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PPF for children: Can both parents contribute to the account and claim tax deductions?
PPF is a long-term savings scheme with tax benefits. Parents can open a PPF account for minors, but total contributions by both parents cannot exceed 1.5 lakh annually. Details here.
I asked ChatGPT if a 1 lakh salary can buy a 1 crore home. The AI verdict was a reality check
With a monthly take-home of 1 lakh and taking expenses and investments into account, buying a 1 crore flat may be financially imprudent. Here's what ChatGPT advised me to do instead.
Planning your child's future? These 4 government-backed investment options can help you start early
Parents can secure their child's financial future through various government-backed investment schemes. Options include the National Savings Certificate, Sukanya Samriddhi Yojana, Public Provident Fund, and NPS Vatsalya.
Global diversification: These mutual funds have the highest exposure to international stocks
What if you could indirectly invest in global giants like Nvidia, Apple, and TSMC through the same SIP route you use for equity mutual funds? Let's find out the top 5 domestic equity funds in India that invest a significant portion of their portfolio in foreign stocks.
Banks in India will close for several days in June due to holidays. Customers should check the RBI's holiday calendar for branch closures. Full list of holidays here.
EPF members benefit from government-backed returns and tax-free interest. EPFO invests their contributions in various assets, including 85% in debt and 15% in equities.
Mahindra Manulife Mutual Fund announces launch of its SIF platform MPOWER
Mahindra Manulife Mutual Fund introduces MPOWER SIF, a new investment product. This fund aims to provide investors with unique strategies beyond traditional mutual funds. It will utilize derivatives and other tools for varied risk-return outcomes. The fund house plans to offer diverse strategies across equity, hybrid, and fixed income categories.
Watch: How a govt employee in Delhi saves 65,000 from a 90,000 salary every month
A 28-year-old government employee from Delhi has gone viral after revealing that she spends only around 25,000 a month despite earning 90,000 in hand. From rent and groceries to fuel and shopping, her budget breakdown has sparked conversations online.
11 equity mutual funds offer over 10% in May. Have you invested in any for your portfolio?
Around 11 equity mutual funds delivered over 10% returns in May, led by international and technology-focused funds such as Mirae Asset AI ETF FoF, Nippon India Taiwan Equity Fund and Edelweiss US Tech Fund.
Nearing retirement and invested mostly in FDs? Expert shares diversification roadmap
As retirement nears, investors question diversifying beyond fixed deposits into equities. Experts advise it's never too late to adjust strategies, emphasizing diversification balances capital preservation with inflation-beating growth potential. An ideal asset allocation depends on individual goals and risk tolerance.
Inflation competes with compounding, affecting future purchasing power. A 50 lakh investment could grow to 4.82 crore in 20 years but would only have the purchasing power of 1.50 crore today with 6% inflation.
Hidden home loan charges can quietly increase borrowing costs. Processing fees, stamp duty and insurance add to EMIs and affect long-term affordability, making expert financial advice essential before taking a fresh home loan.
Could you be sitting on forgotten money? Here's how to check using the new govt portal
The Finance Ministry launched an online platform for tracking unclaimed financial assets, enhancing public awareness and access to information.
Smallcap valuations turn favourable as correction creates fresh opportunities: Bajaj Finserv AMC
Smallcap stocks present a favorable entry point following a market correction, driven by improving fundamentals, healthier balance sheets, and corrected valuations. A disciplined approach focusing on strong businesses with long-term potential is advised, as smallcaps have historically outperformed during recovery phases.
On 30 May, gold prices in India remained stable, with 24-karat gold priced at 156,810 per 10 grams. Silver prices also showed limited movement, with 999 Fine silver at 267,790 per kg.
Why AA matters more than stock selection for multi-generational wealth
Stock selection combines art and science, requiring in-depth study of macro and microeconomic factors. For multi-generational wealth, a diversified multi-asset portfolio is essential to manage risk and reduce volatility.
A new '3490 Calorie' system may influence salary hikes for central government employees by linking pay revisions to the cost of essential food items.
How can you dispute errors in your credit report? Check out these 5 steps now
Credit report errors can damage your credit score and loan approvals. Follow these five simple steps to dispute inaccuracies, protect your credit profile and improve your financial credibility.
