Sun, Nov 03, 2024
People mostly think that when they open a bank account, they get an ATM card for free, but that is not true. Let us know what types of charges are levied on SBI ATM cards.
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Thu, Oct 31, 2024
With Diwali just around the corner, people are excited for online shopping. However, it’s easy to overspend on non-essential items. This festive season, instead of wasting money, consider these five smart investment strategies to make the most of your finances.
Thu, Oct 24, 2024
From Rs 18,000 Monthly SIP to Rs 12 Crore Corpus: Monthly investment for the long term can make achieving a tough financial goal possible. If one is aiming at a corpus that can accomplish their retirement needs and meet expenses post retirement, early investing can be great help.
Wed, Aug 30, 2023
Debt consolidation offers borrowers the chance to repay their debts in a systematic manner, often at a lower interest rate. It can be a good option if the individual has multiple high-interest loans.
Inflation is the rise in the value of goods and services over a period of time. Keeping inflationary trends in mind while planning retirement is the best thing to do.
From the exchange or deposit of Rs 2,000 notes to submission of Aadhaar numbers for small savings schemes, deadlines for many important financial transactions fall in September.
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
August 30 is the last date to verify ITR. Verification of ITR is a crucial step in the filing process and failure to complete it can lead to levy of a penalty and a notice from the tax authorities.
Some debt repayment strategies show immediate results while others focus on long-term gains. Therefore, choosing between the Snowball and Avalanche strategy should be based on what you need the most.
Tue, Aug 29, 2023
All eligible PMJDY account holders can avail an insurance coverage under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
The borrower's credit score is the most important factor for lenders while approving a personal loan. Lenders often prefer credit scores for 750 or above to approve a personal loan.
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.
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