In Q2 of FY 2023-24, Axis Bank issued over 1 million new credit cards and became India’s fourth-largest credit card issuing company. However, a technical glitch in its Edge Rewards Program has threatened to destabilise its financial position by allowing its customers to make high-value transactions for free. How did this happen? In 2023, a technical glitch …
The Employees’ Provident Fund Organisation (EPFO) has decided to maintain the interest rate on employees’ provident fund deposits at 8.25% for the 2024-25 financial year, unchanged from the previous year. When Will Interest Will Be Credited? This decision was made by the EPFO’s Central Board of Trustees during a meeting held on Friday. For the …
As the financial year comes to a close, taxpayers must ensure they have completed essential tax-saving steps before March 31, 2025. Proper planning can help maximise deductions, avoid penalties, and streamline tax compliance. Here’s a checklist of key actions to take before the deadline. Invest in Tax-Saving Instruments Under Section 80C of the Income Tax …
As we approach the closing of FY 2025-26, investors should review their investment strategies and insurance plans to minimise their tax liability and avail themselves of various benefits provided by government insurance schemes. Some of the critical deadlines you must NOT MISS are as follows: 15 March 2025: To Avail ELI Benefits The Employees’ Provident …
Kewal Shah, an experienced fund manager with over a decade in the mutual fund industry, has been appointed as one of the fund managers for the Angel One Nifty Total Market Index Fund. Shah, 35, holds a PGDM in Finance and brings a wealth of experience in fund management, particularly in passive investing strategies. Kewal …
If you own Sovereign Gold Bonds (SGBs) and are considering selling them before maturity, you’ll be glad to know that the Reserve Bank of India (RBI) has announced the latest premature redemption schedule, allowing investors to exit their holdings with zero tax liability under specific conditions. SGBs typically mature in 8 years, but investors can …
Prime Minister Narendra Modi recently visited Bhagalpur, Bihar, to release the 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. However, some farmers may not have received their payment due to incomplete documentation. Why Haven’t Some Farmers Received the 19th Installment? Farmers who have not completed their e-KYC or linked their Aadhaar with …
The National Pension System (NPS) is a flexible and tax-efficient retirement plan that can help individuals, including those aiming for early retirement, build a strong financial foundation. Why NPS is Suitable for Early Retirement NPS is often seen as a long-term investment, but its features make it attractive for early retirees as well. Low Contribution …
“Whether I should invest for long-term or short-term”, you must have questioned yourself or asked experts. Will a larger amount invested for a shorter period help accumulate a larger sum, or will a small investment made for the long term accumulate a bigger corpus? In this article, we answer this and more such questions. Investing …
Have you ever wondered how long it would take to build a corpus of ₹1 crore with monthly investments? In this article, we look at setting aside a fixed sum every month, whether it’s ₹5,000, ₹7,000, or even ₹10,000, and watching it grow over time. At first glance, reaching ₹1 crore might seem like a …
