Livemint

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.

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

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.

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. 

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. 

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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. 

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

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.

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.

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. 

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.

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. 

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.

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.

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. 

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.

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.

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. 

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.

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.

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.

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. 

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

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.

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.

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.

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.

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.

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.

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

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. 

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.

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.

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

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.

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

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.

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.

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.