Thinking of prepaying your home loan? Things you should keep in mind Buying a house constitutes a big financial decision. One way home-owners can save money is to prepay their home loans early. Home-owners can prepay the entire amount or a portion of it. Prepaying home loans can save home-owners money on interest payments. However, there are contrasting views on ...

What is C-KYC? All you need to know about the centralised database The Central-Know Your Customer is aimed at improving efficiency, enhancing customer convenience, and strengthening the due diligence process in the financial sector. It facilitates faster and smoother transactions while ensuring compliance with regulatory requirements related to customer identification and verification.  What exactly is C-KYC?   C-KYC or Central-Know ...

What does it mean for you? The tax exemption limit for leave encashment upon retirement for non-government salaried employees has been hiked to Rs 25 lakh, the Central Board of Direct Taxes (CBDT) informed on Thursday. Previously, the limit was Rs 3 lakh.  The relief was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2023 and the ...

Aditya BSL Dynamic Bond Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: Axis Long Term Equity Fund Pan-Aadhar link to bank locker agreement: 6 deadlines to remember in June Invest severance package in debt funds, ...

6 deadlines to remember in June From the last date to link Pan and Aadhaar cards to signing the bank locker agreement under new rules, there are a few financial tasks Indians must keep in mind in June. Flouting these deadlines may attract fines. Taxpayers as well as bank account holders must check the list to avoid the penalties. ...

Axis Bank launches Sarathi platform for easy PoS onboarding of merchants Axis Bank on Thursday launched ‘Sarathi,’ a first-of-its-kind digital onboarding journey for merchants to adopt Electronic Data Capture (EDC) or Point of Sale (PoS). Unlike the time-consuming traditional onboarding process, which can take several days, Sarathi offers merchants a streamlined and hassle-free experience, the company said in a ...

Now, I-T relief for leave encashment on retirement at 2.5 million Leave encashment limit for non-govt employees hiked to Rs 25 lakh: CBDT I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity Air India makes another voluntary retirement offer for non-flying staff Income tax exemption might be extended to Rs 5 lakh in budget, say sources Give ...

SBI penalised for sending bills to man despite credit card’s expiry A Delhi consumer forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him bill even after his card’s expiry and blacklisting him for non-payment of the charges. The New Delhi District Consumer Disputes Redressal ...

Irdai to create state insurance plan mirroring SLBCs: Debasish Panda The Insurance Regulatory and Development Authority of India (Irdai) is trying to create a state insurance plan in which district potential targets will be aggregated to create plans similar to the State Level Bankers’ Committee (SLBC), Irdai Chairman Debasish Panda said on Thursday. “Depending upon the potential and the ...

CBIC extends April GST return filing deadline for Manipur biz till May 31 The CBIC has extended the deadline till May 31 for Manipur-based businesses to file monthly GST returns, as the north eastern state continues to witness violence due to ethnic clashes. The Central Board of Indirect Taxes and Customs (CBIC) has issued three Central Tax notifications ...