When it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understandin ...More

When it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications is crucial. NRE deposits provide tax-free interest earnings in India, making them advantageous for NRIs. On the other hand, interest from NRO fixed deposits incurs TDS. ...Less

ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status ...More

ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–26. While I was an NRI, I invested in fixed deposits through my NRE account, and these deposits are due to mature in FY27. Will the interest earned on these NRE fixed deposits be taxable in India? ...Less

SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for ...More

SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for customers to apply. This innovative offering features four variants of secured credit cards linked to fixed deposits. With a fully paperless application process, it's designed to enhance accessibility, particularly for those with limited credit histories seeking a means to build financial profiles. ...Less

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For senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high a ...More

For senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank has an attractive 8.3% rate for three-year terms, while Utkarsh Small Finance Bank offers 8%. To avoid TDS, seniors should submit Form 15H if their annual income stays beneath the taxable limit, with TDS applied if FD interest exceeds Rs 1 lakh. ...Less

CA Nitin Kaushik explains why Fixed Deposits, despite offering guaranteed returns, may not always build l ...More

CA Nitin Kaushik explains why Fixed Deposits, despite offering guaranteed returns, may not always build long-term wealth. He compares Rs 1.2 lakh invested in a 10-year FD at 7% with the same amount invested in a Nifty 50 Index Fund, estimating around Rs 2.4 lakh versus Rs 3.72 lakh. Kaushik says FDs suit capital preservation, emergencies and short-term goals, while long-term wealth requires considering growth and purchasing power. ...Less

Effective from October 1, 2026, the Reserve Bank of India will implement new rules concerning bulk fixed ...More

Effective from October 1, 2026, the Reserve Bank of India will implement new rules concerning bulk fixed deposits. Every bank will be mandated to reveal their daily bulk deposit interest rates at 10 am. This regulation aims to ensure that interest rates for identical bulk deposits remain the same in all branches. ...Less

FD interest rates: Many banks are currently promoting compelling interest rates for 555-day fixed deposit ...More

FD interest rates: Many banks are currently promoting compelling interest rates for 555-day fixed deposits. While general depositors can enjoy rates of up to 7.25%, senior citizens benefit even more, with rates peaking at 7.50% for the same duration. Notably, City Union Bank and Karnataka Bank offer competitive options. It's advisable for depositors to check the latest rates before making any decisions on fixed deposits. ...Less

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of ...More

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by the Reserve Bank of India. This inflation surge is pressuring banks to elevate fixed deposit interest rates amidst fierce competition from government securities and appealing returns from small savings schemes. Future adjustments in fixed deposit rates will largely hinge on ongoing inflation trends and RBI policies. ...Less

In October 2026, significant changes to banking and finance regulations will take effect, impacting numer ...More

In October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Reserve Bank of India will introduce new disclosure protocols regarding bulk fixed deposits, and UPI transaction fees will be revised for amounts exceeding Rs 2,000 starting October 15. ...Less

New insights reveal that systematic investment plans in the Nifty50 have consistently underperformed, pre ...More

New insights reveal that systematic investment plans in the Nifty50 have consistently underperformed, presenting a five-year XIRR of merely 4.5%. This result places Nifty50 below the returns of traditional fixed deposits. In contrast, midcap and smallcap indices have shown impressive gains. Analysts recommend a strategy focusing on individual stock selection and earnings growth rather than relying solely on index performance, prompting a reassessment of index-based investment approaches. ...Less

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The Enforcement Directorate has attached assets valued at Rs 442 crore linked to Gameskraft Technologies. ...More

The Enforcement Directorate has attached assets valued at Rs 442 crore linked to Gameskraft Technologies. This action is part of an ongoing money laundering investigation against the online gaming company. The seized properties include fixed deposits, commercial shops, and residential properties belonging to related entities. The agency claims Gameskraft's platforms caused significant user losses by employing automated programs without consent. ...Less

State Bank of India officials are seeking clarity on handling accounts when an organization’s registratio ...More

State Bank of India officials are seeking clarity on handling accounts when an organization’s registration is suspended. They highlighted risks for smaller entities that may lose access to funds upon missing renewal deadlines. The JPC is examining the implications of the FCRA Amendment Bill, focusing on accountability and regulations for banking procedures. ...Less

Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on- ...More

Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to ₹72.9 lakh crore, up from 11.9% a year earlier, RBI data showed. ...Less

Allahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit t ...More

Allahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s personal loan. The court also awarded Rs 1 lakh compensation, after finding that the woman was not a party to the loan and SBI had no legal basis to directly debit her account. ...Less

Lalit Keshre, co-founder and CEO of Bengaluru-based Groww, was raised in a farming family in Lepa, Madhya ...More

Lalit Keshre, co-founder and CEO of Bengaluru-based Groww, was raised in a farming family in Lepa, Madhya Pradesh and studied in the only English-medium school in his district before cracking IIT Bombay. He earned a dual degree in Electrical Engineering in 2004 and later worked at Flipkart before founding Groww in 2016. Today, Groww offers multiple financial products, while Forbes puts Keshre’s net worth at $1.1 billion. ...Less

The Bengaluru Zonal Office issued the provisional attachment order on September 25 under the Prevention o ...More

The Bengaluru Zonal Office issued the provisional attachment order on September 25 under the Prevention of Money Laundering Act (PMLA), 2002. The attached assets include fixed deposits, commercial shops, a villa and residential properties held in the names of family members, private family trusts and entities associated with shareholders of Gameskraft Technologies, the ED said in a news release. ...Less

Kutch Kadva Patidar Samaj has initiated a scheme to encourage families to have a third child. Parents who ...More

Kutch Kadva Patidar Samaj has initiated a scheme to encourage families to have a third child. Parents who have a third child will receive Rs 50,000 as a fixed deposit. Community leaders are concerned that younger couples are choosing to have fewer children or remain childless. They believe this initiative will help address the declining population within their community. ...Less

Cutting through money jargon, one topic at a time. This week Abhinav Kaul explains why US interest-rate h ...More

Cutting through money jargon, one topic at a time. This week Abhinav Kaul explains why US interest-rate hikes can affect gold prices, and what it means for Indian investors. ...Less

A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade ...More

A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade the customer to consolidate assets with the lender. The other advantage is that a credit card is one of the most visible products a bank gives a customer. Every transaction reinforces the relationship with the bank. ...Less

Money or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “rela ...More

Money or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax consequence for income generated from such property is different. This article explains why transferring self-acquired assets to an HUF does not provide the intended tax-saving benefit. ...Less

State Bank of India presented to the Joint Parliamentary Committee regarding the Foreign Contribution (Re ...More

State Bank of India presented to the Joint Parliamentary Committee regarding the Foreign Contribution (Regulation) Amendment Bill. Officials raised concerns about gaps in foreign donation handling when registration lapses occur. They suggested that clear banking procedures be established for affected organizations. The bill proposed transferring compliance responsibilities to a government-designated authority in certain cases. Opposition parties criticized the bill for potentially disadvantaging minority groups and impacting foreign funding for NGOs. ...Less

Ernakulam, Kerala: Husband faced challenges and long delay in accessing late wife’s savings bank account ...More

Ernakulam, Kerala: Husband faced challenges and long delay in accessing late wife’s savings bank account as nominee died; Consumer commission orders bank to pay Rs 10,000 compensation for delay ...Less

On September 30, 2026, the Finance Ministry will evaluate interest rates for small savings schemes. With ...More

On September 30, 2026, the Finance Ministry will evaluate interest rates for small savings schemes. With high inflation and increasing G-Sec bond yields, many are speculating about potential rate hikes. Currently, various schemes offer competitive returns exceeding 7%. Despite indicators suggesting adjustments, the government has kept rates steady for several quarters. The upcoming review will clarify the government's stance on these interest rates. ...Less

Select small finance banks offer senior citizens fixed deposit rates up to 8.5 percent. Suryoday Small Fi ...More

Select small finance banks offer senior citizens fixed deposit rates up to 8.5 percent. Suryoday Small Finance Bank provides 8.5 percent interest on five-year fixed deposits for seniors. Jana Small Finance Bank offers 8 percent interest on similar fixed deposit terms. Banks deduct TDS on FD interest exceeding one lakh rupees for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero. ...Less

The Finance Ministry has decided to keep interest rates unchanged for small savings schemes like SSY, PPF ...More