EPFO 3.0 to make PF transfers instantbut these 6 mistakes can still derail the process
Small mistakes can delay PF transfers, including incorrect details, multiple UANs, and employer errors. EPFO processing delays also contribute.
Buying gold? Heres why checking the HUID code is crucial even in hallmarked jewellery
Gold jewellery buyers should check the hallmark and HUID code for authenticity and purity. Here's the step-by-step process on how do it and the compensation that can you receive if your jewellery item fails to pass the purity test.
ITR-2 vs ITR-1 vs ITR-4: Which income tax return form should you file this year?
The Income Tax Department has launched online filing and Excel utilities for ITR-1, ITR-2, and ITR-4 for AY 2026-27. Taxpayers can file returns for FY 2025-26 starting from May 15, with deadlines varying by form type.
Bank holiday today, May 30: Are SBI, HDFC Bank, and other banks closed on Saturday?
All banks in India are open on May 30, 2026, as it is the fifth Saturday. Banks follow the RBI's holiday schedule, closed on the second and fourth Saturdays and Sundays. Online banking remains available on holidays, allowing customers to conduct various transactions without interruption.
Bond tokenisation explained: How it works and what are the benefits and risks
SEBI plans to pilot corporate bond tokenization to deepen India's debt markets. This move aims to enhance settlement speed and transparency, making corporate bonds more accessible to retail investors. Here are the benefits and risks associated with it.
The PM Surya Ghar: Muft Bijli Yojana, initiated in February 2024, supports rooftop solar setups for households. The scheme offers up to 300 units of free electricity per month. Details here.
8th Pay Commission key updates: Nationwide consultations in full swing 10 FAQs answered
Check out the latest updates on the 8th Pay Commission as of 29 May 2026, including an extension of the memorandum submission deadline and the announcement of a Kolkata visit.
Form 26AS replaced with Form 168: What changes for taxpayers under the new Income Tax Act, 2025?
Form 26AS, used for taxes verification, will be replaced by the new Form 168 under the Income Tax Act, 2025. This auto-generated statement will provide comprehensive tax-related information starting from the 2026-27 tax year. Details here.
Retirement goals: Can 1 crore in FDs and debt funds beat inflation and give you a steady income?
Retirement planning needs more than FDs and debt mutual funds. Smart SIP investing in equity mutual funds can help build a 1 crore retirement corpus while beating inflation.
A 30-year-old earning 1 lakh monthly saves 40,000 but seeks guidance on investment allocation. ChatGPT advises a balanced approach, suggesting increased equity exposure while maintaining emergency funds and conservative options like mutual funds and recurring deposits for long-term growth.
I asked ChatGPT, how can I prevent my electricity bill from shooting up in Delhi's blistering heat
As Delhi swelters with day-time temperatures reaching 43 degrees Celsius and prolonged heat wave conditions, I ask ChatGPT to devise a strategy that prevents my electricity bill from shooting up this summer.
Filing ITR this year? Here are 5 important changes in the income tax forms for FY 2025-26
The income tax filing season has begun, allowing online submissions for ITR-1, ITR-2, and ITR-4. Taxpayers are advised to wait until mid-June for Form 16. Here are the changes in the income tax forms.
5 smart credit card hacks to save money and maintain a healthy credit score
Smart credit card usage can boost savings and protect your finances. Timely payments, low credit utilisation and reward point tracking help avoid debt and improve your credit score.
NFO Update: Groww Mutual Fund launches Groww Nifty Smallcap 250 Momentum Quality 100 ETF
Groww Mutual Fund has launched the Groww Nifty Smallcap 250 Momentum Quality 100 ETF, offering passive exposure to small-cap companies selected on momentum and quality factors. The ETF aims to provide diversified participation in Indias small-cap segment through a rules-based investment strategy focused on stronger price trends and relatively sound fundamentals.
Struggling to manage your money in college? Use our simple 24-hour rule and 'needs vs. wants' framework to stop impulse spending and save for your future.
Unlock smarter investing with the Price-to-Earnings (P/E) Ratio as a key stock valuation metric that compares price and earnings to guide valuation and long-term wealth decisions. This metric, along with a host of other factors, can help aspiring investors make sensible investment decisions.
