I am Wealthy at 23

PFRDA has allowed trail commission payment through POPs for the NPS accountholders from mint - Money https://ift.tt/sAbOvma https://ift.tt/WHjl1bK

Only those PNB customers had to update their KYC whose accounts have become due for the process as of 31 March 2022 from mint - Money https://ift.tt/F95Eah3 https://ift.tt/WHjl1bK

Prepaying a home loan is the best thing that a borrower can do. Although there are contrasting views on this as well from mint - Money https://ift.tt/f3JpiRS https://ift.tt/WHjl1bK

Here are the credit options available for students as they gear up for their college, start their credit journey from mint - Money https://ift.tt/juh50yd https://ift.tt/WHjl1bK

Do make sure that you accurately disclose your health condition while buying the top-up from mint - Money https://ift.tt/MdHctJR https://ift.tt/WHjl1bK

The disclosures include assets held in a year even when no income was earned on them from mint - Money https://ift.tt/hUI1PBO https://ift.tt/WHjl1bK

Founded in 1921, Tamilnad Mercantile Bank Limited (TMB) is an Indian bank with its headquarters in Thoothukudi, Tamil Nadu. from mint - Money https://ift.tt/RZDQJyW https://ift.tt/WHjl1bK

Keeping in mind the uncertainties and medical inflation, a cover of at least 10-15 lakhs per person is advisable. However, it is best to have the maximum coverage that you can afford. from mint - Money https://ift.tt/sKaIJwn https://ift.tt/WHjl1bK

Private sector lender Karnataka Bank has modified the interest rates on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/aW7iltI https://ift.tt/O7rsBw5

As per an EY report, UHNIs are proactively exploring the family office route to manage their wealth from mint - Money https://ift.tt/YSr1Vkx https://ift.tt/O7rsBw5

The strong rebound in sales is mainly coming from the increase in sales in Mumbai from mint - Money https://ift.tt/LhwvtgR https://ift.tt/O7rsBw5

As per the section 55(2)(a) of the Income tax Act, 1961 (‘the Act’) read with section 49(1) of the Act, cost of acquisition in relation to a capital asset being tenancy right where it is received by under gift or will/ by succession, inheritance it should be cost to previous owner from mint - Money https://ift.tt/R1wx7zU https://ift.tt/O7rsBw5

Once you have exhausted the sum insured under one policy, you may opt to claim the balance amount from the other policy from mint - Money https://ift.tt/h7cmB1Q https://ift.tt/2jelZcI

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/zmjMQ2H https://ift.tt/2jelZcI

Sebi paper on Execution Only Platforms will change how they are structured from mint - Money https://ift.tt/GEM6UJi https://ift.tt/2jelZcI

To reach an investment corpus of ₹2 crore in 12 years, assuming an annual portfolio return of 12%, you would need to save and invest close to ₹63,000 per month during this period from mint - Money https://ift.tt/PDKms19 https://ift.tt/2jelZcI

Personal finance is all about meeting your personal financial goals which can be anything either for retirement or buying a house, or even a car. The financial goals can be both short-term and long-term. from mint - Money https://ift.tt/MCiEy6R https://ift.tt/2jelZcI

Mahindra Finance would leverage an automated decisioning platform StrategyOne – an enterprise business rules engine provided by CRIF – to integrate its customer acquisition channels across multiple retail asset product lines from mint - Money https://ift.tt/j1J8LzY https://ift.tt/2jelZcI

The 400-day Maha Dhanvarsha fixed deposit scheme is a new fixed tenure offering from the public sector lender Bank of Maharashtra. from mint - Money https://ift.tt/0drWCS8 https://ift.tt/2jelZcI

Debt investors are scrambling to find banks giving better interest rates as bank fixed deposit rates are rising, but small savings schemes or post office savings schemes are government-backed investments that are now providing higher returns than bank fixed deposits. from mint - Money https://ift.tt/bSHdBcD https://ift.tt/g37mfv9

