News and Updates

Keep yourself updated with the latest financial news and updates.

Posted On : 12-Jan-2023

Reference : ET Wealth

SHOULD YOU BOOK YOUR FD NOW OR WAIT FOR HIGHER INTEREST RATES? HERE'S WHY YOU NEED TO DO BOTH

Despite substantial rate hikes done within the last 9 months the likelihood of a further hike in interest rates cannot be ruled out completely yet. So, if investors book or start a long-term FD now, they may regret it later if the rates go up. On the other hand, if they wait longer for the rates to peak — which might not happen — they risk losing out on the current high rate.

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Posted On : 08-Jan-2023

Reference : Money Control

RBI eases fresh KYC process, says can be done remotely via video

The RBI said customers can use registered email IDs, registered mobile numbers, ATMs, digital channels (such as online banking/internet banking, mobile application), letters, etc. to do re-KYC, without the need for a visit to the bank branch.

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Posted On : 08-Jan-2023

Reference : Mid Day

Mumbai Police issues advisory for property owners in city, shares guidelines to be followed while renting

The advisory which was issued by Vishal Thakur, DCP, Operations, Mumbai Police said, It is necessary that some check should be put on Landlords/tenants so terrorist/anti-social elements in the guise of tenants may not cause subversive activities, riots, affray, etc. and that immediate action is necessary for the prevention of the same.

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Posted On : 08-Jan-2023

Reference : ET Wealth

10 SMART MONEY MOVES TO IMPROVE YOUR FINANCES, MAKE YOU RICHER IN 2023

Find out how to make the most of the opportunities that could unfold in the New Year.

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Posted On : 08-Jan-2023

Reference : ET Wealth

TAP CROWDFUNDING TO RAISE FUNDS FOR A CAUSE: HOW TO START A FUNDRAISER

Crowdfunding is a boon for those who want to raise a large amount of money for an important need.

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Posted On : 12-Dec-2022

Reference : Financial Express

How to plan your retirement in the most effective way

Retirement planning from a financial point of view is about creating a corpus that provides adequate returns to allow individuals to enjoy the lifestyle they desire.

 

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Posted On : 04-Dec-2022

Reference : Business League

SMS New Rule : New rule of SMS came for users using Jio, Airtel, VI, BSNL sim, you should also know!

SMS New Rule: Whenever the operator issues a new SIM, the incoming and outgoing services of SMS will be stopped for the first 24 hours.

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Posted On : 25-Nov-2022

Reference : Financial Express

BOOK A HOUSE, PAY JUST 0.1% OF HOME LOAN AS EMI FOR THREE YEARS – NEW OFFER

Bajaj Housing Finance Home Loan MY EMI offer: Customers can pay as low as 0.1 percent of the loan amount as EMI, starting at Rs. 4,999, for a period of up to 3 years, or till project completion.

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Posted On : 25-Nov-2022

Reference : ET Wealth

WILL NEW CREDIT CARD RULE HELP YOU? RBI FIXES MINIMUM AMOUNT DUE FORMULA FOR ALL CARDS

RBI recently asked banks and card issuers to calculate the minimum amount due on credit card bills in a way that does not result in negative amortization. How will banks and card issuers calculate the minimum amount due now? All you need to know

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Posted On : 11-Nov-2022

Reference : Money Control

How to make the most of fixed deposits in 3 easy steps

Fixed deposit ‘laddering’ is about dividing your FD investments and spreading them over multiple smaller FDs with different maturity periods.

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Posted On : 11-Nov-2022

Reference : ET Wealth

PAYING RENT TO NRI LANDLORD? DEDUCT TDS, ELSE PAY PENALTY

Are you paying housing rent to a Non-resident Indian? If yes, then ensure that you are deducting tax before making a rent payment to the NRI landlord. Remember under the income tax laws, as a tenant, if you fail to deduct tax, then you will be liable for penal consequences. Read on to know the income tax rate at which taxes are to be deducted and how to deposit them with the government.

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Posted On : 11-Nov-2022

Reference : The Economic Times

7 MUTUAL FUND SCHEMES DELIVER MORE THAN 20% SIP RETURNS IN 10 YEARS

Apart from the four small-cap funds, the list features one flexi-cap fund, one multi-cap fund, and one large & mid-cap fund. These schemes offer better returns in a 10-year period than many small-cap funds. None of the large-cap funds made it to the list.

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Posted On : 06-Nov-2022

Reference : ET Wealth

INCOME TAX RULES ARE DIFFERENT FOR SELLING UNDER-CONSTRUCTION PROPERTY VS FULLY CONSTRUCTED HOUSE

Have you recently sold or are planning to sell an under-construction property? If yes, then ensure that you know the income tax laws on capital gains correctly. The income tax laws are different for under-construction properties and fully constructed houses. Read on to learn to calculate capital gains on selling under-construction property and the income tax rate at which tax will be payable on such capital gains.

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Posted On : 06-Nov-2022

Reference : ET Wealth

NOW YOU CAN EARN RENT ON YOUR DIGITAL GOLD, BUT SHOULD YOU GO FOR IT?

SafeGold, an online digital gold platform, has launched a service called Gains. Under this service, a customer who has a digital gold account with them can rent out the accumulated gold from their vaults to the jewelers that are available on the website. However, before you go ahead, you must understand the risks involved in the scheme.

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Posted On : 06-Nov-2022

Reference : Money Control

HOW TO MAXIMISE TAX SAVINGS ON YOUR HOUSE PROPERTY INCOME

While interest paid on a housing loan is deductible up to Rs 2 lakh, there is no limit on the interest claim for a let-out property under the Income Tax Act.

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