Page 21 - Personal Finance

Tackling low savings rate: Automate with SIPs, retirement accounts

Control lifestyle inflation and avoid excessive reliance on debt by automating savings, budgeting better, aligning investments to goals and tracking progress regularly

Cut home loan costs: Retain EMI, shorten tenure, consider prepaying

Borrowers can maximise savings when interest rates fall by retaining their EMI and reducing tenure, while also benefiting from repo-linked loans and selective prepayments

What are the best fixed deposit rates for senior citizens?

Senior citizens are often loathe to deal with the intricacies of complex financial instruments. In such cases, it might be a good idea to just park their savings in a fixed deposit

Suitable bets for cost-sensitive investors seeking market returns

Passive midcap and smallcap funds offer simplicity and low cost, but investors must weigh the risks including tracking error, volatility, and lack of downside protection

Most top performing active MFs have value, momentum bias, says study

PhonePe Wealth report shows that value and momentum equity mutual funds dominated five-year rolling return performance across flexicap and diversified categories

Gold loans: Quick disbursal, low rates, flexible repayment options

Easy access should not lead to overleveraging; beware that deferred repayment can increase interest burden

87% of Indians choose eco travel: Here's top sustainable travel spots

As sustainability becomes a priority, Indian travellers are increasingly willing to spend more on eco-friendly options

Swiping your HDFC card for rent or wallets? New charges kick in soon

HDFC credit card users face new charges on rent, wallets, gaming, and utilities from July 1, with tighter reward caps and GST on fees.

June 2025 bank holidays: Keep your banking on track with these dates

Check out the dates and tips to keep your banking smooth with digital services, even when branches are closed

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