Savings accounts are a crucial component of one's personal finances since they not only yield interest on your saving deposits but also provide adequate liquidity for you to access your funds at any time, anywhere, which may be utilised to cover emergencies. from mint - Money https://ift.tt/pUcxQ2N https://ift.tt/g37mfv9

The interest rates on fixed deposits of more than ₹2 crore to ₹5 crore have been revised by private sector lender HDFC Bank. from mint - Money https://ift.tt/ktdxWeU https://ift.tt/g37mfv9

To apply 4% withdrawal rule to meet retirement wishes, one needs to remember 15 x 15 x 15 rule of mutual funds from mint - Money https://ift.tt/uLyBc5p https://ift.tt/g37mfv9

SIP calculator: This mutual fund plan has given an annualised return of 46.78 per cent in last three years from mint - Money https://ift.tt/b5J7rqY https://ift.tt/g37mfv9

The interest you can earn on your bank fixed deposit (FD) depends on multiple factors from mint - Money https://ift.tt/Lmti4j9 https://ift.tt/g37mfv9

The debt strategy of the balanced advantage fund will be totally different from that of the funds that were shut down, Anand Radhakrishnan, MD & CIO, Emerging Markets Equity – India, FT from mint - Money https://ift.tt/1KQ9TOP https://ift.tt/uACHzWQ

Before accepting such incentives, one must check details like vesting conditions, exercise period, restrictions from mint - Money https://ift.tt/mCIS52y https://ift.tt/uACHzWQ

An open-ended dynamic equity fund that invests in large-, mid-, and small-cap stocks is Aditya Birla Sun Life Flexi Cap Fund. from mint - Money https://ift.tt/smz0M8Q https://ift.tt/uACHzWQ

Age is never a barrier when it comes to investing. The earlier you invest the better your opportunities grow and the richer you get. Not just that, you learn the vital meanings of financial independence and disciplined savings. from mint - Money https://ift.tt/WUtN0KB https://ift.tt/uACHzWQ

The partnership would see over 155 branches and 24 satellite centres of Repco Home Finance in Tamil Nadu, Andhra Pradesh, Gujarat, Odisha, West Bengal, Rajasthan, and Puducherry offer customised general insurance products to its customers. from mint - Money https://ift.tt/tNxLjnb https://ift.tt/uACHzWQ

Investors should avoid big changes to asset allocations that differ from long-term risk-based targets. Given the external risks and their potential impact, investing in a staggered manner may help iron out market extremes from mint - Money https://ift.tt/iFXkUVK https://ift.tt/uACHzWQ

For the fiscal year 2022–2023, the second release of the sovereign gold bond (SGB) went on sale on August 22 and will remain active until August 26. from mint - Money https://ift.tt/LPuQzA7 https://ift.tt/t2OGhBo

These funds are considered to be better placed to manage volatility in the bond market through a buy-and-hold strategy from mint - Money https://ift.tt/EDeikAY https://ift.tt/t2OGhBo

ICICI Bank, a private sector lender, has increased its interest rates on fixed deposits of more than ₹2 Cr to ₹5 Cr. from mint - Money https://ift.tt/SvZjMHp https://ift.tt/t2OGhBo

Max Life Pension Fund will manage pension assets for private and government sector subscribers excluding the “default scheme”, with an aim to scale up assets under management (AUM) to an estimated ₹1 trillion over the next 10 years from mint - Money https://ift.tt/Cn8hYO9 https://ift.tt/t2OGhBo

Here’s the list of INR to USD forex rates offered by some of the major banks and travel aggregatprs. from mint - Money https://ift.tt/DElo7FS https://ift.tt/t2OGhBo

The major impediment for institutions to currently trade gold is the fact that it’s capital heavy, says David Tait, Global CEO, WGC from mint - Money https://ift.tt/W24YghI https://ift.tt/t2OGhBo

