PF withdrawals: Form 121 replaces Forms 15G and 15H for TDS exemption from FY 2026-27
Employees seeking exemption from tax deducted at source (TDS) on provident fund (PF) withdrawals will have to use Form 121 instead of Forms…
Category - Finance
RBI opens special dollar window for oil firms, tightens forex rules to curb rupee volatility and speculative trades
The Reserve Bank of India (RBI) has introduced a special dollar window for state-owned oil companies and tightened rules governing foreign …
Hiked repo rate risks inflation growth, making loans costlier and threatening festive season spending
The Reserve Bank of India (RBI) has raised the repo rate to 5.50% from 5.25%, making borrowing more expensive as inflationary pressures int…
RBI Raises Repo Rate To 5.50% As Banks May Offer Higher FD Returns Amid Inflation Concerns
The Reserve Bank of India (RBI) has raised the repo rate by 0.25 percentage points to 5.50% to contain inflation, a move that could benefit…
UPI Merchant Charges May Be Delayed Until January 2027, Keeping Festive Season Digital Payments Free
The Centre may postpone the proposed 0.4% merchant discount rate (MDR) on high-value Unified Payments Interface (UPI) transactions until Ja…
Jio Platforms may launch India’s biggest IPO on October 21, may beat Hyundai Motor India’s record
Reliance Industries’ digital arm Jio Platforms may launch its initial public offering (IPO) on October 21, with the issue expected to raise…
83% merchants reject UPI fee, while 86% users may switch payment modes if charges are passed on
A large majority of merchants are unwilling to bear the new UPI charge on high-value transactions, while most users say they would shift to…
Supreme Court Refuses Stay On UPI Charges Above Rs 2,000 From October 15
The Supreme Court has refused to stay the Centre’s decision to impose a 0.4% Merchant Discount Rate (MDR) on specified UPI merchant payment…
Bank strike deferred as committee agrees to examine five-day working week for lenders
Banks across India will remain open as usual this week after the United Forum of Bank Unions (UFBU) deferred its three-day nationwide strik…
Supreme Court to hear challenge against 0.4% MDR on UPI payments above Rs 2,000 tomorrow
The Supreme Court will hear on September 28 a public interest litigation challenging the proposed levy on certain UPI transactions....
Traders announce No UPI Day on October 2 over new 0.4% MDR on payments above ₹2,000
Traders and shopkeepers across India will observe October 2 as “No UPI Day” to protest the new Merchant Discount Rate (MDR) on certain UPI …
SBI waives ATM cash withdrawal charges for three days as bank strike shuts branches nationwide
State Bank of India (SBI) will not charge customers for withdrawing cash from its ATMs from September 28 to 30, when bank employees across …
NSE shares list 0.84% above issue price at ₹1,800, later climb over 5% to ₹1,876
Shares of the National Stock Exchange (NSE) made a muted debut on the stock market on September 24, listing at ₹1,800, just ₹15 or 0.84% ab…
Six IPOs worth ₹3,825 crore set to open this week as companies tap India’s equity markets
India’s primary market is set for another busy week, with six companies preparing to launch initial public offerings (IPOs) and raise a com…
What does ‘Settled’ status mean in CIBIL report? Know why it differs from ‘Closed’
Many borrowers choose to settle a loan when they are unable to repay the entire outstanding amount...
UPI payments above Rs 2,000 to attract 0.4% merchant charge from October 15
UPI payments above Rs 2,000 will attract a 0.4% charge from October 15, with the maximum fee capped at Rs 300 per transaction...
PPF for children: Start with ₹500, follow key rules and build a substantial fund over 15 years
If you are planning to start saving for your child’s future, the Public Provident Fund (PPF) can be a useful long-term option...
Bank unions threaten indefinite strike from October 26 over five-day week and performance incentive scheme
Banking services across India could face disruption in September and October as bank employees and officers prepare for a nationwide strike…
Small-cap funds attract record inflows as assets surge 24.3% in seven months amid strong investor demand
Small-cap mutual funds have emerged as one of the strongest investment themes this year, with both returns and investor flows rising sharpl…
Bank deposits hit 10-year high as growth surges to 15.4% as credit demand strengthens nationwide
Bank deposits in India grew at their fastest pace in nearly a decade by July 31, even as strong credit demand pushed loan growth to its hig…
SBI to charge ₹15 plus GST for cash withdrawals beyond 4 monthly transactions
State Bank of India (SBI) will revise its service charges for Basic Savings Bank Deposit (BSBD) account holders from October 1, 2026, limit…
SCSS offers senior citizens regular income at 8.2% interest, with quarterly payouts and five-year maturity period
If you are a senior citizen looking for a regular income stream after retirement, the Post Office Senior Citizens’ Savings Scheme (SCSS) ca…
High-level panel on banking reforms to be announced soon, FM says PSBs need to support Viksit Bharat goal
The government will soon announce a high-level committee to review and suggest reforms for the banking sector, Finance Minister Nirmala Sit…
Bombay High Court urges Vijay Mallya, banks to end decade-long dispute
The Bombay High Court has urged fugitive businessman Vijay Mallya and a consortium of banks led by State Bank of India (SBI) to bring their…
RBI bars banks from locking personal devices over unpaid loans from January 2027
The Reserve Bank of India has barred banks and financial institutions from locking or disabling a borrower's mobile phone, laptop or tablet…
UPI payments remain free for customers as government clarifies proposed MDR framework amid growing controversy
India’s millions of daily UPI users have little reason to worry about being charged for routine digital payments, with the government clari…
RBI Tightens Fixed Deposit Rules for Small Finance Banks, Mandates Greater Rate Transparency and Uniform Customer Treatment
The Reserve Bank of India (RBI) has introduced a fresh set of rules for fixed deposits (FDs) offered by Small Finance Banks (SFBs), aiming …
UPI Fee May Return After Six Years as Government Proposes Legal Changes to Payment Rules
The Union Finance Ministry has proposed amendments to India's digital payments law that could pave the way for the return of Merchant Disco…
RBI Holds Key Rate at 5.25%, Borrowers Face EMI Freeze as Global Inflation Risks Keep Pressure Alive
If you were hoping for cheaper home, car or personal loans anytime soon, the wait is set to continue...
