Page 319 - Personal Finance

63% opted for old tax regime in FY24, PPF and ULIP top saving tools: survey

When asked about the reason for the choice of the old tax regime, 43 per cent of taxpayers cited lower tax liability as the primary reason

2 sovereign gold bond tranches in the offing: How do SGBs differ from GMS?

The investors will receive an interest rate of 2.50 per cent per annum payable semi-annually on the nominal value. No capital gains tax has to be paid if redemption is done after maturity.

Be warned: Restarting stalled vehicle in a flooded area magnifies damage

In such areas, engine protection, zero depreciation, and roadside assistance riders are must-haves

Should investors opt for higher debt allocation in the next 12-18 months?

Historically, bond yields have traded in a band of 6-8% on an average given that inflation too has stayed in an range of 5-7% over the last decade.

Revised TCS on overseas tours to have only material impact on demand: Crisil

The TCS rate hike4 may have a limited impact on demand as expenditure per individual per trip is usually much less than the Rs 7 lakh threshold for over 80% of tour packages.

Will or gift: The better way to transfer assets to the next generation

A gift deed comes into play when finalised and a will for transfer one the death of property owner

Investors should limit their allocation to smallcap funds at 15-20%

Book profit if you have become overweight after the recent run-up

RBI policy: EMIs won't go up immediately, housing bull run to continue

The RBI has been raising this rate since May 2022 to tackle high inflation. For borrowers, this meant higher interest rates on their loans

RBI hikes UPI limit for hospital, educational payments: What does it mean?

RBI MPC: In another key announcement related to digital payments, Governor Shaktikanta Das proposed to hike the e-mandate for recurring payments to Rs 1 lakh from the current Rs 15,000

No OTP needed for UPI payments up to Rs 1 lakh for credit card bills, MF SIPs

This will be helpful to users who regularly use UPI for their SIPs and credit card bills as these transactions would now be automated and will not require their intervention every month to process pay

RBI policy: Depositors can continue to enjoy high FD rates for now

With the rise in the lending rate of banks, there has been a simultaneous increase in fixed deposit rates as well. As of now, many banks are offering FD interest as high as nine per cent

Chart: Room rates in India hit new peak , averaged Rs 6,869/ day in FY2023

Room rates in India averaged Rs 6,869/day in fiscal year 2023, with February 2023 hitting a new peak at Rs8,300/day compared with the earlier peak of Rs 8,000/day in fiscal 2008, according to a study

All about property transfer, insurance ULIPs: Top personal finance stories

This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers

Loan EMIs to rise! Ahead of RBI decision, HDFC Bank hikes MCLR

As of December 7, 2023, the revised rates for overnight MCLR stand at 8.70 per cent; for one month, it is 8.75 per cent; for three months, it is 8.90 per cent; for six months, it is 9.15 per cent

Children's fund: Lock-in is useful if you tend to exit amid high volatility

Before investing, understand the fund's portfolio composition, and whether it suits your risk appetite and horizon

Index funds by life insurers vs mutual funds: What's a better deal

To invest in a small-cap index fund of a life insurance company, a customer will need to invest in a ULIP

Acko's car, bike insurance will now be available on PhonePe

As of now, PhonePe offers a number of insurance products, including health insurance, car insurance, bike insurance, and travel insurance, among others

What the new Nifty50 Total Return Index is all about

The new Nifty 50 Net Total Return index aims to measure how Nifty 50 performs by taking into account reinvested cash dividends and gains from bonuses issued

Fund review: Axis long term equity

Fund review: Axis long term equity

Term insurance plans of 9 companies explained in single chart

Premium, rules, and tenure of coverage are listed in Policybazaar chart