Many small finance banks offer 8-9% on fixed deposits of one to three years compared with an average of 6-6.5% that large public and private sector banks give. In Budget 2020, the ... Read more
Many small finance banks offer 8-9% on fixed deposits of one to three years compared with an average of 6-6.5% that large public and private sector banks give. In Budget 2020, the finance minister increased the insurance cover on bank deposits to Rs 5 lakh. Better returns with a higher cover make FDs of small finance banks a compelling investment option. Should you invest? Read more
Though there was no rate cut in the monetary policy review that happened on 6 February, the RBI has taken several measures that would lead to loans getting cheaper for new as well ... Read more
Though there was no rate cut in the monetary policy review that happened on 6 February, the RBI has taken several measures that would lead to loans getting cheaper for new as well as existing borrowers. We tell you what the big changes are and how they can impact you. Read more
In Budget 2020, the finance minister has proposed certain changes in the way one claims the deduction under Section 80G. The FM also proposed changes with respect to the registrati ... Read more
In Budget 2020, the finance minister has proposed certain changes in the way one claims the deduction under Section 80G. The FM also proposed changes with respect to the registration of charitable institutions that are allowed to take such donations. Read more
After the RBI’s policy on February 6, it could be beneficial for some of you to stick to MCLR regime in the short term. The central bank has taken measures to bring down the cost o ... Read more
After the RBI’s policy on February 6, it could be beneficial for some of you to stick to MCLR regime in the short term. The central bank has taken measures to bring down the cost of funds for banks, which in turn would lead to a downward revision in MCLR. Read more
Coronavirus has resulted in over 1000 deaths in China as per Media reports. Casualties have been reported outside China as well. The virus outbreak is also expected to have an econ ... Read more
Coronavirus has resulted in over 1000 deaths in China as per Media reports. Casualties have been reported outside China as well. The virus outbreak is also expected to have an economic impact on China as well as other countries as economic activities have halted across China due to shutdown of many manufacturing units. Lets understand how this can impact your finances and how you should deal with the situation. Read more
For non-residents, buying a property can be a complicated affair due to various regulations. We spoke to chartered accountants, lawyers and property consultants to get answers to t ... Read more
For non-residents, buying a property can be a complicated affair due to various regulations. We spoke to chartered accountants, lawyers and property consultants to get answers to the common queries that non-residents have when they are looking to buy a house in India. Read more
After the Punjab and Maharashtra Cooperative Bank (PMC Bank) scam dragged down the confidence of depositors, there was pressure on the government to increase the insurance cover wh ... Read more
After the Punjab and Maharashtra Cooperative Bank (PMC Bank) scam dragged down the confidence of depositors, there was pressure on the government to increase the insurance cover which was static since 1993. Though the deposit insurance cover cap has been raised, there are enough people voicing their concern on social media. Read more
Some taxpayers can keep switching between the new and the old tax regime introduced in the Union Budget. This allows some taxpayers to compare the two regimes and choose where he o ... Read more
Some taxpayers can keep switching between the new and the old tax regime introduced in the Union Budget. This allows some taxpayers to compare the two regimes and choose where he or she is paying lower taxes. Read more
Budget 2020 has abolished dividend distribution tax on dividends of mutual funds. It has made dividends taxable at slab rate in the hands of investors. However, this will lead to h ... Read more
Budget 2020 has abolished dividend distribution tax on dividends of mutual funds. It has made dividends taxable at slab rate in the hands of investors. However, this will lead to higher tax burden on investors in all but the lowest tax slabs. Mint explains how and what you can do about it. Read more
