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The Employees’ Provident Fund (EPF) is mainly meant to help salaried individuals accumulate a sizeable corpus for retirement. However, members can also make partial withdrawals from their EPF accounts for specified financial requirements, such as marriage, higher education, repayment of a home loan, medical treatment and other eligible purposes. For employees with a substantial home…
When you invest through the National Pension System (NPS), choosing an account is only the first step. You also need to decide where your retirement money should be invested. NPS gives subscribers a choice of asset classes, ranging from equities and corporate debt to government bonds and alternative investments. For those who do not want…
For young salaried employees, the Employees’ Provident Fund (EPF) is often the first step towards building a retirement corpus. But should investors who already contribute to EPF also put money into the National Pension System (NPS)? Experts say the two need not be viewed as competing retirement products. While EPF provides a relatively stable retirement…
For consumers, borrowing money to invest can be far riskier, as market losses can quickly turn a leveraged investment into a financial burden. Margin Trading Facility (MTF) allows investors to purchase shares by paying only a portion of the investment upfront, while the broker funds the rest. This can increase an investor’s market exposure, but…
A single estate may be subject to different legal regimes, resulting in succession complexities.
The Reserve Bank of India (RBI) has proposed clearer rules for banks and non-banking financial companies (NBFCs) on loan spreads and annual percentage rates (APR) to enhance transparency in borrowing. The draft aims for a unified framework by 1 April 2027, allowing better comparison of loan costs, including a ceiling on APR for small loans…
In a significant judgment examining whether a mother’s employment and independent income could be a ground to lower the father’s financial contribution towards the interim maintenance of their minor children, the Supreme court clarified last week the extent to which the mother’s earnings can be taken into account while determining the father’s liability. The dispute…
A few things are worth understanding before investing: the fund’s underwriting philosophy, its track record, who it lends to, how tight its covenants are, how safe the collateral is (loans can be secured against unlisted shares, promoter equity and a lot more), and the lock-in period, typically five to seven years, with a minimum mandate…
If you have taken a loan against a life insurance policy, you may assume that the insurer cannot surrender the policy without your consent. A recent ruling of the National Consumer Disputes Redressal Commission (NCDRC), however, highlights why policyholders need to understand the legal effect of assigning a policy to a bank as loan security….
A person’s death does not automatically close their income tax matters. They may file returns, answer notices and pay tax demands. However, payments come only from the assets left by the deceased. Action may be needed when the deceased earned taxable income without filing a return. It may also be required when tax cases or…