Page 14 - Personal Finance

Govt retirees under NPS with 10+ yrs can claim UPS scheme benefits

Central govt employees retired under NPS with 10+ years of service can now claim additional pension benefits under the new Unified Pension Scheme (UPS) by June 30, 2025.

Shield your vehicle from monsoon damage with key insurance add-ons

With rains already flooding major cities, insurers advise critical add-ons like engine and battery protection to avoid costly vehicle repairs and ease claim settlement

From savings to splurges: CA shares 7 rules for building real wealth

Luxury fades, habits don't: Nithin Kaushik suggests ways to ensure financial freedom

Govt workers retiring a day before hike to get notional increment: Centre

Central government employees retiring a day before their annual pay hike date would be eligible to get notional increment for the purpose of calculating the pension admissible to them, an official order said. The move follows a Supreme Court order in this regard. "It is advised that in pursuance of the above referred order dated 20.02.2025 of the Hon'ble Supreme Court, action may be taken to allow the increment on July 1/January 1 to the Central government employees who retired/are retiring a day before it became due, i.e., on June 30/December 31, and have rendered the requisite qualifying service as on the date of their superannuation with satisfactory work and good conduct for calculating the pension admissible to them," the order issued by the personnel ministry said. The existing rules allow the employees to choose either July 1 or January 1 as their increment date. As specifically mentioned in the orders of the apex court, "grant of the notional increment on January 1/July 1 .

Benefits of investing in Daily SIPs: You can start with as little as Rs 100

Daily SIP is a plan where you invest a fixed and small amount in mutual funds every trading day

CGHS got a digital makeover: How it helps beneficiaries in health care

Unified portal and mobile launched for central government's service for its employees and pensioners

Update your EPFO KYC information and save time and trouble: Here's how

Avoid delays in claims and transfers, follow this step-by-step guide to update your EPFO KYC details

Group Train Booking? Only confirmed passengers can board, says IRCTC rules

If you are on the waiting list and have not got a seat, you must not board a train

Defence funds: Enter via SIP with 10-year view to manage valuation risk

Jefferies estimates India's defence sector opportunity at US$100-120 billion over the next five-six years

Not into stocks? Post office savings schemes could be worth an investment

With markets on a rollercoaster, many Indians are turning to post office savings schemes for safer, steady returns. Here's why these old-school options are back in personal finance conversations

Quality theme fund: Invest for long-term steady compounding, lower downside

Quality funds tend to be less volatile and offer downside protection and often perform better in a bear market due to the stable earnings

Cover for natural death begins after the initial waiting period ends

The initial waiting period is meant to safeguard against moral hazard

Filing ITR for AY 2025-26? Avoid these common mistakes and new pitfalls

New ITR forms, stricter checks, filing your AY 2025-26 return? Here's what to watch out for to avoid delays, notices, or penalties

Dynamic bond funds: Check rate-cycle track record before investing

A dynamic bond fund (DBF) can help investors navigate rate cycles effectively

Corporate FDs can get you higher returns if you are prepared for the risk

Such FDs are similar to those offered by commercial banks but carry a higher interest rate, as well as risk of default

Risk-tolerant, long-term investors may hold these in satellite portfolio

EW index-based funds can be more volatile due to exposure to smaller companies

Bajaj Allianz Life declares biggest bonus ever: Who will get payout

Company says payout shows 'strength of prudent investment strategies and finances'

Gold ETFs gain favour; choose ones with low cost, minimal tracking error

More investors now adhere to the principle of asset allocation. "Increasingly, they treat gold as a financial asset in their portfolio rather than just as jewellery," says Vikram Dhawan

From MCLR to repo-linked loans, pick lenders with low, stable spread

Agarwal points out that rate changes in the external benchmark are transmitted automatically, without being influenced by a bank's internal cost structure

Why competition in money matters can be damaging to your financial journey

Unnecessary competitiveness shifts our focus from our own destination to imagined races. It turns a fulfilling long-term journey into a relentless sprint that leaves us tired and anxious