Page 4 - Financial Savings

Interest on EPF taxable, partial withdrawal not allowed after retirement

Subscribers can withdraw the entire EPF corpus when they retire or when they have been unemployed for over two months

Multiple benefits of deferred annuities: How you can choose the right one

Savvy investors can expect to earn better returns by investing in alternatives

Due diligence failure facilitated fraud

In a case of fraud, the National Commission found that a postal department had handed over a cheque meant for a couple to another person without an authorisation letter

Don't withdraw from the NPS corpus unless you are facing an emergency

While new online facility will make part withdrawal convenient, subscribers must exercise restraint

This is not the time to lock yourself into long-term fixed deposits

If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns

Income Tax dept adds new features in 26AS Form to help taxpayers

The new variant of 26AS Form will have taxpayers' details as specified statements of financial transactions (SFTs) in various categories

Diversify your investments beyond bank FDs to counter declining rates

Invest in a mix of small savings products, debt funds with quality portfolios to counter declining rates

Claiming advance EPF is easy, but withdraw it only if you are in dire need

There is no income-tax on the advance, but withdraw only in dire need

Letter to BS: Improve financial literacy to overcome economic crisis

Times of crisis force us to acknowledge its importance

Sebi hiring agency to study millennials' savings, investment behaviour

Also, Sebi will study the perception of this new generation about market integrity and transparency

Letters to BS: Incentivising savings could be a win-win for govt

An increase in the Public Provident Fund limit by Rs 1 lakh to Rs 2.5 lakh for individual households under 80C will lead to additional savings of more than Rs 2 trillion

Reader's corner: How to divide jointly-held shares at the time of divorce?

It would be best for both of you if you can complete the distribution of assets amongst yourselves amicably, says financial planner Kartik Jhaveri

Diversify your emergency funds, redeem mutual funds when hit by bank glitch

Park them in several instruments; have three to six months' expenses kept aside as emergency fund

Why you should be saving aggressively if you have a travelling job

But today a significant number of individuals have jobs that involve managing global teams and it may take a toll on your health and savings

Life insurance: Don't depend blindly on the agent, look at your needs

Ensure that you have a life and medical policy in place. This will safeguard your family against any eventuality and cover liabilities

Are financial savings under-reported?

If the real repo rate, the term premium and credit spread were to normalise, borrowing rates could fall by more than 2 percentage points