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Only few banks are offering above 9% fixed deposit interest rates to senior citizens on certain tenures. Private banks and public sector banks are way behind in offering competitive interest rates when compared to Small Finance Banks (SFBs). Many SFBs are covered by DICGC, which insures of amount up to Rs 5 lakh. This insurance…

Under its “Sugam Term Deposits” scheme, Punjab National Bank (PNB) allows depositors to withdraw any amount before maturity. This can be done without breaking the entire deposit and without losing interest on the remaining deposit under the scheme. However, the interest rate will vary depending on the slab that the FD amount falls in as…

National Pension System (NPS) subscribers are expected to get the Systematic Lumpsum Withdrawal (SLW) option by the end of this quarter, Deepak Mohanty, chairman of Pension Fund Regulatory and Development Authority (PFRDA), told ET Wealth. The Systematic Lumpsum Withdrawal feature will allow NPS subscribers to opt for periodic withdrawal — either monthly, quarterly, half-yearly, or…

To minimise tax deduction and maximise the benefit of government Tax saving schemes it is important to be punctual and complete filing and documentation before the Income Tax department’s deadline. In May, the IT department laid out four important dates related to income tax. The IT department has mentioned due dates for tasks like filing…

Walt Disney’s streaming service in India is set to implement a new policy for its premium users, restricting login access to only four devices. The move is intended to address the issue of password sharing in this crucial market. As per a report by Reuters, this development comes at a time when streaming competitor Netflix…

A highly favoured investment option, fixed deposit (FD), also known as a time deposit or term deposit, is valued for its low-risk profile. Many investors confidently park their extra funds for a set period and receive fixed interest payments at consistent intervals during the chosen term or at maturity. Different banks offer interest rates ranging…

ITR refund: Due date for income tax return (ITR) filing is 31st July 2023. Who is entitled to get a refund, what are the taxation rules of ITR? And how to claim your refund? In this article, I wish to discuss various aspects of income tax refund under the Income Tax Act. 1)When you are…

NPS scheme: The Pension Fund Regulatory and Development Authority (PFRDA) issued a circular, mandating NPS subscribers to upload a few documents effective from 1 April 2023. The pension body mentioned that uploading these documents would ensure timely annuity income payments. Documents to be Uploaded for Quick Distribution of Annuity IncomeAs per the PFRDA’s circular, certain…

Google has got some massive updates in recent times. Apart from the optimisation of the application, several new features have been added. In a recent update, Google has introduced four new options for its online search engine. These features will no doubt help users go into the depth of any topic and under the main…