The Issue of Unclaimed Assets in Indian Markets The Securities and Exchange Board of India (SEBI) has identified a significant concern in the financial markets—unclaimed investor funds and securities. As of January 31, investors have left approximately ₹323 crore in funds and ₹182 crore in securities unclaimed. To prevent misuse and facilitate timely returns, SEBI …
The Life Insurance Corporation of India (LIC) has introduced its latest offering, the Smart Pension Plan, a comprehensive and flexible pension scheme designed to provide financial security for retirees and their families. This non-linked, non-participating individual/group savings and immediate annuity plan aims to cater to diverse retirement needs, ensuring a steady income stream during the …
Gold has served as a symbol of security and prosperity in Indian households for centuries, far beyond just being an ornament. However, mean and use of gold have transformed over the years for Indians. Investing in gold by Indians is evolving. While overall gold investments are on the rise, the appeal of traditional physical gold, …
Retirement planning is crucial, and investing early can significantly impact the final corpus. A single investment of ₹10 lakh may seem modest, but with the power of compounding and long-term market growth, it can potentially grow into a substantial ₹3 crore corpus. But how does this happen? The key lies in investment returns and time …
Indian Overseas Bank (IOB) has launched Aadhaar OTP-based online account opening, allowing customers to open a savings account with minimal paperwork. Additionally, API banking is introduced for businesses to process transactions smoothly. Simplified Account Opening The bank has rolled out Aadhaar OTP-based account opening and API banking, aimed at enhancing user experience and simplifying banking procedures. …
Angel One Asset Management Company has launched its maiden new fund offer (NFO) with the Angel One Nifty Total Market Index Fund, which is currently open for subscription and will close on February 21, 2025. This open-ended scheme replicates and tracks the Nifty Total Market Index, providing investors an opportunity to participate in India’s growth …
Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in the Lok Sabha on February 13, 2025. This new bill will replace the Income Tax Act of 1961 and is set to come into effect on April 1, 2026. Restructuring of Tax Deductions One of the major changes in the new bill is the …
When your bank offers you a choice between reducing your Equated Monthly Instalment (EMI) or shortening your home loan tenure, it is essential to evaluate both options before making a decision. And, the same can be done using the Home Loan EMI Calculator. Reducing EMI: This decreases your monthly repayment, freeing up cash for other …
The Odisha government has asked all Subhadra Yojana beneficiaries who have not received their payments to complete their Direct Benefit Transfer (DBT) process and eKYC verification. Those who fulfill these requirements will receive their first or second installment by March 8, as per the reports. Over 2.5 Lakh Beneficiaries Yet to Complete Verification According to …
The Unified Pension Scheme (UPS), effective from April 1, 2025, allows central government employees to switch from the NPS for assured pension payouts. It includes increased government contributions and new benefits. Central Govt Employees Can Switch to Unified Pension Scheme The Unified Pension Scheme (UPS) will be available to central government employees who are currently …
