State Bank of India (SBI) has hiked the marginal cost of funds-based lending rate (MCLR) by 5 basis points (bps) with effective from July 15, 2023, according to the SBI website. The MCLR is the lowest interest rate at which a bank can make a loan to a customer. The MCLR-based rates will now range […]
SBI Fixed Deposit (FD) or Post Office term deposit? Where to invest your money? Latest interest rates compared
SBI FD vs Post Office time deposit: Fixed deposits are considered one of the safest investment options. However, currently, when SBI fixed deposit rates and fixed deposit rates of other banks are stagnant, small saving schemes like post office term deposits are lucrative investment schemes for investors who have a low-risk appetite. SBI fixed deposit […]
How a pensioner should invest to plan for her child’s marriage
My mother, a homemaker, has been getting a monthly family pension of ₹50,000 ever since my father died a few years ago. When she was 50 years old, she received a lump sum corpus of ₹60 lakh from various sources after tax deduction. She invests ₹10,000 per month in the SBI Bluechip Fund. Now, she […]
Form 26AS or AIS: Which is more important document to file ITR?
Form 26AS or Annual Information Statement (AIS) – what should an individual taxpayer refer to while filing their income tax return (ITR)? Prior to the launch of the AIS, an individual was required to check Form 26AS. This was done to ensure that all the taxes deducted in a financial year are reflected in the […]
HDFC twins merger: Will HDFC Ltd borrower’s home loan EMIs, interest rate change?
HDFC Bank has sent an email, especially addressing HDFC Ltd customers welcoming them to the bank and reassuring them that nothing has really changed. Housing Development Finance Corporation (HDFC) and its subsidiary HDFC Bank merged on July 1, 2023, and as a result, shares of HDFC stopped trading on stock exchanges as of Thursday, July […]
Credit card rule change: Axis Bank cuts cashback, rewards on Flipkart Axis Bank credit card from this date
If you use a Flipkart Axis Bank credit card, you are in for some bad news. Starting from August 12, 2023 the private sector bank has reduced select cashback and reward points on Flipkart Axis Bank credit cards. Here is all you need to know about the changes on the Flipkart Axis Bank credit card. […]
Here’s HOW Passengers can travel without confirmed train ticket
Getting train tickets from Indian Railways during the festive season gets very difficult. However, to tackle the problem, behemoth organisation comes up with multiple solutions like starting special trains or increasing frequency, among other things. In a similar effort, the organisation has announced that passengers can travel in trains even if the ticket is not […]
Know Everything about Jio AirFiber prices, speed – Details here
Reliance Jio is all set to launch Jio AirFiber, users will be able to access wireless internet at fiber-like speed, enjoy various low-latency and high-bandwidth applications, parental control, Wi-Fi 6 support and more. What is Jio AirFiber Jio AirFiber is a new service that promises to deliver fiber-like speed over the air using 5G technology. […]
WhatsApp now lets users mute unknown calls
Meta-owned instant messaging application WhatsApp is planning to launch a new important feature on its platform in the coming months. WhatsApp is working on a new feature to mute calls from unknown numbers. “WhatsApp is developing a new feature that allows users to silence calls from unknown numbers while still showing them in the calls […]
Wipro launches ai360, will invest $1 billion into AI the next three years
IT Major Wipro has announced setting up the ai360 service and has also committed itself to invest around 1 billion dollars into artificial intelligence in the next three years. Wipro is aiming to unleash an era of ‘productivity and commercial opportunities’ with the application of generative AI. Wipro CEO and Managing Director Thierry Delaporte while […]