BUSINESS
Financial literacy | Kitty parties that are about business, not just banter
The appeal of such unregulated savings schemes cuts across socioeconomic strata, but women should not overly rely on them for investment.
BUSINESS
Indian women now prioritise retirement and travel as planning for kids’ weddings takes a back seat
International Women’s Day: Indian women are taking charge of their finances and prioritising their retirement security over children’s marriage goals, besides importance given to international travel as a key goal, say financial planners.
BUSINESS
Women borrowers on the rise, CIBIL-Niti Aayog report shows 22 percent CAGR over five years
Gold loans have emerged as a preferred borrowing option for women, with 4 crore loans worth Rs 4.7 lakh crore accounting for 38 percent of all loans taken by women in 2024. This represents a five-fold increase in gold loan volumes since 2019.
BUSINESS
5 changes that will impact your wallet in March
There’s a lot happening in the last month of the financial year. Be aware of the financial changes and dates that will affect your financials this month
BUSINESS
What's the smarter choice — to buy a flat or rent one?
One needs to decide based on one’s long-term career plans, finances, home loan eligibility, and lifestyle choices, among other factors.
BUSINESS
Rupee depreciation: How Indian students can minimise the impact on overseas education budget
Rupee depreciation acts as hidden inflation for Indian students aspiring to study abroad, significantly increasing the cost of education, even if universities do not raise tuition fees
BUSINESS
New India Co-op Bank crisis: Customers should change bank mandates for EMIs, redirect MF SIPs
Cancel ECS debit instructions issued to New India Co-op Bank for loan EMIs and pick another bank account to honour your repayment commitments. Change the bank mandates to ensure that your mutual fund redemption proceeds are credited to an alternative, functional account.
BUSINESS
RBI’s curbs on New India Co-op Bank: Here’s how deposit insurance can help affected depositors
The bank’s depositors will not be able to make withdrawals for six months. The RBI has also barred new loans and deposits. However, customers can file deposit insurance claims to the extent of Rs 5 lakh.
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.
