A monthly SIP in Canara Robeco Savings Fund has grown into over ₹56 lakh over 21 years, according to data shared by Canara Robeco Mutual Fund, as the scheme completed its 21-year track record. The fund house said a ₹10,000 monthly SIP in the scheme’s Regular Plan – Growth Option since inception (March 4, 2005)…
NPCI BHIM Services Limited (NBSL), a wholly owned arm of National Payments Corporation of India, has launched biometric authentication for UPI transactions on the BHIM Payments App, allowing users to approve payments of up to ₹5,000 using fingerprint or facial recognition. The feature, available on both iOS and Android devices that support biometric capabilities, enables…
The Ministry of Railways has revised the rates of kilometrage allowance and allowance in lieu of kilometrage (ALK) for running staff, with retrospective effect from January 1, 2024, according to an official circular issued by the Railway Board. The revision follows an increase in Dearness Allowance (DA) to 50%, which typically triggers adjustments in certain…
Nippon Life India Asset Management said its flagship fund, Nippon India ETF Gold BeES, ranked sixth globally among gold exchange-traded funds (ETFs) by inflows, according to the latest comparative data released by the World Gold Council. The fund recorded inflows of $1.08 billion, translating into gold demand of 6.6 tonnes. It was the only Indian…
Gold and silver prices in India continued their downward trajectory on Tuesday (March 24), tracking weak global cues and sustained macroeconomic uncertainty, even as intermittent geopolitical developments triggered bouts of volatility. On the Multi Commodity Exchange (MCX), gold futures for April delivery declined by ₹2,260, or 1.62%, to ₹1.37 lakh per 10 grams, marking the…
Digital non-banking financial companies (NBFCs) sanctioned 9.9 crore personal loans valued at ₹1.53 lakh crore in the first three quarters of FY25-26, representing 78% of total personal loan volumes and 19% of total sanction value in the period, according to the latest report from the Fintech Association for Consumer Empowerment (FACE). The report, Digital Personal…
An emergency fund is a crucial component of personal financial planning, offering a buffer against unforeseen expenses such as medical emergencies, job loss, or sudden major repairs. Experts say it acts as a “financial shield” that helps protect long-term investments from short-term disruptions. “While people actively plan for goals like buying a home, investing in…
India’s financial regulators — the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and Insurance Regulatory and Development Authority of India (IRDAI) — have stepped up efforts to help citizens reclaim unclaimed financial assets, even as significant amounts remain unclaimed across the system. Data shared by the government shows that ₹5,777…
As India eyes 2047, health insurance is emerging as critical infrastructure, with policy reforms, tech, and new products driving wider access and financial security. By 2047, India’s defining question may not be how fast it grows, but how securely it sustains that growth. As lifespans lengthen, careers extend, and aspirations rise, progress will increasingly be…
Banks across India will observe multiple holidays in April 2026. The month will bring a mix of national festivals, regional new year celebrations, and mandatory weekend closures, making it important for customers to plan their financial activities. According to the official schedule released by the Reserve Bank of India (RBI), the month will begin with…
