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For each month, banks offer only a set number of free ATM transactions and also it varies depending on the type of savings account opted. When the set limit is crossed, banks impose fees on any additional transactions, including those for financial and non-financial services. The free transactions and charges vary if the withdrawal is…

PPF account: Public Provident Fund (PPF) is a popular long-term savings scheme in India. At present, it offers a 7.1% interest rate effective 1 April 2023. Like every other savings scheme, PPF also has some disadvantages that you should consider before investing. Top 5 reasons not to invest in PPF 1)Lower than the EPF interest…

Chandrayaan-3 Mission: Space strategist PK Ghosh on Sunday said that one of the biggest challenges in the landing of Indian spacecraft on the lunar surface is to get the spacecraft from a horizontal to a vertical position. After a successful reduction of the orbit of the Chandrayaan-3’s lander module, the Indian spacecraft is expected to…

Public Provident Fund (PPF) vs Fixed Deposit (FD): Depending on a person’s unique financial status and investment objectives, both a fixed deposit (FD) and a public provident fund (PPF) can be excellent options for saving and investing. While FDs offer a fixed rate of interest for a predetermined amount of time, PPFs offer a variable…

The EPFO has hiked interest rate on employees’ provident fund (EPF) to a three-year high of 8.25 per cent for 2023-24, against 8.15 per cent earlier. The interest rate is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually….

Balances in savings / current accounts that are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity are classified as “Unclaimed Deposits”. How to claim the unclaimed deposits? Every bank is required to show the details of unclaimed accounts on its website, as per the RBI…

In this article, we explore essential considerations to keep in mind prior to filing your income tax return. Before filing your income tax return, it’s essential to be well-informed about the process. Most tax filing sites (ERIs) that are registered with the Income-tax Department (ITD) will now ask you for an OTP which will help…

In a pioneering move, The Reserve Bank of India (RBI) has introduced a draft rule that empowers debit, credit, and prepaid card users to select their preferred card network, marking a potentially groundbreaking development worldwide. This rule challenges the existing practice where card network options are predetermined by agreements between issuers and networks RBI draft…