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Banks across several states in India will remain closed today, August 26, to observe Eid-e-Milad-un-Nabi. Eid-e-Milad-un-Nabi, or Mawlid, marks the birth anniversary of Prophet Muhammad and is observed by Muslims worldwide. This year, the celebrations began on Tuesday, August 25, and continue through Wednesday night, August 26. The occasion is observed as a time to…
Grocery spending in India’s household budgets fell 8% in 2026 from 2025, even as rent costs surged 21%, highlighting how GST 2.0 has brought relief to some everyday expenses while other essential costs continue to rise. The findings from The Great Indian Wallet 4.0 2026 study by Home Credit India show that households are not…
A LinkedIn post about a Mumbai IT professional’s finances has grabbed attention. Sweekrit Srivastava shared this story after a chartered accountant’s breakdown analysis. The 32-year-old professional currently earns ₹2.20 lakh per month. His housing EMI alone consumes ₹1.12 lakh from this income. Living expenses add another ₹50,000 to monthly outgoings. He also pays a separate…
India’s middle-class consumers are showing a more mixed preference between online and offline transactions in 2026, with some everyday payments and purchases moving noticeably back towards physical channels. The findings from The Great Indian Wallet 4.0 2026 study by Home Credit India suggest that digital adoption is not moving in one direction across all categories….
Several employees regularly check their Employees’ Provident Fund (EPF) balance, but the nominee details linked to the account often receive far less attention. It is one of those important financial tasks that is easy to postpone. However, if something unexpected happens, an outdated or incorrect nomination could make it more difficult for family members to…
If you have taken a joint home loan and the co-borrower dies, you may assume that continuing to pay the EMIs will give you full ownership of the house. But that is not necessarily the case. Amitraj Kaushal, Advocate, Supreme Court of India, explained the key conditions every joint home loan borrower should know. Who…
Gen Z’s approaches credit and spending differently from older generations, credit-on-UPI platform Kiwi said in a report this month. It said internal data showed that younger consumers prefer convenience, use credit for larger purchases and opt for longer repayment tenures when financing high-value expenses. “Gen Z is not necessarily using credit more frequently; they are…
Filing ITR-4 in the previous assessment year does not automatically make a taxpayer eligible to use the same form again. Eligibility has to be assessed every year based on the taxpayer’s income, business or profession, and other financial circumstances. Siddharth Maurya, Founder and Managing Director, Vibhavangal Anukulkara, explained the key conditions taxpayers should check before…
“Digital KYC and onboarding will reduce friction for retail NRI investors who earlier shunned India investing due to logistics,” Vikram Shah, CEO and Founder of Vested Finance, said. Shah welcomed SEBI’s move, saying the proposal should open the door for retail investor NRIs, who can invest in lower ticket sizes as small as $5,000. Earlier…
The National Pension System (NPS) has traditionally allowed subscribers to invest up to 75% of their contributions in equities under the Active Choice option. From 2025, the Multiple Scheme Framework (MSF) changed this by allowing pension fund managers (PFMs) to introduce new schemes with 100% equity exposure. So, what does 100% equity in NPS mean,…