Large-Cap Funds Dominate SIP Inflows Despite Mid- and Small-Cap Funds Delivering Better Returns This Year
Investors continue to pour money into large-cap mutual funds through Systematic Investment Plans (SIPs), even as mid-cap and small-cap sche…
Government Rules Out E20 Engine Damage, Says Over 230 Million Vehicles Running Without Fuel-Related Problems Nationwide
The Centre has dismissed concerns that E20 petrol — fuel blended with 20% ethanol — damages vehicle engines, telling Parliament that there …
Mutual fund folios hit 27.39 crore as retail investors keep equity schemes firmly in focus
India's mutual fund industry continued to witness strong participation from retail investors during the financial year 2025-26, with equity…
EPFO 3.0 brings instant PF withdrawals through UPI and ATMs with faster digital claim settlement
The Employees' Provident Fund Organisation (EPFO) is preparing to roll out a major digital transformation under its upcoming EPFO 3.0 platf…
Nirav Modi must repay Rs 108 crore to Bank of India as London High Court upholds personal guarantee
Fugitive diamond trader Nirav Modi has suffered another legal setback after the London High Court directed him to pay 11.5 million dollars,…
PhonePe introduces quarterly maintenance fee on inactive wallets after one year of non-usage
Digital payments platform PhonePe is preparing to levy a maintenance charge on inactive wallet accounts, a move that has triggered widespre…
8th Pay Commission terms approved: Basic pay may touch ₹45,000, benefiting 1.24 crore employees
The Centre has approved the Terms of Reference (ToR) for the 8th Pay Commission, setting the stage for a major revision in salaries, pensio…
Income tax return filing begins for FY26 as taxpayers get key compliance checklist
The Income Tax Return (ITR) filing process for financial year 2025-26 has begun, and taxpayers are being advised to complete the exercise c…
Sebi simplifies share transfer rules, making inheritance claims faster and paperwork-free for investors
The Securities and Exchange Board of India (SEBI) has significantly eased the process of transferring shares and bonds of deceased investor…
EPF interest rate stays at 8.25% for third year as government clears payout process
More than seven crore salaried employees across India are set to receive 8.25% interest on their Employees’ Provident Fund (EPF) deposits f…
Will the Tax on Cryptocurrency Be Reduced in Budget 2025? Here’s What Experts Say
As the Union Budget 2025 nears, the cryptocurrency industry in India is hopeful for progressive reforms...
SEBI clears Pranav Adani in Adani Green insider trading case over SB Energy acquisition
Market regulator SEBI has given a clean chit to Pranav Adani and two of his relatives in an insider trading case linked to Adani Green Ener…
Sensex surges 1,695 points on Iran-US peace hopes, Nifty jumps sharply amid buying spree
Indian equity markets staged a spectacular rebound on Friday as investor sentiment improved sharply on reports of a possible peace agreemen…
NSE extends F&O trading by 10 minutes as new closing auction system rolls out
A major change is coming to India’s derivatives market from August 3, with the National Stock Exchange (NSE) extending the normal trading h…
Salary earners with additional income asked to file ITR-2 returns before July 31 deadline
The Income Tax Department has started online filing facilities for ITR-2 for Assessment Year 2026-27, giving relief to taxpayers with incom…
RBI approves record ₹2.87 lakh crore dividend, giving Centre major relief amid Middle East tensions
The Reserve Bank of India has approved a massive dividend payout of ₹2.86 lakh crore to the Central government for the financial year 2025-…
Atal Pension Yojana completes 11 years, offers monthly pension up to Rs 5,000 after retirement
The Centre’s social security scheme Atal Pension Yojana (APY) has completed 11 years on May 9...
Government clears 100 percent FDI in insurance sector, automatic route opened for full foreign ownership
The Centre has approved 100 percent foreign direct investment in the insurance sector, allowing overseas investors to take full ownership i…
FD rates rise for senior citizens in 2026: Small finance banks lead returns, while public and private banks offer stable options
Amid persistent volatility in equity markets, fixed deposits are once again emerging as a preferred investment avenue for senior citizens...
India sees sharp rise in ultra-wealth ranks, Billionaire count expected to jump to 313 by 2031
India’s ultra-wealth segment is expanding at a rapid pace, reflecting deeper economic shifts and rising capital concentration...
