The RBI (Reserve Bank of India) has updated the rules for fixed deposits (FDs) with NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies), effective January 1. These changes simplify premature withdrawal options and enhance communication between financial institutions and depositors. Full Withdrawal for Small Deposits Deposits of up to ₹10,000 can now be fully …
As per the Deloitte India report, Home loan borrowers and industry experts have expectations from the Union Budget 2025-26, hoping that Finance Minister Nirmala Sitharaman will address their long-standing demands for increased tax benefits. Despite the government’s focus on promoting the new minimal exemption tax regime, stakeholders are advocating for reforms to make homeownership more …
Union Labour Minister Mansukh Mandaviya has announced that the Employees Provident Fund Organisation (EPFO) will launch an upgraded version of its software, named EPFO 3.0, by June 2025. The new system will offer enhanced efficiency, comparable to banking systems, and will feature a more user-friendly website interface. ATM Cards for EPFO Members Along with the …
The Odisha government has introduced significant reforms to improve social welfare, renewable energy adoption, and administrative efficiency. These initiatives, announced by Chief Secretary Manoj Ahuja and Chief Minister Mohan Charan Majhi, aim to uplift vulnerable populations and promote sustainable development. Enhanced Social Security and Women-Centric Schemes Chief Minister Mohan Charan Majhi approved the enhancement of …
Retirement planning is crucial at every stage of life, and starting early offers significant advantages. For someone aged 40, retirement might seem distant, but beginning now can ensure a secure and stress-free financial future. This article explores how much a 40-year-old needs to save for retirement at different expense levels, using examples and a retirement …
Investing is not a one-size-fits-all activity. Different people have different goals, needs, and preferences when it comes to saving and growing their money. That’s why it’s important to consider your life stage when making investment decisions. Lifestage investing is a strategy that adapts your portfolio to your changing circumstances and objectives. It helps you balance …
Former President A.P.J. Abdul Kalam once said, “Learning gives creativity, creativity leads to thinking, thinking provides knowledge, and knowledge makes you great.” His insight underscores that formal education opens doors, but our use of these opportunities defines our success. National Education Day, celebrated on November 11, emphasises education’s role across all areas of life—including personal …
The Government of India prioritises the welfare and empowerment of girls through various schemes and initiatives, focusing on education, health, and social inclusion. Several government programs aimed at improving the status of the girl child have been instrumental in ensuring gender equality and addressing challenges faced by young girls. In this article, learn about a …
The Central Board of Direct Taxes (CBDT) has announced an extension for filing belated and revised Income Tax Returns (ITRs) for the assessment year (AY) 2024-25. The new deadline is now January 15, 2025, up from the earlier due date of December 31, 2024. This extension comes as a relief to taxpayers who missed the …
The Central Board of Direct Taxes (CBDT) has announced an extension for the Direct Tax Vivad Se Vishwas Scheme 2024, providing taxpayers additional time to settle disputes under reduced tax rates. The new deadline for filing declarations is now January 31, 2025, offering relief to taxpayers amid stringent timelines. Extended Deadline and Benefits for Taxpayers …