The Finance Ministry has decided to keep interest rates unchanged for small savings schemes like SSY, PPF for the Oct-Dec 2026 quarter, amid the backdrop of rising inflation and higher Government Securities bond yields. Several small savings schemes already offer rates above 7%. ...Less

Given the current market situation, no sector is immune from headwinds. The banking sector is no exceptio ...More

Given the current market situation, no sector is immune from headwinds. The banking sector is no exception. There are clear short-term headwinds, but the question an investor should ask is: Are these headwinds likely to hit the core business of banks and create some issue that may take a long time to settle? ...Less

There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone e ...More

There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not to be done casually. Done wrong, it is just recklessness. It becomes a sensible move only when there is a solid, logical reason behind it. So, the real question is not whether some companies are beaten down. The question is whether there is a good reason to buy them anyway. ...Less

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The Supreme Court has directed the Gujarat High Court to register a suo motu case. This action aims to id ...More

The Supreme Court has directed the Gujarat High Court to register a suo motu case. This action aims to identify victims of a 2022 industrial accident at Bharat Rasayan Ltd. Compensation funds are currently held by the apex court registry for disbursement. The National Green Tribunal previously imposed environmental compensation on the PSU. This amount is designated for restoration measures around the affected plant. ...Less

The PB Fintech-owned marketplace, which added fixed deposits and bonds last year, currently gets around t ...More

The PB Fintech-owned marketplace, which added fixed deposits and bonds last year, currently gets around two-thirds of its revenue from unsecured credit and a third from secured products. It is now looking to build a wealth business, comprising mutual funds, bonds and deposits, as another revenue stream. ...Less

If oil prices stay high and push up inflation, it is likely that banking stocks will come under pressure ...More

If oil prices stay high and push up inflation, it is likely that banking stocks will come under pressure because their business will be impacted. But even before the real business is impacted, it is likely that they will see selling pressure because of their FPI-heavy ownership structure. So, clouds of uncertainty hang over the sector’s stocks. But don't confuse the stocks with the business. ...Less

Radhika Gupta, Edelweiss Mutual Fund CEO, cautions investors against checking mutual fund NAVs and stock ...More

Radhika Gupta, Edelweiss Mutual Fund CEO, cautions investors against checking mutual fund NAVs and stock prices too frequently. Constant access to live data can amplify perceived volatility and shorten investment horizons. She advises evaluating investments according to their intended time frame, particularly long-term equity funds, rather than reacting to daily market movements. ...Less

No ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior c ...More

No ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaipur after 9 years fight. Know how Mrs Devi won the case in ITAT Jaipur. ...Less

Active FCRA registered NGOs have halved in the last decade. Foreign contributions received by these organ ...More

Active FCRA registered NGOs have halved in the last decade. Foreign contributions received by these organizations have significantly increased. Christian associations received nearly three-fourth of the total foreign funds. The Ministry of Home Affairs shared these details with a parliamentary committee. This information was conveyed during a meeting discussing FCRA amendments. ...Less

Motilal Oswal Financial Services has deployed Zoho's unified enterprise platform across its operations. T ...More

Motilal Oswal Financial Services has deployed Zoho's unified enterprise platform across its operations. This initiative aims to unify customer data and streamline sales and service functions. The platform consolidates information from disparate systems, creating a single customer view. Relationship managers now access daily-refreshed data for improved client interactions. ...Less

The government has approved raising the EPF wage ceiling to Rs 25,000. This change will significantly inc ...More

The government has approved raising the EPF wage ceiling to Rs 25,000. This change will significantly increase the Employees’ Deposit Linked Insurance coverage amount. Nominees could receive a maximum assured sum of Rs 10.50 lakh or more. The revised ceiling aligns social security thresholds with current wage levels. Employers should await formal notification for detailed implementation provisions. ...Less

An IIT Delhi graduate and a private bank operations manager are among six people arrested in connection w ...More

An IIT Delhi graduate and a private bank operations manager are among six people arrested in connection with a Rs 1.12 crore digital arrest scam targeting a 68-year-old retired professional in Dahisar. Police traced the money through a gold trading firm's account and alleged that the accused helped arrange mule accounts, SIM cards, OTP-enabled handsets and fund withdrawals. ...Less

