I am Wealthy at 23

Axis Bank, a private sector lender, has modified the interest rates on domestic term deposits under ₹2 crore from mint - Money https://ift.tt/yl7Ifqo https://ift.tt/MmgW7BD

Mutual fund investors looking for short term investment are advised to look at liquid and bond funds as they may yield up to 1% higher than its current annual return, say experts from mint - Money https://ift.tt/9iCrHEl https://ift.tt/MmgW7BD

RBL Bank, a lender in the private sector, has changed the interest rates on fixed deposits under ₹2 crore from mint - Money https://ift.tt/Fyx5zOP https://ift.tt/MmgW7BD

The aim of the program is to transform 105 schools and its co-located anganwadis/preschools as model schools in four Karnataka districts by 2025 from mint - Money https://ift.tt/tXW8NQs https://ift.tt/MmgW7BD

The public sector lender Bank of India (BOI) hiked interest rates on fixed deposits of less than ₹2 Cr from mint - Money https://ift.tt/xRYBO1i https://ift.tt/MmgW7BD

The Government of India's Atal Pension Yojana (APY), a pension programme, is targeted at employees in the unorganized sector. from mint - Money https://ift.tt/5qetuHm https://ift.tt/MmgW7BD

On September 30, the Monetary Policy Committee (MPC) increased interest rates by 50 basis points, as anticipated, to 5.90% while maintaining its FY23 inflation prediction of 6.7 percent. from mint - Money https://ift.tt/ipYVxkj https://ift.tt/MmgW7BD

HDFC hikes lending rate by 50 bps from mint - Money https://ift.tt/POwTujh https://ift.tt/MmgW7BD

RBI's repo rate hike decision is expected to increase bank interest rates on saving schemes and retail loans, say experts from mint - Money https://ift.tt/cXWtHqE https://ift.tt/MmgW7BD

Acuvisor and NSDCI will work towards creating a skill ecosystem that will benefit one lakh youth, across the country. NSDCI will leverage the application to train, certify, and effectively employ India’s youth in tier-II and tier-III cities, as well as rural geographies from mint - Money https://ift.tt/2WdjFyP https://ift.tt/MmgW7BD

In India, demat account services are primarily provided by two depository bodies known as NSDL and CDSL. These services are further facilitated by numerous depository participants such as banks, which act as intermediaries. from mint - Money https://ift.tt/oqFufQc https://ift.tt/MmgW7BD

The department of economic affairs hiked the interest rates on three-year post office term deposit to 5.8% from 5.5% and on two-year term deposits to 5.7% from 5.5%. Interest payouts on SCSS and KVP were hiked by 20 bps and 10 bps, respectively from mint - Money https://ift.tt/Jb1eHDL https://ift.tt/s1TYDRy

Under this digital account, a customer can open a savings account or fixed deposits in 3 easy steps. They also get attractive interest rates on their hard-earned money. from mint - Money https://ift.tt/MCPy2Lq https://ift.tt/s1TYDRy

About 55% of respondents with co-morbidities such as high blood pressure, and largely belonging to the age group of 36 to 45 years, fall in the high-risk category from mint - Money https://ift.tt/XDSGMq0 https://ift.tt/s1TYDRy

The new fund offer for ICICI Prudential Transportation and Logistics Fund will open on 6 October and close on 20 October.The scheme may invest in sectors or stocks that form a part of Nifty Transportation and Logistics Total Return Index from mint - Money https://ift.tt/QzpohUg https://ift.tt/s1TYDRy

Shriram Life has also gone live with this huge enabler in its core systems and point of sale mobile applications. from mint - Money https://ift.tt/M4Wy0T8 https://ift.tt/s1TYDRy

While it is not mandatory to tokenise your credit cards and debit cards currently, it is recommended by experts as it adds an extra layer of security and protects your card information online from mint - Money https://ift.tt/BHylk8C https://ift.tt/s1TYDRy

RBI has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year from mint - Money https://ift.tt/muSBfbJ https://ift.tt/s1TYDRy

Veliyath shares why he is 100% invested in equities and keeps no emergency fund from mint - Money https://ift.tt/tvlWsum https://ift.tt/s1TYDRy

