Financial Planning

How to complete KYC norms for investment in mutual funds

Know Your Customer, or KYC, is a mandatory verification process that confirms your proof of identity, address, and income. It ensures compliance with the government’s direction to protect your banking, investments, insurance, lending, and other personal finance needs. The government or regulators, from time to time, mandate that citizens comply with the KYC norms when investing in financial instruments, such as mutual funds. Here’s a basic guide to update your KYC and check the status online.

Bitcoin nears $73,000 before stabilising above $72,500: What should investors watch?

In the current environment, investors should avoid making impulsive allocation decisions based on short term price swings, says analyst.

Gold, Silver Rate Today (Mar 16) – Live Updates: Gold falls below Rs 1.57 lakh on MCX, silver down nearly 2% amid firmer dollar; will buying return?

Bullion prices edged lower as persistent tensions involving the US-Israel conflict with Iran pushed energy prices and inflation concerns higher, strengthening the US dollar and bond yields.

Education loan rates: How should students assess their repayment capacity if rates go up amid uncertainty?

Student loans can become expensive if rates are hiked, but unlike other retail loans, they come with a moratorium period plus a 1-2 year extension of the loan repayment tenure.

Current Forex Rates: Know how much different banks are charging for USD transfers, cards and cash

A comparison of INR–USD forex rates offered by major banks and travel operators across wire transfers, forex cards and cash transactions

How meal cards and fuel cards could help salaried employees save income tax

For employees, meal cards backed by prepaid instruments help ensure tax-efficient, cashless dining experiences

Buying a house? Check interest rates offered by banks and housing finance companies

Most lenders offer their cheapest home loan interest rates to individuals with very high credit scores, generally 800 or above

Bitcoin holds above $71K as market consolidates; what it means for investors?

Bitcoin maintaining stability above the $70,000 mark could gradually strengthen the foundation for the next leg of upside in the broader crypto market, estimates crypto analyst.

Gold, Silver Rate Today (Mar 13) – Highlights: Gold slips below Rs 1.60 lakh on MCX, silver declines near 2.65 lakh; outlook for precious metals

Bullion prices are being driven by competing macroeconomic factors amid the ongoing Middle East conflict.

Minimum balance penalties: Which banks collected the most, and how to know if you’re charged?

Minimum balance charges often hurt customers who inadvertently fall short. Here's how to avoid AMB charges.

Fraud alert: I-T department warns against fake demand claims, e-PAN; here's how to remain safe

PIB Fact Check and the Income Tax Department have warned taxpayers against clicking on suspicious links or download attachments

Bitcoin tops $71,000 but pulls back to $69K as macro uncertainty caps rally

Investors are now watching the upcoming US jobless claims data. Positive numbers could help BTC test the $72,500 zone, while the support remains at $68,000, says crypto analyst.

Gold, Silver Rate Today (Mar 12) – Live Updates: Bullions rebound; silver inched up 1.2% to Rs 2,71,51 per kg, gold traded at Rs 1,61,721 per 10g

Bullion prices remain influenced by competing macroeconomic forces amid the ongoing Middle East conflict, while a stronger US dollar and rising US Treasury yields continue to cap the metals’ upside.

Retirement at risk: why pensioners should think twice before becoming a loan guarantor

Before agreeing to act as a guarantor, a retiree must know that a guarantee is not a symbolic assurance but a legally enforceable obligation that can expose the guarantor to the entire debt

Crude surge fuels inflation worries, experts urge households to be cautious

Economists warn that a prolonged Hormuz blockade can put pressure of India’s economic growth as well as household budgets

Gold, Silver Rate Today (Mar 11) – Highlights: Gold slips nearly 1% on MCX, silver close to 4% amid oil volatility, macro uncertainty

Bullion prices remain heavily influenced due to competing macro forces and the ongoing Middle East conflict. Whereas the stronger US dollar and rising Treasury yields limit the metal’s upside.

8th Pay Commission Update: No plans to set up separate Pay Revision Committee for CPSE employees below board-level, says Finance Ministry

The government has clarified that no separate Pay Revision Committee (PRC) is proposed for CPSE non-executive employees, as pay and allowances follow uniform guidelines, with variations linked to each CPSE’s financial performance.

Banks collected Rs 19,083 crore from minimum balance penalties in three years: Govt

Customers are generally provided time to restore the required minimum balance before penalty charges are applied as per extant regulatory guidelines.

Bitcoin rebounds near $70K as short liquidations, easing geopolitical tensions lift crypto

Looking ahead, the market’s direction will likely hinge on liquidity expectations and upcoming macro data such as the US inflation data.

Sold two flats, earned Rs 1.15 crore gains: Can another property purchase save tax?

No exemption is available for the pure purchase of a plot of land under section 54 unless you construct a house on the plot and the construction is completed within three years from the date of sale of the house.

Gold, Silver Rate Today (Mar 10) – Live Updates: MCX gold up 0.87%, silver gains 2.86% as US-Israel-Iran conflict keeps bullion elevated

Precious metal prices rebound supported by a pullback in the US dollar.

Gold, Silver Rate Today (Mar 9) – Live Updates: Gold slides below Rs 1.61 lakh, silver drops over 1% as global bullion weakens

The current environment reflects a market that is uncertain but not panicked.