous drop was in 2008 when it lost around 60% of its uptrend gains in a year’s time.

For both the above reasons, stock market movements are not entirely rational. However, there is a method to the madness.

Facing difficulty in applying for loan moratorium? This is what you need to do

In the absence of proof, it may not be possible to get moratorium for April 2020. However for availing the moratorium for May to August 2020, drop an email on hello@clix.capital.

The details and link for availing the moratorium will be on this page once the bank has worked out its policy.

Fixed income: Opt for longer tenure to earn higher interest rates

With banks slashing FD rates, investors have to look for alternative debt products like post office FDs, PPF, EPF/ VPF and Bharat Bond ETFs for higher post-tax returns

Your Queries: Franklin Templeton debt fund crisis does not impact its equity funds

In the last week of April 2020, Franklin Templeton Mutual Fund announced its decision to wind up six of its fixed-income schemes.

The Franklin Templeton debt fund crisis does not impact its equity funds, which would continue to function as before.

Tax talk: How TDS at reduced rates will affect taxpayers

Deduction and collection of tax at reduced rates till the end of the financial year 2020-21 shall leave more disposable income in the hands of recipients and shall have the desired impact of enhancing

Monthly payments: Pause SIP if needed, but do pay your EMIs

If you are facing cash-flow difficulties and drawing from your savings, even then continue your EMI as the interest on your loan is likely to be higher than what you would earn from your savings

Laid off? You have to pay tax on severance pay

Additional compensation/ severance pay given by employer is taxed as ‘profits in lieu of salary’. But gratuity, retrenchment compensation or VRS is tax exempt in certain cases

Fixed income: Banking and PSU funds may be safer bet in times of Covid

Banking & PSU funds invest in bonds and debentures issued by banks and state-owned companies, thus providing a better credit profile for investment

‘Digitisation has taken centre stage to service customers’, says Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance

Although there is a difference in the premium between a standalone and comprehensive health products but you get more coverage and higher sum insured as well.

Embedded Value: Your life insurance policy can help you now

From offering financial protection against any eventuality in the time of Covid to raising a loan to meet your daily expenses, a life insurance plan can literally be a life-saver

Your Money: Debt fund isn’t about return maximisation

Do not chase higher returns via debt funds as these funds are for capital preservation.

Mutual Funds: Invested in credit risk funds? Shift to safer banking and PSU funds

You should evaluate the current portfolio of the fund to understand the extent of holdings in various rating buckets, such as AAA, AA, A rated, etc., and cash holdings.

The sharp markdowns have resulted in heavy redemptions by investors over the past year, with a few funds witnessing signi-ficant erosion in their AUM (>40%).

Covid-19: How to select a good health insurance plan for senior citizens

The minimum sum insured that senior citizens must opt for is Rs 10 lakh and also before buying a plan, it is important to compare both pricing and features of products from various players.

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Low-risk mutual funds investment: Long-term gilt funds a good choice now

Gilt funds are attractive to buy in a falling interest rate regime as bond prices are inversely proportional to the interest rates

Gilt funds are taxed like debt mutual funds. Short-term capital gains are taxed as per the investor’s income tax slab if the units are redeemed before three years.

All you wanted to know about tax deductions in times of Covid

Only employer can decide to cut TDS later in the year

If your estimated total income exceeds the minimum amount not chargeable to tax, then employer is expected to deduct TDS.

Why smart investors are buying gold in midst of Covid

Gold as an asset usually shares negative correlation with other assets (such as equity, debt and real estate), and tends to perform better during risk-off periods. It protects the investors’ capital

Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal

Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19

Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens

Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.

The financial lives of senior citizens have been affected by the coronavirus outbreak and subsequent lockdown as they generally deal with their investments through visits to banks or post offices.

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.

Edelweiss AMC announces second tranche of Bharat Bond ETF – Details

The Bharat Bond ETF had successfully raised over Rs 12,400 crore from a diverse set of investors in its debut offering in December.

Covid effect: RBI extends EMI moratorium for another three months

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday allowed borrowers to pause loan repayments for three more months till August 31. The central bank has granted a moratorium instead of pro

Covid-19: What changed for health insurance before and after pandemic

Given the gravity of the current situation and the worldwide panic surrounding it, people now, more than ever before, are concerned about their health and that of their families.

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Your money: Know how big a home loan you can get

Housing finance companies look at your monthly salary and your age to determine loan eligibility.

For home loans, housing finance companies calculate the eligibility of salaried person based on salary slip for the last six months

Boost to Employees Provident Fund: 79 lakh new PF accounts opened in FY20

The data of net new subscribers is based on the Universal Account Number (UAN) generated in the system and where the first non-zero subscription was received, the EPFO said.

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Can you offset stock market loss with Gold ETF? EPF withdrawal, and other queries answered

An employee can withdraw funds from EPF account on retirement or can prematurely withdraw money for reasons like job loss, marriage, education, purchase or construct-ion of house, medical emergency.

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