By being equally invested in all the stocks in a portfolio, an equal-weight mechanism ensures the portfolio does not succumb to inefficiencies created during phases of over-optimism or over-pessimism from mint - Money https://ift.tt/3ynfzZa https://ift.tt/IB6E5Qf

A fund of funds invests in units of another mutual fund scheme and a multi-index fund of funds will invest in passively managed instruments such as ETFs and Index Funds of equity and equity-related instruments (domestic index funds & ETFs as well as overseas ETFs ), fixed income securities, gold / silver from mint - Money https://ift.tt/tnXQclH https://ift.tt/IB6E5Qf

With Financial Coaching, Refyne users can get one-on-one access to Sebi-certified advisors and Salary Top Up will act as an additional line of liquidity from mint - Money https://ift.tt/2WILJaj https://ift.tt/IB6E5Qf

Tax loss harvesting: Income taxpayer should avoid timing the stock market after booking loss in a portfolio stock, say experts from mint - Money https://ift.tt/EYb3kRl https://ift.tt/IB6E5Qf

The State Bank of India (SBI) has shared some UPI security tips to make UPI transaction safer and secure from mint - Money https://ift.tt/Nq4Cuip https://ift.tt/IB6E5Qf

A Karta of the joint family property is the manager of the property from mint - Money https://ift.tt/ri14Q5g https://ift.tt/IB6E5Qf

The recent RBI regulations, go far beyond the ODI-FDI structure relaxation from mint - Money https://ift.tt/jP8gOzJ https://ift.tt/IB6E5Qf

The two new target maturity index funds will invest in a mix of Indian government bonds and state development loans from mint - Money https://ift.tt/kgjISEA https://ift.tt/3yBHM06

Probus plans to onboard 10 million insurance policyholders in the next three years, specifically focussing on the new markets. from mint - Money https://ift.tt/PHvZNeq https://ift.tt/3yBHM06

Health insurance policies generally come with a waiting period during which claims for illness/disease will not be paid from mint - Money https://ift.tt/OZmMF0P https://ift.tt/3yBHM06

The average ticket-size of travel loans has reduced from ₹95,000 to ₹75,000 indicating loan applicants‘ planned approach towards their travel expenses. from mint - Money https://ift.tt/ByLOzxQ https://ift.tt/3yBHM06

After 10 years, unclaimed funds are transferred to Depositor Education and Awareness (DEA) Fund managed by the RBI from mint - Money https://ift.tt/Q3JnMcV https://ift.tt/3yBHM06

Federal Bank, a private sector lender, increased interest rates on fixed deposits under ₹2 crore. from mint - Money https://ift.tt/2ljR0LM https://ift.tt/3yBHM06

There are eight pension fund managers to choose from and one of the ways to do that is by tracking returns from mint - Money https://ift.tt/dGxsZJW https://ift.tt/3yBHM06

The British pound crashed to a historical low against the US dollar on Monday. As on 26 September, one Pound sterling (GBP) was valued at ₹87.84 from mint - Money https://ift.tt/IDP6goN https://ift.tt/3yBHM06

With the Samsung Axis Bank Credit Card, consumers will get 10% cashback across all Samsung products and services round the year from mint - Money https://ift.tt/eh8gY2n https://ift.tt/a9UYR0j

In the event of the EPF account holder's demise, e-nomination enables the nominee or dependents (spouse, children, and parents) to withdraw accrued money from EPF, Employees' Pension Scheme (EPS), and Employees' Deposit Linked Insurance Scheme(EDLI). from mint - Money https://ift.tt/QpA0ZhJ https://ift.tt/a9UYR0j

The savings from funds invested in tax-saving FDs will vary depending on the tax bracket from mint - Money https://ift.tt/TdR7AEk https://ift.tt/a9UYR0j

Gold exhibits very low to negative correlation to various asset classes from mint - Money https://ift.tt/WXEnJMb https://ift.tt/a9UYR0j

Any profit or gains arising from the sale of unlisted shares shall be chargeable to tax under the head ‘Capital Gains’ from mint - Money https://ift.tt/hGOatf2 https://ift.tt/a9UYR0j

