New Delhi: Sending money has become much simpler with the latest changes in online banking. Gone are the days when you had to visit a bank for such transactions. Now, a few clicks on your computer or mobile device can get the job done. The National Payments Corporation of India (NPCI) has introduced new rules […]
NPS: New Partial Withdrawal Rules Comes Into Effect From February 1, Check Eligibility
The Pension Fund Regulatory and Development Authority ( PFRDA) has issued new guidelines for partial withdrawals under the National Pension System (NPS). It will come into effect from February 1. The PFRDA circular released on January 12, stated that the subscribers of NPS can now make partial withdrawals for purposes such as higher education, marriage, […]
PPF Account: Features, Interest Rate, Withdrawal; Key Things You Need To Know
The public provident fund (PPF) is one of the fixed-income financial instruments. Guaranteed by the government, the returns on the PPF depend upon the market performance, while some offer fixed returns. Some are open-ended with no lock-in period, some have a lock-in period. PPF comes under small savings schemes, of which the interest rates are […]
India’s Net Direct Tax Collections Jump 160.5% In 10 Years; Tax Mop-Up At Rs 16.6 Lakh Crore In FY23
India’s net direct tax collections jumped 160.52 per cent to Rs 16,63,686 crore in 10 years between financial years 2022-23 and 2013-14. The country’s net direct tax collections had stood at Rs 6,38,596 crore in the financial year 2013-14. “Gross direct tax collections of Rs 19,72,248 crore in FY 2022-23 have registered an increase of […]
PPF vs NPS: How FM Nirmala Sitharaman can make pension scheme more attractive in Budget 2024?
National Pension System (NPS) is a Govt of India-sponsored program, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). An NPS subscriber invests in the capital market (equity, govt securities, corporate bonds, and alternative assets) as per their respective risk appetite to build up his retirement corpus. Public Provident Fund (PPF) is […]
Good News For LIC Investors! Shares Cross Retail IPO Price For First Time
New Delhi: The Life Insurance Corporation of India (LIC) stock price have seen good surge in the past couple of months, with the company’s shares crossing retail IPO price of Rs 904 for the first time today (Wednesday, January 17) LIC shares have hit intraday high of Rs 919.45 (52-week high Rs 919.45) on BSE, […]
WhatsApp Brings New Features To Channels Including Voice Notes, Polls, And More
New Delhi: WhatsApp has added several new features to its one-way broadcasting tool, Channels. The new features include voice notes, multiple administrations, and the option to share status and conduct polls, as revealed by Mark Zuckerburg on Wednesday. All of these new features aim at providing users with additional ways to interact with WhatsApp Channels. […]
Income Tax: Top banks offer these interest rates on tax saving fixed deposits. See details here
Conservative investors often invest large sums in fixed deposits to earn assured returns on a regular basis, insulated from wild volatility of markets. Besides regular FDs, investors also explore tax-saving fixed deposits (FDs) for earning higher interest while also saving some money via tax exemption. It is imperative to know that the tax deduction under […]
Google Pay Signs Pact with NPCI to Expand UPI Payments Outside India
Google India Digital Services and NPCI International Payments Ltd (NIPL) have signed an agreement that will help expand UPI payments to countries outside India. The memorandum of understanding (MoU) will enable Indian travellers to make payments in other countries via Google Pay (also known as GPay), eliminating the need to carry cash or resort to […]
Bank Holiday 2024: Banks To Remain Shut Today In These Two States; Check List Here
Are Banks Closed Today? Guru Gobind Singh Jayanti or the Prakash Parv of the tenth Sikh Guru will be celebrated on January 17 this year. The day will commemorate the 357th birth anniversary of the last personal Guru of Sikhism. Thus, banks will remain closed in Chandigarh. On the other hand, banks in Tamil Nadu […]