It’s important to note that the National Pension System (NPS) offers options for withdrawing money from the account before retirement. This can be done either partially or entirely, but specific rules apply to these withdrawals. Accumulating substantial money by retirement is crucial for a smooth and financially stable post-retirement life. However, unexpected needs can arise … Read more
Please take note of the following information regarding the rules outlined by the Income Tax Department for cash deposits and withdrawals: Cash Transaction Income Tax Rules: The Income Tax Department may scrutinize individuals who make substantial cash deposits and withdrawals in their bank accounts and question their sources of income. The Income Tax Department closely … Read more
Google Pay: UPI payments and online transactions are prevalent in today’s digital world. Many people are interested in using UPI payments, and smartphones come with apps like PhonePe and Google Pay. Google Pay has announced new features to improve its UPI payment services in this competitive landscape. The Global FinTech Fest 2024 has unveiled details … Read more
Mutual funds conduct research before investing in any stock. They select stocks with strong fundamentals and future growth prospects. Fund managers make informed decisions based on comprehensive research. They also adapt to changing market conditions, which is why, as of September 6, most mutual funds have invested in these five stocks. ICICI Bank: 270 mutual … Read more
An increasing number of people are investing in various mutual fund schemes in India, leading to a significant rise in the investments of these funds. Along with investments, redemption (withdrawal of funds) also takes place in these funds when an investor needs funds, meets an investment objective, or requests a change in financial plan. Mutual … Read more
The central government, always striving to enhance the travel experience for motorists, has announced some good news. It has decided to introduce a new satellite-based electronic toll collection system to relieve frequent travelers on national highways. Based on the Global Navigation Satellite System (GNSS), the new system will automatically deduct toll charges for vehicles equipped … Read more
If you have a general insurance policy, new laws have been introduced to protect and uphold the rights of policyholders. These laws aim to protect those with insurance policies more, ensuring they can make claims and handle other policy matters carefully. General insurance policies, such as those for vehicles, medical expenses, homes, and travel, fall … Read more
A New Payment Method is to Transfer Money Using Facial Recognition with SmilePay. In the past, withdrawing cash from ATMs required entering a PIN. With the advent of UPI (Unified Payments Interface), the way we make payments has evolved, allowing us to complete transactions directly from our phones. Now, new payment technologies continue to emerge, … Read more
Are you considering investing in shares of small and medium-sized companies (SMEs)? These shares tend to fluctuate, making them a riskier investment. However, despite the risk, many investors are interested in these shares due to their recent profitability. Over the last decade, SMEs have raised over Rs. 14,000 crores in funds, with Rs. 6,000 crores … Read more
Recently, especially after the COVID-19 pandemic, people have realized the growing importance of having insurance. Many individuals are now purchasing policies that suit their needs to secure their future. Earlier, insurance policies were given in physical form, but things have changed. The Insurance Regulatory and Development Authority of India (IRDAI) has instructed all insurance companies … Read more