Are you a conservative investor who is looking to invest in some safe financial instrument? If the answer is ‘yes’ then you can, among other instruments, invest in a fixed deposit. Besides FD, one can also explore the prospect of investing in small savings instruments, or post office savings schemes. These schemes include PPF (public…
Are you planning to apply for a personal loan but are confused whether to go for a secured loan or an unsecured loan? Many banks and Non Banking Financial Companies (NBFCs) provide personal loans which may or may not require collateral. However, before you choose one, it is important that you first completely understand your…
Daksh Gupta, CEO and co-founder of Greptile, a Y-Combinator-backed AI start-up based in San Francisco, shot to fame recently for a long post he wrote on the ‘X’ platform where he wrote about his start-up’s culture of long working hours. He mentioned that typical workdays start at 9 am and end at 11 pm and…
How can a private trust benefit a differently abled child? Who should be appointed as a trustee? And how can utilization of the trust’s assets be effectively controlled? Establishing a private trust to safeguard the financial future of a differently abled child offers significant advantages over other forms of security or investment. Unlike general financial…
If you have a big credit card debt and believe that the bank will simply forego it since the debt is unsecured, then you are being delusional. A credit card company has all the right to take the defaulter to court. While most credit card users feel that the only implication of non payment of…
Some people like to keep the money in their Employees’ Provident Fund untouched even after retiring to let it continue to accrue interest. However, certain rules come into play with this, involving taxes, the interest accrual period, and the duration for which the funds can remain unclaimed. Here’s how it all works. Remaining a member…
The rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the U.S. dollar | Photo Credit: Getty Images/iStockphoto The rupee traded in an almost flat note and settled 1 paisa lower at 84.43 (provisional) against the U.S. dollar on Tuesday (November 19, 2024), as support from positive domestic…
Before applying for a personal loan with any bank, NBFC, or fintech, make sure you check the eligibility criteria. Without fulfilling the eligibility criteria, your application will be rejected resulting in disappointment. The credit score plays an important role in personal loan approval. The other factors include the individual’s age, income, employment, KYC, debt-to-income ratio,…
Image for representative purpose only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty bounced back on Tuesday (November 19, 2024) after days of downtrend on value-buying at lower levels and rally in blue-chip stocks HDFC Bank, Tech Mahindra and M&M. Continuous buying by domestic institutional investors also supported the indices, traders said. Snapping…
The Income Tax (IT) department is taking a lenient approach this year to address the non-disclosure of foreign assets in income tax returnsfiled in the current assessment year. This week, the department has sent out emails to taxpayers who have not reported foreign assets, asking them to revise their tax return. This approach is different…
