Private banker, ICICI Bank hikes interest rate by 25 basis points on bulk fixed deposits between ₹2 crore to ₹5 crore on a particular tenure of 61 days to 90 days. Also, the bank has revised rates on FDs from ₹5 crore to ₹500 crore and above. The interest rates are the same for both …
Public sector banker, Indian Bank has increased its interest rates on fixed deposits for some tenures with effect from October 4. The FD rates are hiked by 5 basis points to 50 basis points. The bank has a special term deposit plan for 610 days where it offers about 6.25% to senior citizens. The increase …
NEW DELHI: Policyholders may soon get a discount on premium if they purchase electronic insurance policies directly through an electronic platform. E-insurance, or electronic insurance policy, means a digitally signed document evidencing the insurance contract issued to a policyholder by an insurer in an electronic form through a registered insurance repository. An electronic platform means …
I am 27 years old & I already have a health and term life insurance in place. For more comprehensive coverage I would also like to buy a disability rider. Please suggest the benefits & how it works? – Sagar Hi Sagar, it is great that you already have a comprehensive protection net in place. …
Is it good to buy disability rider with term insurance? . indiabusinessport.com Read More »
Diwali bonus: Diwali is not far away, everyone is eagerly waiting for this festival. One of the things that many of us look forward to during the festival season is the bonus . The festival starts sometime before the employees of government organizations and major companies get Diwali bonuse. Some people splurge or spend it …
Diwali bonus 2022: Top investment options you can bet upon . indiabusinessport.com Read More »
Amazon’s partnership with Arevuk Advisory Services Private Ltd. (brand name,Kuvera), a Sebi registered investment adviser, enables Amazon Pay India customers to invest in direct plans of MFs and select fixed deposits offered byKuvera. Likewise, you can buy mutual funds on Google Pay too. Finwizard Technology Private Ltd. (brand name, Fisdom), which is a Sebi registered …
Do you use Amazon Pay? Here’s how to shop for mutual funds . indiabusinessport.com Read More »
Amazon’s partnership with Arevuk Advisory Services Private Ltd. (brand name,Kuvera), a Sebi registered investment adviser, enables Amazon Pay India customers to invest in direct plans of MFs and select fixed deposits offered byKuvera. Likewise, you can buy mutual funds on Google Pay too. Finwizard Technology Private Ltd. (brand name, Fisdom), which is a Sebi registered …
Do you use Amazon Pay? Here’s how to shop for mutual funds . indiabusinessport.com Read More »
₹ 1 trillion and growing. That is the worth of assets under management of the passive debt fund category. And within passives, target maturity funds have turned out to be a large category with assets of ₹65,000 crore, excluding the Bharat Bond ETFs. Now, the MF industry is seeing a new crop of target maturity …
Should you invest in ‘grandfather’ funds? . indiabusinessport.com Read More »
I live in Sydney and want to rent out a flat in Delhi to another NRI for two months. The rent will come to my NRO (non-resident ordinary) account. What will be my tax liability? —Name withheld on request Rental income from the property situated in India is taxable in the hands of the …
How is an NRI taxed on India rent income? . indiabusinessport.com Read More »
For salaried employees, benefits or perquisites received from the employer have always been taxable as salaries, and subjected to tax deduction at source (TDS). Similarly, a benefit or perquisite derived by a business or profession was also taxable. However, till this year’s budget, there was no requirement for the provider to deduct TDS on the …
Tax deduction on perquisites or benefits received . indiabusinessport.com Read More »