Indian stock markets have languished with nearly two years of stagnant returns since late 2024. This leng ...More

Indian stock markets have languished with nearly two years of stagnant returns since late 2024. This lengthy phase of sideways trading serves as a necessary time correction rather than merely a decline in prices. Historical trends indicate that similar corrections have often extended much longer and deeper. Investors should exercise patience, persist with their SIP strategies, and recognize that moderating valuations and recovering earnings may herald promising future opportunities. ...Less

After crude oil prices, the one thing that provides a boost to the bears is the tariffs that US President ...More

After crude oil prices, the one thing that provides a boost to the bears is the tariffs that US President Trump keeps announcing. Now, there is no way of knowing what will happen in terms of the latest 100% tariff announced around Russian oil imports. Even the person who has signed off on the tariff perhaps does not quite know what he did and why he did it. The market can only hope that nothing truly disruptive to the global economy is actually implemented. ...Less

The way things are panning out in the Gulf region, in Wall Street, and in the Bay Area in northern Califo ...More

The way things are panning out in the Gulf region, in Wall Street, and in the Bay Area in northern California, the chances of greater volatility in the global markets is high. Given that the Indian economy and oil prices have a strong correlation, it might be better to think twice before acting in the stock market. And remember this: Don't take any statement by anyone, whether the US president or the CEO of an AI company, as gospel truth. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

Bengaluru CA Meenal Goel shared five money rules she wishes she knew at 25. She advised checking EPF cont ...More

Bengaluru CA Meenal Goel shared five money rules she wishes she knew at 25. She advised checking EPF contributions regularly, adding nominees across financial accounts, spreading deposits instead of keeping all money in one bank, getting term and health insurance while young and healthy, and understanding salary slips, including Basic, CTC, PF, gratuity and deductions. ...Less

Indian homebuyers increasingly prefer larger three-bedroom homes, with nearly half of respondents opting ...More

Indian homebuyers increasingly prefer larger three-bedroom homes, with nearly half of respondents opting for this configuration. The Rs 90 lakh to Rs 1.5 crore budget bracket is the most preferred price segment. Rising housing prices are a concern, yet most buyers intend to proceed with purchases. End-users drive demand for larger homes, viewing them as long-term lifestyle value. ...Less

In today’s market situation, consider confusion and uncertainty as givens. The market's direction is genu ...More

In today’s market situation, consider confusion and uncertainty as givens. The market's direction is genuinely hard to call, and nothing is on sale. Neither of those is going to change just because you want it to. ...Less

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcar ...More

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India. ...Less

Anarock’s H1 2026 survey shows homebuyers remain committed to residential property despite rising prices, ...More

Anarock’s H1 2026 survey shows homebuyers remain committed to residential property despite rising prices, with growing preference for larger homes, premium housing, new launches and established developers, while resale and rental potential are gaining importance. ...Less

Bank operations halted across Madhya Pradesh due to a nationwide strike. Approximately 7,000 branches wer ...More

Bank operations halted across Madhya Pradesh due to a nationwide strike. Approximately 7,000 branches were affected, impacting daily business worth Rs 5,500 crore. Employees demanded a five-day work week and improved pension benefits. Other demands included uniform dearness allowance and NPS option. This strike disrupted cash, cheque, and treasury-related financial activities. ...Less

UPI’s new MDR framework will change how large merchant payments are charged. This and more in today’s ETt ...More

UPI’s new MDR framework will change how large merchant payments are charged. This and more in today’s ETtech Top 5. ...Less

A record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight. ...More

A record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight. ...Less

Arrowhead is betting on BFSI-led international expansion as it scales voice agents across lending, insura ...More

Arrowhead is betting on BFSI-led international expansion as it scales voice agents across lending, insurance, collections and customer service. ...Less

Sebi has removed trading restrictions on Copthall Mauritius Investment and Mansi Share after they deposit ...More

Sebi has removed trading restrictions on Copthall Mauritius Investment and Mansi Share after they deposited questionable gains with the regulator last month. This decision aligns with Sebi's directive to block certain funds from their accounts. Nevertheless, they will still face limitations when participating in the closing auction session, as investigations into claims of market manipulation persist. ...Less

