What this means is that for the quarter ending March 31, 2022, investors in small savings schemes like the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) will continue to earn the same interest rate as they were earning during the quarter ending December 31, 2021.
This is the second time the government has extended the deadline first from the usual deadline of November 30 every year to December 31, 2021and now to February 28, 2022.
"Had there been more than 1 crore ITR to be filed there might be a case for extension for ITR filing deadline. So, there is absolutely no proposal to extend the ITR filing date. I hope through this message the other people also file their returns," said Bajaj.
Your credit card eligibility is determined by a number of factors that can be evaluated once you apply for an SBI Credit Card.
The relaxation in KYC compliance was given so that no restriction was placed on bank accounts related to cash deposits, withdrawals etc.
The UAN deadline has been extended several times. Initially, UAN-Aadhaar linking was to be done May 31, 2021. However, this was extended twice again - first to August 31, 2021 and then to November 30, 2021. Now this deadline has been extended to December 31, 2021.
The Employees' Provident Fund Organisation (EPFO) has said that members can e-file nomination for their EPF accounts beyond December 31, 2021.
A rise in base rate indicates that the falling interest rate trend is finally reversing and going forward we may see a few more hikes in interest rates.
The proposer is presumed to know all the facts and circumstances concerning the proposed insurance, it added. While the proposer can only disclose what is known to him, the proposer's duty of disclosure is not confined to his actual knowledge, it also extends to those material facts which, in the ordinary course of business, he ought to know, the court said.
Here is a look at five changes that will come into effect from January 1, 2022.
Here is a look at major trends and changes that impacted our personal finances in 2021.
It is important to note that each person should only have one PAN card, and obtaining or possessing more than one PAN card is illegal and can result in a fine of up to Rs 10,000, as per tax laws.
The coverage of the loan is an important factor as some lenders cover the complete cost of education, while some lenders cover only a part of it
To be able to be eligible to apply for the shares in LIC's IPO as an existing policyholder, it is important to make sure certain details are updated by the policyholder on the LIC portal.
This large-cap fund maintains a strict bias towards quality which sees it run a highly compact portfolio, almost packed with bluechip names.
Don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.
People don’t always solve their financial problems head on. Denial is the comfort the brain offers to deal with small setbacks. But many extend that soothing balm to deep rooted problems. Ignoring one’s financial distress won’t make it go away. A solution can be found.
Financial Planner Pankaaj Maalde suggests that the couple first reduce the balance tenure of their home loan to 17 years and end the loan before they reach retirement.
Analysts say as blockchain technology attains wider usage, this stance will only isolate China from the rest of the world. In India, the government has worked on a legislation to regulate use and trading of cryptocurrencies.
To make any fund transfer from your account via net banking, including via IMPS and NEFT, HDFC Bank asks you to add the beneficiary's account
If a policy bond is partially destroyed due to natural disasters such as fire or flood, the remaining portion can be returned to LIC as proof of loss of insurance policy when filing for a duplicate policy document.
Only after the new beneficiary has been activated in the system can you begin transferring funds to them.
UPI is now the most preferred payment gateway as the system can integrate multiple bank accounts in a single mobile application.
Top private life insurers are revising term insurance rates by the fourth quarter. According to industry officials, reinsurers have taken a tough stance with the new Omicron variant adding to the uncertainty.
If you are an SBI Card user, then here's how you can check if you are eligible for a pre-approved credit limit increase. And if you are not eligible, here is what you need to do to increase your credit card limit.
Here is a look at how an NRI can open an Aadhaar-based e-NPS account, according to the FAQs on e-NPS for NRIs published by the Pension Fund Regulatory and Development Authority (PFRDA).
Remember, only buying an insurance policy won't serve the purpose unless you nominate your family members/related person to receive policy proceeds/sum insured in case of your demise.
Here are four personal finance deadlines to keep in mind and complete before December 31.
The tax saving that is offered on home loan interest payment under section 24b does not have any replacement and you can use this tax saving only when you are paying interest on a home loan.
Union Bank of India’s repo-rate linked home loan starts from a minimum of 6.4%. SBI Term Loan starts from 6.65% and HDFC Bank’s home loan starts from 6.95%.
According to a Supreme Court ruling in 2020, a woman has every right to stay in her in-laws’ house and cannot be thrown out even if the house is owned by the parents-in-law.
Some types of mutual funds are especially suited for investors who are starting off, or who want something simple. Moreover, starter funds are actually not just starter funds, but simple funds.
Many of us have made it a virtue to be frugal penny counters who do not enjoy spending. Inability to spend even when there is adequate wealth, and to use that wealth when there is an abundance of choice is a common syndrome. What can we do to get ourselves out of this trap?
Credit risk is measure using the weighted credit risk value of each instrument according to credit rating and is classified into 3 buckets.
Before getting married it is important to know behavioural compatibility, job and earning potential, and family background, among others. Should the earning discrepancy and spending habits of your potential partner serve as a red flag?
Since the US Fed's signal of faster tapering and 3 rate hikes in 2022 was on expected lines, gold remained stable during the week.
As a boss, you are not only judged by the team but also by the superiors. Even as you are assessed on the team’s performance, you have to deal with a varied group of people with their own set of quirks. So how do you navigate this treacherous territory?
Here is a look at the interest rates offered by the small finance banks on their savings accounts.
Banks and other payment companies are asking their customer to either opt for tokenising their card details or type out full details each time you make an online transaction.
Inform your bank immediately that you have transferred the money to the wrong beneficiary account, call the customer care number.
An NCD refers to a debt instrument issued by a corporation including NBFCs to raise money with an initial maturity of up to one year and issued through private placement.
The HDFC Life Pension Guaranteed Plan is a single premium annuity product that provides a regular guaranteed income for life. This offering has a single premium non-participating and non linked annuity plan for a lifelong regular income.
This base rate hike is unlikely to remain limited to base rate only as we may soon see other benchmark rates like MCLR and external benchmark being hiked as well going forward. SBI being the market leader, other banks are likely to follow suit and raise their lending rates in coming days.
To link an individual POSA account to an IPPB savings account, the customer must have an active POSA account.
The Reserve Bank of India sets the minimum rate of interest, which all banks use as their standard rate. Banks are not allowed to lend at a rate lower than the central bank's predetermined base rate.
Driven by liquidity and bullish sentiment, scores of investors are looking at IPOs as an opportunity to make quick listing gains. So much so that they are opening demat accounts for their parents and relatives to maximise the 'opportunity' considering retail investors have an investment cap of Rs 2 lakh for each IPO.
In addition to policies of your own, you can register policies for your minor children. As soon as the children become majors, a new user ID must be generated for them to access e-services related to their policies.
PFRDA, the pension fund regulatory body, has put an upper limit on the maximum amount that POP can charge from the subscriber at the time of making contributions to the NPS account.
While there is no harm in maintaining multiple accounts, one should exercise extreme caution because negligence can result in losses. Do keep in mind that you will have to pay all related charges such as debit card charges, SMS charges, and should maintain a minimum balance depending on the account; if the minimum balance is not maintained, a Monthly Quarterly Balance (MQB) deduction will be made.
IDBI Bank personal loan interest rates start from 8.15% and go up to 14%; these come with a tenure of 12-60 months and for amount between Rs 25,000 and Rs 5 lakh.