YES Bank has revised its fixed deposit (FD) interest rates starting April 21, 2025. The bank has reduced its highest FD rate by 25 basis points (bps)—from 7.75% to 7.50%—for deposits below ₹3 crore. This is the second rate cut in recent weeks, following the RBI’s 25-bps cut in repo rate to 6%. The change …
As per news reports, the Indian government is reportedly reviewing a proposal to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding ₹2,000. As UPI has become an essential part of daily life, the potential tax has raised eyebrows across user segments, from individual users to small business owners. Read More: …
Gold prices in Dubai change daily, influenced by global market trends, geopolitical developments, and currency fluctuations. Whether you’re looking to invest, buy jewellery, or simply stay updated, tracking these price movements can help you make smarter financial decisions. Here’s a look at today’s (April 22) gold prices in Dubai. Dubai Gold Rate Comparison: Today vs. Previous …
Are you one of those Sovereign Gold Bond (SGB) investors who missed the latest premature exit window on April 16, 2025? Now, you are wondering what will happen to your investments. Don’t worry, you will not lose your investments. Read this to find what your options are now. April 16, 2025, marked the premature redemption …
A Systematic Withdrawal Plan (SWP) is a feature offered by mutual funds that allows investors to withdraw a fixed amount of money at regular intervals from their existing investment. Unlike lump sum withdrawals, an SWP provides a steady stream of income, making it a popular choice for retirees who need consistent cash flows, similar to …
Filing your Income Tax Return (ITR) for the first time? The online portal for Assessment Year (AY) 2025-26 is now open, and while the process may seem complicated at first, it can be easy if you know what to do. Here are five important things you should remember when filing your ITR for the first …
If you’re paying house rent over ₹50,000 a month, the Income Tax Department now requires you to deduct TDS (Tax Deducted at Source) before paying your landlord. This is part of Section 194-IB of the Income Tax Act and helps the government keep track of rental income. What Does the Rule Say? As per Section …
Compounding is often called the eighth wonder of the world—and for good reason. It allows your investment returns to earn further returns over time, leading to exponential growth. When you invest a lump sum and leave it untouched for decades, the effect of compounding can be powerful, especially in growth-oriented instruments like equity mutual funds. …
Good news for senior citizens! The government has officially exempted withdrawals from the National Savings Scheme (NSS) from tax deduction at source (TDS). This step ensures that seniors can access their savings without facing unexpected tax cuts. What Is NSS? The National Savings Scheme (NSS) is a government-supported savings plan aimed at encouraging long-term savings …
With the announcement of the 8th Pay Commission, discussions have intensified around the fitment factor, an important component that will determine the revised salaries and pensions of central government employees and pensioners. According to various reports, the fitment factor could range between 1.92 and 2.86, as per news reports. This multiplier is key to calculating …