Indian Bank launched new digital banking solutions at the Global Fintech Fest. AI-TARA, a voice-based ass ...More

Indian Bank launched new digital banking solutions at the Global Fintech Fest. AI-TARA, a voice-based assistant, offers banking services in ten languages. Smart Wealth provides a consolidated view of customer finances and spending analytics. IND Cash Optima digitizes cash management for corporate clients. These innovations aim to enhance customer experience and accessibility for all. ...Less

As an investor, what you need to do at this point of time is this: A bit of extra work in terms of stock- ...More

As an investor, what you need to do at this point of time is this: A bit of extra work in terms of stock-picking so that you avoid anxiety during future corrective phases in the market. And there should not be any doubt that, given the current geopolitical conditions, there will be many more corrective phases. ...Less

Highest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed dep ...More

Highest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESAF, and Suryoday Small Finance Banks provide 8.50% interest. Public sector banks like Bank of India offer competitive rates on specific tenures. ...Less

PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and pr ...More

PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and promoting financial inclusion. By eliminating obstacles like the necessity for smartphones or bank accounts, the company plans to facilitate broader access to digital finance. With innovative solutions like UPI 123Pay and UPI Circle, PhonePe is also making wealth building simpler through daily savings and investment choices, while enhancing credit availability and equipping merchants with advanced tools. ...Less

If you are looking to deploy money in the market, make sure it is not money you need in the short term. A ...More

If you are looking to deploy money in the market, make sure it is not money you need in the short term. Also, be clear that when you invest in equity as an asset class, it is for the long term and not with the expectation that the money will give returns by the next quarter. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

Rising crude-oil prices are an obvious concern. But domestic factors like FPI selling, market repricing i ...More

Rising crude-oil prices are an obvious concern. But domestic factors like FPI selling, market repricing in select sectors, and the impact of supply chain disruption on margins may also be beginning to impact sentiment. But there is another thing that needs to be watched carefully: Will the world see some unwinding of AI-related trades? If yes, what does it mean for the Indian market? ...Less

Despite a monthly income of ₹2.5 lakh, a Bengaluru professional finds himself under financial pressure du ...More

Despite a monthly income of ₹2.5 lakh, a Bengaluru professional finds himself under financial pressure due to hefty EMIs and credit card payments. His prior spending on renovations and a wedding has accumulated significant debt. Financial advisors propose establishing boundaries to manage his finances more effectively. In search of relief, he aims to secure a higher-paying job to improve his cash flow. ...Less

Puri Jagannath Temple has bank deposits of around Rs 1,911.80 crore and owns 60,821 acres of land across ...More

Puri Jagannath Temple has bank deposits of around Rs 1,911.80 crore and owns 60,821 acres of land across India, according to the Shree Jagannath Temple Administration. The temple also holds gold, diamond and other valuables in its Ratna Bhandar. An inventory count is currently underway after 48 years. ...Less

Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security ...More

Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security. Adopting a conservative withdrawal rate that is lower than the annual returns can help sustain the corpus. By gradually increasing withdrawals based on a fixed percentage, retirees can plan for better financial longevity. Moreover, beginning with lower withdrawals and scaling them up annually contributes positively to corpus preservation. ...Less

At a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in t ...More

At a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in the equity markets is probably expecting too much. But the fact is that rationality finally prevails. And it has to do with earnings and fundamentals and macro-economic order. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR Plus Reports is a complimentary offering to ETPrime members. ...Less

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the ...More

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame? ...Less

ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can ...More

ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the balance for up to three years even without fresh contributions. What are the tax rules for this? My monthly expenses are Rs 3 lakh. I want to optimise returns and get steady income. ...Less

Indian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore ...More

Indian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no ITR, got an unexplained money tax notice u/s 69; he partially wins case in ITAT Ahmedabad ...Less

Bajaj Finance has completed a five percent equity investment in TrueFan AI, a move that aligns with Bajaj ...More

Bajaj Finance has completed a five percent equity investment in TrueFan AI, a move that aligns with Bajaj Finserv's commitment to fostering applied research and driving innovation. This investment will focus on tech startups that demonstrate significant scalability. TrueFan's platform is already being utilized for enhancing customer engagement, with the goal of expanding efforts in personalized marketing and AI-enhanced communication. ...Less