I asked ChatGPT: EV vs petrol - which really saves you more money? The answer isnt what you expect
Given the current fuel situation, if you drive a car, youve probably thought at least once, An EV would have saved me a lot of money and protected me from rising fuel prices. But is that really true?
Can your health claim be rejected? IRDAIs 5year moratorium rule explained
Five-year health insurance moratorium reduces wrongful claim rejections for genuine non-disclosures while preserving fraud checks, so policyholders must stay transparent and maintain continuous cover for protection.
Bandhan Small Cap Fund topped the list with 251 stocks in March 2026, followed by Nippon India Small Cap Fund and HDFC Large and Mid Cap Fund, highlighting strong portfolio diversification trends.
Financial success often manifests through small habits like managing emergencies calmly, avoiding high-interest debt, investing consistently, and not focusing on appearances. If you recognize these signs, you may be more financially secure than you realize.
NFO Alert: Kotak Mutual Fund launches Kotak Nifty Alpha Low-Volatility 30 Index Fund
Kotak Mutual Fund has launched the Kotak Nifty Alpha Low-Volatility 30 Index Fund, an open-ended scheme tracking the Nifty Alpha Low-Volatility 30 Index. The fund, open for subscription until June 12, aims to provide investors with exposure to equities through a structured, factor-based approach combining Alpha and Low-Volatility characteristics for long-term capital growth.
Equity mutual funds saw strong performance in May, with returns reaching up to 17%. International funds led the gains, driven by markets like the US, Korea, and Taiwan. While global diversification is beneficial, experts advise caution due to high valuations. Investors should consider a systematic investment plan for global exposure, focusing on long-term data for market assessment.
Gold prices on MCX eased on 29 May as investors booked profits amid uncertainty surrounding the US-Iran ceasefire extension. MCX gold June futures fell 0.18% to 1,57,410 per 10 grams, while silver July futures slipped 0.45%.
The Income Tax Department has launched online filing for ITR-1, ITR-2, and ITR-4 for AY 2026-27. Taxpayers must note changes, including a new rent field and the ability to report income from two properties, simplifying the filing process for many individuals.
Jio BlackRocks Rishi Kohli says earnings recovery delayed by West Asia conflict
Jio Blackrock's Rishi Kohli says the earnings upcycle has been pushed back by one to two quarters, while arguing that combining stock, sector and factor strategies can improve portfolio resilience.
8th Pay Commission: Not just DA or fitment factor, this formula can push minimum basic pay to 69,000
The 8th Pay Commission is considering changes to the family unit formula, suggesting it should reflect modern family structures.
EPFO 3.0: Withdrawing 75% of PF money through ATM? Heres how it impacts your pension
EPFO 3.0 introduces a fully digital system for EPF withdrawals, allowing members to access funds via UPI and ATMs.
PPF income strategy: Deposit before this date every month to maximize return Here's how
Investing in a Public Provident Fund (PPF) can yield better long-term returns by timing contributions. Depositing before the 5th of each month ensures interest accrual for that month, maximizing compounding benefits over the 15-year tenure at a current interest rate of 7.1%.
Credit cards come with some of the highest interest rates and a slew of additional charges and fees attached. Some of these include the annual fee, joining fee, late payment charges, foreign currency mark-up fee and transaction charges.
Employees Provident Fund: Want to withdraw your pension or obtain a scheme certificate from the EPFO? Here's how EPF members can initiate their claims online using Form 10C. Check the stepwise guide
Income-tax returns: Here's how taxpayers can claim deductions under Sections 80C, 80CCD, 80DD, 80E, 80GG, 80U of the I-T Act. Check here for the required documents while filing your ITR for FY26 / AY27
How much home loan can you get on 15 lakh or 20 lakh annual salary?
Currently, the average home loan interest rate in India for most salaried individuals with stable credit ranges between 8.2% and 9% per annum.
RBI monetary policy next week: What fixed-income investors should expect here's what experts say
Markets await the Reserve Bank of India's monetary policy as fixed-income investors look for stable rates and range-bound yields amid inflation risks, currency pressures and cautious policy guidance.
8th CPC: The 8th pay commission has invited applications from eligible candidates for consultant roles. Here's how many vacancies are posted, qualifications required, and scope of work and the salary scale.
