The government has not only made hallmarking of gold mandatory but has also revised the symbols of hallmarking to be inscribed on gold. It is important for consumers to check these three signs that will verify the purity of gold bought by them. Here is a look at what these three symbols denote.
Two precious metals, gold and silver, have been brought under the ambit of Hallmarking in India. The BIS website has a list of frequently asked questions about gold hallmarking.
With the realisation that early investing is the only way to plan for the future, saving systematically through guaranteed income plans is the right thing to do.
When compared to regular investors, most banks give a higher rate of interest to senior citizens. Here are the banks with the highest interest rates on five-year fixed deposits for senior citizens.
The Bureau of Indian Standards (BIS) has developed the 'BIS Care App,' a smartphone application that tracks all ISI and hallmark-certified gold and silver jewellery. Customers can check the purity of hallmarked gold jewellery in real time using this app.
Instead of going to the post office, all eligible citizens can now open a National Pension System (NPS) account online. This service is made available from April 26, 2022.
It is mandatory for jewellers to sell only BIS hallmarked gold jewellery. Further, the hallmarking symbols have been revised by the government effective from July 1, 2021. However, what can you do if you have old, un-hallmarked gold jewellery or hallmarked gold jewellery with old symbols. Read on to know more.
According to an India Post tweet on its official Twitter account, below is a list of documentation you should have on hand before beginning the process of surrendering your PLI insurance.
You can choose a fixed deposit, also known as a term deposit, with a term deposit period ranging from 7-14 days to 10 years. To reduce TDS, distribute bank FDs across different local banks.
It is critical for all Employees' Provident Fund (EPF) account holders to name someone in their EPF account as a beneficiary so that the beneficiary can readily recover the money in the case of your death.
Online sales platforms are one of the most recent ways that con artists deceive buyers. Let's take a look at how it works and what measures should be made while dealing with online purchases and sales.
2 things policyholders need to get discounted shares
PM Kisan eligible beneficiaries can now update their KYC information online via the PM Kisan website. To receive the next instalment, eligible farmers must update their KYC using online or offline methods.
As a parent, you need to plan for your child’s education expenses keeping their dynamic aspirations and rising cost of education.
The much-anticipated initial public offering (IPO) of Life Insurance Corporation of India (LIC) is expected to launch on May 4, 2022, according to media reports. Here are five things policyholders interested in investing in the IPO through the Policyholder Reservation Portion should know.
PCRA (Protean e-Governance Technologies Central Recordkeeping Agency) has added eAPY, a digital onboarding facility based on Aadhaar eKYC/XML, as a new option to broaden the reach and streamline the subscription process.
Not being able to cover financial expenses for yourself and your loved ones in case of a medical emergency is irreversible. Here’s a checklist to know whether your current insurance plan covers all your health needs or not.
6 instances where an individual and his/her heirs can lose right to inherit property
Banks will be closed during the month of May due to prominent holidays such as Id-ul-Fitr, Buddha Purnima, and Bhagvan Shree Parshuram Jayanti. Check full list of holidays in May 2022
National Pension System (NPS) is a scheme that provides pension in the retirement years. However, it may happen that money is needed during the accumulation period for some emergency such as marriage, higher studies etc. Here are the rules related to partial and complete withdrawal from the Tier-I NPS account.
Alternative investment returns should not be compared to traditional investment returns because the amount and aim of alternative investments are radically different.
Before its repositioning as a large and mid cap fund, this fund was run with a flexible strategy with a strong large-cap tilt. While it had to significantly increase its midcap footprint throughout the shift, it still favors large-cap stocks.
The advise given is based on the performance of the funds, the investor's risk profile, and his financial objectives. The Portfolio Doctor evaluates the fund portfolio's health, analyses the schemes and their goals suitability, and, if necessary, makes recommendations for corrective action.
When it comes to financial matters, we can't generalize or set rules. Someone who spends extravagantly is responding to their earnings in a positive way. Someone who saves excessively feels confident since they are preparing for an unexpected incident.
As cyber crime surges after Covid-induced work from home, it may be time to secure your risks. Find out if you should pick an individual cyber cover.
Your mother and her siblings, being Class I legal heirs, are entitled to an equal share in all the moveable and immoveable properties of their deceased father.
There is no restriction on the number of affiliate programmes you can work with and there are many affiliate partners working with multiple sellers and having monthly income in lakhs.
Savings account interest rates have historically been modest. Currently, the rates range between 3.5 percent and 4% per year for most banks.
The Reserve Bank of India (RBI) has issued new rules for card issuers regarding credit and debit card issuance. New restrictions surrounding credit card closure were among the modifications.
A recurring deposit can be set up at a bank or at the post office. The maturity amount for RDs is the sum of the principal and interest earned over the investment period. A quick comparison of recurring deposit interest rates of SBI, HDFC Bank, ICICI Bank and Post office RDs.
For the issuance of credit and debit cards, the Reserve Bank of India (RBI) has issued master directions. Here are some key points to keep in mind if you own a credit card.
Kisan Vikas Patra, or KVP, is a small savings scheme available through Indian Post Offices in the form of certificates. The quarterly interest rate for the quarter ending June 30, 2022 is 6.9%, compounded annually.
As the number of people who use their cards to make purchases has increased, so has the number of cases of card-related fraud. Here are the precautions to follow when using debit or credit cards, according to the RBI's brochure "BEWare."
IDBI Bank, like other banks, has altered its bank fixed deposit (FD) interest rates for sums less than Rs 2 crore. The revised prices will go into effect on April 20, 2022.
The State Bank of India (SBI) has warned its customers about phishing scams through several channels of communication, including text messages, emails, and tweets. The Reserve Bank of India (RBI) has published a brochure outlining all forms of frauds that are occurring and how to protect yourself.
At the start of the financial year 2022-23, the mortgage lender announced that it will be merged with HDFC Bank. Though, the merger is yet to get regulatory approval, here is how customers and borrowers of HDFC Ltd. are likely to be impacted. Do note the impact will be felt after 12-18 months.
Borrowers' interest payments typically rise as the MCLR rises. Existing borrowers' EMIs will be affected when their loan reset dates occur as a result of the MCLR increase.
HDFC Bank increased its one-year FD interest rate by 10 basis points to 5.10 percent from 5 percent earlier this month, as well as its one-year one-day to two-year FD interest rate to 5.10 percent from 5 percent.
When opening a locker at the State Bank of India (SBI) or any other bank, customers must ensure that they register for the nomination facility and the survivorship clause.
SEBI's advisory for mutual funds to stop further investments into foreign stocks has cut off domestic investors from a popular avenue to invest abroad. However, if you are missing out on foreign markets, you have the option to invest in foreign stocks directly. Sanket Dhanorkar, Assistant Editor, The Economic Times, takes you through the process of investing in international stocks. Watch
The marginal cost of lending rate (MCLR) of Kotak Mahindra Bank has been updated for all loan tenors. According to the Kotak Mahindra Bank website, the revised new rates will take effect on April 16, 2022.
Axis Bank has increased the marginal cost of funds based lending rate (MCLR) on loans, just days after the State Bank of India (SBI) raised it.
The Reserve Bank of India (RBI) fined Manappuram Financing Rs 17 lakh for violating KYC and prepaid payment instrument standards. The company was found to be in violation of RBI KYC and minor PPI guidelines.
If you are a credit card or a debit card holder, then it is important to know that certain international transactions are prohibited by the Reserve Bank of India. If an individual undertakes these prohibited transactions then a penalty can be imposed on him. Further, he may be barred from having a credit card.