Financial Savings

How inadequate savings could jeopardise women's retirement planning

Not allocating adequately to equities, which can potentially beat inflation, is another error they must avoid

Most Indians see families' financial security top life goal: Survey

Career, travelling abroad and caring for ageing parents other important goals

FM announces savings scheme for women with 7.5% interest rate for 2 years

Union Finance Minister Nirmala Sitharaman Wednesday announced a 'Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years. The deposit can be made in the name of a woman or a girl child. The maximum deposit amount has been kept at Rs 2 lakh and the scheme will have a partial withdrawal facility as well. "One-time new small saving under 'Mahila Samman Saving Patra'. The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 per cent," Sitharaman announced. She also said that for the economic empowerment of women under the Deendayal Antyodaya Yojana National Rural Livelihood Mission, 81 lakh self-help groups have been created by mobilising rural women. "We will enable these groups to reach the next stage of economic empowerment through the formation of large producer enterprises or collectives with each having several thousand members," she said. Financial assistance of more than Rs 2.25 lakh crore

At 4% of GDP, household financial savings touch 30-year low; consumption up

In FY22, savings stood at 7.3 per cent. This fall in savings indicates an increase in consumption

Learn to draw lessons from mistakes, then share them

Rick talks about clients relating to him better because he had the courage to display his vulnerability and talk about the lessons learnt from his mistakes

Negative interest rate and financial repression

Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

EPF interest rate cut to 8.1%: Guide to calculating PF and interest earned

The EPFO decides the rate of interest for the EPF scheme on a yearly basis. The rate of interest is dependent on the market conditions and is vetted by the finance ministry. Here's how to calculate it

Finance ministry asks ministries to surrender savings by March 21

The finance ministry has asked departments and ministries to surrender savings, if any, for the current financial year 2021-22 by March 21.

A guide can make your financial journey easier

A professional consultant can help you choose investments and risk-mitigation measures, and implement them.

Avoid locking into corporate FDs of longer tenures, say analysts

Deterioration risk in credit profile increases, and better rates may become available a year later

Give necessary standing instructions for renewal of your FD, say analysts

Inform your heirs about deposits and whereabouts of related documents so that they can make a claim

A diversified portfolio could be best bet against steep inflation: Experts

Inflation has breached the upper limit of the Reserve Bank of India's tolerance band at a time when the economy is growing below its potential

Almost 92% casual workers didn't get wages during lockdown: SWAN survey

The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them

Pandemic has household savings jumping to 22.5% of GDP: Report

This was driven by the national lockdown last year

Interest on EPF taxable, partial withdrawal not allowed after retirement

Subscribers can withdraw the entire EPF corpus when they retire or when they have been unemployed for over two months

Multiple benefits of deferred annuities: How you can choose the right one

Savvy investors can expect to earn better returns by investing in alternatives

Due diligence failure facilitated fraud

In a case of fraud, the National Commission found that a postal department had handed over a cheque meant for a couple to another person without an authorisation letter

Don't withdraw from the NPS corpus unless you are facing an emergency

While new online facility will make part withdrawal convenient, subscribers must exercise restraint

This is not the time to lock yourself into long-term fixed deposits

If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns