SENSEX
NIFTY
GOLD
USD/INR

Weather

image 27    C

The Economic Times

Personal Finance / The Economic Times

FD rate up to 8.5% for senior citizens investing for five years; know the list of banks

Select small finance banks offer senior citizens fixed deposit rates up to 8.5 percent. Suryoday Small Finance Bank provides 8.5 percent interest on five-year fixed deposits for seniors. Jana Small Finance Bank offers 8 percent interest on similar fixed deposit terms. Banks deduct TDS on FD interest exceeding one lakh rupees for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero.

12 Sep 2026 7:00 am
EPFO told to pay 6% interest on Rs 14 lakh PF claim after 35-day delay: What consumer commission said

The Mumbai consumer commission ruled against the EPFO, citing service deficiency linked to inadequate communication regarding a joint declaration application. Consequently, the commission mandated EPFO to pay six percent interest on the delayed EPF claim, which was filed by the complainant back in October 2016. EPFO has been instructed to fulfill this directive within a strict timeframe of forty-five days.

11 Sep 2026 5:01 pm
ICICI Prudential Mid Cap Fund among 5 midcap funds that delivered over 20% CAGR in 3 years. Do you own any?

Five mid-cap mutual funds delivered annualised returns above 20% over three years through September 2, 2026. HSBC Midcap Fund led with 24.1%, followed by Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap Fund.

11 Sep 2026 4:39 pm
9 equity mutual fund categories attract inflows in August; small caps remain investor favourite

Among the 11 sub-categories, smallcaps received the highest inflows of Rs 7,973 crore in August

11 Sep 2026 4:32 pm
Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels it

Satbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father cant be slapped with Rs 12.83 lakh penalty under Section 270A if his ITR-reported income matches the assessed income and the only point of contention is the tax benefit from the India-United Arab Emirates (UAE) DTAA treaty.

11 Sep 2026 3:55 pm
Rs 2.5 crore retirement corpus: Can you get Rs 2 lakh monthly income for 25 years?

Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security. Adopting a conservative withdrawal rate that is lower than the annual returns can help sustain the corpus. By gradually increasing withdrawals based on a fixed percentage, retirees can plan for better financial longevity. Moreover, beginning with lower withdrawals and scaling them up annually contributes positively to corpus preservation.

11 Sep 2026 3:46 pm
MotilalOswalDigitalIndiaFundNAVjumps10% in fivedays. Whats driving the rally?

Motilal Oswal Digital India Funds NAV rose over 5% in five days, helped by its sizeable ESDS Software holding. The stocks sharp post-listing rally has boosted the thematic fund, highlighting how concentrated positions can amplify NAV gains and volatility.

11 Sep 2026 3:31 pm
SIP stoppage ratio drops to 81% in August as new registrations beat closures for fourth month in a row

August saw mutual fund SIP inflows soar to an unprecedented Rs 32,297 crore. The stoppage ratio has now dropped for four consecutive months to 81.05%, signaling improving investor engagement. Notably, new SIP registrations outpaced those that were suspended or completed. This growing confidence is reflected in over 10 crore SIP accounts, contributing to a total market asset valuation of Rs 87.08 lakh crore for the Indian MF industry.

11 Sep 2026 3:12 pm
The cost of sitting out: Missing Niftys best 50 days cuts CAGR to 0.94% from 13.55%: Abakkus MF

Abakkus Mutual Fund highlights the steep cost of missing the markets strongest sessions. The Nifty 50 TRI delivered a 13.55% CAGR between April 2005 and August 2026, but this fell to 0.94% for investors who missed the best 50 days, underscoring the risks of trying to time the market.

11 Sep 2026 2:56 pm
EPF advance rules: You can withdraw EPF money for these 5 reasons; check limits

Members of the Employees Provident Fund Organisation can access their savings in times of need, such as emergencies and personal circumstances. Illness-related withdrawals have no limits, while education expenses allow for up to ten claims. For marriage and housing, members may withdraw funds up to five times each during their membership.

11 Sep 2026 2:53 pm
Uncle opposed claim to grandfathers 12-acre land after fathers name was removed; Supreme Court gives relief to children

Removing name from mutation records cant take away ownership rights to land, rules Supreme Court; Heres what landowners should know. Read the article to know.

11 Sep 2026 2:43 pm
Selling insurance but not handling customer grievances: IRDAI fines IndusInd Bank Rs 1 crore; here's what policyholders should know

IndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism for policyholders. Despite claims of an overall system, the regulator found a lack of dedicated channels and inadequate information, highlighting a crucial distinction between banking and insurance customer service.

