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The marginal cost-based lending rates (MCLR) offered by ICICI Bank have increased by up to 10 basis points for all tenures. The higher interest rates are effective from March 1, 2023. from Personal Finance News-Wealth-Economic Times https://ift.tt/hblQcj1 via IFTTT

Employees Provident Fund Organisation (EPFO) has activated the link on the Member e-Sewa portal for the eligible EPF members to submit their application for higher pension under Employees' Pension Scheme. Here is a step by step guide on how to submit application for higher pension under EPS on the EPFO portal. from Personal Finance News-Wealth-Economic Times https://ift.tt/we179sl via IFTTT

The RBI released details about the SGB tranches that would be prematurely redeemed between April 1, 2023, and September 30, 2023, as well as the deadline for submitting requests for such a redemption. from Personal Finance News-Wealth-Economic Times https://ift.tt/Sntzs0Y via IFTTT

Debt funds are one of the rewarding options today for the debt portion of the portfolio. The 5-year government paper, which was available at 6-6.1% in March 2022, is today available at 7.45%. ​A better approach for an investor would be to lock in to the high yields provided by central government bonds. from Personal Finance News-Wealth-Economic Times https://ift.tt/bzM5Oe7 via IFTTT

Cancer looms as a major public health burden in India, with the number of cancer cases only projected to rise. So, are you protected? Have you invested in a robust health insurance policy providing cancer cover to ensure financial stability? If not, it’s perhaps time. The silver lining? Cancer and health insurance plans are not that expensive as popular perceptions suggest. Here, we dispel all insurance-related misinformation. from Personal Finance News-Wealth-Economic Times https://ift.tt/645aDEr via IFTTT

ET NOW's Managing Editor, Nikunj Dalmia, explains a case for staying invested in India. from Personal Finance News-Wealth-Economic Times https://ift.tt/C4E0PQ2 via IFTTT

Under the PM-Kisan scheme, the eligible farmers will receive an installment of Rs 2000 into their registered bank accounts. Here is how to check if PM Kisan's 13th installment is credited online from Personal Finance News-Wealth-Economic Times https://economictimes.indiatimes.com/wealth/save/pm-kisan-13th-installment-released-how-to-check-via-pmkisan-gov-in/articleshow/98266310.cms via IFTTT

IMF has called India a ‘bright spot’. With the Indian government pushing to make the country a USD 5 trillion economy by 2026-27, India presents a flourishing heap of economic opportunities to invest in. from Personal Finance News-Wealth-Economic Times https://ift.tt/Z0nqycE via IFTTT

Small finance banks (SFBs) continue to offer the highest interest rates, ranging from 8 per cent to 9 per cent on fixed deposits (FDs) to general citizens. Here is a list of small finance banks offering the best interest rates on fixed deposits. from Personal Finance News-Wealth-Economic Times https://ift.tt/6T8Rmcz via IFTTT

Inflation is on the rise, and this is causing the interest rates on loans to go up. This could lead to an increase in the cost of living for people who don't have an extended income source. Additionally, the stock market is seeing high interest rates which is causing more volatility. from Personal Finance News-Wealth-Economic Times https://ift.tt/60Zd7HQ via IFTTT

The Employees Provident Fund Organisation (EPFO) has activated the link for online application form for those EPS members who missed the earlier opportunity to apply for higher pension. On the Member e-Sewa portal of EPFO, it is mentioned that these eligible employees have time till May 3, 2023, to submit application form along with other required documents for higher pension. from Personal Finance News-Wealth-Economic Times https://ift.tt/vwcW5Ll via IFTTT

Meet the flexi-cap mutual fund managers who created the most wealth for investors in 2022. from Personal Finance News-Wealth-Economic Times https://ift.tt/CKe9Nzf via IFTTT

Owning a credit card is very easy but it is important to close when the card is lost, misplaced or close when not in use anymore. from Personal Finance News-Wealth-Economic Times https://ift.tt/xF6NtsK via IFTTT

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You have to be an active EPS member with contribution for a minimum of 10 years to become eligible for pension at the retirement age. If your service period under EPS is longer, your overall gain will be higher. This can become a major factor in deciding if one should go for higher EPS or not. from Personal Finance News-Wealth-Economic Times https://ift.tt/4lW1yHv via IFTTT

Opt for automatic debit facility to pay bills and EMIs to avoid default. from Personal Finance News-Wealth-Economic Times https://ift.tt/TZ7GiHL via IFTTT

