Tapan Singhel: Getting insured is crucial for attaining financial freedom, as it ensures a worry-free life
"Covering health, life and crucial assets, such as house and car, holds key to financial independence."
Money triumphs and pitfalls: How two 75 year olds navigated their finances with India’s independence journey
Indians who have crossed the milestone of 75 years share their financial triumphs and regrets during their younger days as well as silver years. Learn the right money lessons from their experiences to ensure a clear pathway towards financial freedom.
Coming soon: More OPD health insurance products, value-added services on motor insurance
After insurance regulator IRDAI allowed novel motor insurance add-ons and introduced use-and-file regime, insurers expect to launch ‘innovative’ products faster.
How to assess a life insurer's claim-settlement ratio
MC Explains | How much can you withdraw from NPS?
Is NPS a better alternative to EPF after tax on interest on contribution over Rs 2.5 lakh? Market-linked returns may seem attractive, but on the flipside, maximum lump-sum withdrawal of 60 percent of retirement corpus, with the rest being converted into annuities, is a limitation.
Banks and housing finance companies that offer the cheapest home loans
Despite RBI's repo rate hike in June, several banks such as Indian Overseas Bank (IOB), Bank of Baroda (BOB) and State Bank of India (SBI) continue to offer sub-8 percent interest rates on home loans
Hidden tax benefits of a savings account
How to claim tax benefits on rent without HRA
Simply Save | ITR filing - Know all the tax benefits linked to home loans and HRA
Despite being commonly-claimed tax benefits, many tax-payers are not fully aware of tax rules related to home loans and house rent allowance (HRA) that can result in under-utilisation of tax breaks offered. Tune into Simply Save to know all about tax benefits and rules related to housing and accommodation before you file your returns.
ITR filing | More than 37.3 million returns filed so far this year: I-T department
Delays in accessing Form16 and some glitches on the official e-filing portal have prompted demands to extend the July 31 deadline for filing of tax returns
Own a health insurance policy with room rent sub-limits? Hospital room GST will pinch
Higher hospital room rents will mean steeper proportionate deduction for policies with sub-limits and bigger out-of-pocket expenses for such policyholders. Premiums, too, can go up
Simply Save | Get discrepancies in Form 26AS rectified before proceeding to file income tax returns
As part of Moneycontrol’s income tax return-filing series, Preeti Kulkarni speaks to Mayur Shah of EY to understand why it is important to check and verify Form 26AS before you go ahead with your return-filing exercise.
Getting started with I-T return filing? Verify your Form 26AS and Annual Information Statement first
Tallying the information in your Form-16, bank statements and so on with Form 26AS and Annual Information Statement should be step one in your income-tax return-filing process.
Simply Save | Why students going abroad need an overseas travel insurance cover
Overseas student travel insurance policies cover students' medical expenses incurred during your stay abroad, besides baggage loss, trip cancellation, study interruption and medical evacuation.
Simply Save | Students & parents must check their financial preparedness while obtaining educations loans
Students can obtain education loans once they secure admission letters is one of the biggest misconceptions, Arindam Sengupta of Edufund tells Preeti Kulkarni
What is no-claim bonus in car insurance?
Started your university classes abroad already? Now, keep an eye on these upcoming expenses
Fees for the first couple of years, petty cash to take you through a year’s expenses….there is only so much you can plan before you fly overseas for higher studies. But expenses will crop up once you begin your course. Here’s how to manage your money then
The Aadhaar confusion | Four years on, some banks yet to honour Supreme Court’s Aadhaar verdict
The Supreme Court ruled in September 2018 that it is not mandatory for citizens to furnish an Aadhaar number for opening bank accounts if they are not availing of government subsidies. Moneycontrol investigated whether the order is being honoured. Here is what we found
Mass Layoffs at Startups: How to insulate your finances against career setbacks
The startup space has seen hundreds of employees losing their jobs as funding crunch begins to pinch founders. An emergency fund and health insurance cover are a must to tide over such crises.
RBI raises rate: Part-prepayment, higher EMI to keep your home loan interest outgo in check
Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan
RBI Monetary Policy | Borrowers to see a steep hike in EMIs, interest burden
For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted
Ten banks that offer the lowest interest rates on education loans
Ten banks, all state-owned, offer interest rates of 6.75-7.3 percent on education loans of Rs 20 lakh with a seven-year repayment tenure
Explained: How EPF’s taxable and non-taxable accounts will work
Employees contributing over Rs 2.5 lakh to their EPF account will feel the pinch of tax on interest on the excess amount this year, as the rules will be implemented when EPFO credits interest for FY 2021-22.
Third-party motor insurance premiums are going up from June; here are five things you should know
Insurers have been allowed to raise their third-party motor premium rates after two COVID-affected years. The hikes for car- and bike-owners are in the range of 0.1-20.7 percent.
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