Indian investors lose ₹7 lakh crore in three days as Sensex falls 2,600 points sharply
Indian investors have seen a sharp erosion of wealth, losing over ₹7 lakh crore in just three trading sessions.
RBI cancels payment bank licence, depositor funds remain protected under insurance and withdrawal norms
The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, citing financial irregularities. The move has r…
RBI changes e-mandate rules for foreign payments users get 24 hour alert and control
The Reserve Bank of India has revised rules governing automatic payments to foreign service providers, giving users greater control over re…
Repo rate unchanged, loans stay cheaper as RBI holds interest rate steady at 5.25%
The Reserve Bank of India has kept the repo rate unchanged at 5.25 percent in its first monetary policy meeting of the new financial year, …
Banking stocks tumble sharply on March 23: HDFC to SBI hit as Bank Nifty slides
Monday, March 23, turned out to be a difficult trading session for India’s banking sector, with sharp losses triggering concern among inves…
Insurance ads show low premiums but charge more later: 82% users report deception across platforms
Digital insurance buying is becoming easier, but hidden manipulative practices are rising sharply...
Bank collapse: How much money you really get back, key facts every FD investor must know
Many depositors assume that money kept in fixed deposits is completely safe, but the reality is more nuanced...
Imports outpace exports as India’s booming trade nears $1.85 trillion, widening deficit concerns
India’s global trade story continues to expand at a rapid pace, with total trade volumes approaching a massive $1.85 trillion this financia…
New income tax rules from April 1 reshape salary perks housing cars retirement funds taxation
India is set to roll out a sweeping overhaul of its income tax framework from April 1, 2026, replacing the decades-old Income-tax Act, 1961.
India-US trade deal signing awaits new tariff architecture as talks continue, government clarifies amid uncertainty
India is not stepping back from its proposed trade agreement with the United States, but the formal signing will take place only after a ne…
RBI caps daily dollar holdings of banks at 100 million to curb rupee fall
The Reserve Bank of India has directed banks to limit their daily dollar holdings to 100 million, aiming to arrest the sharp fall in the ru…
Banks must stop mis-selling insurance, focus on core operations: Sitharaman issues stern warning
Finance Minister Nirmala Sitharaman on Monday pulled up banks for aggressively pushing insurance and other financial products, saying they …
Mumbai civic body crosses Rs 80,000 crore mark: Can record budget transform the megacity?
Often described as India’s economic capital and home to some of the world’s richest individuals and top film stars...
Cash payments at toll plazas to end from April 1, 2026 nationwide
From April 1, 2026, commuters on National Highways across India may no longer be able to pay toll in cash...
IDFC First bank shares crash 16% after Rs 590 crore fraud at Chandigarh branch
Shares of IDFC First Bank tumbled sharply on February 23, closing 16% lower at Rs 70.09 after a Rs 590 crore fraud surfaced at its Chandiga…
Sebi clears ipo plans of five firms including Duroflex and Hexagon Nutrition
The Securities and Exchange Board of India has cleared the initial public offering proposals of five companies...
Repo rate unchanged at 5.25%, loans stay affordable as RBI pauses after cumulative 1.25% cuts in 2025
The Reserve Bank of India has decided to keep the repo rate unchanged at 5.25%, signalling relief for borrowers as loan interest rates and …
Budget 2026: Opposition flags neglect of middle class, unemployment and weak consumption demand
Indian Finance Minister Nirmala Sitharaman presented her 9th consecutive budget on Feb 1 and claimed that it will lead the country towards …
Budget 2026 sticks to capex path, avoids tax relief as opposition flags middle-class neglect
The Union Budget 2026–27 was presented in Parliament by Finance Minister Nirmala Sitharaman with a clear emphasis on sustaining economic gr…
NSE gets SEBI approval for IPO after 10 years, listing likely in 8-9 months
The National Stock Exchange, India’s largest stock exchange, has received approval from market regulator SEBI to file for its initial publi…
Gold loan market doubles in two years as portfolio touches rupees fifteen point six lakh crore
India’s gold loan market has expanded sharply over the past two years, driven by rising gold prices and growing lender interest in the safe…
Bitcoin Hits Record High of $109,000: Experts Predict it Could Reach $250,000 by Year-End
Bitcoin, the world’s largest cryptocurrency, continues its remarkable rally, setting a new record high of $109,000 on January 20...
Hdfc bank profit rises 11.5 percent to ₹18,654 crore in Q3, asset quality improves
India’s largest private sector lender HDFC Bank on Saturday, January 17, announced its financial results for the third quarter of FY26, rep…
Indian stock markets to trade on budget Sunday February 1 marking rare working weekend event
Despite falling on a Sunday, February 1, 2026, will be a full trading day for India’s stock markets, as both the Bombay Stock Exchange and …
Loan conditions and FD-like pitch drive insurance mis-selling as complaints cross 1.2 lakh nationwide IRDA
India’s insurance regulator has raised fresh concern over widespread mis-selling in the life insurance sector, warning that misleading sale…
SBI’s ‘Har Ghar Lakhpati’ RD scheme lets savers build one lakh with small monthly deposits
State Bank of India is offering a special recurring deposit scheme called ‘har ghar lakhpati’, aimed at encouraging small savers to build a…
RBI explores fresh relief measures for Indian exporters hit by steep US tariffs
The Reserve Bank of India is weighing new ways to support Indian exporters facing pressure from steep US tariffs, after its earlier loan re…
G Ram G scheme to give states ₹17,000 crore gain, sbi says up bihar maharashtra benefit most
The new rural employment law, developed India guarantee for employment and livelihood mission, is expected to strengthen state finances and…
Monthly sip of ₹24,000 with annual step-up can help build ₹6 crore retirement corpus
Planning for retirement requires clear goals, discipline, and steady investing...
