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Bank fixed deposits (FDs) remain a preferred investment option for investors seeking stable and predictable returns. They are particularly popular among senior citizens and conservative investors. A comparison of fixed deposit rates for deposits up to ₹1 crore shows significant differences across banks. The data is based on rates available on 3 August 2026. It…
The Income Tax Department has released the Excel utility for the ITR-6 for Assessment Year (AY) 2026-27, allowing eligible companies to start preparing their tax returns offline. In a post on X on 5 August, the Income Tax Department said, “Kind Attention Taxpayers! The Excel Utility for ITR-6 for Assessment Year 2026–27 is now available…
Holding extra cash in a traditional savings account earning a meager 2.5% to 3% causes your money to lose real value against inflation. This yield gap is prompting smart savers to look beyond standard bank accounts for short-term funds. While fixed deposits and sweep-in accounts remain popular traditional choices, a new modern category—cash optimisation and…
Employees’ Provident Fund Organisation (EPFO) subscribers struggling to access old or inactive provident fund accounts may soon get major relief. The EPFO is expected to roll out E-PRAAPTI — a digital platform that will help members trace, link and claim funds lying in old or inactive PF accounts — by the end of August According…
The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25% for the fourth consecutive monetary policy review, signalling that interest rates are likely to remain stable for now even as the central bank marginally improved its outlook on growth and inflation. The RBI raised its FY27 GDP growth forecast to…
A woman who claimed a ₹6.92 crore exemption under Section 54F after purchasing a residential property from her husband has won significant relief from the Income Tax Appellate Tribunal (ITAT). The ruling reiterates that a genuine transaction between spouses cannot be treated as a tax avoidance arrangement merely because it results in a tax benefit….
The Reserve Bank of India (RBI) on Wednesday, August 5, kept the policy repo rate unchanged at 5.25% and retained its “neutral” stance, signaling a cautious wait-and-watch approach amid rising global and domestic uncertainties. Announcing the decision after the August Monetary Policy Committee (MPC) meeting, RBI Governor Sanjay Malhotra said the growth outlook remains uncertain…
The reversal began in late June. Concerns that major US technology companies had overbuilt AI data centres, coupled with disappointing earnings, erased 27% of SK hynix’s market value in just three trading sessions in late July, dragging Samsung lower as well. The potential for increased Chinese competition compounded the pressure. Falling prices triggered margin calls,…
While business and professional filers of ITR-3 and ITR-4 get more time, even those who missed the 31 July deadline get a chance to file a belated ITR, though with a penalty.
Paying off a loan before its tenure ends often feels like the right financial decision. It reduces the overall interest burden, frees up monthly cash flow and helps borrowers become debt-free sooner. But does repaying a loan early automatically improve your credit score? The answer is not as straightforward as a simple yes or no….