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6 benefits of paying your LIC premiums through net-banking from Personal Finance News-Wealth-Economic Times https://ift.tt/XSZQx0G via IFTTT

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PSU banks have taken the lead in raising deposit rates, offering as high as 8.5% to senior citizens for specific tenures. State Bank of India now offers 7.1% for a 400-day deposit, with senior citizens earning 7.6%. Among other nationalised banks offering attractive rates are Union Bank of India -7.3% for an 800-day deposit, and Central Bank 7.25% - for a 444-day deposit. Punjab and Sind Bank offers 8% for a 221-day deposit if done online, with senior citizens earning 8.5%. from Personal Finance News-Wealth-Economic Times https://ift.tt/YSf7BbA via IFTTT

The Supreme Court has allowed employees to apply for higher pension under EPS if they were members on September 1, 2014. However, there may be employees who were members of EPS and/or EPF but they were not making contributions to the EPF account. This may happen because of various reasons. In such a scenario, can such an employee opt for higher pension from EPS? from Personal Finance News-Wealth-Economic Times https://ift.tt/Xk9GwpS via IFTTT

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Many employees may be wondering if they were members of Employees' Pension Scheme (EPS) on September 1, 2014 to apply for higher pension. If you are one such employee, then here is a step by step guide to check your EP and/or EPF membership status to opt for higher pension under EPS. from Personal Finance News-Wealth-Economic Times https://ift.tt/ON4IKmY via IFTTT

Banks including the State Bank of India (SBI), ICICI Bank, and HDFC Bank offer special fixed deposits to senior citizens with a higher interest rate for a specific tenure. from Personal Finance News-Wealth-Economic Times https://ift.tt/bSDx37X via IFTTT

The last date to submit the application for the higher pension under the EPS is March 3, 2023. Hower, the Employees' Provident Fund Organisation issued guidelines for existing employees on February 20, 2023. With less than 12 days left for the deadline to expire, there are many documents that an individual has to submit along with the application form. Will EPFO extend deadline to apply for higher pension?​ from Personal Finance News-Wealth-Economic Times https://ift.tt/YxCaUSl via IFTTT

Retirement fund body EPFO on Monday directed its regional offices to implement the November 4 Supreme Court judgement upholding the Employees Pension (Amendment) Scheme, 2014 and laid out the procedures through which subscribers can apply for higher pension under the EPS scheme. from Personal Finance News-Wealth-Economic Times https://ift.tt/etDY0Rg via IFTTT

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YES Bank has increased the interest of select tenures of fixed deposits (FDs) by 25 to 50 basis points (bps). The new fixed deposit interest rates have been effective from February 21, 2022, as per the bank's website. Check YES Bank's latest fixed deposit interest rates from Personal Finance News-Wealth-Economic Times https://ift.tt/DBr8nq4 via IFTTT

HDFC Bank offers interest rates ranging from 3% to 7.10% for the general public and 3.50% to 7.60% (excluding Senior Citizen Care FD) for senior citizens for tenures between 7 days and 10 years. from Personal Finance News-Wealth-Economic Times https://ift.tt/mZ2CQPt via IFTTT

SBI Amrit Kalash: New FD scheme offers up to 7.60%; who are eligible, other details from Personal Finance News-Wealth-Economic Times https://ift.tt/HYhTsNz via IFTTT

EPFO issued a circular on February 20, 2023, with guidelines on how eligible employees who missed out on opting for a higher pension under the EPS can now apply for it. Here is the circular issued by EPFO on February 20,2023 from Personal Finance News-Wealth-Economic Times https://ift.tt/jLgFKYf via IFTTT

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All eligible EPS 95 members who wish to apply for the higher pension will have to make a higher contribution towards EPS 95 from the employer’s share on the basis of the actual wages till the time they remain active members of EPF or retire. However, a higher contribution from now onwards is not enough, as they will also have to pay the additional contributions for the previous years. from Personal Finance News-Wealth-Economic Times https://ift.tt/Gsmv7og via IFTTT

Axis Bank has increased its marginal cost of funds-based lending rates (MCLR) across tenures by 10 basis points, according to the private sector lender’s website. The new rates are effective from February 18, 2023. from Personal Finance News-Wealth-Economic Times https://ift.tt/3o2TPNh via IFTTT

The EPFO on February 20 released a circular providing guidelines how eligible employees can apply for higher pension under the Employees Provident Scheme (EPS). The last date to apply for higher pension is March 3, 2023 as mandated by the Supreme Court judgement. from Personal Finance News-Wealth-Economic Times https://ift.tt/mpGf57s via IFTTT