SBI cuts fixed deposit rates after repo cut, Amrit Vrishti returns trimmed, WeCare unchanged
The recent cut in the Reserve Bank of India’s repo rate is now reflecting in bank deposit rates, with the country’s largest lender, State B…
RBI defers faster cheque clearance plan, keeps next-day credit system unchanged for now
The Reserve Bank of India has postponed the next stage of its plan to speed up cheque clearance, allowing banks more time to prepare for ti…
Invest in national highways as Sebi clears NHAI trust offering returns above bank deposits
Common investors can now earn from the country’s national highways, as the Securities and Exchange Board of India has approved the National…
One Week Left to File ITR With Late Fee, Refund Delay Worries Grow for Taxpayers
The clock is ticking for taxpayers who are yet to file their Income Tax Return for the financial year 2024-25.
Parliament clears 100% FDI in insurance sector, foreign firms can own companies fully now
Parliament has passed a key reform bill allowing 100 percent foreign direct investment in India’s insurance sector, opening the door for gl…
Insurance Laws Amendment Bill 2025 introduced to expand coverage, boost investments and protect policyholders nationwide
Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill 2025 in the Lok Sabha, positioning it as a ke…
RBI clears HDFC Group to raise IndusInd Bank stake to 9.5% for one year
India’s largest private sector lender HDFC Bank has received regulatory approval to allow its group companies to collectively acquire up to…
India IPO market set to break records in 2026 as companies plan massive fund raising
India’s primary market is heading for another historic phase, with 2026 likely to surpass all previous IPO records set over the past 18 yea…
ED freezes Reliance Infra’s 13 bank accounts in probe into alleged fund diversion
The Enforcement Directorate has frozen 13 bank accounts of Reliance Infrastructure Limited, blocking deposits worth Rs 54.82 crore...
Mutual fund assets set for four-fold jump as youth drive equity wave in India over next decade
India’s investment landscape is witnessing a decisive generational shift, with young investors driving an unprecedented rise in equity-link…
Government plans major customs overhaul before Budget
The Finance Ministry signals a major shift in India’s customs administration, with Finance Minister Nirmala Sitharaman announcing that the …
Trading Scam Costs 72-Year-Old Businessman 35 Crore, Broker Falsely Shows 18 Percent Profit
Mumbai businessman Bharat Harakhchand Shah, 72, lost 35 crore in a trading scam involving Glob Capital Market Limited...
Credit Scores to Update Every Seven Days from April 2026, Benefiting Banks and Borrowers
Starting April 2026, credit scores in India will see weekly updates instead of the current biweekly system, promising faster reflection of …
Credit score to update weekly from April 2026 under RBI’s tighter reporting rules
The Reserve Bank of India is set to shorten the waiting period for credit score updates from April 2026...
Mutual funds bought over 1 crore shares in five rising stocks during October
The domestic market saw strong accumulation by mutual funds in several key stocks through October...
Nifty hits 26,000 milestone as Sensex edges closer to record amid steady momentum
Indian equity markets ended near all-time highs on 17 November 2025, driven by firm quarterly earnings and improved global sentiment...
Sebi cautions investors on rising digital gold risks, urges shift to regulated options
The Securities and Exchange Board of India has issued a strong public advisory warning investors against purchasing digital gold or e-gold …
Silver drops ₹3,363 in a day as gold falls ₹1,760; both metals still costlier this year
Gold and silver prices saw a sharp fall on November 14, reversing their recent upward trend...
Crypto market suffers sharp crash as Bitcoin slides below 97,000 dollars amid heavy selloff
The global cryptocurrency market witnessed a severe downturn once again as Bitcoin slipped below the crucial 100,000-dollar mark on Friday,…
Centre approves terms for 8th Pay Commission: new salary structure likely from January 2026
The Union Cabinet on Tuesday, October 28, approved the Terms of Reference (ToR) for the 8th Central Pay Commission...
Government plans discount for women, seniors and retail investors in debt market investments
The Central government is planning to offer discounts and benefits to senior citizens, women, and retail investors who invest in the debt m…
Pension of Rs 3k/month for just Rs 55: Shram Yogi Mandhan Yojana offers security to unorganised workers
Millions of workers in India’s unorganised sector earn their livelihood through daily wage jobs but lack formal benefits like provident fun…
Markets Surge on Diwali: Sensex Rises 411 Points, Nifty Gains 133 Points
On October 20, 2025, Indian stock markets showed strong gains as investors celebrated Diwali with optimism...
