Punjab National Bank hikes MCLR by 15 bps; loan EMIs to go up

With effect from July 1, 2022, Punjab National Bank (PNB) increased its marginal cost of funds-based lending rate (MCLR) across all tenors by 15 basis points (bps).

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5 banks offering best home loan interest rates

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5 shrewd ways to avoid business failure

5 shrewd ways to avoid business failure


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3 reasons analysts are bullish Oil India

3 reasons analysts are bullish Oil India

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Karnataka Bank increases FD interest rates by 10 bps: Check latest rates

Karnataka Bank raised interest rates on domestic term deposits, NRE Rupee term deposits for sums under 2 crore. Karnataka Bank has raised interest rates by 10 bps on selected tenures.

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New credit card rules: These rules will be effective from July 1, 2022

The RBI master guidelines states that card issuers are required to ensure that customers receive their invoices and statements promptly through email and that they have at least one fortnight to pay before interest is applied.

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Higher PAN Aadhaar linking penalty from July 1: How to pay penalty amount

The CBDT states that you would be taxed Rs 500 if you link your PAN with your Aadhaar on or before June 30, 2022. If the linking of the PAN and Aadhaar is completed on or after July 1, 2022, a fine of Rs 1,000 would be imposed.

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6 reasons why floating rate funds are behind the curve

6 reasons why floating rate funds are behind the curve

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6 personal loan charges you should know

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These banks offer highest 5-year FD interest rates for senior citizens

These banks offer highest 5-year FD interest rates for senior citizens


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TDS on crypto, new credit card rules, higher PAN-Aadhaar linking fine: 5 changes coming into effect from July

There will be a number of big financial changes in the month of July. Here are five monetary adjustments that will take effect in July.

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6 reasons why nomination for investments is critical

6 reasons why nomination for investments is critical



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New Labour codes: Key changes in annual leave, working hours

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ITR filing: Cost inflation index for FY 2021-22 used in LTCG calculations

ITR filing: Cost inflation index for FY 2021-22 used in LTCG calculations



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Bank holidays in July 2022: Get the full list here

In India, banks will be closed during specific holidays in July, including the second Saturday and Sunday. According to the Reserve Bank of India's (RBI) holiday calendar list, bank holidays are state-specific holidays for a variety of reasons.

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New labour codes will bring new appointment letters with Aadhaar, job growth path for all employees

Under the The Occupational Safety, Health and Working Conditions Code, 2020' ('OSH Code"), it is mandatory for an employer to issue an appointment letter to an employee in a specified format. The appointment letter issued to exisiting employees must meet the format prescribed by the government. The new appointment letter mandates mentioning of Aadhaar number, UAN, career growth options etc.

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How to help your 18-year-old start his investing journey

Pick investing instruments that offer safety as well as exposure to the child who has limited funds but unlimited curiosity.

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Buying house vs renting: Should you consider two home loan EMIs simultaneously?

Building large, but illiquid assets will reduce your ability to invest.

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Family finance: Why Das needs to stagger money goals

Kolkata-based Das will have to push back some of her goals till a rise in income and investible surplus.

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Why nomination for investments is important, especially if it's held in single name

Nomination can be indicated at the time of investment. Alternatively, the investor can fill up and submit the nomination form later.

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Why you should avoid following tips on saving and investing by social media influencers

If a YouTuber claimed that he had a secret technique to make your tree grow to full height in a day, everyone would laugh it off. However, if an investment video claims to have a secret technique to select stocks that will become 10 times their worth in six months, many people seem to believe it.

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Oil India is betting big on energy pricing: 3 reasons why analysts are bullish on the stock

Oil India delivered a strong performance in the fourth quarter of 2021-22. Recovery in refining margins, commissioning of new projects and reasonable valuations are the other key positives that have made the company a favourite of the analysts.

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Law on wages: 5 things that are set to change

Law on wages: 5 things that are set to change

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5 banks offering lowest personal loan interest rates

A personal loan is a loan from a lender that is insecure. This loan does not need the potential borrower to provide collateral or security against it, unlike a gold loan where the lender uses gold jewellery as security.

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Here are 10 banks offering lowest home loan interest rates

Please remember that the repo rate will be changed by the RBI every two months. All borrowers pay the same spread that a certain bank charges, but each borrower pays a different risk premium. These ten banks are providing loans with the most affordable interest rates.

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Banks offering best 5-year FD interest rates for senior citizens

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HDFC Bank Vs ICICI Bank: Which bank is offering highest 1-3 FD interest rates after hike

The fact that HDFC Bank and ICICI Bank raised their fixed deposit interest rates twice in a short period of time is good news for FD investors who, in prior years, had to deal with historically low interest rates.

