Personal Finance - Angel One - Page 146

The government has raised the Tax Deducted at Source (TDS) limit on fixed deposit (FD) interest for senior citizens from ₹50,000 to ₹1 lakh per year. This change, effective from April 1, 2025, aims to reduce the administrative burden on senior citizens. However, tax experts emphasise that this is only a procedural change, and senior …

The government of India has reduced the import tariff on gold by $11 per 10 grams, lowering the price to $927 per 10 grams. This change comes amid ongoing selling pressure on gold, primarily due to a rebound in the dollar index and profit-taking. The import tariff price of gold represents the base price set …

Generating a stable monthly income can be a key financial goal for many investors, whether they are retirees seeking financial security or individuals looking for passive income. With evolving market conditions and changing interest rates, selecting the right investment options in March 2025 requires a balanced approach between risk and returns. From fixed-income instruments like …

The announcement of the 8th Pay Commission has brought excitement among central government employees, who are eagerly awaiting its implementation. The proposed effective date is January 1, 2026, marking the beginning of the last quarter of the 2025-26 financial year. This financial year’s budget was presented by the Finance Minister on February 1, 2025. However, …

Buying gold with a credit card is an option many consider, especially with rising gold prices and festive demand. While it offers convenience and instant ownership, factors like RBI regulations, interest rates, and repayment terms must be considered. Does this move affect your financial health? Let’s explore what the RBI says and weigh the pros …

As we move into the new financial year 2025, the investment landscape continues to evolve with new opportunities and emerging trends. Whether you’re a seasoned investor or just getting started, it’s crucial to explore the best investment options that can help you achieve your financial goals in the coming year. From traditional assets like stocks …

If you are investing in savings schemes like Fixed Deposits (FD), it is crucial to assess whether their returns can outpace inflation. Over the last few years, India’s inflation rate has hovered between 4% and 6%. If inflation continues to grow at an average rate of 5% annually for the next 25 years, the real …

Following the Reserve Bank of India’s (RBI) decision to reduce the repo rate by 25 bps to 6.25%, several public sector banks have revised their home loan interest rates. As a result, some banks are now offering repo rate-linked home loans starting at 8.1%. Credit Score: A Key Factor in Home Loan Interest Rates Despite …

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 …