11 Sep 2026 1:34 pm
Gold rate today (September 11, 2026): Check 24k, 22k, 20k, 18k gold jewellery prices from IBJA, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq

Gold and silver prices fell on Friday, September 11, 2026, as fluctuations in the global market took their toll. The release of strong US PPI data heightened expectations of a Federal Reserve rate increase, putting further strain on precious metals. Heightened geopolitical issues compounded the situation, leading to price cuts from leading jewellers like Tanishq and Malabar Gold & Diamonds.

11 Sep 2026 1:24 pm
Selling gold after price rise: Have you factored in capital gains tax you will have to pay? Know how you will be taxed on selling Rs 10 lakh worth of gold

When selling old gold jewellery, be aware that it comes with capital gains tax and Goods and Services Tax implications. Long-term capital gains tax is set at twelve point five percent, while short-term gains are taxed according to your income tax slab. The net proceeds from these sales are diminished after considering the purchase cost and holding duration, making it vital to factor in these taxes.

11 Sep 2026 11:27 am
Gold ETF inflows jump 67% to Rs 2,596 crore in August. Why are investors piling in?

Gold prices and Gold ETFs have delivered strong returns, but experts caution investors against chasing recent performance. While central bank buying, geopolitical risks and diversification benefits support golds medium-term outlook, its lower Sharpe ratio highlights its cyclical nature. Experts recommend treating gold as a portfolio diversification tool and maintaining an appropriate allocation rather than increasing exposure solely because prices have risen.

11 Sep 2026 10:48 am
264% return on SGB premature redemption date today: Gold bond turns Rs 1 lakh investment into Rs 3.64 lakh

The Reserve Bank of India has revealed the early redemption price for a particular series of gold bonds. Starting September 11, 2026, investors can redeem SGB 2019-20 Series X at Rs 15,328 per unit, determined by current gold pricing.

11 Sep 2026 10:47 am
Best focused mutual funds to invest in September 2026

If you are ready to take more risk and have an investment horizon of around seven years, you may invest in these schemes. Here are our recommended focused equity mutual fund schemes. Follow our monthly updates to keep track of your investments.

11 Sep 2026 9:11 am
Bank union strike today: Are banks open or closed today on September 11, 2026? Check details

Customers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This strike will extend into the weekend, limiting service availability. Unions are pressing for critical reforms including a five-day work week and a thorough review of the PLI scheme.

11 Sep 2026 7:00 am
Will your NPS linked retirement get derailed if you change your job? Heres what you can do to keep your retirement on track

Changing jobs? Make sure your National Pension System (NPS) account doesnt get overlooked. Learn how your Permanent Retirement Account Number (PRAN) stays transferable, what happens to your contributions when you switch jobs, and why reassessing your retirement savings plan is essential during this transition, not just adjusting your paycheck.

11 Sep 2026 6:30 am
Equity MF inflows rise 19% to Rs 29,329 crore in August; SIPs hit record high

Equity mutual fund purchases rose nineteen percent in August, reaching twenty-nine thousand three hundred twenty-nine crore. Systematic investment plan collections hit an all-time high of thirty-two thousand two hundred ninety-seven crore. Fixed income categories experienced net outflows of eight thousand seven hundred eleven crore during August. Mid and small-cap funds led equity investments, attracting over fifty percent of net flows.

11 Sep 2026 5:57 am
Bank union strike tomorrow: Are banks open or closed on September 11, 2026? Check details

Bank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for this action, impacting branch operations. Banks advise customers to use digital channels and ATMs for essential transactions. Essential services will run, but branch work may be affected by the strike.

10 Sep 2026 5:41 pm
Delhi HC acts big on fake GST registrations, rules no GST registration without biometric-based Aadhaar authentication

In light of many fraudulent GST registrations, the Delhi High Court has ruled that no Goods and Services Tax (GST) registration can be obtained without Aadhaar biometric authentication. Read the article to know more.

10 Sep 2026 5:34 pm
Booked flats for Rs 1.16 crore, two homebuyers awaiting possession find project lapsed; MahaRERA orders builder to give money back with interest

In 2013, two homebuyers believed they would receive their flats by 2014. However, the project registration expired, leaving construction stalled for years. Following this, MahaRERA mandated the builder to refund the buyers' payments and ordered compensation for both complainants. This important ruling highlights buyers rights in the face of extended project delays.

