State Bank of India (SBI) has extended its special fixed deposit scheme for senior citizens – SBI WeCare, which offers higher interest rates to the elderly on tenures between 5 years to 10 years. “SBI takes pride in its association with Senior Citizens and introduces a new Deposit Scheme “SBI WECARE’ protecting their income by…
What is the maximum amount that I can deposit in 4 PPF accounts: 1 for myself and 3 minor my minor children? Is it 1.5 lakh taking all 4 accounts together or 1.5 lakh in each account; 1,50,000×4=6,00,000? As per the PPF rules, 2019 an individual can open one account for himself as well as…
1.The debt avalanche strategy for repaying debt involves paying off loans with highest interest rates first. 2.One must make minimum payments for all debts to protect the credit score, but any extra money should be routed to the loan with the highest rate. 3.Once your debt with the highest interest is paid, move to the…
There is confusion in the minds of many persons as regards who has to file an ITR. Few salaried as well as senior citizens receiving interest income carry an impression that as tax has already been deducted at source they do not have to file any ITR. This is not correct. The obligation to file…
In recent days, Byju’s has been in the headlines for all the wrong reasons. the Bengaluru-based ed-tech startup faced flak for firing people in large numbers, and not paying its employees the provident fund for months. As per media reports, Byju’s has cleared 97% ( ₹123.1 crore) of dues after the EPFO probe into delayed…
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…
WhatsApp is one of the most popular instant messaging apps. The platform keeps bringing new features to its users to enhance the app experience. Now, the instant messaging app may soon offer support for Meta Quest. According to a report by WaBetaInfo, WhatsApp is working to add Meta Quest compatibility on Android beta as a…
A non-senior citizen has Fixed Deposits with multiple banks and is not eligible to submit 15G due to expected total interest exceeding the threshold limit. He does not have any tax liability when he files ITR. Now, in one bank there is no TDS as the interest payable is less than ₹40,000/- and another bank…
YES BANK has launched UPI payments through RuPay Credit Cards. With this, customers can now link their YES BANK RuPay Credit Card with UPI-enabled apps such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik, PayZapp, among others, making credit card-based transactions easier with enhanced security. The launch of UPI Payments through RuPay Credit Cards empowers…
Public Provident Fund (PPF) interest rate: The interest rates of small savings schemes are due for revision today, 30 June 2023. People are wondering whether the govt will hike the interest rate of the Public Provident Fund (PPF) in the July-September quarter as PPF interest rates have remained unchanged since April 2020. At present your…