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What happens if you dont extend SCSS tenure? Rules, interest and withdrawal explained

The Senior Citizens' Savings Scheme (SCSS) offers investment options for individuals aged 60 and above, with quarterly interest payments. It has a five-year maturity period and allows extensions. Here's what happens if you extend the tenure.

13 May 2026 3:34 pm
Dearness Allowance: Indian Railways hikes DA for employees by 2% effective from 1 January Here's all you need to know

Dearness Allowance: After the Finance Ministry and IBA, the Indian Railways has also hiked DA component of employees' salaries by 2%, from 58% to 60%, with effect from 1 January 2026. Here's all you need to know

13 May 2026 3:14 pm
How can NRIs simplify investing between India and their country of residence?

From NRE vs NRO confusion to tax treaties and GIFT City access, heres a practical roadmap for NRIs to simplify cross-border investing and build one coherent global financial strategy.

13 May 2026 2:42 pm
Canara Bank hikes MCLR lending rates; Bank of Baroda keeps rates unchanged check details

Canara Bank MCLR hike by 5 bps may raise EMIs on floating-rate loans like home, auto and personal loans, while Bank of Baroda keeps rates unchanged, impacting borrowers linked to MCLR resets from 12 May 2026. 

13 May 2026 2:04 pm
He owned Bitcoin and Ethereum, but this coin made him rich: Ripple ex-CTOs crypto strategy decoded

Ripple's former CTO, David Schwartz, has revealed that XRP significantly increased his wealth compared to Bitcoin and Ethereum. He once held 26 million XRP, which peaked at $3.65, while he regrets selling Ethereum too early. 

13 May 2026 1:39 pm
Banks vs HFCs: What home loan borrowers must know

Homebuyers must choose between banks and housing finance companies (HFCs) for loans. Banks offer lower interest rates with strict documentation, while HFCs provide flexibility and quicker processing, making them suitable for self-employed borrowers.

13 May 2026 1:27 pm
Aditya Birlas Activ Yuva plan rewards sleep, exercise and healthy eating with insurance benefits key features

Aditya Birla Health Insurance launches Activ Yuva, a wellness-first plan offering unlimited hospitalisation cover, OPD benefits, income protection, and rewards for healthy lifestyle habits through its HealthReturns model for young consumers.

13 May 2026 12:53 pm
Outsourcing house chores is the new and easy norm, but is it burning a hole in your pocket?

App-based domestic help platforms promise reliability and ease. But as promo prices fade and surge fees kick in, urban users are rethinking whether the convenience justifies the rising monthly bill.

13 May 2026 12:39 pm
Gold prices soar after duty hike should you buy, hold or rebalance? Expert says, good time to

The Indian government raised import duties on gold and silver to 15% to curb rising import costs due to the West Asia crisis. This hike may lead to higher domestic gold prices and reduced jewellery demand, with investors advised to rebalance their portfolios accordingly.

13 May 2026 12:31 pm
Post Office Monthly Income Scheme 2026: 9 lakh investment earns 66,600 yearly, full maturity details

Post Office Monthly Income Scheme 2026 offers guaranteed monthly income, capital safety and stable returns at 7.4% interest, making it suitable for conservative investors seeking low-risk savings options in the country.

13 May 2026 11:54 am
Clarity act up for vote tomorrow: Will it change how you use crypto? 5 Key provisions to watch

The US Senate Banking Committee released the Clarity Act text, defining financial regulators' jurisdiction over cryptocurrencies. Key provisions address stablecoin rewards, anti-money laundering compliance for crypto firms, easing SEC fundraising rules, and others

13 May 2026 9:49 am
Gold and silver price today, May 13: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities

As of May 13, gold is priced around 161,410 per 10 gm, while silver reached 296,570 per kg, driven by demand and currency fluctuations.

13 May 2026 9:44 am
Social Security May 2026 payments start this week: Who gets paid today, May 13?

The first wave of May Social Security payments is scheduled for distribution this week. Payments are based on birthdates, with recipients born between the 1st and 10th receiving payments on May 13, followed by others on May 20 and May 27.

13 May 2026 7:28 am
Don't need to visit I-T e-filing portal? Here's how you can download Form 26AS through you bank website Stepwise guide

Income-tax returns: Form 26AS displays taxpayers' financial statements and can be accessed via the Income Tax portal or your banks' website. Taxpayers can view, download, and provide feedback on the document.

12 May 2026 11:11 pm
Is foreign-earned salary in NRE account taxable in India? Here's what rules say

Non-resident Indians can transfer overseas earnings to India via NRE accounts, which are not taxable if income is foreign. NRO accounts manage Indian income but incur taxes. Details here.

12 May 2026 11:10 pm
Starting your investment planning journey? From wealth creation to tax saving Here are key factors to consider

Investment planning is crucial for financial stability, involving assessment of current finances, risk tolerance, and future goals. Here are key factors investors need to keep in mind while forming strategy.

12 May 2026 10:36 pm
PM Modi advises against buying gold: What alternative assets can investors consider? Experts weigh in

Prime Minister Modi calls for a one-year boycott of gold purchases to reduce imports and strengthen the economy. Experts suggest alternatives that may act like a hedge. Full list and other details here. 