There are three types of residential status in India: Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR) and Non Resident (NR) from mint - Money https://ift.tt/rDFWeV4 https://ift.tt/t2OGhBo

The IT law provides a window under section 119(2)(b) to claim a TDS refund from mint - Money https://ift.tt/596KiC8 https://ift.tt/t2OGhBo

This integration will enable corporates to open salary accounts for their employees with Jupiter in under 5 minutes, using a link unique to the organization. The relevant employee details are then automatically synced with RazorpayX Payroll from mint - Money https://ift.tt/kVFQhAY https://ift.tt/NIn5Qsr

UPI Autopay: Customers can now enable recurring e-mandate using any UPI application for recurring payments from mint - Money https://ift.tt/ZJFGHOC https://ift.tt/NIn5Qsr

As per Income Tax (IT) laws, turnover for options trading is calculated by adding profit, loss and sale amount (premium received on sales) of all the trades done in a year from mint - Money https://ift.tt/789iGHA https://ift.tt/NIn5Qsr

Consider taxation and compliance cost to pick suitable method of angel investing from mint - Money https://ift.tt/DJr5k84 https://ift.tt/NIn5Qsr

For the home purchase after five years, you may want to use a combination of debt funds and hybrid funds for this purpose from mint - Money https://ift.tt/mlbOkZ4 https://ift.tt/NIn5Qsr

Rates offered by banks on fixed deposits are inching up but high inflation is a dampener from mint - Money https://ift.tt/GlNtpZ7 https://ift.tt/HSWJafQ

Many major banks and housing finance companies provide housing loans to self-employed and salaried customers whose income is below the taxable limit and mostly cash. from mint - Money https://ift.tt/lVPCJu7 https://ift.tt/HSWJafQ

These funds are considered to be better placed to manage volatility in the bond market through a buy-and-hold strategy from mint - Money https://ift.tt/mfIKlvP https://ift.tt/HSWJafQ

Since its launch in 2016, the UPI-based payment system has become one of the most popular modes of payments due to its ease of use, reliability and security. So much so that three in every four digital financial transactions in the country are now UPI-based from mint - Money https://ift.tt/wHMvfeW https://ift.tt/HSWJafQ

Originally, prior to Hindu Succession Act, 1956, coming into force, the law on succession was governed by the customary laws applicable to Hindus, particularly the Mitakshara School of law from mint - Money https://ift.tt/l942pHZ https://ift.tt/HSWJafQ

The debt strategy of the balanced advantage fund will be totally different from that of the funds that were shut down, Anand Radhakrishnan, MD & CIO, Emerging Markets Equity – India, FT from mint - Money https://ift.tt/uLtBNXe https://ift.tt/HSWJafQ

Before accepting such incentives, one must check details like vesting conditions, exercise period, restrictions from mint - Money https://ift.tt/bhDHXzn https://ift.tt/HSWJafQ

How to become a millionaire? For many adults in their 20s, retiring early in their career is a dream from mint - Money https://ift.tt/zXUshnt https://ift.tt/3Y2NpCb

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/AJm7qTe https://ift.tt/3Y2NpCb

Probably, under 5% of pending appeals have been disposed of over the past eight months from mint - Money https://ift.tt/ZQrvuwH https://ift.tt/3Y2NpCb

An individual qualifying as ROR is also required to report assets held outside India as foreign income in the Indian tax return from mint - Money https://ift.tt/XM9fZlm https://ift.tt/3Y2NpCb

Currently, many banks have hiked their FD rates in line with RBI's repo rate hike. Generally, in a rate hike scenario, bank deposits scheme especially FDs become attractive. This month, many banks have introduced new FD schemes for elderlies. from mint - Money https://ift.tt/7qNFS0y https://ift.tt/3Y2NpCb

On an average, returns from DBFs may not be much higher than a restricted category like short duration funds from mint - Money https://ift.tt/A2sYJ7u https://ift.tt/3Y2NpCb