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When will you receive salary, full & final settlement under new wage codes?

The Code on Wages, 2019 has mentioned the various timelines for making payment of salaries, full and final settlement (if an employee resigns). The new law has shortened the timeslines for making payment to employees as compared to the current rules. Read on to know by when your employer is required to credit salary in your bank account.

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What a husband stands to lose if he divorces his wife

When you are finding it difficult to hold your marriage together and contemplating a formal separation, you need to be mindful of not only the emotional stress but also the financial implications. Giving alimony to the estranged spouse is often a sizeable chunk of a person’s net worth.

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When is the next PM Kisan instalment due?

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List of banks that have increased FD interest rates in the last two weeks

Banks and NBFCs have finally begun to raise FD interest rates after years of being stuck with decadal low interest rates. They have begun to rise as the Reserve Bank of India (RBI) raised the repo rate by 90 basis points (bps) in June and May. Many banks have raised FD interest rates for various tenures.

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How to fund your Harvard Business School education without taking a loan

How to fund your Harvard Business School education without taking a loan




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5 best installment loans online for bad credit & instant approval in 2022

People with bad credit and who want an instant approval can seek out these best installment loans.

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Bank of India revises FD rates for select tenors: Check latest rates

With effect from June 23, 2022, the Bank of India modified the interest rates on various tenors of fixed deposits for amounts less Rs 2 crore. Interest rates range from 2.85 percent to 5.50 percent at the bank.

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Canara Bank introduces new FD tenure: Check latest interest rates

A new fixed deposit (FD) tenor has been added by Canara Bank. The bank has added a new 333-day scheme with a 5.10 percent interest rate. Senior citizens will receive 5.60 percent for the same tenor.

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Best cryptocurrencies to buy in 2022

Cryptocurrencies to look out for in 2022

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4 ways to check your EPF balance

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Group vs Individual Health Insurance: How to find the one that fits your needs?

It is advisable to purchase health insurance cover early on considering individual needs. Here is how you can customise your health policy and choose only what you want.

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ICICI Bank hikes FD interest rates on select tenors again

ICICI Bank has increased fixed deposit (FD) interest rates on several tenors by 5 basis points for amounts less than Rs 2 crore. The highest rates are effective from June 22, 2022

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How to generate UAN in your EPF account

How to generate UAN in your EPF account

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These new credit, debit card rules will come into effect from July 1, and these from Oct 1

For banks and non-banking financial organisations, the Master Direction on "Credit Card and Debit Card" Issuance and Conduct Directions, 2022" was supposed to take effect on July 1. (NBFCs). The deadline to implement these three components has now been extended to October 1, 2022.

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No savings, No loan? Here’s how to get cost-free higher education in an Ivy League college in the US

While the student may have accomplished the toughest task by securing admission confirmation, but in most cases, the struggle doesn’t end for an Indian student as these universities are also known to be some of the most expensive colleges in the world.

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LIC Housing Finance hikes lending rates: Home loan EMI amounts to increase

The benchmark Prime Lending Rate (LHPLR) has been raised by 60 basis points by LIC Housing Finance (LIC HFL). Home loans are priced using the benchmark prime lending rate.

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How to check SBI CIF number: Here are 4 ways

Customers of State Bank of India are issued a CIF number, which is printed in their passbook or on the first page of their cheque book when they open an account.

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How to add, change nominee in NPS account online

The Pension Fund Regulatory and Development Authority (PFRDA) has made an online nomination change option available to NPS subscribers. Existing National Pension Scheme (NPS) subscribers can change their nomination online by following a few simple procedures.

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Is premature redemption allowed in Sovereign Gold Bonds?

Is premature redemption allowed in Sovereign Gold Bonds?

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What is the lock-in period for Sovereign Gold Bonds

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How gold, silver and platinum performed during week ending June 16, 2022

Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

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How to transfer of equity stocks to legal heirs, nominees in case of death

The claimant of securities needs to obtain a transmission form from the depository participant (DP) or download from their website. It needs to be filled and submitted to the DP along with necessary documentation.

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How to plan your retirement: 5 mistakes to avoid if you want an easy retired life

Thinking that the retirement corpus must remain untouched and subject to no risk is a mistake. It has killed the quality of life of many retired investors. This is true only if you want to leave the entire corpus as bequest. Use what you have earned and saved for yourself. Bequest is the residual balance.

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