12 May 2026 9:59 pm
I asked ChatGPT if I should buy a Mercedes on 30 LPA: AI was brutally honest, explained purely on mathematical terms

A young Bengaluru professional earning 30 lakh annually wants to buy a Mercedes A-Class Limousine. ChatGPT replies.

12 May 2026 9:43 pm
Investing in gold alternatives digital, ETFs, mutual funds or SGBs? Check if they can be converted to physical gold

Are you investing in gold alternatives digital gold, gold ETFs, gold mutual funds or sovereign gold bonds (SGBs)? Check here to see if these options can all be converted to physical gold and how they are taxed in India.

12 May 2026 8:38 pm
What is digital gold? How can you buy it, and can it be converted to physical gold?

Digital gold allows online investment in physical gold without immediate possession. It is also backed by real gold stored in secure vaults but not regulated by Sebi or RBI. Details here.

12 May 2026 7:14 pm
National Pension Scheme: Maharashtra makes revised NPS opt-in for employees Check deadline, minimum pay, other details

Maharashtra government has made its revised National Pension Scheme optional for current employees and given till 31 December to opt-in. Here's a look at how pension will be calculated, the minimum monthly payout and years of service required to claim. 

12 May 2026 6:53 pm
Small savings scheme interest rates in May 2026: Returns on PPF, SSY, SCSS, NSC and others compared

Small savings scheme interest rates in May 2026 highlight stable government-backed returns across PPF, SSY, SCSS and NSC. These are ideal for conservative investors who seek to balance volatility and tax efficiency.

12 May 2026 6:42 pm
How much gold can you legally keep at home? Rules explained amid PM Modi's appeal to avoid buying the yellow metal

Prime Minister Modi urged citizens to avoid gold purchases for a year to reduce non-essential imports. India's gold ownership rules allow certain limits on gold jewellery during tax raids. Here's all you need to know. 

12 May 2026 5:53 pm
8th CPC: Market volatility hurting payout? Central govt employees representative demands assured pension What we know

A representative body for central government employees has requested the 8th CPC to ensure a minimum payout under NPS to counter market volatility. A memorandum detailing the demands has been submitted to the panel.

12 May 2026 5:18 pm
Tenant refusing to vacate house in Delhi? Key legal provisions for eviction and rights of landlords explained

If a tenant refuses to vacate a house in Delhi, there are key provisions under the Delhi Rent Control Act that can protect the landlord's rights. They include eviction, legal remedies, and Supreme Court rulings for landlords and tenants.

12 May 2026 4:57 pm
SCSS maturity rules explained: Can senior citizens extend their account's tenure?

The Senior Citizens Savings Scheme offers retirees a popular fixed-income investment with government backing and quarterly payouts. Eligible individuals can invest, extend their accounts multiple times, and earn an 8.2% annual interest rate. 

12 May 2026 3:44 pm
Gen Z investors are rewriting the rules of investing

Gen Z has become the country's fastest-growing investor cohort, with under-30s now comprising 38% of the National Stock Exchange's base, but experts warn their decisions are driven more by social media, peer pressure and post-covid return euphoria than by sound financial strategy.

12 May 2026 3:38 pm
I asked ChatGPT: Can I do a solo Bali trip from Delhi in 1 lakh? AI reveals the real 2026 cost

ChatGPT explains whether a 10-day solo Bali trip from Delhi can realistically be done within 1 lakh. Check the detailed AI breakdown on flights, cafs, beaches, hotels, hidden costs and the smartest Bali itinerary.

12 May 2026 2:53 pm
Missed an EMI payment? Here are 5 ways default can impact your credit score

EMI bounce on any form of debt can quickly damage your credit score. A single missed payment may significantly reduce scores, affect loans, and increase interest rates for borrowers over time. 

12 May 2026 1:49 pm
Can low-volatility funds work amid market volatility?

These passive funds are falling less than the broader market during sharp corrections, but advisers say the trade-off is slower gains in strong rallies.

12 May 2026 1:38 pm
EPFO asked to pay 50,000 to employee for taking 10 years to process Provident Fund transfer from old to new account

The employee filed a consumer complaint against EPFO in the Chandigarh district commission and sought transfer of the balance amount along with interest, compensation, as well as litigation costs.

12 May 2026 1:37 pm
Why sideways markets make even smart investors look confused

After the 202024 bull run, markets have turned sideways and volatile. In this phase, discipline, risk control and defensive positioning matter more than aggressive stock picking.

12 May 2026 1:22 pm
8th Pay Commission demands: Salary hike, pension reform and fitment factor compared across 3 major unions

Amid active consultations, the 8th Pay Commission sees strong union demands for revised pay, fitment factor hikes, pension reforms and allowance restructuring for government employees. These demands will be considered holistically before the final recommendations of the Commission. 

12 May 2026 12:36 pm
NRI members can receive tax-exempt sums from HUF income

Since the money comes from tax-paid rental income of the HUF, it should NOT be taxable in your hands in India.