Dearness Allowance: Difference between DA, Dearness Relief and House Rent Allowance, explained
Dearness Allowance: Amid 8th pay commission discussion over revisions to central government employee salaries, allowances and benefits, we take a look at the difference between DA, Dearness Relief (DR) and House Rent Allowance (HRA).
Provident fund: How to tap your PPF for low-cost emergency loans rules and eligibility explained
You can unlock emergency funds with the PPF loan facility, a government-backed option that offers low-cost borrowing against your PPF balance while preserving your long-term tax-free savings and steady growth.
NPS solves the biggest retirement challenge: generating steamarket-linked income
The introduction of the Retirement Income Scheme marks a significant shift in retirement planning, moving from just accumulating wealth to ensuring a steady income stream. With features like predictable cash flow and automatic risk reduction, retirees can enjoy peace of mind.
5 types of digital banking fraud in India and safety tips to protect your money
Digital banking frauds in India are rising as scammers use UPI scams, phishing attacks and OTP frauds, making online banking safety and awareness important for every user.
Digital living wills: a guide to costs, steps, trends and risks of advance medical directives
Digital living wills are emerging as a practical solution amid increasing awareness of the need for such advance medical directives in India due to changing family dynamics and potential medical incapacitation.
Why gilt mutual funds are struggling to gain popularity among retail investors
Smallcap IPOs dominated MF portfolios in March quarter. Which stocks made the top 10?
Mutual funds significantly increased their investments in smallcap IPOs during the March quarter, with a focus on newly listed companies. Amagi Media Labs and Fractal Analytics emerged as top holdings, followed by Sedemac Mechatronics and Shadowfax Technologies.
5 simple Demat account opening steps and smart stock market investing tips for beginners in India
Indias stock market investing boom is creating new wealth opportunities. Simple Demat account setup steps, beginner investing tips and long-term strategies can help investors grow their money wisely.
How bond prices and yields work: Hidden risk most investors overlook in fixed income markets
The real risk in bond investing often lies not in the asset class, but in the investors speculative approach to it.
As healthcare costs rise, understanding health insurance policies is crucial. Key factors affecting claim payouts include sum insured, room rent eligibility and co-payment clauses.
Gold ETFs vs gold mutual funds: Key differences in returns, costs, taxation and SIPs
Gold ETFs invest directly in physical gold and related instruments, while gold mutual funds buy units of gold ETFs. While both fall under the mutual fund category regulated by AMFI, they differ significantly in terms of investment structure, taxation, costs, liquidity, and investment approach.
Gold is trading near $4,450 and silver is around $72 to $78.50, as rising oil prices and geopolitical tensions affect the inflation outlook and investor sentiment. Focus is on how the US-Iran dispute unfolds. A peace deal can provide much-needed respite from rising inflation and commodity prices.
Parag Parikh Flexi Cap Fund marks 13 years with impressive growth. A Rs 10,000 SIP since inception turned into Rs 51 lakh. The fund prioritizes value, quality management, and global diversification. Its consistent strategy has made it India's largest active fund. Investors benefit from its disciplined approach across market cycles.
ITR-2 filing begins: Who should file, who cannot Check eligibility, exclusions, deadlines
The Income Tax Department has launched online filing for ITR-2 for assessment year 2026-27, targeting individuals and HUFs with income from capital gains and other sources. Eligibility criteria are specified, while ITR-1 and ITR-4 have also been made available for small and medium taxpayers.
West Bengal CM Suvendu Adhikari launched the 'Annapurna Bhandar' scheme, offering 3,000 monthly assistance to eligible women. Applications can be submitted online or offline, with verification ensuring benefits reach the right recipients.
EPFO 3.0: Want to withdraw 100% of your PF money? Check the latest withdrawal rules
EPFO subscribers will soon be able to access their provident fund savings directly through UPI, reducing paperwork and waiting times. Members can withdraw 50% to 75% of their EPF balance. The new system aims for a paperless experience, with testing completed and rollout expected soon.
US degree now costs more than a 2BHK in Bengaluru and Gurgaon How parents are prioritising
Indian parents face emotional and financial challenges sending children abroad for education, with costs rising to 5 crore by 2036 due to rupee depreciation and tuition hikes. Despite high expenses, 90% still prefer overseas studies, relying on long-term investments to ease the financial burden.
