Senior citizens investing in fixed deposits for 5 years can earn up to 9.1% interest. Various banks like Suryoday and Unity Small Finance Bank are offering competitive rates. Learn more about FD tax benefits and available options. Best FD Interest Rates for Senior Citizens Senior citizens can earn up to 9.1% interest on fixed deposits …
When your bank offers you a choice between reducing your Equated Monthly Instalment (EMI) or shortening your home loan tenure, it is essential to evaluate both options before making a decision. And, the same can be done using the Home Loan EMI Calculator. Reducing EMI: This decreases your monthly repayment, freeing up cash for other …
The Odisha government has asked all Subhadra Yojana beneficiaries who have not received their payments to complete their Direct Benefit Transfer (DBT) process and eKYC verification. Those who fulfill these requirements will receive their first or second installment by March 8, as per the reports. Over 2.5 Lakh Beneficiaries Yet to Complete Verification According to …
The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for Universal Account Number (UAN) activation and linking bank accounts with Aadhaar to February 15. This step is crucial for employees to avail of benefits under the EPFO’s Employment Linked Incentive (ELI) Scheme. What is the ELI Scheme? Introduced in the Union Budget for 2023-24, …
Buying a home is a major financial decision, and choosing the right loan tenure can significantly impact your long-term finances. Should you opt for a 20-year home loan with higher EMIs but lower overall interest, or a 30-year tenure with smaller EMIs but nearly double the interest cost? Let’s break it down with a real-world …
The Reserve Bank of India’s 25 basis points repo rate cut to 6.25% has prompted banks like Canara Bank, PNB, and Union Bank to lower their repo-linked lending rates. This offers home loan borrowers the option to reduce their EMIs or shorten loan tenure, benefiting both new and existing borrowers. Banking Giants Revise Repo Linked …
The central government has launched the Pradhan Mantri Vidyalaxmi (PM Vidyalaxmi) education loan scheme to provide financial assistance to meritorious students seeking higher education. Approved by the Union Cabinet in November last year, this initiative aims to remove financial barriers for students admitted to 860 top Higher Educational Institutions (HEIs) in India. The scheme is …
The 8th Pay Commission is expected to begin its work in April of the financial year 2025-26, according to Expenditure Secretary Manoj Govil. Govil stated that the commission’s terms of reference (ToR) will need approval from the Union Cabinet before proceeding. No Immediate Financial Impact Expected Govil clarified that the government does not anticipate any …
Fixed deposits (FDs) remain a popular investment option in India, especially for those seeking safe and high-yield returns. As of February 5, 2025, more than 20 banks are offering FD interest rates of 8% or higher as per reports. Read More About What is Fixed Deposit (FD)? Top Banks Offering the Best FD Rates Small …
The Universal Account Number (UAN) is a 12-digit unique identifier assigned by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India. The UAN remains constant throughout an employee’s career, ensuring that all provident fund (PF) accounts across different employers are linked under one unique number. This allows for …
