News

 Interest on deposits drops to 17-year low

Interest on deposits drops to 17-year low

Other banks offer higher interest rates — HDFC Bank pays 5.6% and both ICICI Bank and Bank of Baroda pay 5.55% for the same product.


Issue of RBI 7.75% bonds closes on May 28, 2020

Issue of RBI 7.75% bonds closes on May 28, 2020

The RBI bonds are attractive as they are currently offering a higher interest rate as compared to bank fixed deposits and other financial instruments offering an equal degree of safety.


CBDT notifies revised Form 26AS, to now include real estate, share transaction details

CBDT notifies revised Form 26AS, to now include real estate, share transaction details

The revamped Form 26AS will now come into effect from June 1, the Central Board of Direct Taxes (CBDT) said.


Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.


 Need funds after job loss? Your life insurance policy may help you get it in an easy way

Need funds after job loss? Your life insurance policy may help you get it in an easy way

People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.


Natural Calamity Insurance: Here is how to make insurance claim in case a natural calamity strikes

Natural Calamity Insurance: Here is how to make insurance claim in case a natural calamity strikes

Policyholders should take all possible steps to avert further damage. As insurance companies do not allow policyholders to make a profit out of a claim, therefore, any exaggeration of a claim will not be entertained.


PMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years

PMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years

In the Modified PMVVY, the interest rate will keep varying depending on the financial year in which the investment is made.


LIC launches pension scheme for senior citizens. Check interest rate, other details

LIC launches pension scheme for senior citizens. Check interest rate, other details

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension plan available with LIC for senior citizens Under the plan, the maximum pension amount is limited to ₹10,000 per month


Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.


RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

Home, Personal Loan EMI Moratorium: With the hardship continuing due to the ongoing lockdown, the RBI has extended the moratorium of term loans by a further three months till August 31, 2020.


Lost job or fearing income loss? Know how insurance can help with cash in times of crisis

Lost job or fearing income loss? Know how insurance can help with cash in times of crisis

Believe it or not but there are insurance policies which can help substitute your income in case of contingencies. Let’s understand the different types of insurance plans which help cover the loss of income in this pandemic


Should you go ahead with your home-buying plans soon after the Covid-19 lockdown?

Should you go ahead with your home-buying plans soon after the Covid-19 lockdown?

Before finalising your home-buying plans in the shadow of the Covid-19 crisis, you should take a moment to first understand how the pandemic is impacting the real estate sector.


RBI Makes Loans Cheaper, Offers Big Relief On Interest Payments Too

RBI Makes Loans Cheaper, Offers Big Relief On Interest Payments Too

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,



Impact of RBI’s announcements: 5 things for borrowers, depositors and businessmen to know

Impact of RBI’s announcements: 5 things for borrowers, depositors and businessmen to know

Here is how the new RBI steps will impact the common man including borrowers, depositors and businessmen.


PMVVY Scheme: Modi govt extends Pradhan Mantri Vaya Vandana Yojana for senior citizens; check benefits

PMVVY Scheme: Modi govt extends Pradhan Mantri Vaya Vandana Yojana for senior citizens; check benefits

Initially an assured rate of return of 7.40 % per annum for the year 2020-21 per annum will be provided and thereafter to be reset every year.


Covid-19 to dampen Indian real estate’s recovery over 6-12 months: Report

Covid-19 to dampen Indian real estate’s recovery over 6-12 months: Report

“With this recent pandemic outbreak, the real estate sector is likely to be handicapped in the short term, impacting over 250 related industries and economic sectors."


Britain borrows at negative interest rate for first time

Britain borrows at negative interest rate for first time

It joins Japan, Germany and some other European countries in selling debt yielding less than 0 percent, reflecting the prospect the coronavirus pandemic will cause a severe global recession and bond-buying by central banks to mitigate its impact.


Load More