Post office small savings schemes such as PPF, Sukanya Samriddhi Yojana, and Senior Citizens’ Savings Scheme can now be transferred to banks seamlessly, enhancing convenience for savers and enabling digital access without account closure. Post office small savings account holders…
Deepak Shenoy challenges traditional views on SIPs, emphasising their alignment with monthly earning and spending cycles for better disciplined investing and wealth building. Deepak Shenoy has argued that the real case for systematic investing is less about market timing and…
Mutual fund taxation in India now depends on fund classification, holding period, and purchase date, with recent changes after the 2024 Union Budget significantly impacting short- and long-term gains for investors. Mutual fund tax in India is not a flat…
India’s government-backed SCSS provides retirees with a predictable income stream at 8.2% interest, offering stability and tax benefits for long-term retirement planning. For many retirees, the central challenge is not accumulating savings but turning them into a dependable income stream.…
The Press Information Bureau warns taxpayers to remain vigilant against a rising phishing attempt demanding Rs 6,000, emphasizing the importance of verifying notices through official channels to avoid falling victim to fraudsters mimicking the Income Tax Department’s communications. The Press…
Members struggle with opaque rejection messages and delays in claiming their provident fund savings, highlighting the challenges of digitalisation in social security systems. EPFO members are increasingly describing a familiar but dispiriting pattern: provident fund claims that appear to stall…
Seafarers looking to invest in mutual funds are advised to stick to recognised online platforms and avoid sharing sensitive information over insecure messaging apps, with guidance highlighting the importance of security and choosing suitable plans for remote management. For seafarers…
A Delhi tax tribunal has clarified that cash deposits into a property dealer’s account, made on behalf of buyers, are not considered taxable income, highlighting the importance of evidence and proper documentation in property-related financial transactions. A Delhi tax tribunal…
Axis Bank will increase its Dynamic Currency Conversion markup on credit cards to 3.5% and introduce new fee structures and reward restrictions, signalling a sector-wide recalibration of card costs affecting frequent travellers and online shoppers. Axis Bank is set to…
The Reserve Bank of India has cut short the deadline for its FCNR(B) swap facility to August 31, 2026, ahead of expectations, amid heavy utilisation and concerns over liquidity and funding costs among banks. The Reserve Bank of India has…
As markets fluctuate, experts advocate blending equity investments with annuities to secure a reliable income stream for retirees, marking a evolution in retirement finance. Many people building retirement wealth lean heavily on equity and mutual funds for long-term growth, but…
The Reserve Bank of India has unveiled draft proposals to overhaul floating-rate loan pricing, aiming to increase transparency, limit lender discretion, and give borrowers a clear pathway to adopt the new framework by 2029. India’s central bank has proposed a…
