It comes as a pleasant surprise for deposit holders with the government announcing a big change in TDS (Tax Deducted at Source) rules. This change will be implemented from September 20, benefitting millions of small and medium investors who consider FDs safe and sure-return instruments. What Are the Current TDS Rules on FD? The banks … Read more
Building wealth is generally perceived as requiring huge sums of money; however, small, consistent amounts saved can generate remarkable results. Compound interest shows how small daily amounts multiplied over time can grow into an ample corpus. For those who feel the need for security and guaranteed returns, post-office investment schemes of 2025 offer options to … Read more
Every investor dreams of creating a large fund with small, disciplined savings. Systematic Investment Plans in mutual funds have made this possible for millions. It is not necessary to have a lump sum with SIPs; you can start with as low an amount as ₹1111 per month and work toward a corpus of ₹1 crore … Read more
A fixed deposit is the safest investment in India. To increase returns to depositors and attract more deposits, HDFC Bank has come up with a special Fixed Deposit scheme of 450 days. This scheme offers a better interest rate compared to regular Fixed Deposits and is attractive both for regular customers and senior citizens. Special … Read more
The Unified Pension Scheme (UPS) is a fund first introduced by the Centre on the basis of the NPS framework, with effect from 1 April 2025. This system is a defined-benefit pension scheme, i.e., it provides assured amounts as pension and not entirely dependent on market returns. The opportunities to choose UPS are open to … Read more
Another recharge plan launched by Bharat Sanchar Nigam Limited (BSNL) has come into prominence in the telecom world. With 72 days’ validity, the plan stands out for being inexpensive yet dependable, comforting all those users who desire extended connectivity at least without frequent recharging. Plan Details The plan offers unlimited voice calls across India while … Read more
Canada has announced the latest minimum wage updates for 2025, with several provinces increasing their hourly rates to help workers cope with the rising cost of living. These new rates aim to provide fair compensation and improve the standard of living for employees across the country. Province-Wise New Minimum Wage Rates The minimum wage in … Read more
The 7th Pay Commission has continually been working to energize the salary structure, allowances, and working benefits of central government employees so that a new rule, providing additional holidays every month, may have brought relief to lakhs of employees. This change is likely to mend work-life balance and productivity with the required acknowledgement of rest … Read more
Taxpayers are facing a tight deadline in that only three days are remaining until 15th September, the last day for filing of Income Tax Returns (ITRs). Already users were reporting glitches in the e-filing portal, especially when it came to downloading the Annual Information Statements (AIS), Form 26AS, and Taxpayer Information Summary (TIS). There have … Read more
Over the years, SIPs, or Systematic Investment Plans, have become favorites among the Indian investor community contemplating a disciplined kind of investment for a goal-based purpose. If wealth is to be built through the medium-term wall of three years, then the mutual fund chosen would have to be most suited for that nature of investment. … Read more