Personal Finance

June 03, 2023 08:10 AM IST

Five money mistakes to avoid after joining your first job

Avoid impulse buying. Understand tax implications on income and do not take on too much debt. Build an emergency corpus and go for long-term investment planning.

NPS assets at Rs 9 lakh cr, subscriber base at 6.3 cr as of March 2023: PFRDA

The assets under management (AUM) of pension fund managers rose from Rs 2,202 crore in March 2009 to Rs. 8.99 lakh crore by March 2023, shows the PFRDA report

Aegon Life launches life insurance covers for surrogate mothers, egg donors

The launch comes after insurance regulator IRDAI asked companies to roll out such product in line with the Surrogacy Act and Surrogacy Regulations

Link your PAN and Aadhaar by June 30 to prevent PAN deactivation

Not linking PAN and Aadhaar will hinder income tax return-filing process, investments in mutual funds and stocks

Car breakdown or a flat on the expressway? Your credit card can rescue you

When using roadside assistance, it's crucial to understand that this service is not meant to replace comprehensive auto insurance coverage. Roadside assistance typically covers immediate breakdowns and emergencies, but it does not provide coverage for accidents, repairs or general maintenance

HDFC Bank’s Mega Car Loan Mela offers innovative EMI options, which one should you choose?

HDFC Bank is hosting the mega car loan mela on June 2 and 3 in central India and Maharashtra. The bank is offering customers two flexible repayment options – step-up and balloon. Moneycontrol looks into the pros and cons.

How 20% TCS on foreign remittances under LRS can impact overseas spend of Indians

The new changes could impact high networth individuals making investments overseas and those making payments for the purchase of overseas tour packages.

NPS: Securing India’s greying population

With the flexibility to adjust the asset mix based on life stage and the advantage of low management fees ranging from 3 to 9 bps, the NPS presents a compelling opportunity to build a substantial retirement corpus.

Future Generali India launches health insurance policy with multiple optional covers

Eight out ten customers looking for customisation are willing to pay for additional premium, private general insurer Future Generali’s study showed

The undeniable benefits of a Personal Loan, making it your saviour in times of immediate financial requirement

There are multiple life events and situations, where people require financial backing and in those scenarios, taking an IndusInd Bank Personal Loan is beneficial.

Green fixed deposit norms kick in from June 1. Here’s what you need to know

When you invest in a green deposit, the bank uses the money to lend to projects that support the United Nations Sustainable Development Goals, which include renewable energy, green transportation, waste management and so on.

ITR filing mistakes: Common errors to avoid while filing income tax return for FY 2022-23

The deadline for filing income tax returns, July 31, is two months away, but to avoid committing errors at the last minute, start the process as soon as you get access to your Form 16.

Now, a term life insurance policy for people with diabetes; encourages lifestyle changes with conditional discounts

Bajaj Allianz Life Insurance has launched a pure protection term cover targeted specifically at diabetics with hbA1C levels of up to 8. It also offers a 10 percent discount on renewal premiums for those who are able to lower their average blood sugar levels.

Your first salary should be where your investment journey begins

Many first-time employees baulk at investing their first salary because they feel it is too low. All it takes is Rs 500 to start a SIP in a mutual fund.

Want your bank locker to be safer? Don’t ignore the new locker agreement | Simply Save

Bank locker holders have been receiving SMS and emails from their banks asking them to sign revised locker agreements by the June 30, 2023. In a conversation with Moneycontrol, Puneet Kapoor, President - Products, Alternate, Channels and Customer Experience Delivery, Kotak Mahindra Bank explains why bank locker holders are being asked to sign a revised agreement and how this will make their lockers safer than before

Should You Sell Your Mutual Funds Now? What All You Should Take Into Account Before Selling MFs?

Mutual funds are our go-to investment nowadays. Mutual funds let you pool your money to buy stocks, bonds, and other investments and take benefit of better returns with moderate risks. But knowing when to make the right exit is equally important as it is a crucial part of your portfolio. Here are 3 scenarios when you should sell your mutual funds.

SEBI nudges AMFI to form ethics committee to catch bad apples in time

While praising India’s mutual fund sector and its trade body for the stellar work in taking assets under management to Rs 40 lakh crore, SEBI chairperson Madhabi Puri Buch also reminded them that it’s time for more self-regulation.

Do you exhaust your credit card limit often? Your credit score could come under pressure

Late or missed loan and credit card payments can impact your credit score adversely. Credit score checks by different banks while processing your loan application too, can have a temporary negative impact. But if you check your credit score, that will not have a negative impact.

“Something’s cooking:” SEBI’s Buch signals bitter pill for unregistered investment advisors coming soon

With only about 1,000 registered investment advisors in India, SEBI’s pursuit of unregistered investment advisors appears to be slack. However, the SEBI chairperson indicated a solution is expected soon.

MF industry safe, but Sebi will step in if self-regulation isn't strong: Madhabi Puri Buch

AMFI should have an ethics committee in whatever manner it sees fit, and that committee "must take action against individuals doing wrong things on a self-regulatory basis", the SEBI chief said.

The right way to get the first credit card and build a credit history

You can apply for a credit card from a bank you have your salary account with or opt for a secured credit card. Top tips: purchase consumer electronics on monthly instalments and, most importantly, repay before the due date to build a good credit history.

How a ‘Living Will’ can help you die with dignity

Living wills, also known as advance medical directives, are legal documents that allow individuals to specify their preferences for medical treatment in the event they become incapacitated and are unable to communicate their wishes.

Don’t see health insurance premiums rising this year, says SBI General Insurance CEO & MD

Retail health and motor premiums won’t go up due to rise in global reinsurance rates as these are retained by insurers themselves, but fire and engineering might climb due to rise in reinsurance premiums, says Kishore Kumar Poludasu.

Explained: Debt investments through NPS

5 Things You Must Remember To Do If You're Switching Jobs: Watch!

Switching Jobs is the “new normal” for millennials today. It comes with a lot of excitement and also a lot of new changes that we have to adapt to. And while familiarising ourselves with the new job, we often forget to deal with the other important matters. In this video, we will talk about 5 such tasks that you immediately do if you are switching jobs.