Page 116 - Personal Finance
Tackling low savings rate: Automate with SIPs, retirement accounts
Control lifestyle inflation and avoid excessive reliance on debt by automating savings, budgeting better, aligning investments to goals and tracking progress regularly
 "Tackling low savings rate: Automate with SIPs, retirement accounts")
Navigating NRI taxes: What to know about rules, refunds and DTAA perks
From figuring out residency to claiming DTAA benefits, here's how NRIs can avoid common tax mistakes and make the most of concessions on Indian income
 "Navigating NRI taxes: What to know about rules, refunds and DTAA perks")
Changes in Form 16 for FY25: What salaried individuals need to know
'It's clearer and more structured,' say experts, as Form 16 changes for FY25 aim to ease ITR filing, but checking for errors is still on you
 "Changes in Form 16 for FY25: What salaried individuals need to know")
New apartment buyers beware: Only 60% of what you pay for is usable area
Higher amenity loading new norm due to bigger lifestyle asks from homebuyers
 "New apartment buyers beware: Only 60% of what you pay for is usable area")
BSES summer offer: Up to 63% off on ACs, fans in new exchange scheme
Residents in Delhi can cut cooling costs as BSES reintroduces its 2025 exchange scheme, offering steep discounts on energy-efficient ACs and ceiling fans.
 "BSES summer offer: Up to 63% off on ACs, fans in new exchange scheme")
RBI rate cut: What it means for your money and how you should invest now
The RBI has made loans cheaper and saving less rewarding. To keep your money working harder, look beyond FDs and consider short- to medium-term debt funds or corporate bond funds
 "RBI rate cut: What it means for your money and how you should invest now")
Car, personal, home and biz loans to cost less as PSU banks slash rates
However, new borrowers and FD savers may not enjoy the same benefits as banks protect their margins.
 "Car, personal, home and biz loans to cost less as PSU banks slash rates")
Beware if bank staff says insurance purchase mandatory for loan approval
Your guard should also go up if undue pressure is applied to purchase a policy immediately
 "Beware if bank staff says insurance purchase mandatory for loan approval")
How ICICI Bank RM stole Rs 4.6 cr from customers - and what you must learn
The fraudster cleverly used a pool account - a single account where money from multiple sources (like broken fixed deposits, overdrafts, and fake personal loans) was collected.
 "How ICICI Bank RM stole Rs 4.6 cr from customers - and what you must learn")
Cut home loan costs: Retain EMI, shorten tenure, consider prepaying
Borrowers can maximise savings when interest rates fall by retaining their EMI and reducing tenure, while also benefiting from repo-linked loans and selective prepayments
 "Cut home loan costs: Retain EMI, shorten tenure, consider prepaying")
Decoding Flexi Cap vs Multi Cap Funds: Strategy, risk and suitability
Flexi Cap mutual funds are frequently compared to Multi Cap funds, given that both invest in equities and equity-related instruments across various market capitalisations
 "Decoding Flexi Cap vs Multi Cap Funds: Strategy, risk and suitability")
Thinking of withdrawing your PF? A surprise 30% tax may hit you
Taking out money defeats the purpose of long-term retirement savings, say experts
 "Thinking of withdrawing your PF? A surprise 30% tax may hit you")
RBI rate cut: Switching to repo-linked home loan may save you lakhs
RBI cuts repo rate to 5.50%. Borrowers with MCLR or base rate loans could save up to ₹8.5 lakh by switching to repo-linked loans, say experts
 "RBI rate cut: Switching to repo-linked home loan may save you lakhs")
Bad news for FDs: Rates to fall sharply as RBI cuts repo rate by 50 bps
RBI cuts repo rate by 50 bps to 5.5%. FD interest rates fall further, prompting investors to consider laddering, hybrid funds, and small savings schemes for better returns
 "Bad news for FDs: Rates to fall sharply as RBI cuts repo rate by 50 bps")
Microfinance: Indicators show cautious lending, continuing stress in parts
Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability
 "Microfinance: Indicators show cautious lending, continuing stress in parts")
On waiting list for train ticket?Websites offer three-fold refund assurance
Ixigo, RedBus and MakeMyTrip among platforms to launch service that gives money-back guarantee
 "On waiting list for train ticket?Websites offer three-fold refund assurance")
HDFC Bank UPI services to be down for 4 hours on June 8: What to know
Customers should plan payments and transactions to avoid inconvenience, says lender
 "HDFC Bank UPI services to be down for 4 hours on June 8: What to know")
RBI rate cut: EMIs may fall to Rs 68,000-70,000 for Rs 1 crore home loan
RBI cuts repo rate by 50 bps to 5.5%, making home loans cheaper. Borrowers with repo-linked loans to see quicker EMI relief; others may consider switching
 "RBI rate cut: EMIs may fall to Rs 68,000-70,000 for Rs 1 crore home loan")
Rs 500 notes are not being withdrawn: Govt rejects fake YouTube video
A viral video claims Rs 500 notes will be discontinued by 2026; government confirms there's no such plan
 "Rs 500 notes are not being withdrawn: Govt rejects fake YouTube video")
RBI cuts repo rate to 5.5%: What it means for your loans, EMIs and savings
With limited space left after cumulative rate cuts of 100 bps since February 2025, the RBI has also shifted its policy stance from "accommodative" to "neutral
 "RBI cuts repo rate to 5.5%: What it means for your loans, EMIs and savings")