10 Sep 2026 5:32 pm
8th Pay Commission news: Pensioners' body in Chennai recommends 3.83 fitment factor; but can 8th CPC deliver it?

8th Pay Commission latest news: In a bold move, multiple employee unions are pushing for a minimum pay of Rs 69,000 in the 8th Pay Commission. Their demands include a fitment factor of 3.833, marking a significant hike compared to past commissions. Unions justify these demands through consumption basket assessments for families, while experts warn that the chosen fitment factor could greatly influence income and spending choices.

10 Sep 2026 4:30 pm
16 years after separation, husband gets divorce over wifes adultery but has to pay Rs 7 lakh in alimony: Madras HC order

While husband was working in Mumbai, back in his hometown his wife got into an affair; husband wins divorce on adultery ground but with Rs 7 lakh alimony. Know how husband won the case.

10 Sep 2026 4:19 pm
Mutual fund NFOs: 26 funds collect Rs 7,100 crore in August; SBI Balanced Hybrid Fund leads

A total of 26 new open-ended funds were launched in August, mobilising Rs 7,110 crore. Equity funds attracted the highest inflows at Rs 3,051 crore, followed by hybrid funds at Rs 1,848 crore and debt funds at Rs 1,647 crore.

10 Sep 2026 4:05 pm
Can IndiGo shares fly again amid soaring oil prices? Ambit remains bullish but lists 5 key risks

InterGlobe Aviation shares have fallen 8% in a month as oil prices topped $100, capping near-term upside. Ambit retains its Buy call, citing IndiGos market-share gains, strong aircraft order book and long-term growth prospects despite fuel, forex and competitive risks.

10 Sep 2026 3:50 pm
CAS wild swing: Sensex soars 1,000 points on expiry day but ends only 138 points higher

In a surprising turnaround, India's stock market indices, Sensex and Nifty, erased intraday losses to close positively on Thursday. Ending a three-day decline, the benchmarks saw Power Grid and Axis Bank surge by nearly two percent, contributing to the upward momentum. Additionally, significant names like UltraTech Cement and NTPC also recorded gains.

10 Sep 2026 3:49 pm
Rs 1.09 crore remittance sent to home by an Indian working in Kuwait, but he didn't file ITR, received income tax notice; gets relief in ITAT Ahmedabad

Indian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no ITR, got an unexplained money tax notice u/s 69; he partially wins case in ITAT Ahmedabad

10 Sep 2026 3:49 pm
Smallcap, midcap funds attract higher inflows in August; largecap outflows continue for second month

Small- and mid-cap mutual funds attracted strong investor interest in August, with small-cap inflows reaching a record Rs 7,973 crore. Large-cap funds, meanwhile, recorded outflows for the second consecutive month amid weaker performance.

10 Sep 2026 3:41 pm
September 12, 2026 Lok Adalat in New Delhi postponed to October 10: What will happen to cases and traffic challans now?

The National Lok Adalat in New Delhi has officially rescheduled its cases for October 10, 2026, impacting all civil and criminal compoundable cases, though divorce matters are not included. Additionally, traffic challans that are due until June 30, 2026, will be addressed.

10 Sep 2026 2:54 pm
Explained: Why US ETFs listed in India are trading at steep 65% premiums over the iNAV. Should you worry?

India-listed US ETFs are trading at steep premiums to their indicative NAVs, with some reaching 65%. The divergence appears driven by limited supply due to overseas investment caps, strong demand for US equities and changes in ETF circuit-limit calculations. Investors buying at elevated premiums risk losses if the gap narrows.

10 Sep 2026 2:37 pm
NFO Alert: Edelweiss Mutual Funds Altiva SIF launches equity long-short fund

Edelweiss Mutual Fund has introduced the Altiva Equity Long-Short Fund, designed to achieve long-term capital growth through strategic equity investments. The fund's new offering is available for subscription until September twenty-fourth and features a balanced large-cap portfolio complemented with an income-oriented derivatives aspect. This investment opportunity is ideal for those with a time horizon of three to five years.

10 Sep 2026 1:27 pm
Looking for smallcap mutual funds? SBI Small Cap, Kotak Small Cap among top 4 picks for September

Smallcap mutual funds can offer high long-term returns but carry significant risk. ETMutualFunds shortlisted four schemes based on rolling returns, consistency, downside risk, outperformance and asset size, with a minimum threshold of Rs 50 crore.

10 Sep 2026 12:58 pm