The will should clearly mention how the assets will be distributed and to whom from mint - Money https://ift.tt/7kIfZal https://ift.tt/4PaEz2R

Please be advised that as per the provisions of the Act, in case of an individual taxpayer, being a senior citizen, income up to ₹3,00,000 is not chargeable to tax from mint - Money https://ift.tt/QHEvU5O https://ift.tt/4PaEz2R

A look at the offerings in what has become a hot sector this summer from mint - Money https://ift.tt/6ZvWQFd https://ift.tt/4PaEz2R

The 21st of August is recognised as World Senior Citizens' Day every year. The day is celebrated for senior citizens to honour their life's journey and well-being from mint - Money https://ift.tt/ITnWtBz https://ift.tt/4PaEz2R

Bank of Maharashtra, a public sector lender, has modified the interest rates on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/360VxM2 https://ift.tt/4PaEz2R

An Indian nationalised bank, Punjab & Sind Bank (PSB), increased interest rates on fixed deposits below ₹2 crore. from mint - Money https://ift.tt/ja0JvYd https://ift.tt/4PaEz2R

Bandhan Bank, a private sector lender, raised interest rates on savings accounts and fixed deposits below ₹2 crore. from mint - Money https://ift.tt/bwFhe2H https://ift.tt/f1tDCEM

A type of mutual fund that primarily invests in more than one asset classes, equity, debt, gold-related instruments (including ETFs), and other asset classes is called a hybrid mutual fund. from mint - Money https://ift.tt/rdDqy1l https://ift.tt/f1tDCEM

Interest rates on fixed deposits below ₹2 Cr have been revised by HDFC Ltd, a well-known housing finance company in India. from mint - Money https://ift.tt/1Z7I0zL https://ift.tt/f1tDCEM

In honour of International Senior Citizens Day to be celebrated tomorrow 21st August, RBL Bank has revealed that it has introduced a Super Senior Citizen Fixed Deposits Product. from mint - Money https://ift.tt/dqQjStO https://ift.tt/f1tDCEM

Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures from mint - Money https://ift.tt/Vrn52Yw https://ift.tt/fyvKi3z

The product construct of term insurance will remain the same, whether you buy it online or through an insurance broker from mint - Money https://ift.tt/Sh47cKs https://ift.tt/fyvKi3z

It is important to distinguish between actual “fraud” and a perception of fraud from mint - Money https://ift.tt/Y70mV1k https://ift.tt/fyvKi3z

Re-materialisation will not go through if the firm doesn’t respond, which happens if it is involuntarily delisted from mint - Money https://ift.tt/RQnUmcW https://ift.tt/fyvKi3z

Delink the account first if it is registered with an MF house, insurance company, or EPFO from mint - Money https://ift.tt/uDljZyQ https://ift.tt/fyvKi3z

One of the key pillars of financial understanding is distinguishing between wants and needs from mint - Money https://ift.tt/pMQwJO3 https://ift.tt/u8qxs2T

Accrual of Survival Benefit feature allows a customer to either accumulate or cash out survival benefits as per their requirements during the tenure of the policy. A customer can opt in and out of this benefit multiple times at any point during the tenure of the policy from mint - Money https://ift.tt/8otY2xX https://ift.tt/u8qxs2T

‘Important announcement regarding KYC, please note!,' Punjab National Bank (PNB) tweeted from mint - Money https://ift.tt/qJmvtxN https://ift.tt/u8qxs2T

In India, 60:40 portfolio is in the negative zone but has fared way better than its global peers from mint - Money https://ift.tt/crwz0fQ https://ift.tt/u8qxs2T

Indexation is not available on bonds, except in the case of Sovereign Gold Bonds from mint - Money https://ift.tt/sM7Bhfn https://ift.tt/u8qxs2T

Ideally, 6 to 8 funds are good enough to build your MF portfolio from mint - Money https://ift.tt/tgAd5sF https://ift.tt/u8qxs2T