FPI Turns Buyer After Three Months of Heavy Selling in Indian Markets
Foreign Portfolio Investors (FPI) have shifted back to buying in the Indian stock market after three months of continuous selling...
Employees Can Withdraw 75 Percent PF Next Day After Job Loss Under New Rules
Now, employees can withdraw up to 75 percent of their provident fund (PF) balance immediately after leaving a job...
EPFO simplifies rules, allows full withdrawal from PF accounts without documents to ease access
The Employees’ Provident Fund Organisation (EPFO) has announced major changes in its withdrawal rules, allowing members to withdraw their e…
Mutual Fund SIP Investments Cross 29,000 Crore Mark In September 2025
In September 2025, investments through Systematic Investment Plans (SIPs) in mutual funds grew by 4 percent...
Earn ₹61,000 monthly from PPF using 15+5+5 investment strategy to build ₹1.03 crore corpus
The government has maintained interest rates for small savings schemes in the October-December quarter...
Post Office Monthly Income Account Offers 7.4 Percent Interest Helping Investors Earn Steady Monthly Income
The Post Office Monthly Income Account is a small savings scheme supported by the Government of India...
Bitcoin hits all-time high of Rs 1.10 crore, doubles in a year after global policy shift
Bitcoin has reached an unprecedented milestone, crossing Rs 1.10 crore for the first time on October 5...
Credit card payments delayed by one day can attract fine up to Rs 1,000, but credit score does not drop instantly
If you delay your credit card bill or loan installment payment even by a single day, you can be charged a fine between Rs 100 and Rs 1,000.…
UPI Payments at Toll Plazas to Become Cheaper, Cash Payments to Cost Double from November 15
UPI-based payments at toll plazas will soon become more affordable as the government has revised the Fastag rules...
Headline: Finance Minister Launches 'Your Capital, Your Right' Campaign to Recover Lost Assets
Finance Minister Nirmala Sitharaman launched the 'Your Capital, Your Right' campaign on October 4, 2025, from Gandhinagar, Gujarat...
Income Tax Department Offers Relief, Clear Pending Dues by December 31 Without Worry
The Income Tax Department has announced a major relief for small taxpayers who faced unexpected tax demands due to system errors...
8th Pay Commission to Fully Implement by 2028, Arrears from 2026, Salary Could Rise Significantly
The 8th Pay Commission may take until 2028 to be fully implemented...
RBI issues new rules for quicker settlement of claims from deceased customers’ accounts and lockers
The Reserve Bank of India (RBI) has revised the claim settlement rules for deceased customers, directing all banks to process such claims w…
EPFO cautions members against premature PF withdrawals, warns of recovery and penalties for misuse
EPFO has issued an advisory cautioning members against withdrawing their provident fund (PF) savings prematurely for reasons not covered un…
Over 6 crore ITRs filed as deadline ends, taxpayers now await refunds amid processing delays
The last date for filing income tax returns (ITR) for the financial year ended on September 15, 2025...
SBI sells 13.18 percent stake in Yes Bank to SMBC for Rs 8,889 crore
SBI has sold 13.18 percent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,889 crore...
UPI rules revised, payment limit raised to 10 lakh rupees, jewelry and services included
UPI users in India received a major update today as the National Payments Corporation of India (NPCI) introduced changes to daily payment l…
Bank of Baroda declares Anil Ambani a fraud, default crosses Rs 1656 crore, 3rd bank tags Anil Ambani as fraud
Reliance Group chairman Anil Ambani has been declared a fraud borrower by Bank of Baroda...
New financial rules to take effect from September 1, changes to impact daily expenses
From September 1, 2025, several new rules connected directly with household budgets and daily spending will come into force...
Prime Minister Jan Dhan Yojana completes 11 years with 560 million bank accounts opened
Prime Minister Jan Dhan Yojana (PMJDY) has completed 11 years today, 28 August...
New Income Tax Bill 2025 to Bring Key Changes; Panel Submits 10 Big Recommendations
The New Income Tax Bill 2025 is set to be tabled in Parliament on Monday, August 11. The proposed legislation has already generated signifi…
FPI Pull Out Rs 18,000 Crore From Indian Markets In August Amid Tariff Tensions
Foreign Portfolio Investors (FPIs) have continued to pull money out of Indian equities, taking out nearly Rs 18,000 crore in August 2025 al…
Tax Department Watching Cashback on Digital Payments and Big Online Shopping Rewards**
Cashback on digital payments, online shopping, or bill payments has become a common way for people to save money or enjoy rewards...
ICICI Bank sets Rs 50,000 minimum balance in metros, here’s how to avoid penalties
From August 1, 2025, ICICI Bank savings account holders in metro and urban areas must keep at least Rs 50,000 in their accounts...
Indian markets end in green despite Trump’s 50% tariff blow on Indian exports
Despite early weakness, Indian equity markets closed higher on Thursday, August 7, 2025...
RBI announces KYC drive, claim rules and auto-investment feature for small investors and Jan Dhan holders
To mark 10 years of the Jan Dhan Yojana, the Reserve Bank of India has announced a special re-KYC campaign for account holders...
RBI keeps repo rate unchanged at 5.5 percent due to tariff and market uncertainties
The Reserve Bank of India has decided not to change the repo rate this time...
