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Do you have ₹50,000 lying dormant in your savings account? Do you wish to turn it into ₹1 lakh? Have you devised a strategy for this to ensure the fastest possible doubling of your savings? It is essential to keep in mind that the applicable interest rates, compounding frequency, and the actual investment period make…
Banking customers across the nation can head towards their respective branches without any worry today, Saturday, 29 August 2026. This is the 5th Saturday of the month, and under the Reserve Bank of India (RBI) rules, only the second and fourth Saturdays are observed as bank holidays. Furthermore, all public and private-sector lending institutions, including…
Over seven crore income tax returns (ITRs) have been filed for Assessment Year (AY) 2026-27, according to the income tax department, with the 31 August deadline approaching for taxpayers earning business or professional income whose accounts are not subject to tax audit. The department said in a post on X that more than seven crore…
Odisha Chief Minister Mohan Charan Majhi on Friday released more than ₹5,160 crore under the fifth instalment of the Subhadra Yojana, benefiting over one crore women across the state. The funds were transferred directly to the bank accounts of 1,03,26,162 beneficiaries during an event held at Lathipada in Nayagarh district. Odisha Assembly Speaker Surama Padhy,…
The Association of Mutual Funds in India (AMFI) has re-elected Sundeep Sikka, Managing Director and CEO of Nippon Life India Asset Management Ltd, as its Chairman and Vishal Kapoor, CEO of Bandhan AMC, as Vice Chairman. The two executives were unanimously re-elected by AMFI’s Board of Directors following the industry’s Annual General Meeting, the association…
In a notable tax ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has granted complete tax relief to a former Bharat Sanchar Nigam Limited (BSNL) employee who opted for the company’s VRS-2019 Scheme. The woman employee had initially paid tax on her ex gratia compensation after claiming only the ₹5 lakh deduction…
US Treasury yields have been rising, with the 30-year yield reaching around 5.24% this week, as investors demand higher returns to lend to the US government for longer periods. The move matters beyond the US because Treasury yields act as a benchmark for borrowing costs globally. The US Treasury attempted to ease pressure on long-term…
Systematic Investment Plans (SIPs) are widely considered a simple way to invest regularly for long-term wealth creation. However, the impact of compounding can become significantly more powerful when investors consistently increase their SIP contributions over time. Even an additional ₹1,000 a month can make a substantial difference to the eventual corpus. The higher contribution not…
There is no single retirement corpus that can work for everyone. A ₹1 crore retirement fund may be sufficient for someone with modest expenses and a paid-off home, but could fall short for another person facing rent, healthcare costs and family responsibilities. For this reason, retirement planning should begin with how much you are likely…
While a consistent monthly paycheck manages routine bills and lifestyle choices, true financial security hinges on handling sudden income disruptions or major emergencies. In a LinkedIn post, certified financial planner Vijay Maheshwari highlights three non-negotiable foundations for working professionals: an emergency buffer, comprehensive medical cover, and systematic mutual fund investments. Each serves a distinct purpose—offering…