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nps: 10 Reasons why you should choose NPS for your retirement planning

nps: 10 Reasons why you should choose NPS for your retirement planning [ad_1] If social media scrolling has become your daily staple of consuming content, it’s likely that you may have come across a new breed of digital creators who are giving advice on financial matters. With millennials spending most of their time online, first-time investors especially from smaller towns ...

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7th pay commission: 7th Pay Commission: Minimum qualifying service required for promotion of central govt employees revised

7th pay commission: 7th Pay Commission: Minimum qualifying service required for promotion of central govt employees revised [ad_1] The Union government has revised the norms of minimum qualifying service required for promotion of central government employees as per the 7th CPC Pay Matrix and Pay Levels. In an Office Memorandum dated September 20, 2022, the Department of Personnel & Training ...

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RBI cancels Laxmi Co-operative Bank’s licence: Will depositors get their full money back?

RBI cancels Laxmi Co-operative Bank’s licence: Will depositors get their full money back? [ad_1] The Reserve Bank of India (RBI) announced that it has withdrawn the Solapur-based Laxmi Co-operative Bank’s banking licence. The bank will cease to carry on banking business, with effect from September 22, 2022. According to RBI’s notification issued on September 22, 2022, Laxmi Co-operative’s licence was ...

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LIC Housing Finance revises home loan interest rates

LIC Housing Finance revises home loan interest rates [ad_1] LIC Housing Finance (LIC HFL) has revised the benchmark prime lending rate (LHPLR). The benchmark prime lending rate is used in the pricing of home loans. The revised interest rates on house loans are effective from September 20, 2022. LIC Housing’s revised prime lending rate (LHPLR) as per its website is ...

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October 2022 Long Weekend Holidays: When is the next long bank holiday weekend in October 2022?

October 2022 Long Weekend Holidays: When is the next long bank holiday weekend in October 2022? [ad_1] In October 2022, banks will be closed for 21 days, including the second and fourth Saturdays and Sundays. According to Reserve Bank of India (RBI) regulations, banks will be closed on all national holidays, with some state-specific regional holidays. India, the nation of ...

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RBI Liberalised Remittance Scheme: How Indians can use LRS to invest, remit money abroad

RBI Liberalised Remittance Scheme: How Indians can use LRS to invest, remit money abroad [ad_1] India has come a long way in liberalising foreign exchange transactions for its residents. Before 2004, transferring money overseas was a cumbersome procedure involving numerous approvals from the Reserve Bank of India (‘RBI’). The rationale behind these strict regulations was multifold. First, India closely watched ...

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Will you pay tax if child earns an income

Will you pay tax if child earns an income [ad_1] PAN card Yes, a minor can have a PAN card and his parents or guardian can apply for the same. In fact, if the minor’s tax returns are being filed independently, he will need to have other information like bank account details, income details, mobile phone number and e-mail account, ...

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