While the term ‘gift’ is commonly understood as a ‘present’ given to someone, it also carries a specific legal meaning. Under Indian law, individuals are allowed to gift money, movable…
Category: Banking And Finance
Credit Card APR explained: How annual percentage rate works and why it matters for users
The annual percentage rate (APR) is one of the most crucial terms every credit card user should understand. It represents the annual interest charged on unpaid credit card balances. Understanding…
Fixed Deposit interest for senior citizens: Banks offer up to 8.25% — Check SBI, HDFC Bank, Utkarsh Small Finance, ICICI
Among the safest instruments in India for short-, medium- and long-term savings, bank deposits are preferred choice for conservative investors seeking government-backed and consistent returns. Compared to simply parking your…
Attention taxpayers! Excel utility for income-tax return form ITR-2 enabled — Here’s all you need to know
The Income-Tax Department in a social media post on X (formerly Twitter) said Excel Utility for ITR-2 has been made available for taxpayers on its e-filing portal for assessment year…
Indian banks more exposed to West Asia crisis among APAC region: Moody’s
New Delhi: on Wednesday said are among the more exposed in the Asia-Pacific region, given the economy’s high dependence on energy imports from West Asia and the consequent pressure on…
Making ₹75k a month? Here are some expert-backed strategies to invest, save and lead a stress-free life
For individual earners across sectors of the Indian economy, a monthly salary of ₹75,000 can appear attractive on paper. Still, managing this salary amid soaring rents, rising grocery bills, and…
Credit utilisation ratio: How CUR impacts your credit score and what you can do to improve it
Many people are surprised when their credit score declines despite paying the required bills on time. One often-overlooked reason is the credit utilisation ratio (CUR) and its impact on a…
Should you use your annual bonus for prepayment of an outstanding home loan?
I receive an annual bonus of around ₹2 lakh and have a ₹30 lakh home loan outstanding. How should I plan my prepayments—lump-sum every year or higher EMIs? For most…
Irdai asks insurers to tie senior exec performance to customer service
The (Irdai) has asked insurers to align the and compensation of senior executives more closely with customer outcomes, transparency and governance standards under a revised framework issued through a circular…
DA: Why is Dearness allowance important? Why does Centre form a pay commission every 10 years?
Dearness Allowance (DA) and dearness relief (DR) are a percentage of employees’ and pensioners’ basic salary specifically aimed at mitigating inflationary impact on households of central government employees. An increase…