News

 Interest on deposits drops to 17-year low

Interest on deposits drops to 17-year low

Other banks offer higher interest rates — HDFC Bank pays 5.6% and both ICICI Bank and Bank of Baroda pay 5.55% for the same product.

28/05/2020, Source : Financial Express.

Issue of RBI 7.75% bonds closes on May 28, 2020

Issue of RBI 7.75% bonds closes on May 28, 2020

The RBI bonds are attractive as they are currently offering a higher interest rate as compared to bank fixed deposits and other financial instruments offering an equal degree of safety.

28/05/2020, Source : The Economics Times

CBDT notifies revised Form 26AS, to now include real estate, share transaction details

CBDT notifies revised Form 26AS, to now include real estate, share transaction details

The revamped Form 26AS will now come into effect from June 1, the Central Board of Direct Taxes (CBDT) said.

28/05/2020, Source : Financial Express.

Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

Fixed Deposits: State Bank of India (SBI) cuts FD interest rate by 0.4% across all tenure – Check new rates

SBI Latest FD Rates: The new rates of interest will apply to fresh deposits and renewals of maturing deposits.

27/05/2020, Source : Financial Express.

 Need funds after job loss? Your life insurance policy may help you get it in an easy way

Need funds after job loss? Your life insurance policy may help you get it in an easy way

People facing job loss or salary cuts may be in financial distress and need funds urgently to meet their day-to-day expenses.

27/05/2020, Source : Financial Express.

Natural Calamity Insurance: Here is how to make insurance claim in case a natural calamity strikes

Natural Calamity Insurance: Here is how to make insurance claim in case a natural calamity strikes

Policyholders should take all possible steps to avert further damage. As insurance companies do not allow policyholders to make a profit out of a claim, therefore, any exaggeration of a claim will not be entertained.

27/05/2020, Source : Financial Express.

PMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years

PMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years

In the Modified PMVVY, the interest rate will keep varying depending on the financial year in which the investment is made.

27/05/2020, Source : Financial Express.

LIC launches pension scheme for senior citizens. Check interest rate, other details

LIC launches pension scheme for senior citizens. Check interest rate, other details

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension plan available with LIC for senior citizens Under the plan, the maximum pension amount is limited to ₹10,000 per month

26/05/2020, Source : Livemint

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.

25/05/2020, Source : Financial Express