PM Kisan amount is distributed in three equal installments of Rs. 2000 each, every four months. A direct bank transfer is done to the Aadhaar-seeded account of the beneficiary. from Personal Finance News-Wealth-Economic Times https://ift.tt/Xjq0UOi via IFTTT

The new interest rates will be applicable for fixed deposits of less than Rs 2 crore. The increased interest rates on the FDs are effective from February 20, 2023, according to the PNB website. from Personal Finance News-Wealth-Economic Times https://ift.tt/NuYIfM4 via IFTTT

Investing gradually over a period, diversification, having an asset allocation limit and rebalancing is all that it takes to save an investor from even a big corporate which has produced more hot air than almost any other for a decade. from Personal Finance News-Wealth-Economic Times https://ift.tt/QcH8WRk via IFTTT

Being laid off can be devastating. But don't panic. Do remember that being laid off is not necessarily a reflection of your performance. Now, you need to sketch a plan for how to pay your bills, and EMIs and manage your finances till you get a new job. Here are some useful tips to manage your money after a job loss. from Personal Finance News-Wealth-Economic Times https://ift.tt/tRmChSr via IFTTT

Money is needed for meeting our expenses, financial goals and securing material comforts. But it cannot make us happy or give us a high. Like they say, money can buy a bed, not sleep. from Personal Finance News-Wealth-Economic Times https://ift.tt/uNDV7nK via IFTTT

IDFC FIRST Bank has revised interest rates on its savings accounts, with effect from February 15, 2023. The bank offers highest interest rate of 6.75%. from Personal Finance News-Wealth-Economic Times https://ift.tt/XFgznw8 via IFTTT

It has been made mandatory for the beneficiaries of the PM Kisan Scheme for e-KYC, linking bank account with Aadhaar and direct benefit transfer to a bank account for the next installment transfer from Personal Finance News-Wealth-Economic Times https://ift.tt/FESiNLC via IFTTT

After the hike, regular depositors can now earn the highest interest rate of up to 7.5%and senior citizens can earn up to 8.25%. from Personal Finance News-Wealth-Economic Times https://ift.tt/GzO12Q7 via IFTTT

According to a ruling made by the Supreme Court in February 2022, an employer is required to cover damages if an employee's Employees' Provident Fund (EPF) contribution is delayed. from Personal Finance News-Wealth-Economic Times https://ift.tt/CvOHNdn via IFTTT

Unity Small Finance Bank offers senior citizens a maximum interest rate of 9.50% per year on fixed deposits held for 1001 days, while regular citizens earn 9.00% per year for the same time frame from Personal Finance News-Wealth-Economic Times https://ift.tt/FDef3ua via IFTTT

As the holiday falls on the third Saturday of the month, February will have three consecutive bank holidays on Saturday from Personal Finance News-Wealth-Economic Times https://ift.tt/rpFz2hK via IFTTT

Kotak Mahindra Bank has revised its Marginal Cost of Funds Based Lending Rate (K-MCLR) across all tenures after the Reserve Bank of India hiked the repo rate by 25 basis points (bps) in its latest monetary policy meeting. from Personal Finance News-Wealth-Economic Times https://ift.tt/oEsSVRC via IFTTT

The Reserve Bank of India (RBI) has recently released the status of the payment aggregators (PAs) operating in the country. All stakeholders are advised to transact with only those existing PAs (a) who have been granted in-principle authorisation or (b) whose application is currently under process, RBI said. So, if you frequently use online transactions for payments, you must know if the payment aggregator has been permitted to operate or not. from Personal Finance News-Wealth-Economic Times https://ift.tt/iovult9 via IFTTT

Bank fixed deposits: Auto-renewal may not be the best option for investors, especially in the current scenario, when the interest rates on deposits are rising. You may be missing out on an opportunity to earn a better interest rate from your fixed deposit if you have opted for auto-renewal now. ET Wealth explains how auto-renewal of FDs works and when you could opt for it and when you could avoid it. from Personal Finance News-Wealth-Economic Times https://ift.tt/LyUnEB3 via IFTTT

Tax saving options for salaried individuals from Personal Finance News-Wealth-Economic Times https://ift.tt/0hLWw9s via IFTTT

The Unique Identification Authority of India (UIDAI) announced that different forms will be used for Aadhaar enrolment and updating of Adult residents (>18 years) and Children (0-5 and 5-18 age groups separately). from Personal Finance News-Wealth-Economic Times https://ift.tt/kFAjvVP via IFTTT