BUSINESS
Valentine's Day Special: Financial planning tips for couples setting up a business
Couples starting a business together must navigate financial planning, insurance, tax benefits and personal goals to ensure a strong financial foundation and a healthy relationship.
BUSINESS
RBI's 25-bps repo rate cut: Should you go for special-rate FDs now?
With the RBI-MPC reducing the repo rate by 25 basis points to 6.25 percent on February 7, depositors might have to brace themselves for lower fixed deposit interest rates and reduced passive income in the months to come. However, they can consider locking their funds into special-rate FDs that are being offered by several banks until March 31, 2025.
BUSINESS
RBI cuts repo rate by 25 bps: How home loan borrowers can lower their interest rate burden
The RBI's 25-basis point repo rate cut will bring relief to home loan borrowers. Learn how you can maximise savings through refinancing, partial prepayments and negotiating with lenders.
BUSINESS
RBI cuts repo rate by 25 bps: Home loan borrowers set to save big from lower interest payout, EMIs
The repo rate cut, combined with the benefits from the revised tax slabs announced in the Union Budget 2025 for the new tax regime, is likely to boost loan eligibility and repayment capacity in the upcoming fiscal year
BUSINESS
ITR filing: Know the new Budget 2025 rules for filing updated income tax returns
Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and restrictions for revised, belated, and updated ITR filings.
BUSINESS
More money in your hands after Budget 2025? Use the tax-savings wisely to boost your investments, not spends
Financial experts recommend strategic investing, prioritising long-term goals over short-term tax benefits.
BUSINESS
Time limit for filing updated tax returns extended from two years to four years in Budget 2025
The extension from 2 years to 4 years would give taxpayers more flexibility to correct mistakes.
BUSINESS
TCS exemption limit raised to Rs 10 lakh in Union Budget 2025, relief for students and travellers
Finance Minister Nirmala Sitharaman has proposed to raise TCS exemption limit from Rs 7 lakh to Rs 10 lakh and exempt education remittances funded through loans, benefiting students, travellers, and investors.
BUSINESS
Senior citizens' delight: Union Budget 2025 eases TDS limits on FD interest income
Finance Minister eases tax deduction limit on interest income and increased TDS limit on rent, benefiting senior citizens in Budget 2025.
BUSINESS
Budget 2025 wish list: What the middle-class tax-payers expect from FM Nirmala Sitharaman on Feb 1
Income tax payers have a list of demands, including a 30 percent tax slab applicable only to those earning above Rs 20 lakh, the incorporation of Section 80C and housing benefits into the new tax regime, and a special deduction for expenses related to upskilling and professional development programs.
BUSINESS
Six money changes in February: Union Budget, RBI policy, new UPI guidelines and more
From the Union Budget 2025 and the RBI's monetary policy announcement to changes in UPI payment acceptance norms and modifications to Kotak 811 savings accounts, several events are set to impact your personal finances.
BUSINESS
SBI introduces Patrons fixed deposit scheme for super senior citizens: Should you invest?
SBI's Patrons Fixed Deposit Scheme offers super senior citizens (80+) an additional 10 basis points interest, but its rates are relatively low compared to other SBI schemes and bank FDs for some tenure FDs.
BUSINESS
RBI ombudsman sees a surge in banking complaints. Here’s how you can resolve your grievances
RBI Ombudsman: Banking complaints rose 32.81 percent to 9.34 lakh between April 1, 2023, and March 31, 2024, with loans and advances topping the list.
BUSINESS
Republic Day special: Defence personnel's guide to securing their financial future
Armed forces personnel have to deal certain unique financial planning hurdles because of frequent relocations and professional risks, but a deft strategy can help them overcome such challenges.
BUSINESS
Should you invest in special, short-term FD schemes rolled out by SBI, Bank of Baroda and others?
These schemes offer higher interest rates, benefiting conservative investors and senior citizens. They help banks manage liquidity and asset-liability mismatches.
BUSINESS
Home loan interest rates may drop: Here's how to maximise savings with prepayments
Since the interest component in your EMI is higher in the initial years, a prepayment made in the first five years of the loan will help you save more on outgo compared to doing so in later years.
BUSINESS
Budget 2025: Hike in tax deduction on health insurance premiums critical, say experts
Tax and financial experts recommend raising tax breaks on health insurance premiums to Rs 50,000 for individuals and Rs 75,000 for senior citizens to factor in escalating medical costs.
BUSINESS
UPI's six new features that boost payment ease for Indian residents and NRIs
NPCI has rolled out several new UPI features – UPI Circle, UPI-PayNow link, instant loans on UPI, UPI Lite, and UPI 123PAY – in recent months. Here’s all that you need to about these facilities.
BUSINESS
SBI's Har Ghar Lakhpati RD scheme unboxed: Should you invest or pass?
SBI’s Har Ghar Lakhpati: It offers competitive interest rates, guaranteed returns, and capital safety, but with penalties for premature withdrawals and delayed payments.
BUSINESS
Budget 2025-26: Taxpayers want higher deductions on savings, fixed deposit interest income
Union Budget 2025: Individual tax-payers, especially senior citizens, are hoping for increased tax deductions under Sections 80TTA and 80TTB in Union Budget 2025 in the face of rising inflation and healthcare costs
BUSINESS
Budget 2025 Wishlist: Individual taxpayers want tax relief, deductions, slab relaxation on February 1
Income tax payers have a long wishlist, featuring a 30 percent tax slab only for those with incomes over Rs 20 lakh, inclusion of 80C and housing benefits under the new tax regime, and a special deduction for upskilling programmes.
BUSINESS
Budget 2025 wishlist: Four housing loan reforms that home buyers want on February 1
Budget 2025-26: Home loan borrowers hope the Union Budget will enhance tax benefits to make home ownership more affordable. Their demands also include higher deductions under Sections 80C and 24B, among others.
BUSINESS
American Express’ Platinum card offer: Only for the affluent class with higher spends and specific needs
The card-issuer is offering its existing cardholders the option to upgrade to its premium variant AMEX Platinum card, which promises additional benefits and features. But is it worth the hefty annual fee of Rs 77,880, including taxes?
BUSINESS
Seven money resolutions for a financially secure 2025
Kickstart 2025 by reassessing your financial priorities. Break free from the burden of debt, invest wisely, and prioritise financial security. Create a tailored financial plan, avoid high-risk investments, and stay disciplined to achieve long-term financial stability.