Industry experts believe that recovery in the non-covid business of pharma companies is a key tailwind for this sector from mint - Money https://ift.tt/VkqcIHf https://ift.tt/a9UYR0j

By offering discounts and freebies, companies seek to reward their shareholders and attract new customers from mint - Money https://ift.tt/TzlLfO5 https://ift.tt/a9UYR0j

Financial experts advise individuals with modest risk appetites to invest in debt products rather than equity from mint - Money https://ift.tt/aSByY6u https://ift.tt/a9UYR0j

A small savings scheme called Kisan Vikas Patra (KVP), which is backed by the government and governed by the Department of Posts under the direction of the Ministry of Communications from mint - Money https://ift.tt/D6jyNGp https://ift.tt/a9UYR0j

Equity mutual funds are favoured by investors that are willing to incur market-based risk in order to produce inflation and benchmark beating returns in the long run from mint - Money https://ift.tt/CS3ex4Y https://ift.tt/a9UYR0j

A fixed deposit (FD) is a type of debt instrument that is offered to individuals by banks and non-banking financial institutions from mint - Money https://ift.tt/fY4CGWo https://ift.tt/LVgXirM

Last Friday alone, selloffs in the market eroded more than ₹4.90 lakh crore of investors' wealth. Hesitancy is witnessed among investors and a bullish stance seems impossible at least in the near term. from mint - Money https://ift.tt/rLuYBJg https://ift.tt/LVgXirM

Bandhan Bank, a private sector lender, revised its interest rates on bulk fixed deposits of Rs. 2 Cr. and above from mint - Money https://ift.tt/T27xnKU https://ift.tt/FYEWTOi

The rise in online transactions has also increased financial scams. Let's figure out what to do to get your money back in case of online fraud. from mint - Money https://ift.tt/ERpJLgi https://ift.tt/FYEWTOi

Mutual funds: ₹1 lakh upfront investment would have turned to ₹1.20 lakh today in this small-cap equity fund from mint - Money https://ift.tt/8wEhOsb https://ift.tt/FYEWTOi

Life insurance rule of thumb: As a matter of standard practice, the sum assured should be at least 12-15 times of one’s annual expenses, say experts from mint - Money https://ift.tt/oNv4jcs https://ift.tt/FYEWTOi

Homeowners wearing the ‘golden handcuffs’ of low mortgage costs are reluctant to sell their homes now that rates are much higher from mint - Money https://ift.tt/7WoSCc3 https://ift.tt/FYEWTOi

NPS rule change: Exit from the pension scheme will now considered as proposal for annuity buy from mint - Money https://ift.tt/z8EKOme https://ift.tt/FYEWTOi

The private sector lender City Union Bank has hiked interest rates on fixed deposits of less than ₹2 Cr. from mint - Money https://ift.tt/agKNmLZ https://ift.tt/OkQ8qMZ

Can my mother save taxes by making investments in another residential house? She already owns one residential flat. from mint - Money https://ift.tt/fmc1bU9 https://ift.tt/OkQ8qMZ

You are not required to file an ITR just because you have a PAN. You have to file your ITR if your income which is taxable in India exceeds the basic exemption limit or you satisfy any of the non-income based criteria which require you to file an ITR even if your income does not the basic exemption from mint - Money https://ift.tt/LGOmg5n https://ift.tt/OkQ8qMZ

You do not have to pay any tax to the bank but the interest income from saving bank account is taxable like any other income. Individual taxpayers are allowed a deduction in respect of interest received on saving bank account from mint - Money https://ift.tt/iFhUzWn https://ift.tt/OkQ8qMZ

Sebi’s support to the Account Aggregator (AA) framework is a validation of its construct from mint - Money https://ift.tt/r25zjIP https://ift.tt/OkQ8qMZ

On its website, LIC Housing's prime lending rate (LHPLR) is at 15.95% with effect from September 20. Last month, the prime lending rate was at 15.80%. from mint - Money https://ift.tt/SIhQN7m https://ift.tt/OkQ8qMZ

Although securities in equity mutual funds are susceptible to market risk but are proven to be the best investment category in the long term as historically equity mutual funds are proven to generate both inflation-beating and alpha returns. from mint - Money https://ift.tt/4CToW0K https://ift.tt/OkQ8qMZ