12 May 2026 12:20 pm
'Bengaluru rent is second EMI': Couple pays 56,000 rent out of 1.3 lakh monthly budget, netizens relate

Married couple from Bengaluru, shared why someone can be earning well and still feel poor in the city. Both product managers, shared their over 1 lakh monthly budget without including vacations, investments or any luxury purchase.

12 May 2026 12:10 pm
How authors can protect and pass on copyrights through estate planning

For authors, estate planning isn't limited to houses, investments or even manuscripts. Their most valuable assets may be copyrights for published or unpublished writings. Similarly, for music and art works. While a copyright doesn't last forever, here's how to ensure heirs get what's allowed by law.

12 May 2026 11:35 am
Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 12 May in Delhi, Mumbai and Kolkata

Gold and silver prices stayed largely steady on 12 May, with minor changes across major Indian cities. MCX futures edged higher amid ongoing geopolitical tensions and safe-haven demand, while precious metals continued their strong yearly rally.

12 May 2026 10:16 am
Children Educational Allowance, Section 80C tuition fee deductionSee how you can claim tax benefit of up to 4.38 lakh

Children Educational Allowance helps employees cover educational expenses for their children under the old tax regime. Here's a look at the eligibility and non-eligibility of tuition fees deduction under Section 80C.

11 May 2026 11:09 pm
Do NRIs require tax clearance certificate before leaving India?

The ITA provision on tax clearance certificate specifically excludes persons who are not domiciled in India and visit India for purposes not connected with business, profession, or employment.

11 May 2026 10:04 pm
What is LPG subsidy? Know rules, eligibility and how to spot fake LPG delivery messages and avoid scams | Explained

State-run oil companies are verifying LPG consumers' income to cut subsidy burden. Those with incomes over 10 lakh may lose benefits. Consumers must respond within seven days to avoid cancellation. The move follows stricter checks with the Income Tax Department to identify ineligible recipients.

11 May 2026 9:44 pm
Health fund and health insurance: What's the difference, why you may need both and how to save

Every individual has to budget and save for possible medical and health related expenses. Here is the difference between a health fund and health insurance, why you may need both and how much to save

11 May 2026 9:41 pm
I asked ChatGPT: How can I make my kids more financially aware? AI gives me 10 money hacks

Teaching children about money is best done through intentional behaviour and practical systems. ChatGPT recommends clear allocation methods, experiences financial consequences, and encourages emotional connections to saving. 

11 May 2026 9:06 pm
Post office savings: Can 10 lakh FD and 10,000 RD create 1 crore in 20 yrs? Check how inflation impacts returns

A 10 lakh post office FD earning 7.5% and a 10,000 monthly recurring deposit earning 6.7% can grow into a corpus close to 1 crore over 20 years through compounding. However, inflation may significantly reduce the real value of these returns, making long-term planning and diversification crucial.

11 May 2026 8:48 pm
Sharing your credit card with friends and family could land you in trouble with the Income-Tax department Here's why

Avoid sharing credit card with friends, family. If your reported income is not sufficient to pay back your credit card debt, or your expenditures far exceed your income capacity, it may trigger a notice from the authorities.

11 May 2026 8:23 pm
I asked ChatGPT to calculate the savings needed as a freelance artist, to live my old age in Pune

I asked ChatGPT to calculate the how much savings corpus I should build for my old age as a freelance artist with irregular income, living in Pune. Here is what artificial intelligence (AI) chatbot said

11 May 2026 6:54 pm
Senior citizen FD rates in May 2026: AU, Equitas, Shivalik and other small finance banks offer up to 8.30% for retirees

Senior citizens' FD rates in small finance banks reach up to 8.30% in May 2026, offering secure, high-yield investment options with stable returns. These investment options become even more lucrative in the current geopolitical environment. Check details.

11 May 2026 6:39 pm
I asked ChatGPT to plan my son's MBA at London Business School: AI gives course fees, post-degree salary and more

MBA returns vary regionally, with the Middle East offering the fastest payback, according to ChatGPT. Check the AI tool's detailed response.

11 May 2026 6:16 pm
'Bangalore rent is like second EMI: Couple says 1.3 lakh monthly expenses exclude holidays, luxury spending

According to the couple, rent takes up the largest share of their monthly budget. They said they pay 56,000 every month for their apartment.

11 May 2026 6:09 pm
8th central pay commission to engage stakeholders in Delhi, Telangana, J&K and Ladakh in May and June Check dates

As part of its consultation process, the 8th CPC opened submissions and held meetings in Delhi in March and in April. Now, visits are scheduled in Telangana, Ladakh, Jammu & Kashmir and Delhi in May and June.

11 May 2026 4:56 pm
Corporate FD rates in May 2026: Shriram Finance, Mahindra Finance and other top NBFCs offer returns up to 8.95%

Corporate FD rates in May 2026 are attracting investors, as Shriram Finance, Mahindra Finance, and other top NBFCs offer stable FD returns of up to 8.95% amid market volatility. Check the comprehensive comparison, and discuss with certified financial advisors before locking in on any investments. 

11 May 2026 4:07 pm