Fri, May 10, 2024
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
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Thu, May 09, 2024
They are increasingly looking towards fractional asset investing in a bid to diversify their investment portfolios. In its report titled 'Gripping the Boom: Millennial in Fractional Investing', Grip Invest revealed that two-third of all investors on its platform are millennials. At present, Grip Invest has more than 26,000 investors, who have used the platform at least once.
Tue, Aug 29, 2023
There are a wide range of options available in the market to invest for your retirement. You should choose investment instruments depending on your financial needs. Investing in multiple savings instruments, including pension plans for retirement could be more beneficial.
Entrepreneurs may frequently find themselves grappling with the irregularities associated with their business ventures. That’s where business loans come in handy, helping them to deal with a financial crisis or a liquidity crunch.
Most of the life insurance plans come with lower premiums for young customers. If you purchase a life insurance plan at an early age the premium amount will be lower as the same goes up with age.
The minimum entry age for the SBI Saral Pension Plan is 18 years. The maximum entry age for Regular Premium is 60 years and for Single Premium is 65 years. The policy term ranges from 5 years to 40 years.
While pension plans are a popular choice, mutual funds bring unique advantages. They offer equity exposure, while portfolio diversification mitigates risk. Long-term commitment and systematic investment plans (SIPs) build and compound wealth over 20 to 30 years.
In some cases, the refund may not have been deposited due to certain lapses on the taxpayer’s end. If prompt steps are not taken to address the mistake, the tax refund will not be deposited in the individual’s bank account.
If you default on the repayment, the lender has a number of measures lined up to get back their money. This includes the SARFAESI Act, 2002, under which the lender may auction the property kept as collateral.
Mon, Aug 28, 2023
Ladli Behna Yojana beneficiaries will now be entitled to a higher financial aid and about 1.25 crore women will be benefited from this decision. The Madhya Pradesh government has increased the monthly allowance from Rs 1,000 to Rs 1,250.
Families with two or more earning members can easily choose a joint home loan as it reduces the burden on a single person and also helps in increasing the loan amount.
The Income Tax Department has also started notifying taxpayers, reminding them to verify their tax returns before the due date.
Tax benefits may vary depending on the types of loans. Taxpayers can claim different deductions based on the interest and principal amounts paid towards loans.
Sat, Aug 26, 2023
Equitas Small Finance Bank revised its fixed deposit interest rates from August 21. Senior citizens will get as much as 9 per cent interest on FDs under the new scheme.
The Atal Pension Yojana is open to all bank account holders between the ages of 18-40.
Even assuming a modest SIP contribution of Rs 500 a month for 20 years at 12 per cent returns, a person’s initially invested Rs 1.2 lakh will grow to nearly Rs 5 lakh. A more aggressive strategy of investing Rs 7,500 a month at 15 per cent interest for the same period will result in a total wealth of Rs 1.13 crore against an investment of Rs 18 lakh.
Fri, Aug 25, 2023
Before picking either a fixed deposit or opting for the National Pension Scheme, a person needs to first decide on the ultimate goal. Both are very good financial instruments, but which one is better depends on what kind of benefits you are looking for.
In case of a delay in receiving the income tax refunds, one can visit the e-filing portal of the Income Tax Department.
After three years from the last month of contribution made the account will turn ‘inoperative’. Funds in an inoperative EPF account will not earn any interest, as per EPFO rules.
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