Loan May Get Cheaper in Coming Months, RBI Likely to Cut Repo Rate in October
The Reserve Bank of India (RBI) may reduce the repo rate in October this year...
PPF 15+5+5 formula can make you a crorepati, monthly income of ₹61,000 for life with zero risk and full tax-free returns in 25 years
The Centre has kept interest rates on small savings schemes unchanged for Q2FY26...
Shift from Traditional Saving Patterns: FD Losing Ground, Trust on Mutual Funds on Rise
Bank fixed deposits (FDs) are no longer the go-to investment for Indian households...
RBI scraps pre-payment charges on floating rate loans from 2026
Major relief for home loan, MSE borrowers; uniform rules for banks, NBFCs
ITR Filing Helps in Securing Loans Easily: Even Those Earning Below Rs 2.5 Lakh Should File
The process of filing Income Tax Returns (ITR) for the financial year 2024-25 is now underway, with the last date set as September 15, 2025…
Six Mutual Fund Companies Will Launch NFOs This Week
In May, India saw a massive increase in money flowing into New Fund Offers (NFOs) – more than a 1,000% jump...
UPI now 2x faster, NPCI slashes transaction time to 10–15 seconds; check your UPI app today
From Monday, UPI transactions—including money transfers, balance checks, and transaction reversals—will take between 10 and 15 seconds...
Home Loans Get Cheaper, Monthly EMI on ₹30 Lakh Home Loan to Drop by ₹1,000
Four public sector banks—Punjab National Bank (PNB), Bank of Baroda, UCO Bank, and Bank of India—have reduced their interest rates...
RBI Cuts Repo Rate by 0.50%, Loan Takers can save up to ₹1.48 lakh on a 20-year loan
The Reserve Bank of India has reduced the repo rate by 0.50%, bringing it down to 5.50%. This marks the third rate cut in 2025...
Higher Loan on Gold Now: Up to ₹85,000 on ₹1 Lakh Value
The Reserve Bank of India (RBI) has revised its gold loan norms, bringing significant relief to small borrowers...
Soon, PF Withdrawals via UPI and ATM Likely: EPFO Plans Major Upgrade in June for Emergency Access
The Central Government is preparing to roll out a significant upgrade to the Employees’ Provident Fund Organisation (EPFO) system in June...
ITR Filing for FY 2024-25 Begins as Department Releases Forms
The Income Tax Department has released the Excel utilities for ITR-1 and ITR-4 for the financial year 2024-25 (assessment year 2025-26), al…
RBI Buys 72.6 Tonnes of Gold in 2024; Currency Printing Cost Rises 25% to ₹6,373 Crore
The Reserve Bank of India (RBI) added 72.6 tonnes of gold to its reserves in 2024 and purchased an additional 2.8 tonnes in the first two m…
Bank Deposit Insurance Cover May Rise to Rs 10 Lakh: Government Likely to Announce Hike Within 6 Months
The Indian government is considering a proposal to increase the deposit insurance limit from the current Rs 5 lakh to Rs 10 lakh...
RBI announces record surplus transfer of ₹2.69 lakh crore to central government
The Reserve Bank of India (RBI) has announced a record surplus transfer of ₹2.69 lakh crore to the central government for the fiscal year 2…
Government Approves 8.25% Interest Rate on EPF Deposits for FY 2024–25
The Ministry of Finance has ratified an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2024–25...
Yes Bank Stake Sale: SBI to Offload 20%, Japan's SMBC Eyes Majority Control
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is in talks to acquire a major stake in India’s private sector lender, Yes Bank...
Market Investors Lose ₹8.5 Trillion in Four Months, Still Declining
The stock market reached its peak in September 2024, but conditions have since changed drastically...
Bluechip Mutual Funds Delivering Robust Returns Amid Market Volatility
In the face of recent market volatility, bluechip mutual funds, also known as large-cap funds, have demonstrated resilience by delivering i…
Atal Pension Yojana Marks 10 Years: Affordable Retirement Security for India's Unorganised Sector
Launched on May 9, 2015, by Prime Minister Narendra Modi, the Atal Pension Yojana (APY) has completed a decade, providing financial securit…
Double in 5 Years and Triple in 7.5 Years: How Much Will Your Money Grow in 10 Years?
Many people ask how long it will take for their investments in banks or post offices to double or triple...
RBI Empowers Children Above 10 to Operate Bank Accounts
In a significant move aimed at promoting financial literacy and independence among young individuals, the Reserve Bank of India (RBI)...
RBI Mandates Banks to Transition to 'bank.in' Domain to Strengthen Cybersecurity
In response to the increasing incidents of digital payment frauds and phishing attacks, the Reserve Bank of India (RBI) has announced...
HDFC Bank Crosses ₹15 Lakh Crore Market Cap
HDFC Bank has become the third Indian company to surpass a market capitalization of ₹15 lakh crore...
World Bank Lowers India’s FY26 GDP Growth Estimate to 6.3%
Following the International Monetary Fund (IMF), the World Bank has also slashed India's economic growth forecast for the financial year 20…
HDFC Bank Reports 7% Profit Growth in Q4 FY25, to give dividend of ₹22 per equity share
HDFC Bank has announced a 7% year-on-year increase in net profit for the fourth quarter of FY25, reaching ₹17,616 crore...
