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Source: Live Mint The National Pension System (NPS) is a retirement savings scheme that is mandatory for government employees and optional for those in the private sector. It also offers tax benefits of up to ₹2 lakh under section 80CCD(1) and 80CCD (1B) of the Income Tax Act, 1961. One has to be a resident…
Source: Live Mint Punjab National Bank (PNB) has revised its interest rates starting Jan 1, 2025. The latest rates now offer interest up to 8.05 per cent per annum. The interest rates range between 6.85 percent to 7.3 for regular citizens. Senior citizens are offered an extra 50 basis points and super senior citizens are…
Source: Live Mint If you are looking for a credit card and do not want to cough up a large sum towards the annual fee, you may consider applying for SBI Card Unnati. The annual fee for the card is ₹499, which is waived off for the first four years. Additionally, this card offers a range of reward…
Source: Live Mint If you are planning to raise a personal loan and have a low salary, you don’t need to fret! You can still apply for a personal loan. Most banks offer personal loans to the borrowers who draw a lower salary, however this is subject to certain conditions. Before going further, let us recall…
Source: Live Mint If you are short of funds and need the money urgently, it is recommended to raise a personal loan. For instance, if there is a wedding at home and you have run out of money, you can raise a personal loan. Otherwise, your house needs renovation, and the bank balance is inadequate…
Source: Live Mint If you are planning to invest in mutual funds this year, one of the dilemmas you may face is choosing between active and passive mutual funds. With the benchmark index facing extreme volatility and having lost nearly 10 per cent off its peak, the scope of growth seems promising in this segment….
Source: Live Mint than one and a half years after the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes, only 1.88 per cent of the currency notes have yet to be returned, according to the latest RBI data released on January 1, 2025. The unreturned notes are worth ₹6,691 crore, reveals the…
Source: Live Mint If you have started using a credit card, you must be aware that there are quite a few options to claim cashbacks and rewards. It is, meanwhile, vital to note that one can maximise credit card cashbacks and rewards by being a little more proactive and smarter. For instance, if you leverage…
Source: Live Mint Borrowers can seek a personal loan from any of the main loan providers which include banks, non-banking financial companies, digital lending platforms, among others. Typically, one tends to seek a loan from a bank, but if the bank turns down the application, one can approach an NBFC or digital lending app. These are the five…
Source: Live Mint The calendar year 2025 has begun and the financial year 2025 is set to end in three months. However, taxpayers can still invest in a slew of tax-saving schemes that enable them to claim tax exemptions for fiscal 2024-25. So, it is vital to note that the investment must be made in…
