DRDO 2023 Jobs Recruitment Notification.Defence Research and Development Organization inviting applications for the positions of Junior Research Fellow.Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 20th July, 2023. No.of Posts and Vacancies :- Junior Research Fellow – 01 Qualification: Graduate degree in professional course (B.E./ B.Tech) […]
Why mutual fund AMCs are declining fresh lump-sum investments in small-cap funds — explained
Mutual funds investment: Amid Indian stock market climbing to a new peak in recent sessions, most of the benchmark indices including small-cap index has surged to record high levels, delivering stellar return to the equity investors. However, for surprise to some fresh mutual fund investors, some asset management companies (AMCs) declined to receive fresh lump-sum […]
Mistakes in ITR filing: Be alert, wrong deductions and exemptions in income tax returns can land taxpayers in trouble
Mistakes in ITR filing: Income taxpayers should accurately report income and claim eligible deductions to avoid trouble with the tax department. When you file your tax return, you are expected to report your income accurately and claim deductions and exemptions that you are eligible for based on the applicable tax laws. Wrongfully claimed deductions can […]
EPFO news: How EPF account holders can update exit date online after changing jobs
Have you changed your job? And now you are worried about how to update the exit date in your Employees Provident Fund (EPF) account. Then, there is no need to worry as employees can now update their date of exit on the EPFO site after quitting their job. Subscribers can update their exit date online […]
SBI hikes loan interest rates by 5 bps on these tenures; Check latest State Bank of India loan rates
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. […]