The Post Office’s Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme aimed at securing the financial future of daughters. Parents or guardians can open an account for a girl child up to the age of 10 years. The scheme currently offers an interest rate of 8.2% and provides a government guarantee, making it…
By CNBCTV18July 29, 2026, 5:31:00 PM IST (Updated) Markets rarely move in the same direction, making diversification essential for long-term investing. Vandana Trivedi, Chief Business Officer at Axis Mutual Fund, which manages assets worth over ₹3 lak…Read More Source link
Banks collected upwards of ₹26,170 crore from customers as fines for not keeping the minimum average balance (MAB) in their accounts across the four financial years spanning FY23 to FY26, as per a written reply given by Minister of State for Finance Pankaj Chaudhary in the Rajya Sabha. Figures gathered from public sector banks and…
Retirement marks a stage of life when a regular salary stops, but expenses continue. From healthcare costs and household bills to travel and personal goals, financial needs remain constant. With increasing life expectancy and rising inflation, building a retirement corpus has become an essential part of long-term financial planning. Starting early allows investments more time…
Pilgrimages in India are no longer limited to family groups or older travellers. Younger Indians, solo women travellers and digitally savvy pilgrims are planning spiritual journeys on their own, booking transport and accommodation online and travelling to destinations across the country. This shift is reflected in travel data. According to Cleartrip’s PeekABoo Trends Tracker, pilgrimage…
When purchasing health insurance, many people focus primarily on the sum insured, often overlooking specific clauses that can drastically alter their out-of-pocket costs. One such critical, yet frequently misunderstood, provision is the ‘room rent limit’. While it may seem like a simple upper cap on accommodation charges, it often acts as a silent cost multiplier….
Experts explain how to match your investment horizon with the right debt mutual fund, why liquidity should take priority over returns, and when arbitrage funds make sense for tax efficiency. Which fund is best for your money—three months, one year or two years? Watch the full discussion. Source link
A total of ₹9,330.56 crore remains parked in inoperative Employees’ Provident Fund (EPF) accounts as of March 31, 2026, the government informed the Rajya Sabha. The disclosure highlights the amount of provident fund savings that remains inaccessible to subscribers until they initiate the claim or transfer process. The issue was raised by Member of Parliament…
The Indian rupee closed stronger at 95.85 against the US dollar, appreciating from Monday’s close of 95.91/$, tracking softer global crude oil prices and steady foreign capital inflows. Market analysts attributed the rupee’s recent strength to a combination of factors, including cooling oil prices, improved capital flows, and active intervention by the Reserve Bank of…
Gold and silver prices declined on Tuesday (July 28), tracking weakness in global bullion markets as investors turned cautious ahead of the US Federal Reserve’s monetary policy decision due on July 29. On the Multi Commodity Exchange (MCX), gold futures for August delivery fell ₹1,213, or 0.85%, to ₹1.41 lakh per 10 grams. Silver futures…
