Banks have reduced their FD rates in line with lending rates.Here are the latest interest rates on fixed deposits of less than ₹2 crore offered by various banks Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
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Over-borrowing is bad, what’s worse is going for the settlement option
The interest outgo on any credit card debt or unsecured loan will increase if you delay the payments of bills or EMIs.Non-payment or even part payment or one-time settlement will also hit your credit score Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreIncome tax dept says check your email or e-filing account as e-assessment begins
The income tax department has started scrutiny under the new e-assessment scheme.E-notices have been sent by the income tax department to taxpayers whose cases have been selected for scrutiny Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreShould PMC Bank case worry co-operative bank customers?
Co-operative banks are regulated by RBI and by respective state governments.The RBI has always been attentive to customer’s interests, especially on small savings in co-operative and commercial banks Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreIncrease savings when income rises
In case you don’t have the risk appetite to have an equity portfolio, you need to increase your savings rate as and when your income increases Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreNRIs returning to India for good should get their NRE accounts re-designated
Once these accounts have been re-designated, interest earned on the deposits shall be taxable in your hands.If no tax is paid by you or deducted from any of your incomes, no refund is due to you Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreNearly 60,000 unsold flats in NCR in affordable category: Report
At the current sales velocity, developers would take about three-and-a-half-years to sell off the existing stock in Noida-Greater Noida and 28 months in Gurugram: Report Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreICICI Bank’s new FD scheme: Fixed deposit with critical illness insurance cover
ICICI Bank’s FD Health provides investors a complimentary critical illness cover.FD investors, who are in the age bracket of 18-50 years, get a complimentary insurance cover for a year on 33 critical illnesses Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreInsurance policy launched by PM Modi, offers ₹2 lakh cover at less than Re 1/day
PMJJBY is available for the people in the age group of 18 to 50 years.A yearly premium of ₹330 needs to be paid to avail the benefits under PMJJBY scheme Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
Read MoreConstruct or buy a residential house to get LTCG exemption under Section 54
You would need to construct a residential house on the land within 3 years, after the date of transfer of the erstwhile residential property, for claiming the tax exemption under Section 54.As the monthly rental is equal to ₹50,000, the TDS deduction provisions are not currently applicable to you Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies
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