Conservative depositors can consider investing in fixed deposits, as the schemes are considered one of the safest savings avenues among the other market-linked tax-saving avenues from mint - Money https://ift.tt/8ar2fIJ https://ift.tt/OkQ8qMZ

ABSLI Akshaya Plan enables the policyholder to draw cash bonus from the end of first policy year, providing a regular source of income from mint - Money https://ift.tt/SV3mHAf https://ift.tt/OkQ8qMZ

Most of the main banks introduced Senior Citizens' Term Deposit schemes for senior citizens during the Covid-19 epidemic. from mint - Money https://ift.tt/QS9Hgnd https://ift.tt/OkQ8qMZ

Under the latest revision, the bank is offering between 3.25% to 7.25% interest rates with a premature withdrawal facility, however, the interest rate is higher without a premature withdrawal payment option. from mint - Money https://ift.tt/KTtGz4V https://ift.tt/W3gS86k

Early exit benefit in term plans allows policyholders to withdraw early, pays back premium from mint - Money https://ift.tt/GQZNrm2 https://ift.tt/W3gS86k

The interest rate on fixed deposits below ₹2 Cr has increased at the private sector lender Kotak Mahindra Bank from mint - Money https://ift.tt/3ZIo4tn https://ift.tt/W3gS86k

Yes Bank, a private sector lender, has altered its savings account interest rates. from mint - Money https://ift.tt/yZ24miF https://ift.tt/W3gS86k

As per the Income Tax Act, 1961, the interest earned on fixed deposits is added to the ‘income from other sources’ and is fully taxable. The interest you earn on a fixed deposit is taxable as per your income tax slab from mint - Money https://ift.tt/jEpdWIU https://ift.tt/W3gS86k

The new Activ Health + Multiply Fit Combo will enable ABHICL customers to integrate the benefits of an all-inclusive health insurance cover and fitness, along with wellness solutions in their daily lives from mint - Money https://ift.tt/hqd0BVe https://ift.tt/W3gS86k

Here is the comparison in interest rates of SBI special deposit scheme and Post Office Time Deposit from mint - Money https://ift.tt/WDYCou9 https://ift.tt/YOFNBCc

Estate planning is implemented during the lifetime of the person, with a view to streamline asset holdings and businesses, whereas succession planning is more about who will inherit the assets or businesses from mint - Money https://ift.tt/yOi32Qu https://ift.tt/YOFNBCc

Non-reporting of income from online gaming can invite a penalty of 200% of tax amount from mint - Money https://ift.tt/s4o2KbH https://ift.tt/YOFNBCc

The reduced timelines of final exit from NPS, which would benefit the subscribers associated with the respective CRAs are provided below from mint - Money https://ift.tt/bVsZoyM https://ift.tt/YOFNBCc

Comparing the latest fixed deposit rates in other banks is essential while investing in a new fixed deposit. from mint - Money https://ift.tt/5AI217h https://ift.tt/YOFNBCc

The entire investor onboarding process is now streamlined and digitalized, and digital signature facilities have been included. By enabling fund managers to connect with products more quickly, the Platform will enhance customer relationships. Traditional onboarding had presented a number of challenges that now stand eliminated from mint - Money https://ift.tt/qeEQb3P https://ift.tt/YOFNBCc

If you can wait for three years or longer in that case the investment in Corporate Bond funds will give you better after-tax returns from mint - Money https://ift.tt/U5Wyzp1 https://ift.tt/teKcUj3

Do you own an ICICI credit card and have received such a message? It is meant for cardholders who use their credit cards to pay house rent through platforms like Cred, RedGiraffe, Mygate, Paytm and Magicbricks, among others from mint - Money https://ift.tt/dUGNlxw https://ift.tt/teKcUj3

A depositor can choose FDs at Axis Bank on minimum tenure from 7 days to a maximum of 10 years. The rates are revised also on bulk FDs from ₹2 crore to ₹100 crore and above. from mint - Money https://ift.tt/iOyQzoP https://ift.tt/teKcUj3

Motor insurance is based on a common framework, which is followed by all insurers. Add-ons are a way to make changes to this common legal baseline from mint - Money https://ift.tt/CqZh5Qv https://ift.tt/teKcUj3

