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The Senior Citizens Savings Scheme (SCSS) is one of the most popular fixed-income investment options for retirees as it offers government backing, regular quarterly payouts and higher interest rates than most fixed deposits. The scheme comes with an initial maturity period of five years, post which the account holder can either withdraw their entire accumulated…
Today is 15 August, a special day of freedom, independence, and light for Indians across the globe. This is the perfect day to start afresh and devise a meaningful economic planning and investment strategy to achieve financial freedom in the long run. Furthermore, financial freedom today is generally associated with earning more, having liquid cash…
The Department of Financial Services (DFS), Ministry of Finance, on Friday, August 14, 2026, released a guideline for insurance policyholders, through which they can raise complaints against unfair claim rejections, delays, mis-selling or other service-related issues and seek faster resolutions. “As insurance adoption accelerates across India, navigating the customer Grievance Redressal Mechanism has become a…
An investor has posted his investment journey on social media platform X (formerly known as Twitter), claiming that he grew his portfolio from ₹5 lakh to ₹1.30 crore over a period of seven years. Identified only as “R”, with the handle @AlphaWizarDD on X, the investor said his investing journey began in 2018-19, with ₹5…
Jan Suraaj Party founder and now MLA from Bihar’s Bankipur, Prashant Kishor declared a net worth of around ₹198 crore when he filed his nomination for the bypolls that took place on 30 July. The former election strategist contested and won an election for the first time. As her his election affidavit, Kishor declared movable…
A ₹1 crore life insurance claim took a legal turn after Tata AIA rejected a widow’s claim, alleging that the policyholder withheld some information in the declaration form. The dispute eventually reached the Telangana State Consumer Commission, which examined whether the insurer had enough evidence to justify denying the death benefit. Telangana State Consumer Disputes…
The income tax department announced on Saturday, August 15, that declarations under the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS) will open tomorrow and can be filed until the end of December. Notifying the rules of the tax compliance scheme, the Central Board of Direct Taxes (CBDT) said that it “enables eligible taxpayers to declare…
The 8th Central Pay Commission (8th CPC) has plans to interact with employee and pensioner associations, federations, unions of central government, UT employees and other stakeholders across the country, as part of its consultation stage. The panel’s decisions are expected to benefit more than 1 crore people, including around 50 lakh central government employees and…
The Dearness Allowance (DA) is an important component of the salary of central government employees and pensioners. It is revised periodically by the government to compensate for changes in the cost of living, with inflation data playing a key role in determining the revised rate. The central government generally revises the Dearness Allowance (DA) twice…
A ₹5 lakh savings corpus can provide an individual with more than just a financial cushion. It can be the starting point of a well-thought-out investment journey. All it takes is proper planning and long-term vision. Still, with options ranging from fixed deposits, mutual funds, gold, bonds, and equities, deciding where to put the funds…