Fixed deposits (FDs) continue to attract risk-averse investors, with several banks in India offering interest rates of 8% or more. Notably, small finance banks dominate this space with higher rates compared to public and private sector banks. Small Finance Banks Offering High FD Rates Small finance banks provide some of the highest FD rates, making …
The Employees’ Provident Fund Organisation (EPFO) is set to roll out a major upgrade called EPFO 3.0, aimed at improving services for its over 7 crore members. Union Minister Mansukh Mandaviya confirmed that this new system will be launched by June and promises to make the entire process more efficient, seamless, and user-friendly. What’s New …
You must have heard about the success stories of India’s most successful and valuable startups, including Razorpay, CRED, Pine Labs, OYO, Acko, Swiggy, Dream11, Mobile Premier League (MPL), Livspace, Cars24, Cardekho, and Mobikwik. These companies have not only reshaped industries, raised billions in funding, but also created substantial employment. As the 3rd largest startup ecosystem …
For individuals aiming to build a substantial corpus over the next 15 years, Public Provident Funds (PPF) and Systematic Investment Plans (SIPs) emerge as popular long-term investment options. While PPF is a government-backed savings scheme, SIPs are market-linked investment plans. Both options cater to different risk appetites and financial goals, making it essential to understand …
Equity alternative investment funds (AIFs) in India have delivered an impressive pooled internal rate of return (IRR) of 21.5% between fiscal years 2013 and 2024, according to a news report released on Tuesday, January 14, 2025. This performance has solidified the importance and resilience of private markets in India’s investment landscape, particularly in the context …
Hurry, it is the last day to activate the Universal Account Number (UAN) and link Aadhaar to bank accounts under the Employment Linked Incentive (ELI) scheme. EPFO has set January 15, 2025, as the last date. It is crucial for employers to prioritise UAN activation and Aadhaar linkage, especially for employees hired in the current …
Planning for retirement is essential to ensure financial stability in your later years. Investing in either a lump sum or monthly SIPs over the long term can yield substantial returns, thanks to the power of compounding. Let’s explore how a one-time investment of ₹5 lakh can grow into a ₹1.5 crore corpus over 30 years. …
The Odisha government has unveiled a monthly pension scheme of ₹20,000 for individuals who were imprisoned during the Emergency period between 1975 and 1977. This financial assistance will also include coverage for medical expenses, providing comprehensive support for eligible beneficiaries. The announcement was formalised through a notification issued by the state’s Home Department on 13 …
The Union Ministry of New and Renewable Energy (MNRE) has announced the implementation guidelines for the ‘Payment Security Mechanism’ (PSM) and ‘Central Financial Assistance’ (CFA) components under the PM-Surya Ghar: Muft Bijli Yojana. The scheme aims to boost the adoption of rooftop solar plants across India by offering innovative models for residential consumers. Two Models …
With the government encouraging the new tax regime by offering lower tax rates but removing popular exemptions like Section 80C, many taxpayers are rethinking their investment plans. Interestingly, 72% of taxpayers have already shifted to the new system, signalling a move away from traditional tax-saving strategies. However, some investments previously tied to Section 80C still …
