Page 4 - Finance

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

22,000 EPFO members get higher pension: How to track your application

As many as 1.749 million applications were received by July 11, 2023. In a final extension, employers were given a last opportunity to forward applications for pensions on higher wages by January 31

Budget 2025: Which tax regime is better for deductions, exemptions

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 standard deduction

Budget 2025: All the latest tax rates and holding period for all assets

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will now be subject to long-term capital gains (LTCG) tax at a rate of 12.5%, effective from April 1, 2026

Budget 2025: No tax relief for crypto investors, new compliances introduced

Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax authorities can levy a 60% tax along with a hefty 50% penalty on the tax amount

HDFC MF offers new scheme tracking Nifty100 Quality 30 Total Returns Index

Fund house says scheme meant for investors seeking 'financially stable and resilient companies with robust balance sheets'

Shivalik Small Finance Bank offers 9.30% interest to senior citizens on FD

Lender offers interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on select tenures

Unified Pension Scheme notified for central govt employees: What it offers

Policy will come into effect from April 1 and is expected to benefit over 2.3 million central government employees

Secondary bond market: What retail investors must know about rates, yields

Experts recommend spreading investments across different bond types, sectors and credit ratings to reduce risk

Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains

The dollar index, which measures the strength of the greenback against a basket of six major currencies, fell by 0.8 per cent to 107.97

Top premium credit cards for 2025: Check benefits that stand out

Cards offer benefits like free movie tickets, travel rewards, points and perks

Budget 2025: What is Direct Tax Code and will it replace Income Tax Act?

The Direct Tax Code is expected to be introduced in Budget 2025 and implemented gradually thereafter. The government is following a consultative process to ensure smooth implementation.

Sanchar Saathi App: How you can help fight cyber fraud and stay secure

The Sanchar Saathi app is an extension of the Sanchar Saathi portal, launched by the government in May 2023