For Indian parents, sending their children abroad for is increasingly becoming an emotional decision with massive financial consequences. To put things in perspective, the cost of foreign education today —…
Category: Banking And Finance
Bank holiday today, May 28: Are SBI, HDFC Bank and other banks open or closed for Bakrid/Eid al-Adha?
Banks in most states will remain closed today (Thursday), on Bakrid/Eid al-Adha, May 28, 2026, Since /Eid al-Adha is a gazetted holiday, it will be observed as a public holiday…
Non-banks increase microfinance share amid muted demand
Kolkata: last month expanded their loan share in the microfinance segment that, however, shrank in aggregate due to a 5% month-on-month exposure drop by through what’s seen as a traditionally…
EPFO: Want to avail pension benefit? Here’s why retirees need Form 10C — FAQs on details, documents you need
The Employees’ Provident Fund Organisation (EPFO), which administers the government’s retirement savings scheme for salaried individuals, provides pension benefit for all subscribers who have an account for more than 10…
Who is a Resident but Not Ordinarily Resident and what are the tax implications?
When an NRI returns to India permanently, tax residency does not change immediately upon arrival. Instead, the change generally occurs after crossing the 182-day threshold in a financial year, or…
LIC launches revamped Jeevan Sathi policy
, on Wednesday launched a revamped plan, which offers a combination of savings and protection. New Jeevan Sathi single premium and premium were launched by LIC CEO and MD R…
Are gifted shares taxed in India? Key rules, exemptions explained
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…
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…