With each passing day, things are getting more complicated in the Gulf region – as well as in the market. ...More

With each passing day, things are getting more complicated in the Gulf region – as well as in the market. When will things get sorted out? No one knows, and anyone claiming otherwise is indulging in guesswork. So, be ready to see a decline in the value of the stocks you hold or buy for some time at least, if not more. And the chances are that volatility will continue in most emerging markets, including India, even if the war ends tomorrow. ...Less

Five debt mutual funds delivered higher one-year returns than conventional fixed deposits, led by Bank of ...More

Five debt mutual funds delivered higher one-year returns than conventional fixed deposits, led by Bank of India Credit Risk Fund with a 17.68% return. Aditya Birla Sun Life Credit Risk Fund, DSP Credit Risk Fund, Aditya Birla Sun Life Medium Term Plan and Bandhan Gilt Fund also featured among the top performers. ...Less

A financial expert examined the mutual fund portfolio of a 58-year-old investor and detected several imba ...More

A financial expert examined the mutual fund portfolio of a 58-year-old investor and detected several imbalances. With a concentration in mid and small-cap funds, the portfolio needs careful adjustments. As retirement nears, prioritizing asset allocation and liquidity becomes vital. The expert recommends restructuring the portfolio to mitigate risks and enhance diversification, ultimately supporting the investor's long-term financial aspirations. ...Less

Investing, a wise man once said, is a journey; one that needs to be managed carefully. Remember two thing ...More

Investing, a wise man once said, is a journey; one that needs to be managed carefully. Remember two things: One, there is never a “perfect time” to invest – what matters is what you invest in. And two, don’t try to time the market. So, stay focused on companies that have managements with the experience of dealing with difficult situations. The thing, though, is that we are in a geopolitical scenario that gets increasingly difficult with each passing hour. ...Less

So, what to do if you cannot pick a sector to buy into? Forget about themes and waves, and go looking dir ...More

So, what to do if you cannot pick a sector to buy into? Forget about themes and waves, and go looking directly for individual businesses that are strong. In a market with no clear leadership, the winners will not all come from one sector. They will be scattered, one strong company here, another there, across different parts of the market. But this raises a hard question. If you are not using a sector as your guide, how do you find these strong individual businesses? What do you look for? This is where an unconventional approach helps. ...Less

Fixed deposits provide a reliable mechanism for achieving your financial objectives, combining predictabl ...More

Fixed deposits provide a reliable mechanism for achieving your financial objectives, combining predictable returns with versatile tenures. They are ideal for capital preservation and fostering consistent saving habits. When selecting an FD, it's essential to align the tenure with your goal's timeframe and desired amount. Comparing interest rates and payout options will optimize your returns, while reinvesting maturity proceeds can significantly boost long-term growth. ...Less

For senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as ...More

For senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with a maximum limit of Rs 3 crore, are typically available for a five-year tenure. Importantly, if the interest earned exceeds Rs 1 lakh in a year, TDS is deducted. ...Less

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especi ...More

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-value transactions. While digital payments offer convenience, they have also led to increased cyber fraud and financial exclusion, particularly for women. The article suggests the government's push for digitalization may stem from a desire for control and programmatic payment disbursement rather than genuine welfare improvement. ...Less

FCNR (B) deposit interest rate cuts have particularly been made in deposits of three to five years, which ...More

FCNR (B) deposit interest rate cuts have particularly been made in deposits of three to five years, which had higher interest rates after the Reserve Bank of India (RBI) announced a relief on hedging costs. ...Less

You might ask: Why does it matter to India? In actual fact, it matters not only to India, but to the whol ...More

You might ask: Why does it matter to India? In actual fact, it matters not only to India, but to the whole world. Yes, we are talking of an increase in US interest rates. It can change the whole global inflows equation. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

CA Nitin Kaushik says investors should not begin by asking where to invest. Instead, they should consider ...More

CA Nitin Kaushik says investors should not begin by asking where to invest. Instead, they should consider their goals, time horizon, risk capacity and liquidity needs. He explains seven investment types: equity for growth, debt for stability, hybrid funds for balance, real estate for tangible exposure, gold for diversification, alternatives for specialised opportunities and cash for liquidity. The key is choosing the right combination rather than searching for one best investment. ...Less

NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate ...More

NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's important to note that any income generated from these gifted amounts will be taxable for the NRI donor. The HUF must diligently keep records of all transactions as this documentation is essential in proving the legitimacy and source of the gift, ensuring NRIs avoid potential tax disputes in the future. ...Less

HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An att ...More

HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An attentive staff member noticed an anxious couple trying to send a hefty amount of money while on a video call with someone unknown. Reacting promptly, the bank team identified the suspicious activity and successfully protected the seniors from losing Rs 1.12 crore, showcasing their commitment to customer safety. ...Less

A 42-year-old PSU bank chief manager, who recently welcomed twins, sought a review of his family’s financ ...More

A 42-year-old PSU bank chief manager, who recently welcomed twins, sought a review of his family’s financial portfolio. With around 18 years to retirement, the couple has investments across mutual funds, fixed deposits, NPS and PPF, along with home and car loans. The key priorities are building a retirement corpus, funding their children’s education and marriage, and ensuring adequate financial protection. ...Less

The way things are panning out with the Gulf war, the probability of ever greater volatility in markets a ...More

The way things are panning out with the Gulf war, the probability of ever greater volatility in markets across the globe is high. And higher oil prices is bad news for the Indian economy as it can impact several sectors. So, it is perhaps better to think twice before taking positions in the stock market. And always remember this: Don't take any statement by any of the parties involved as gospel truth. ...Less

In the equity market, it is generally good to keep one eye on risk management. But there are times when i ...More

In the equity market, it is generally good to keep one eye on risk management. But there are times when it becomes a must-do. We are currently in that phase of the market. And a simple way to manage risk is to stagger your buying. Do not put all your money in at once. When volatility is high and more corrections are likely, it is always good to be less aggressive on the street. ...Less

One of the biggest misconceptions among retail traders is that profits from F&O are taxed like stock mark ...More

One of the biggest misconceptions among retail traders is that profits from F&O are taxed like stock market gains. That is not the case. Under the Income Tax Act, profits and losses arising from F&O trading are generally treated as non-speculative business income. This distinction is important because taxation of business income differs significantly from taxation of capital gains. Read on to understand F&O taxation, deductible expenses, loss set-off and carry-forward, and audit rules. ...Less

HDFC Bank has announced a boost to fixed deposit rates for senior citizens, increasing them by ten basis ...More

HDFC Bank has announced a boost to fixed deposit rates for senior citizens, increasing them by ten basis points. Federal Bank has also adjusted its interest rates for fixed deposits applicable to all clients. This revision ensures that senior citizens benefit from improved returns. Both banks are now providing competitive rates across select tenures, making savings more rewarding. ...Less

Suryoday Small Finance Bank has made changes to its fixed deposit interest rates Senior citizens can bene ...More

Suryoday Small Finance Bank has made changes to its fixed deposit interest rates Senior citizens can benefit from an attractive rate of 8.50% for a 5-year fixed deposit, while general customers can enjoy a rate of 8.25%. Additionally, for those opting for a 30-month fixed deposit, general customers will earn 8.10% interest. ...Less

Though the integration of temporary faculty reduces the teaching burden for the university’s permanent st ...More

Though the integration of temporary faculty reduces the teaching burden for the university’s permanent staff, the former often get the short end of the stick due to large pay disparities, a lack of medical, retirement, and increment benefits offered to regular staff, as well as higher workloads. An uncertain and low income from a temporary teaching job in a college requires prudent handling of one’s finances. Find out how to do it. ...Less

We normally don’t dwell on F&Os in this space. However, it is good to know that, in the current circumsta ...More

We normally don’t dwell on F&Os in this space. However, it is good to know that, in the current circumstances, an upmove in the indices and certain key stocks could be because of short-covering. They are usually sharp and may seem like a market recovery, but may not actually be one. Any sustainable recovery will have market breadth; without that, it is suspect. ...Less

Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a s ...More

Young investors are embracing Systematic Investment Plans for disciplined wealth creation. Data shows a significant rise in SIPs among those under thirty years old. Fintech platforms are observing increased SIP adoption across various asset classes. Parents are also initiating SIPs for their children's future education needs. This growing SIP habit faces challenges from market volatility and investor education. ...Less

