Introduction of Digital currency by central bank will lead to cheaper currency management. The FM said that the digital rupee issued by RBI will use blockchain technology starting from Fy 2022-23.
Taxpayers expect that Budget 2022 will include tax rate and surcharge reductions, as well as an increase in the deduction available under section 80C. Here is a list of some of the expectations of the common man from the Union Budget 2022.
The biggest in the mid-cap segment, this fund has pared back its earlier sizeable small-cap exposure in favour of mid-caps amid a sharp market upswing.
Just as fund managers earn to beat the benchmarks, I wish we had advisory professionals who managed asset allocations and earned a fee for delivering an alpha for that macro choice, but we don’t yet have a marketplace that enables and rewards such expertise.
The property of a Hindu male who dies intestate, that is, without a will, devolves equally to his class I legal heirs.
If your husband asks you to take these money-related decisions after marriage, do not blindly agree to everything.
The insurance cover should be able to replace your income and settle outstanding loans. The thumb rule is to be covered for at least 8-10 times your annual income plus any outstanding debts.
An easy way to decide if it is the right time to sell is to find out the current value of your car and the immediate or expected repairs and maintenance in the next six months or a year.
The price is determined by weight of the vehicle to be scrapped and is typically Rs 15 per kilogram of metal parts.
If any money is left unclaimed for more than 10 years, all the amount is transferred to the Senior Citizen Welfare Fund, such funds are used for the benefit of senior citizens, as per rules.
According to the UIDAI website, e-Aadhaar QR codes contain demographic information about the resident such as Name, Address, Date of Birth, Gender, and Masked Aadhaar Number. In addition, the larger QR code includes a photograph.
When you opt for a personal loan from established institutions like Kotak Mahindra Bank having a rich legacy, the repayment schedule can also be tailored as per your repayment capacity, other than being able to apply for the loan in just a few clicks.
Bank customers should make sure that they have registered their number for the SMS alert service offered by banks so that they get notification when a transaction is done.
The cumulative cost incurred on diagnostics, radiation, chemotherapy and surgery would cause a significant dip in your personal savings if they were to be borne out-of-pocket.
Banks have different fixed deposit interest rates, which are subject to fluctuation depending on the RBI's key rates. It will also vary based on how long the FD has been with the bank.
India's tax laws are rather complex and for simple tax calculations too one has to do two computations to figure out which method of taxation works better.
The contributions are based on the workers' earning ability as a fixed proportion of their salary, yet they are awarded social security benefits based on individual needs without discrimination.
This move came after the trouble faced on TDS returns as it was not accepted due to an invalid or wrong PAN mentioned, stated the Department of Posts.
In case of a single borrower loan, the consequences will depend upon the nature of the loan - whether it is a secured loan or an unsecured loan.
This facility is based on Aadhaar based one-time password (OTP). Thus it can be utilised by those who have activated their UAN and linked their UAN with a verified Aadhaar number and have mobile linked with Aadhaar number for receiving the OTP sent for verification
The department said that been bought to its notice that in some cases, the Pension Disbursing Banks are not allowing family pension in respect of a mentally retarded child through the person nominated by the pensioner.
Parents or guardians can open SSY account with SBI by filling out the SSY account opening form along with address and ID proof of parents or guardians with the initial amount and submit it at the nearest SBI branch.
Misconceptions around personal finance fundamentals can be dangerous to an individual's money health if not addressed on time. Here is a look at 4 common myths about personal finance.
Investments such as short-term debt funds, monthly income plans of mutual funds and bank FDs of lower tenors are products that a person should consider to reallocate a portion of his/her portfolio.
First of all, one needs to make a list of all assets— movable or immovable, big or small value—that he/she has owned or gathered through their life.
Due to novel coronavirus, Indians are most worried about rising medical costs, instability of jobs, economic slowdown etc.
The advice given by the mutual fund portfolio doctor is based on the performance of the mutual funds, the risk profile of the investor as well as his financial goals.
Whether it’s buying a house jointly, being a guarantor, investing in your sibling’s business, or dealing with inheritance, find out the questions you should ask, precautions you should take, and foreplanning that is required.
Capital gains for NRIs are subject to TDS of 30% for short-term capital gains and 20% with indexation for longterm capital gains
The succession laws for women vary according to their religion as follows. Here are the laws governing inheritance rules for Hindu (including sub-categories), Muslim and Christian women.
SBI customers will not be able to use services such as Internet Banking, YONO, YONO Lite, UPI on Saturday, during early morning hours.
Most insurers have started offering the house insurance cover from April, 2021. Here is a look at the features of the Bharat Griha Raksha insurance cover and whether you should get it.
Justice Murari, writing the 51-page judgment for the bench, also dealt with the question of whether such property will devolve on to the daughter upon the death of her father, who died without a will, by inheritance or shall devolve on to "father's brother's son by survivorship".
According to the State Bank of India (SBI) website, here are the transactions for which you will receive an SMS alert. Based on your selection, you will receive the alert when a particular event happens.
NPS as an investment tool has matured now and there is enough historical data to analyse and help you decide whether you want to continue with the same fund manager or not.
To ensure the flow of wealth and continuity of your enterprise, here’s all you need to know about a business succession plan. The 7 steps given below will help you ensure a smooth and effective transition of business.
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ICICI Bank is offering a 5.60 percent interest rate on FDs maturing in 5 years 1 day up to 10 years. It is also offering 5.45 percent for a five-year FD, on which tax benefit is available under Section 80C of the Income-Tax Act, 1961.
FDs with a term of one to two years will now earn between 5.10-5.25%, while those with a tenure of two to less than five years will get 5.40%, and FDs with a tenure of 5 years and up to 10 years will fetch 5.75%.
Bharatiya Mazdoor Sangh tweeted from its official Twitter account: “BMS demands pension should be 50% of last drawn wages for all workers. Chalo pf office on 20th January 2022,"
The resident can schedule an appointment for themselves, a family member, or a friend using the online appointment service. The Unique Identification Authority of India (UIDAI) has opened Aadhaar Seva Kendras (ASKs) across many cities in India.
MDR is a fee that a merchant is charged by their issuing bank for accepting payments from their customers via credit and debit cards.
Central Government has developed e-Shram portal which will be a centralized database of unorganized workers seeded with Aadhaar.
Fixed deposit interest rates differ with banks, and they are subject to change depending on the key rates set by the RBI. It will also vary depending on the tenure of the FD as well.
The PVC-based Aadhaar Card has a digitally signed secure QR code with photograph and demographic details with several security measures. The Aadhaar PVC Card is supplied by fast post to the resident's address.
One of the common miscalculations which most people do while saving for retirement is the ability of the corpus to compensate for the inflation by raising the regular income regularly.
According to the bank’s website, it has revised interest rates on FDs worth less than Rs 2 crore with different maturities. FDs with a term of one to two years will now earn 5%, while those with a tenure of two to three years would get 5.10%.
The son cannot lay claim to the property or have any right over it till the time you are alive, even if you have named him as the sole beneficiary in your will. He can stake a claim to it only after you pass away.
Unlike the normal process of investing in mutual funds, there is a slightly different procedure to invest in ETFs.
If Irdai accepts the proposal, third-party insurance premiums could go up from 1 April. The third-party premium for a Maruti Swift 1.3 LXI is currently Rs 3221 per year. This could go up to Rs 3,705-3,865 if the rates are hiked in 2022-23.