Page 3 - Finance

8th pay commission: When will it be formed & how govt salary is calculated

The salary revisions will now depend on the 'fitment factor', a multiplier that is applied to the current basic pay

ICICI Prudential launches 'Pru GIFT Select' for guaranteed income

This product offers flexibilities to customers such as choosing when they want the guaranteed income to start, the duration of the guaranteed income & the amount that they get at the time of maturity

PNB urges customers to update KYC by March 26 to avoid account restrictions

The KYC update can be done by visiting PNB branch, using the PNB ONE mobile app, Internet Banking Services (IBS), or sending the required documents via registered email or post to their base branch

ITR to UPI: Money changes in March that will impact you financially

If you have chosen the old tax regime, ensure that your tax-saving investments under Sections 80C, 80D, 80G, and others are made before March 31, 2025, to maximise tax benefits

Mumbai gets ₹896 cr as stamp duty from 11,500 property registrations in Feb

STRAP City property registrations have consistently remained above 10,000, significantly higher than pre-pandemic levels

Tata AIA Life Insurance's latest NFO offers smarter retirement planning

Multicap Momentum Quality Index Pension Fund will invest in companies that align with the Multicap Momentum Quality 50 Index

What beneficiaries of PM-KISAN can do if they haven't got 19th installment?

Farmers who have not completed e-KYC, lack land verification, or have not linked their Aadhaar with their bank accounts may encounter challenges in receiving the latest installment of the scheme

Can you claim full tax benefits if your co-borrower loses their job?

Tax deductions are typically available based on each co-borrower's ownership share in the property and their individual contributions toward loan repayment

Key points to consider before taking an overdraft facility

Frequent overdrafts that remain maxed out can negatively affect your credit score

IndusInd Bank cuts fixed deposit rates, offers 8.25% for senior citizens

Maximum interest rate of 7.75% for general and 8.25% for senior citizens applicable to tenures ranging from one year five months to just under one year six months

PNB cuts loan rates: Check new interest rate for home, car, & personal loan

Interest rates for various loan products are effective from February 10

Bima-ASBA: New UPI payment mechanism for insurance premiums launched

It allows policyholders to block funds in bank accounts via UPI, ensuring a smoother transaction process without immediate debits

LIC Smart Pension Plan? FAQs about new retirement planning scheme answered

Annuity payment can be done yearly, half-yearly, quarterly and monthly, says company

New UPI rule on automatic acceptance, rejection of chargebacks from Feb 15

Process will apply only to bulk transaction uploads and not to those done by individuals

Union Mutual Fund launches two new schemes for structured gold investments

Benchmark for both schemes is domestic price of physical gold; NFO open till February 24

Budget Session highlights: After tax cuts, all eyes on Finance Bill, new Income Tax Bill

Parliament Budget Session highlights: Catch all the major updates from the ongoing Budget session of the Parliament

RBI sets Rs 8,499 as early redemption price for SGB 2019-20 Series IX

A subscriber can prematurely withdraw your sovereign gold bond investment once it completes the fifth year

Link Aadhaar and activate UAN by February 15 to secure your EPFO benefits

It is mandatory to seed your Aadhaar with your bank account to avail the benefits of the Employment Linked Incentive (ELI) Scheme

Valentine's Day credit card offers: Discounts on shopping, travel & more

Banks are rolling out special deals on shopping, dining, travel, and gadgets, making Valentine's celebrations more affordable with cashback, discounts, and exclusive perks

NaBFID to raise Rs 30,000 cr during Q4 for funding infra projects: MD

NaBFID Managing Director and Chief Executive Officer Rajkiran Rai G has said it is planning to raise Rs 30,000 crore during the ongoing quarter for funding infrastructure projects in the country. "We were expected to touch Rs 1 lakh crore of (loan) sanction this year (FY25)... we are very close to that, and we will be crossing that target this year," he told PTI in an interview. On the disbursement side, he said, "We are expected to disburse about Rs 60,000 crore this financial year. That target seems a bit challenging because of documentation and other processing." In the infrastructure segment, there is always a gap between sanction and disbursement. National Bank for Financing Infrastructure and Development (NaBFID) raised about Rs 5,000 crore via a 15-year paper. "We are continuously raising money, but it will be linked to disbursements. We may raise up to Rs 30,000 crore this quarter, depending on the requirement," he said. NaBFID, set up in 2021, is a specialised developmen