Page 44 - Personal Finance

More than 9,700 minor subscribers enrolled under NPS Vatsalya on first day

About 9,700 minor subscribers have been enrolled under NPS Vatsalya on the day of the launch of the scheme earlier this week. The scheme, regulated and administered by the Pension Fund Regulatory and Development Authority (PFRDA), provides an opportunity to parents and guardians to start saving for their children's retirement early by harnessing the power of compounding, marking a significant milestone in India's evolving pension landscape. In a landmark government initiative aimed at securing the financial future of India's youth, Finance Minister Nirmala Sitharaman officially launched the NPS Vatsalya Scheme on September 18, fulfilling a key Union Budget 2024-25 announcement. On the day of the launch, NPS Vatsalya received an overwhelming response, as 9,705 minor subscribers have been enrolled under the scheme through various Points of Presence (PoPs) and thee-NPS portal, PFRDA said in a statement on Friday. Out of this, 2,197 accounts were opened through e-NPS portal alone, it

Zero forex fee, movie perks: Benefits of IDFC First Bank Mayura credit card

Mayura credit card is designed for those looking for both style and benefits, with a focus on rewards and travel perks, according to the bank

Kotak MF launches NIFTY Midcap 150 Momentum 50 Index: All you need to know

This open-ended scheme is designed to replicate or track the performance of the NIFTY Midcap 150 Momentum 50 Index

WhiteOak Capital Digital Bharat Fund NFO opens today: Should you invest?

The objective of the fund is to offer long-term capital appreciation by investing primarily in equity and equity-linked instruments of technology-focused companies

Pension scheme for children, mixed media art: Top personal finance stories

In this week's newsletter we write about NPS Vatsalya and investing in mixed media artwork

Flexi-cap funds: Smart choice amid high valuations, potential volatility

Flexi-cap funds invest across market caps without fixed allocation limits

Diwali flight bookings soar by 85%, with Delhi, Kochi among top places

Popular travel destinations include major metros like New Delhi, Mumbai, Bengaluru, and emerging hotspots like Guwahati and Patna

Fake job racket busted in Bihar, 200 rescued: Tips to avoid scams

The accused had set up an online fake job racket, where unsuspecting individuals were convinced to transfer Rs 21,000 as a job placement fee

New Zealand visitor visa: 23% rejection rate for Indian nationals in 2024

Despite visa challenges, Indian nationals continue to show strong interest in New Zealand

India 3rd favourite spot for global real estate investments: Report

Foreign investment in India's industrial and warehousing sector has been gaining momentum recently, according to a report by Colliers

Car loan rates, terms and processing fees explained in single table

Processing fees and rules of top lenders listed to help you make a decision

Canada to cut student visas by 10% in 2025, another blow for Indians

"Immigration is an advantage for our economy - but when bad actors abuse the system and take advantage of students, we crack down," said Canadian PM Trudeau

Thailand plans Rs 750 tourist tax for visitors: Here's what you must know

The tourism fee, approved by the Thai cabinet in 2022, has yet to be enforced due to the lack of official endorsement through the Royal Gazette

Visa fraud racket busted in Ludhiana: How US embassy helped unfold case

India has seen a sharp rise in immigration scams over the past few years, with dishonest agents taking advantage of people hoping to study, work, or migrate abroad

Create, register partition deed for legally binding property division

To make the division legally binding, the partition deed must be registered with the relevant authority

NPS Vatsalya launched for kids: Know investment amount, eligibility, & more

NPS Vatsalya is an extension of the existing National Pension Scheme (NPS) but focuses on children

Now, withdraw up to Rs 1 lakh from your PF, even within 6 months of joining

If you are an EPFO contributor and there's a family emergency, you can now withdraw a higher amount

Turkiye introduces new tech visa for entrepreneurs: What you must know

The programme offers a three-year work permit for those seeking to establish start-ups in Turkiye

Lack funds for education? Here's all you need to know about education loans

Whether it's tuition fees, books, or even a laptop, education loans help cover the costs and make education more affordable

UK to start ETA for non-visa travellers in 2025: What this means for you

The UK Home Office has introduced the ETA scheme, which operates similarly to the US ESTA system