Speculation about the 8th Pay Commission grows as central government employees await long-promised salary revisions. Reports indicate the Centre may not meet all union demands, including a higher fitment factor, raising doubts about substantial pay hikes amid rising inflation pressures.
Who is a Resident but Not Ordinarily Resident and what are the tax implications?
Most returning NRIs are eligible for RNOR status for nearly two to three financial years, depending on their earlier duration of stay in India. Failing to claim this status properly can result in foreign income being unnecessarily subjected to Indian taxation
The EPFO provides pension benefits for subscribers with over 10 years of service. Members can withdraw their provident fund while retaining pension benefits. Here's when and why Form 10C is used
Attention taxpayers! The tax department has today enabled excel utility for income-tax returns for AY2026-27 (FY25-26) for online form ITR-2 on its official e-filing portal. Here's all you need to know
Bank FDs offer senior citizens a secure investment option for managing expenses like medical and living costs. Here is a comparison of fixed deposits from various public, private and small finance lenders
Are gifted shares taxed in India? Key rules, exemptions explained
Previously, the person making the gift was liable to pay tax under the provisions of the Gift Tax Act
Credit Card APR explained: How annual percentage rate works and why it matters for users
High credit card annual percentage rate (APR) charges can quietly increase debt and monthly expenses. Understanding the concept behind APR can help credit card users manage repayments wisely and avoid costly interest charges.
Should you use your annual bonus for prepayment of an outstanding home loan?
For a 30 lakh home loan, utilizing an annual 2 lakh bonus through lump-sum prepayments can save significant interest and reduce tenure. Early repayments enhance financial flexibility, while higher EMIs offer a structured but less flexible approach.
A 75,000 monthly salary can stretch further with smart expense planning, disciplined savings, SIP investments and controlled lifestyle spending to build long-term financial stability.
8th pay commission: The panel is set to meet stakeholders, unions, and employee representatives across states in June and July 2026. Check here for the full list of cities with planned visits in the coming months
REITs and InvITs allow you to invest in real estate and infrastructure properties like a stock. By purchasing the units of these instruments, you can directly own a piece of land without spending lakhs and crores of money.
DA: Why is Dearness allowance important? Why does Centre form a pay commission every 10 years?
The 8th pay commission has called meetings with various employee groups to gather information before it makes recommendations. We explore why Dearness allowance (DA) important and why the Centre forms a pay commission every 10 years
Looking where to invest lumpsum for 3 years? These 5 mutual funds lead with 30% gains
Gold-based mutual funds and value index schemes emerged among the best-performing lumpsum investments over three years, delivering up to 36% CAGR and significantly outperforming many equity, debt, and passive funds.
I asked ChatGPT how to survive a sudden layoff on a 14 LPA salary. The AI gave me a 'stop-loss' rule
I asked ChatGPT how to survive an unexpected layoff on a 14 LPA salary. The AIs answer revealed how quickly savings, EMIs and lifestyle costs can spiral out of control.
Personal loan on your mind? Smart planning before taking one can save your wallet
Smart borrowing starts with careful planning before taking a personal loan. It will help manage EMIs, interest rates, credit score and repayment capacity for stronger financial stability and disciplined debt control.
A Bengaluru couple recently hosted a destination wedding at Jim Corbett National Park and shred the costs associated with it. Advocating for financial prudence, they detailed their expenses in an Instagram video.
The 8th Pay Commission has confirmed meetings in Bhubaneswar on 67 July. Stakeholders are required to submit the prescribed request forms and memoranda before key consultation deadlines. Check the details carefully before submitting the forms.
Could 2 lakh really buy a comfortable, and stress-free international holiday for a vegetarian Indian couple in 2026? ChatGPT compared Thailand, Vietnam, Bali, Malaysia and Sri Lanka factoring in flights, Airbnbs, caf culture, shopping, vegetarian food and hidden costs.
MCX gold June futures were 0.10% up at 1,58,220 per 10 grams. Gold prices have been under pressure since the US-Iran war started on 28 February. International gold prices have fallen by up to 15% since the start of the Middle East conflict.
Sebis salary-to-mutual fund proposal could change how Indians invest
Sebis proposal allowing salary deductions for mutual fund investments could boost saving discipline, reduce behavioural spending leakage and accelerate MF adoption.
