Bank Holiday 2023: RBI has released list of bank holiday for month of April 2023. If you are planning to visit bank for any work then you need to plan in advance as bank will remain closed for the 15 days in April 2023. List of Bank Holidays 2023 Date Day Status Reason 1st April, … Read more
New Crypto Rule in India: The Indian government has recently notified a new rule that brings the crypto sector under the Prevention of Money Laundering Act (PMLA), 2002. This means that crypto exchanges, custodians, wallets, and other service providers will have to comply with the anti-money laundering and counter-terrorism financing regulations, such as verifying the identity and address of their customers, maintaining records of transactions, and reporting suspicious activities to the authorities.
Linking of PAN-AADHAR: The deadline to link your Permanent Account Number (PAN) and Aadhaar is March 31, 2023. Do note that now there is a penalty applicable for linking PAN with Aadhaar. If you link your PAN with your Aadhaar now, then you are liable to pay a late fee of Rs 1,000 as the … Read more
UPI Transaction Limit: Unified Payments Interface (UPI) has become one of the most popular modes of digital payments in India, offering a quick, convenient, and secure way to transfer money between bank accounts. However, different banks have set different transaction limits on UPI transfers, which can vary based on factors such as the type of … Read more
Old Tax Vs. New Tax Regime: With the announcement of Budget 2023-24, Finance Minister Nirmala Sitharaman has said she is making new tax regime as default regime. However, citizens will have option to avail the benefit of old tax regime. The amount of taxes you pay is likely to change ahead. Finance Minister Nirmala Sitharaman … Read more
Loan Restructuring Vs. Loan Refinancing: Both terms are quite confusing and can be understand as interchangeable or synonym for each other. Well it is not as both terms are quite different and serve specific purpose. In this article we will understand both of term in details so that you will not confuse in future. What … Read more
Planning for Retirement is necessary as life expectancy is increasing and people are living longer, which means that retirement can last for many years. This makes it even more important to plan for retirement to ensure that there is enough money to last through a potentially long retirement period. Retirement planning is necessary because it … Read more
OPD insurance, or “outpatient department insurance,” is a type of health insurance that covers the costs of medical treatments and procedures that do not require an overnight stay in a hospital. This can include doctor’s appointments, diagnostic tests, laboratory work, and certain types of therapy or rehabilitation. General health insurance, also known as comprehensive health … Read more
Insurance portability is a great feature that allows policyholder to switch between insurers without having to start all over again. Reasons for Changing Insurance Provider There are a variety of reasons why people may choose to change their insurance provider. Some of the most common reasons include: These are the same reason where policyholder can … Read more
Employee Provident Fund– EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Act, 1952. The employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF. Currently, the rate of interest on EPF deposits is 8.10% p.a. EPFO (Employee Provident Fund Organization) The Employees’ Provident Fund Organization (EPFO) is … Read more
Sukanya Samriddhi Yojana is a savings scheme launched by the Government of India in 2015, specifically targeted towards the girl child. The scheme aims to provide financial security to the girl child and promote girl child education and marriage. The Sukanya Samriddhi Yojana scheme was launched on 22 January 2015 in Panipat, Haryana by Prime … Read more
Mutual Fund Fraud– Mutual funds have gained popularity in recent years as a way for individual investors to access professionally managed portfolios of securities. With the growing popularity of mutual funds, there may be an increased risk of fraud as scammers may try to take advantage of uninformed investors. In this article we will be … Read more
Central Government has announced change in interest rate on Kisan Vikas Patra for 3rd quarter (2022-23) i.e. January-March (2023). Deposit made in Kisan Vikas Patra(KVP) will now gate interest at the compounded rate of 7.2% per annum from 7% per annum. Kisan Vikas Patra- Overview The Kisan Vikas Patra (KVP) is a savings scheme that … Read more
With the focus of Indian Government on more and more of digital transaction and adoption of technology in financial sector, lot of digital Bank called Neo Banks are gaining acceptance. Neo Banks Overview What is Neo bank A neo bank, also known as a digital bank or a mobile-only bank, is a type of bank … Read more
Personal finance is the process of managing one’s money to achieve their financial goals. It encompasses budgeting, saving, investing, and protecting one’s assets. By understanding and practicing good personal finance habits, individuals can take control of their financial future and achieve financial security.