No GST on UPI Transactions Above ₹2,000: Finance Ministry Clarifies
The Ministry of Finance has categorically denied recent reports suggesting the imposition of Goods and Services Tax (GST)...
PhonePe Transitions to Public Company Ahead of IPO Plans, Strategic Move to Facilitate Upcoming Public Listing
PhonePe, India's leading digital payments platform, has officially transitioned from a private to a public company...
PF Withdrawal Process Made Easier: No Need for Cancelled Cheque or Passbook Copy Now
The Employees’ Provident Fund Organisation (EPFO) has simplified the procedure for withdrawing money from the PF account....
Major Overhaul in PF Withdrawal Process: Employer Approval and Document Uploads No Longer Required
In a significant move aimed at simplifying the Employees’ Provident Fund (EPF) claim process...
Banking Rules to Change from April 1: Charges to be Levied for Minor Lapses
If you have a bank account, this news is crucial for you. Starting April 1, 2025, several banking rules across the country will undergo cha…
Finance Bill Passed in Lok Sabha: Impact on Google Tax and Online Advertising
Finance Minister Nirmala Sitharaman presented the revised Finance Bill 2025 in the Lok Sabha, which has now been passed...
EPFO Raises Auto-Settlement Limit to ₹5 Lakh, big relief to 7.5 Cr members
In a significant step to improve ease of access for its 7.5 crore members, the Employees’ Provident Fund Organisation (EPFO) has decided to…
Complete Your Tax-Related Tasks Before March 31 or Pay 50% Extra Tax
March is nearing its end, and it’s crucial to complete several financial tasks before March 31...
Women Investing More in Mutual Funds Than Men: AMFI-Crisil Report
Women investors are increasingly dominating the mutual fund market in India, with their share reaching 25% of total investors...
EPFO Members to Withdraw Up to ₹1 Lakh via ATM, UPI From June
Employees’ Provident Fund Organization (EPFO) members will soon be able to withdraw up to ₹1 lakh from their provident fund (PF) accounts u…
Government Discontinues Medium - and Long-Term Gold Monetisation Schemes, Existing Deposits to Remain Active
The Government of India has officially discontinued the Gold Monetisation Scheme (GMS) for medium- and long-term deposits...
Government Hikes MPs' Salary, Pension, and DA by 24%
The central government has announced a 24% increase in the salary, pension, and daily allowance (DA) of Members of Parliament (MPs)...
Get Up to ₹50 Lakh Loan for Business Under PM Employment Generation Program
Entrepreneurs looking to start a small business but facing financial constraints can benefit from the Prime Minister’s Employment Generatio…
Unified Pension Scheme (UPS) to Roll Out from April 1, New Framework Notified
The Pension Fund Regulatory and Development Authority (PFRDA) has officially notified the Unified Pension Scheme (UPS), which will come int…
Mahila Samman Savings Certificate Closes on March 31: Last Chance to Invest at 7.5% Interest
The Mahila Samman Savings Certificate (MSSC), a special savings scheme designed for women, will stop accepting new investments after March …
UPI Will Not Work on Inactive Mobile Numbers from April 1: NPCI’s Move to Curb Cyber Fraud
If you use Unified Payments Interface (UPI) for transactions and your bank-linked mobile number has been inactive for a long time, you need…
Last Chance to Save ₹1 Lakh in Tax Under the Old Regime, March is the Final Month for Tax Planning
As the current financial year approaches its end in March, taxpayers should begin their tax-saving measures...
Nationwide 48-Hour Bank Strike from March 23 Midnight, All Banks to Remain Closed
The United Forum of Bank Unions (UFBU) has announced a nationwide 48-hour strike starting from midnight on March 23...
Equity Mutual Fund Investments Drop by 26.1% in February; Overall Inflows Decline by ₹1.47 Lakh Crore
In February 2025, equity mutual funds saw an inflow of ₹29,303 crore, marking a 26.1% drop compared to January’s ₹39,687 crore...
RBI Assures Stability of IndusInd Bank, Says Sufficient Capital Available; Financial Condition is Stable
The Reserve Bank of India (RBI) has confirmed that IndusInd Bank has adequate capital and remains financially stable...
India’s Forex Reserves Rise by ₹1.33 Lakh Crore, Reach ₹56.86 Lakh Crore
India’s foreign exchange (forex) reserves witnessed a sharp increase of ₹1.33 lakh crore ($15.26 billion) in the week ending March 7...
