My father had some fixed deposits in the bank and he passed away in July 2024. He did not write any will. I am the candidate for all the Fixed deposits He has. Since my father had no tax liability, he used to file Form 15H, so no TDS has been deducted in the past. … Read more
Kareena Kapoor Khan Alone, the film Jaane Jaan (2023) was carried on her shoulders despite support from good actors like Vijay Verma and Jaideep Ahlawat. This time, she plays a grieving mother/cop who locks up her son’s killer and seeks a transfer to a smaller town. But small towns like Wycombe in England are like … Read more
India’s small savings schemes, long prized for their high interest rates, are under scrutiny. The government has announced a strict crackdown on irregular deposits. Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) accounts, stripping them of their attractive 7.1% and 8.2% interest rates. Instead, such accounts will either not earn interest or will have … Read more
When you are looking for a bank Fixed deposits (FD), one of the key things you focus on is the highest interest rate offered by different banks. While the general rule is that banks tend to offer higher interest rates for long-term deposits and lower rates for shorter terms. For example, a five-year fixed deposit … Read more
If you own a credit cardYou can explore a number of offers offered by banks. These include offers at restaurants and cafes in your city and beyond. It is recommended to check out these offers before they expire. These offers are offered by cards issued by almost all major banks, such as HDFC Bank, ICICI … Read more
Why are health insurance policies sold by banks or companies like Paytm and PhonePe so much cheaper? How do these plans work? Are there any potential drawbacks that we should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are usually group plans. … Read more
If you use UPI Lite for low-value transactions, we have good news for you. Starting October 31, you will be able to use Automatic recharge option to recharge the amount of your choice in your UPI Lite account. By circular dated August 27, the National Payments Corporation of India (NPCI)) has announced that this UPI … Read more
“Which mutual fund should I invest in?” This must have been the twentieth time my sister had called me to ask this. As usual, I tried to explain the basics to her, but this time I was quickly interrupted. “Don’t waste my time, just tell me where most people are investing.” This was understandable. She … Read more
Despite the perennial dilemma of renting or buying, having a roof over one’s head is by far the top dream of every person. Given the upward trajectory of housing prices in India, a bank auction of distressed properties offers a unique opportunity to buy a property at a discount of up to 30% from the … Read more
I have made long term capital gains of Rs. 80 lakhs by selling shares allotted under ESOP in June 2024. Can I put ₹50 lakh in capital gains bonus to claim exemption under Section 54EC in FY 2024-25 and buy a house for ₹30 lakh during financial year 25-26 to claim exemption under Section 54 … Read more