The new fund offer for Edelweiss Gold and Silver ETF Fund of Fund (FoF) will close on 7 September from mint - Money https://ift.tt/gRUcaw9 https://ift.tt/u8qxs2T

The public sector lender Central Bank of India has hiked interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/5d60e8u https://ift.tt/u8qxs2T

This Bajaj Group-backed financial services provider offers FD rates as high as 7.75%, which is inflation-beating. Alongside, the company also offers a systematic deposit plan starting at ₹5,000 with the highest rate being 7.65%. from mint - Money https://ift.tt/a6ifsrc https://ift.tt/hFRZUAM

ManipalCigna Sahi Cover, Discover, is an industry-first tailored calculator that can be accessed 24x7 from anywhere and will assist customers in determining the appropriate level of health coverage. One can also have their current health insurance coverage evaluated to see if it meets their healthcare financing needs or if they require additional coverage from mint - Money https://ift.tt/IyVZGRq https://ift.tt/hFRZUAM

Three generations of the Sinha family relate how their financial advisors have helped set and realize their goals from mint - Money https://ift.tt/3YSc4wr https://ift.tt/hFRZUAM

Both the plans have common portfolios managed by the same fund manager. The only difference is that these schemes have a different expense ratio, a fee that is collected from investors for managing their funds from mint - Money https://ift.tt/WdJmES5 https://ift.tt/hFRZUAM

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/bBmFjpH https://ift.tt/Y7p9t0M

This complete ban on the process deprives genuine claimants from mint - Money https://ift.tt/N9Woc8Y https://ift.tt/Y7p9t0M

Whether or not your income will be taxable in India, will depend upon your residential status in India, the source of such income and also its place of receipt from mint - Money https://ift.tt/4xyXSc3 https://ift.tt/Y7p9t0M

The Income Tax Department has been guiding taxpayers to always verify their ITRs once filed, which is the final process for the completion of the filing of the returns. from mint - Money https://ift.tt/K0scuS2 https://ift.tt/Y7p9t0M

The Income Tax Law provides an opportunity to any taxpayer under section 119(2)(b) to claim the refund of TDS, exemption, deduction or any other tax relief under the Income Tax Act. This could come in handy for defence personnel who receive a disability pension from mint - Money https://ift.tt/GxoWs6k https://ift.tt/ZliRcny

On the occasion of the nation's 75th year of Independence, celebrated as Azadi Ka Amrit Mahotsav, the largest lender in the nation, State Bank of India (SBI), introduced a unique term deposit programme called Utsav Deposit. from mint - Money https://ift.tt/4lB8N1p https://ift.tt/ZliRcny

PNB Housing Finance Ltd one of the top housing finance companies in India has revised interest rates on fixed deposits of less than ₹5 Cr. from mint - Money https://ift.tt/1MBavDt https://ift.tt/ZliRcny

SBI MCLR rates: This is the second hike by India's largest lender in a month from mint - Money https://ift.tt/nf2mzNF https://ift.tt/ZliRcny

Income tax return: ITR which is not verified is treated as having not been filed from mint - Money https://ift.tt/amoct7M https://ift.tt/ZliRcny

The new scheme will be called KBL Amrit Samriddhi under ACC and Fixed Deposit category. The bank is offering a 6.10% per annum interest rate on the deposit scheme with a tenure of 75 weeks (525 days). from mint - Money https://ift.tt/KnNFGUD https://ift.tt/ZliRcny

Small-cap funds are the only funds where positive inflows have marginally grown, while all other main categories of equity fund inflows have plummeted in July, as per AMFI. from mint - Money https://ift.tt/siNourC https://ift.tt/ZliRcny

To combat soaring inflation, the Reserve Bank of India's monetary policy committee increased the benchmark repo rate by 50 basis points to 5.4% in August. from mint - Money https://ift.tt/ylxUVrS https://ift.tt/jF9Hm02