Specialised investment funds are changing wealth manager portfolio structures. Hybrid SIF strategies are ...More

Specialised investment funds are changing wealth manager portfolio structures. Hybrid SIF strategies are increasingly included in allocations. These funds offer tax efficiency and differentiated investment approaches. Wealth managers suggest these funds complement core portfolios for investors. SIFs provide flexibility through various investment strategies. ...Less

A Gurgaon family court ordered a husband to pay Rs 2 lakh monthly maintenance to his estranged wife and c ...More

A Gurgaon family court ordered a husband to pay Rs 2 lakh monthly maintenance to his estranged wife and children despite a sharp income drop, Rs 1.7 crore home loan, and children’s education costs. Here's what happened. ...Less

For retirees looking to maximise their post-tax earnings, allocating a Rs 4.5 cr corpus into mutual funds ...More

For retirees looking to maximise their post-tax earnings, allocating a Rs 4.5 cr corpus into mutual funds is a viable option. Utilising a bucket strategy allows for an effective diversification across various fund types—liquid, debt, and equity—facilitating consistent income generation. This tactic not only mitigates tax exposure more efficiently than fixed deposits but also yields tax exemptions on capital gains. ...Less

A Chennai couple was laid off after building a Rs 1.7 crore financial corpus and paying off their home. A ...More

A Chennai couple was laid off after building a Rs 1.7 crore financial corpus and paying off their home. According to Gurgaon-based financial content creator Amit Arora, they spend around Rs 9 lakh annually and are considering living partly on investment income. Their plan is to use 35-40% of interest income and reinvest the rest. However, inflation remains a major concern as they assess whether their corpus can support them for 30-40 years. ...Less

For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis ...More

For senior citizens seeking consistent returns, fixed deposits present an appealing option. Notably, Axis Bank currently leads the market with a striking interest rate of 7.25% for a five-year term. A Rs 5 lakh investment could mature to around Rs 7.16 lakh after five years. Other prominent banks such as SBI and ICICI Bank also offer competitive rates, while HDFC Bank comes in with the lowest among these institutions. ...Less

Public sector banks are currently offering enticing interest rates on fixed deposits with special tenures ...More

Public sector banks are currently offering enticing interest rates on fixed deposits with special tenures. The standout option is the 444-day scheme provided by the Central Bank of India, boasting an impressive interest rate of 6.75%. ...Less

Even if the ongoing conflict in the Gulf settles anytime soon (and we certainly hope it does), don’t be s ...More

Even if the ongoing conflict in the Gulf settles anytime soon (and we certainly hope it does), don’t be surprised if the Nifty and Sensex remain volatile for quite some time. In fact, the chances are that the volatility quotient of the market will remain high for several months after. That does not, however, mean that you should not think of buying stocks. You can, but be aware of the big picture. ...Less

It is rare for bulls and bears to agree on anything. At this juncture, however, they seem to agree on one ...More

It is rare for bulls and bears to agree on anything. At this juncture, however, they seem to agree on one point: That the Indian stock market is experiencing rather unconventional times. Why so? Because some of the best wealth-creating companies are quoting at valuations that are lower as compared to the past. At the same time, companies that have just got listed are quoting at valuations that are far above the conventional range. ...Less

SBI FD interest rates: The State Bank of India implemented a reduction in interest rates for select bulk ...More

SBI FD interest rates: The State Bank of India implemented a reduction in interest rates for select bulk term deposits. This change specifically affects both general citizens and senior citizens, especially for shorter tenor deposits. ...Less

Raghvendra Nath, MD, Ladder Up Wealth Management, believes equities should form the core of an NRI’s Indi ...More

Raghvendra Nath, MD, Ladder Up Wealth Management, believes equities should form the core of an NRI’s India portfolio, while fixed income and alternative investments can provide diversification. ...Less

A Bengaluru techie’s experience shows how a high monthly income and regular investments can create a stro ...More

A Bengaluru techie’s experience shows how a high monthly income and regular investments can create a strong sense of financial security, while an unexpected family crisis can reveal gaps that are easy to overlook. His story led to a discussion among young earners about saving, investing, emergency preparedness and what being financially secure actually means. ...Less