Deadline for UAN Activation Ends on March 15: Last Date to File Updated Returns is March 31, Key Financial Deadlines Approaching
The Employees’ Provident Fund Organisation (EPFO) has set March 15, 2025, as the deadline for activating the Universal Account Number (UAN)…
Government Plans to Introduce Universal Pension Scheme for All Citizens
The central government is preparing to launch a Universal Pension Scheme that will benefit all citizens, including workers from unorganized…
SEBI Imposes 30-Day Fund Deployment Rule for NFOs, Warns to Face Music Otherwise
The Securities and Exchange Board of India (SEBI) has introduced a new regulatory framework for asset management companies (AMCs), requirin…
Tuhin Kanta Pandey Appointed as New SEBI Chief for a 3-Year Term
The Central Government has appointed Tuhin Kanta Pandey as the next Securities and Exchange Board of India (SEBI) chairman for a term of th…
Invest in a Monthly Income Account for Regular Earnings: Earn Up to ₹9,250 Per Month
If you are looking for a steady monthly income, either after retirement or even before, the Post Office National Savings Monthly Income Acc…
Income Tax Rates Across the World: Where Does India Stand Few Countries Have Zero Income Tax
India's highest income tax rate stands at 39%, but many countries around the world have significantly lower tax rates, while others impose …
RBI Purchased 3 Tons of Gold in January: Reserves Reach 879 Tons Amid Market Uncertainty and Rupee Weakness
Amid global economic uncertainty and rupee depreciation, the Reserve Bank of India (RBI) purchased 2.8 tons of gold in January...
SEBI Imposes ₹10 Lakh Fine on Axis Securities
The Securities and Exchange Board of India (SEBI) has levied a penalty of ₹10 lakh on Axis Securities Limited for violations of stockbroker…
Bima-ASBA Rollout from March 1: Premium Payments to Get Simpler
The Insurance Regulatory and Development Authority of India (IRDAI) is set to launch Bima Applications Supported by Blocked Amount (Bima-AS…
Trump’s Tariff Threat Hits Pharma Stocks Hard, Markets React to 25% Tariff Announcement
US President Donald Trump’s announcement of a 25% tariff on pharmaceutical, auto, and semiconductor imports from April 25, 2025, has sent s…
ASBA Facility for Insurance Premiums: Funds to be Blocked Separately in Bank Account
Similar to the IPO process, policyholders can now set aside funds for insurance premiums in their bank accounts...
What is SBI’s JanNivesh? A Beneficial Investment Scheme for First-Time Investors
SBI Mutual Fund and Paytm have collaborated to launch the JanNivesh scheme, aimed at making investment accessible to the general public...
What Happens When a Bank Collapses, Safeguarding Your Money in Bank Failures
The Reserve Bank of India (RBI) has imposed restrictions on New India Co-operative Bank in Mumbai, Maharashtra...
Final Opportunity for Senior Citizens to Invest at High Interest Rates
Following last week's 0.25% reduction in the repo rate by the Reserve Bank of India (RBI)...
Invest in Silver Through ETFs: Silver ETFs Have Given Up to 35% Returns in a Year
This year, silver prices have seen a remarkable surge. According to IBJA, the price of 1 kg of silver has increased by ₹9,374, reaching ₹95…
Crackdown on Digital Fraud, Bank and NBFC Websites to Change Domain Names
To curb digital fraud, Indian banks and financial companies will change their domain names, i.e., their website URLs...
‘Mahila Samman Savings Certificate’ Scheme to End on April 1, 2025; Last Date to Invest is March 31
The government’s special investment scheme for women, ‘Mahila Samman Savings Certificate’ (MSSC), will be discontinued from April 1, 2025...
Finance Ministry Bans Use of ChatGPT and DeepSeek: AI Tools Deemed a Threat to Government Data
The Indian Finance Ministry has issued an advisory instructing its employees to refrain from using AI tools like ChatGPT and DeepSeek for a…
Finance Minister Nirmala Sitharaman Unveils Major Initiatives for Rural and Digital Growth
The Union Budget has introduced several initiatives designed to strengthen India's key sectors...
RBI May Cut Repo Rate by 0.25%: Announcement Expected on Feb 7, Relief in EMI Payments After Tax Cuts
The Union Budget for the financial year 2025-26 has been presented, and now all eyes are on the Reserve Bank of India (RBI)...
Why Are Budget-Making Officials Locked in a Basement? Why is the Budget Presented at 11 AM on February 1? 9 Interesting Facts
During British rule, the budget was traditionally presented on the last day of February at 5 PM...
Credit Card Count Doubles in Five Years, Nearing 11 Crore
The number of credit cards in India has surged significantly, doubling over the past five years to reach approximately 108 million by Decem…
Tax Relief Likely for Those Earning Below ₹15 Lakh Annually, Budget May Bring Benefits For Middle Class
With just a week left for the presentation of the Union Budget 2024-25, Finance Minister Nirmala Sitharaman is set to unveil it on February…
Growing Craze for Stock Market Earnings: NSE Crosses 11 Cr Registered Investors
The appetite for stock market investments in India is reaching new heights, as reflected in the latest data from the National Stock Exchang…
Gold Prices Soar to Three-Month High Amid Trump Policies, Dollar Decline
Gold prices reached a three-month high in the international market on Wednesday, driven by uncertainty surrounding U.S. President Donald Tr…
14.63 Lakh New Members Join EPFO in November 2024
The Employees' Provident Fund Organisation (EPFO) continues to witness a steady increase in membership...
Supreme Court Rules Against SBI in Online Fraud Case: Orders ₹94,000 Refund
A major update regarding India’s largest bank, SBI, has emerged as the Supreme Court reprimanded the bank and ordered it to pay ₹94,000 to …
Become a Lakhpati by Saving ₹591 Monthly: SBI’s Exciting New Schemes
To attract customers in the New Year, banks are launching innovative schemes...