FDs are considered among the safest of investment instruments as the rates are not affected by market fluctuations from mint - Money https://ift.tt/EuH5XhR https://ift.tt/teKcUj3

The festive season of Dussehra and Diwali is considered auspicious for making real estate investments from mint - Money https://ift.tt/7CPvbug https://ift.tt/teKcUj3

SBI special FD scheme for senior citizens offers an additional 30 bps interest rate to the senior citizens on their FD for the tenor of 5 years and more from mint - Money https://ift.tt/Ga3KRpt https://ift.tt/teKcUj3

As per the provisions of section 54 of the I-T Act, 1961, deduction is eligible to be claimed in respect of LTCG invested towards purchase of one residential house property in India, within 1 year before or 2 years after the sale of the original house, or towards construction of residential house within 3 years from mint - Money https://ift.tt/6Q7Ua8d https://ift.tt/7wnlOhp

‘We have five existing funds across our PMS and AIF and we are in the process of raising one more PMS fund’ from mint - Money https://ift.tt/zcE2F1g https://ift.tt/7wnlOhp

When it comes to equity mutual funds, investors should think about investing for the long term rather than pursuing merely higher returns owing to the risk involved from mint - Money https://ift.tt/02O5BiZ https://ift.tt/7wnlOhp

Senior citizens can now obtain actual returns from their fixed deposit investments, since beating inflation by generating higher returns on investments is now possible for them. from mint - Money https://ift.tt/kj8mOMu https://ift.tt/7wnlOhp

Savings accounts are interest-bearing investments that offer unfettered access to deposits and withdrawals. from mint - Money https://ift.tt/EqLi7rs https://ift.tt/7wnlOhp

Here is all you need to know about SBI special FD scheme ‘Utsav’ Deposit from mint - Money https://ift.tt/7hgpHSt https://ift.tt/7wnlOhp

Here is all you need to know about the new rules for debit, credit card holders which will come into effect from 1 October from mint - Money https://ift.tt/JVEb6AM https://ift.tt/7wnlOhp

A circular released by the National Stock Exchange (NSE) in June said that customers should enable 2-factor authentication (2FA) using knowledge/ possession factor and biometric authentication. from mint - Money https://ift.tt/NQ0eYTC https://ift.tt/zi0OYTk

The leading international bank, HSBC Bank, has adjusted its interest rates for fixed deposits under ₹2 Cr from mint - Money https://ift.tt/zDlqSAW https://ift.tt/zi0OYTk

Parag Parikh Flexi Cap Fund has added NDMC in its portfolio in August 2022 from mint - Money https://ift.tt/V9zU8wN https://ift.tt/zi0OYTk

There are advantages and disadvantages to both commercial and residential real estate investments. Most people do not understand these differences and end up focussing more on one type of realty investment. Let’s find out which one is better for rental income. from mint - Money https://ift.tt/16E7m4j https://ift.tt/zi0OYTk

Mutual fund calculator: If an investor had invested ₹1 lakh upfront and ₹10,000 monthly SIP three years ago, its absolute money had grown to ₹11.27 lakh today from mint - Money https://ift.tt/MAvjBJm https://ift.tt/zi0OYTk

We are deeply saddened and disturbed by the Hazaribagh incident. A human tragedy has occurred, Mahindra Group MD and CEO Anish Shah said from mint - Money https://ift.tt/aLGJcsE https://ift.tt/zi0OYTk

This year, a strong uptick has been witnessed in home buyers' confidence, especially first-time buyers. This festive season has emerged as a good opportunity for investment in houses. from mint - Money https://ift.tt/itp0SaQ https://ift.tt/zi0OYTk

North East Small Finance Bank (SFB) has announced interest rate revisions on fixed deposits, recurring deposits, and savings bank accounts amid the upward trend in interest rates. from mint - Money https://ift.tt/8qA5IMn https://ift.tt/7Atg5Vs

Bandhan Bank, a private lender, has modified its interest rates on savings bank accounts. from mint - Money https://ift.tt/xXEoCaI https://ift.tt/7Atg5Vs

