Banks have slowly started increasing FD interest rates after reducing them continuously for a few years. Here is a look at how the interest rates of SBI, HDFC Bank FDs and post office time deposits compare.
Here is a look at the minimum amount you need to invest in tax-saving schemes to keep them active and what happens if you do not make the minimum contribution.
LIC has remained obliged to do the government’s bidding whenever called upon. Its massive cash pile is regularly used to recapitalise public sector banks, get public offers of PSUs over the line to meet disinvestment targets and more.
Despite talk of massive sanctions against Russia, it is significant that the US has decided to let Russia’s petroleum and gas operations operate unhindered because of inflation worries.
With money just a click away, one's mind often tends to come up with every possible reason to spend it.
"Most of these new-age tech driven companies do not have positive free cash flows today. The value ascribed to these stocks is coming from cash flows likely to happen 5-7 years down the line," said Gautam Duggad.
IPQ is the degree to which Indians feel protected from future uncertainties on a scale of 0 to 100, based on attitudes, mental preparedness about future uncertainties, awareness and ownership of life insurance products, including term, endowment and Ulips.
Find out why your child feels the need to do so and how you can help him overcome the reasons for his behaviour.
It can be easily executed through online banking using the swift code of the receiving bank, PAN, and purpose of remittance along with name and amount.
After cutting fixed deposit interest rates relentlessly for the last couple of years banks have now slowly started hiking rates. Bank of Baroda has announced that it has hiked FD interest rates for select tenors w.e.f February 25, 2022.
Customers of State Bank of India (SBI) can use the SBI Yono app to open a demat and trading account with SBI Securities. Investors who want to invest in the LIC IPO, or any other IPO, must first open a demat and trading account.
All old cheques issued to the third party must be replaced with new cheques by February 28, 2022. Any cheque submitted after the aforementioned date with obsolete MICR codes will be rejected.
This tax-saving avenue also comes with many limitations and delivers the best savings only when used smartly. Here is a look at how Smart use of home loan can deliver best tax saving at the lowest cost.
All landholding farmers' families will receive a financial benefit of Rs 6,000 per year under the PM-KISAN scheme, payable in three equal instalments of Rs.2000 each every four months. Here is how to add name to avail benefits.
In addition to national holidays, state governments decide bank holidays; there are a few state-specific holidays when banks are closed other than the second and fourth Saturdays of each month. Here is a list of bank holidays in March 2022.
The correct mobile number must be updated/registered in your Employees' Provident Fund (EPF) account. This is because an OTP is sent to the mobile number to submit online claims for withdrawals, filing nominations, changing passwords etc.
Eligible farmer families receive a financial benefit of Rs 6,000 per year, payable in three equal instalments of Rs 2,000 each, every four months. To receive the next instalment, eligible farmers must make sure to update their KYC.
If a Pension Payment Order (PPO) authorised pension is delayed due to administrative reasons or lapses, interest on arrears of pension, gratuity, and family pension will be paid at the same rate and in the same manner as interest on General Provident Fund amounts.
A bench of Justices Ajay Rastogi and Abhay S Oka said Employees Provident Fund & Miscellaneous Provisions Act is legislation for providing social security to the employees working in any establishment and engaging 20 or more persons.
Who pays higher interest rate on a savings account among IPPB, Fino Payments Bank, Airtel Payments Bank. Payments Bank perform most banking functions but it cannot offer loans or issue credit cards.
The interest free period that you get on the interest only home loan is just an extension of your home loan tenure. So, if you are taking a 3-year interest only initial payment period and want a subsequent repayment tenure of 15 years then your final tenure will increase to 18 years.
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Savings account interest rates have recently been revised by a few banks. So, let's have a look at the savings account interest rates offered by HDFC Bank, State Bank of India (SBI), ICICI Bank and Punjab National Bank (PNB).
Kotak Mahindra Bank hikes FD Rates by 5 basis points with effect from February 23, 2022. The bank had last revised FD rates on 27, January 2022.
SBI regularly issues such warnings to its customers in order to protect them against all types of digital scams. Phishing is a phrase used to refer to forged e-mails, text messages, and websites sent to customers by criminals.
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Policies of certain qualified plans can be revived under the campaign within five years of the initial unpaid premium, subject to particular criteria and limitations. Here is a look at how one can revive LIC lapsed policies.
After entering beneficiary information, the person can invest in NPS with a minimum of Rs. 500 as per convenience and benefit from the same-day NAV. The subscriber can also set up standing instructions for his or her NPS account.
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Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are entitled to a discount in LIC's initial public offering (IPO) through the Policyholder Reservation Portion. The total number of reservations for eligible policyholders shall not exceed 10% of the total offer size.
Only retail investors, eligible employees and eligible policyholders can use the UPI mechanism. You can apply for an IPO using your UPI ID as a payment method. All you have to do is inform your broker to submit the IPO application using your UPI ID.
If you find yourself comfortable in being disciplined in repayment and manage borrowing responsibly a credit card could become a handy tool to manage your personal finance.
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The couple's goals include building an emergency corpus, buying a car, taking a vacation, buying a bigger house, saving for their kids' education and weddings, and their retirement.
The liquidity profile of your investments may also be at odds with your needs. If not addressed in time, these niggles might catch you off-guard. This week’s cover story we outline five common portfolio leaks and gaps that should not be ignored.
Little objects remind one of the person, the occasion and the act of love, some argue. Simply sit back and honestly recall three most memorable moments of your relationship.
Here is the weekly tracker of returns from alternative investments. During the last week, gold jumped up to tensions between Russia and Ukraine.
Here are three good money habits that you can start after receiving your first salary. However, before you start these habits, it is important that you have PAN and address proof in place.
It is a type of term insurance policy where one can increase the policy cover by a certain amount or percentage every year.
Lack of financial acumen may lead to making wrong decisions when it comes to saving, investing or securing risks. If you, as a wife, are aware of this and have an interest in money matters, here's what you can do.
Financial plans must be reviewed at regular intervals - at least annually. That is a set frequency at which a review must be undertaken within the family. However, a change in income might be a good starting point.
CRED has also curated 5 simple (yet necessary to follow) tips to keep in mind while making digital payments.
There are five things others can do, when they find close friends or relatives in financial distress, they may need help but may live unaware of their real situation.
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Aadhaar verification is not required for booking up to 6 railway tickets in a month, for more than 6 Aadhaar is verification is required.
According to the DRHP, up to 10 percent will be reserved for eligible LIC policyholders under the Policyholder Reservation Portion. Here is a list of 29 FAQs answered by LIC in its DRHP regarding policyholders who want to invest in the IPO via the Policyholder Reservation Portion
Becoming a co-applicant will not only be for the sake of fulfilling a legal formality. Ask yourself these 4 questions before agreeing to take on borrowing liability.
Only resident senior citizens aged sixty years and above are eligible to invest in this scheme. The scheme is a domestic term deposit, therefore NRI senior citizens are not eligible to invest in the scheme.
The latest Supreme Court Judgement deals with the issue of the legal right of a daughter to inherit 'self-acquired' property of her father in absence of any other legal heirs.