When purchasing a new vehicle from a showroom, it’s mandatory to obtain insurance as per IRDAI norms, which apply to all. Generally, long-term insurance is available for up to five years. However, many owners fail to renew their policies once the initial insurance period ends. Only 19% of two-wheeler owners in India renew their insurance … Read more
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
Investment for Children’s Education: Saving is essential for your child’s future dreams. Please plan to secure their education. Children’s education costs increase daily, and parents are understandably concerned about their future. Investing in long-term goals can alleviate these worries and set the stage for making your children’s dreams a reality. Parents face substantial financial challenges … Read more
The government has announced positive news for its employees regarding their pensions. The authorities have been directed to ensure that pensions are provided on time. It has been emphasized that pensions should be issued without delays, and a specific timeline for pension issuance has been established. The central government has addressed the issue of delays … 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
The provident fund is an essential part of an employee’s financial planning for retirement. In our country, there are three main types of provident funds: Employees Provident Fund (EPF), Public Provident Fund (PPF), and General Provident Fund (GPF). Employees Provident Fund (EPF): EPF benefits are available to private sector employees with over 20 employees and … 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