Union Bank of India, a public sector lender, has modified the interest rates on fixed deposits below ₹2 crore from mint - Money https://ift.tt/iZKGsjl https://ift.tt/7Atg5Vs

To outperform benchmark, a fund manager is required to deviate from benchmark portfolio from mint - Money https://ift.tt/vPYVCn9 https://ift.tt/7Atg5Vs

Large cap funds ensure that your portfolio isn’t volatile due to market vagaries from mint - Money https://ift.tt/IZzoLiJ https://ift.tt/7Atg5Vs

At present, NPS retirees have to submit an exit form to PFRDA and a proposal form to insurers at the time of superannuation from mint - Money https://ift.tt/MgSo06p https://ift.tt/McVHZmj

This can help you meet your urgent cash requirements at a cheaper rate, without hurting your long-term goals from mint - Money https://ift.tt/D3C51FY https://ift.tt/McVHZmj

The pandemic has brought to light several gaps for the industry to address from mint - Money https://ift.tt/S06kLDO https://ift.tt/McVHZmj

In investing, they say it is more important to give time to your investment instead of timing it from mint - Money https://ift.tt/fjFtldR https://ift.tt/McVHZmj

Bank of Baroda has raised the rate of interest on deposits below ₹2 crore by up to 0.20 per cent w.e.f 13 September from mint - Money https://ift.tt/L4v3twl https://ift.tt/McVHZmj

About 63% respondents in the study were found to have a score between 300 and 747, and the number hasn’t changed since FY21. from mint - Money https://ift.tt/Eeyk1pR https://ift.tt/McVHZmj

Currently, there are no rules to regulate convenience fee in India, with such charges left to the discretion of digital service providers from mint - Money https://ift.tt/4pqdyLm https://ift.tt/1DvMzVK

Rates across three tenors of 13 months, 24 months and 36 months have been kept at 7.5%, 7.75%and 8%, respectively, despite a hike in key rates by the central bank over the past few months from mint - Money https://ift.tt/PdYim1w https://ift.tt/1DvMzVK

Such covers are good for people with multiple vehicles or those using public transport from mint - Money https://ift.tt/Pun2TEo https://ift.tt/1DvMzVK

Most business cycle funds are of too recent vintage to have a meaningful track record from mint - Money https://ift.tt/hVQTJa0 https://ift.tt/1DvMzVK

The IRDAI said that to facilitate ease of living for all senior citizens receiving annuity payments, the current framework of Aadhar-based authentication for life verification certification, such as Jeevan Praman, a Govt. of India initiative on biometric enabled digital service for pensioners, to be adopted from mint - Money https://ift.tt/adJGb8U https://ift.tt/1DvMzVK

When the status displays ‘processed with refund due’, it means that the tax return has been processed and the tax refund will likely be issued to you in 20-45 days after the ITR processing date. If the status shows ‘refund rejected’, it could mean that your tax liability has been re-calculated from mint - Money https://ift.tt/voUILVF https://ift.tt/1DvMzVK

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

When many creators were being paid to promote digital gold, I made a video on why digital gold is not the best gold investment, says Mandeep, Co-founder, LLA from mint - Money https://ift.tt/OFCWLh6 https://ift.tt/3udARUN

Click2Protect Super is a non-linked, non-participating, individual, pure risk premium/ savings life insurance plan that provides you with multiple flexibilities such as changing life cover, extending the policy term, getting coverage for accidental death and terminal illness, among others. from mint - Money https://ift.tt/8y0EYDx https://ift.tt/3udARUN

As of August 2022, the market size for securities issued by the Indian government was over $1 trillion, placing the country between corresponding markets in Canada and Spain. In the emerging markets local currency space, India is only second to China’s treasury market from mint - Money https://ift.tt/CYrAw18 https://ift.tt/3udARUN

Recurring deposits (RDs), which give a fixed rate of return and also let investors make deposits on a monthly basis similar to mutual fund SIPs from mint - Money https://ift.tt/GvaS8Ng https://ift.tt/3udARUN

Grip provides non-market linked alternative investment options, including asset-backed leasing, inventory financing, pre-leased commercial properties, startup equity, and subscription-based financing to retail investors. from mint - Money https://ift.tt/rLBSEKi https://ift.tt/uBL91rA