Indian Overseas Bank (IOB), a public sector lender, has modified the interest rates on savings bank accounts. from mint - Money https://ift.tt/SNmRBjL https://ift.tt/jF9Hm02

The private sector lender Axis Bank has hiked interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/goA2YP8 https://ift.tt/jF9Hm02

The public sector lender Central Bank of India has hiked interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/YvTEUao https://ift.tt/jF9Hm02

The country's largest lender, State Bank of India (SBI) has hiked interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/ESo5nA1 https://ift.tt/AVqW8mk

Income tax rule: For shares inherited or received as gift, the cost is also to be taken the price at which the asset was acquired by the previous owner who had actually paid for it. from mint - Money https://ift.tt/1TNf5ly https://ift.tt/AVqW8mk

APY scheme is basically meant for an unorganised employee who belongs to a low income group from mint - Money https://ift.tt/WNTX82x https://ift.tt/AVqW8mk

The Pension Fund Regulatory and Development Authority (PFRDA) has launched a UPI handle for depositing contributions through D-Remit for the benefit of subscribers. Currently, the contributions were carried out using other internet banking mediums such as IMPS, NEFT, and RTGS. from mint - Money https://ift.tt/Fj79U1m https://ift.tt/AVqW8mk

The campaign is introduced to help those policyholders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed. from mint - Money https://ift.tt/UfNyoLg https://ift.tt/AVqW8mk

New GST rule: The government said renting of residential unit taxable only when it is rented to business entity️ from mint - Money https://ift.tt/mgxVHwu https://ift.tt/AVqW8mk

‘I started diversifying in 2012 with more knowledge and confidence and it worked really well’ from mint - Money https://ift.tt/WIxKEko https://ift.tt/q5ILTC7

‘Only 23% in India were saving or planning to save for retirement’ from mint - Money https://ift.tt/KLkF6Ic https://ift.tt/q5ILTC7

Venkataramagupta is a global business leader with 25 years of professional experience.She is also serving as an independent director on the board of Schaeffler India Ltd. and Navi General Insurance Ltd. from mint - Money https://ift.tt/SriDuCT https://ift.tt/q5ILTC7

Income tax return: Last date for filing a revised ITR for AY 2022-23 is 31st December 2022 from mint - Money https://ift.tt/dJS9Dv1 https://ift.tt/q5ILTC7

Atal Pension Yojana aims to provide financial support after retirement to the people working in unorganised sector from mint - Money https://ift.tt/VM1A2xP https://ift.tt/q5ILTC7

NRIs can buy or own immovable property in India in compliance with the FEMA (Foreign Exchange Management Act) regulations from mint - Money https://ift.tt/gBvS4x1 https://ift.tt/q5ILTC7

The Central government has brought an important change related to income taxpayers for this govt pension scheme from mint - Money https://ift.tt/oxCJmLE https://ift.tt/q5ILTC7

Experts say the critical illness policy is beneficial for those with a family medical history from mint - Money https://ift.tt/x8KDoL3 https://ift.tt/RKkNrdw

Kotak Mahindra Bank, a private sector lender, has announced an increase in interest rates for fixed deposits below ₹2 crore. from mint - Money https://ift.tt/EpOscIg https://ift.tt/RKkNrdw

An annual additional interest of 0.25% will be paid on all renewals, where the deposit has matured from mint - Money https://ift.tt/CwGt7MQ https://ift.tt/RKkNrdw

The private sector lender IndusInd Bank has altered its savings account interest rates. from mint - Money https://ift.tt/9koEpz7 https://ift.tt/RKkNrdw

Even if customers drive beyond a certain limit, they will not be penalized for it and they will stay covered under their private car insurance policy from mint - Money https://ift.tt/DdwGY98 https://ift.tt/RKkNrdw

E-verification of an ITR completes the return filing process from mint - Money https://ift.tt/bYildWL https://ift.tt/RKkNrdw