Savings

The percentage of people from these groups expecting a "comfortable" retirement is also greater

What changes: Tax on proceeds from high-value insurance policies, higher tax on debt MFs and more

As the requirement for capital import into India at present is low, the global tornado has modest implications for us

A good financial plan must identify the reasons why a person may run out of money in his lifetime and find a workable solution to it

Most respondents are optimistic they'll move closer to their retirement goal by ending 2023 with a balance of retirement savings higher than it was at the end of 2022

Employees need to weigh the pros and cons before opting for a higher pension; EPFO also needs to clarify how the higher contribution to EPS will be funded

Household savings through tax saving instruments is just Rs 4 lakh crore, which is 16 per cent of total savings, and shifting to new tax regime won't endanger the country's savings rate, Revenue Secretary Sanjay Malhotra said on Friday. He said the total household savings today are 27-30 per cent of India's GDP and the schemes announced in budget, especially for senior citizens and women, will help the country in improving the savings rate. "I would also like to point out that the savings through tax exemptions is actually a very small portion of the total savings of our country, which are about Rs 25 lakh crore for households. Savings through tax (saving) instruments are only Rs 4 lakh crore. You know people are now investing otherwise," Malhotra said at a CII post-budget event. To encourage taxpayers to shift to exemption-less tax regime, the Budget 2023-24 has proposed changes to the new optional tax regime which provides that no tax would be levied on annual income of up to Rs 7

The global savings glut may persist as, despite ageing rapidly, Asia can continue to be a net saver

These tips can help you make and stick to your financial resolutions in 2023

Growth of money kept in current accounts moderated to 8.8% this September, from 17.5% a year ago

However, corporate deposits are generally riskier than those offered by large bans; debt funds offer attractive returns in above 3-year tenure

On this World Thrift Day 2022, we speak with experts on ways a salaried person can increase their savings

As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22

Investors entering the market now can expect above 5% return at low risk, better than parking money into a savings bank account

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances

Investors who want to avoid their long lock-in can choose from a host of other high credit quality options

Earlier on Saturday, the government approved 8.1% rate of interest on EPF deposits for 2021-22, which is an over four-decade low, for about 50 million subscribers of EPFO

A good investment advisor will begin by learning your goals, develop a plan, and manage behaviour to ensure you don't get excessively affected by highs and lows

Tax benefit on WFH expenses, regulatory clarity on cryptos also figure high on their wish list from this Budget