The Senior Citizen’s Savings Scheme (SCSS) has undergone significant refinements with the government’s recent notification on November 7, 2023. These changes, designed to make the scheme more flexible and beneficial for participants, cover various aspects of eligibility, investment rules, premature withdrawals, and more. Let’s explore each modification in detail: What are the Changes Made to…
No Claim Bonus (NCB) is a significant cost-saving feature in the world of car insurance. It rewards policyholders for safe and responsible driving by reducing their insurance premiums when they do not raise any claims during consecutive policy years. NCB can accumulate over time, providing substantial discounts of up to 50% on insurance premiums. In…
The festive season in India is a time of joy, celebration, and an opportunity to bring home that long-cherished dream car. Diwali and Dhanteras, in particular, witness a surge in big-ticket purchases like cars, thanks to the attractive offers presented by both banks and non-banking finance companies (NBFCs). These offers often include lower interest rates…
Gold loans have emerged as a popular and convenient financial solution for individuals in need of quick cash to meet their short-term needs. In 2024, the market for gold loans is booming, with various banks and financial institutions vying to provide the most attractive interest rates and repayment terms. In this article, we will explore…
Mirae Asset Mutual Fund, a renowned player in the mutual fund industry, is set to make changes that will impact the names of seven of its schemes. These changes come as part of a broader effort to align scheme names with their respective scheme categories, as per guidelines laid out by the Sebi (Securities and…
In recent years, digital gold has emerged as a popular and convenient way for Indians to invest in this precious metal, especially during festive seasons like Diwali, Dhanteras, and Akshaya Tritiya. While digital gold offers numerous benefits, such as safety and ease of buying and selling, not everyone in India is eligible to purchase it….
Investing in government securities in India has become incredibly convenient for non-resident Indians (NRIs) due to the introduction of the Reserve Bank of India’s (RBI) retail direct platform. This platform, which was launched two years ago, offers a range of benefits including zero brokerage charges, commissions, annual maintenance fees, and account opening fees. NRIs can…
If you are a pensioner living abroad or a Non-Resident Indian (NRI), don’t worry! Submitting your annual life certificate is a simple and necessary step to keep receiving your pensions from the Indian government. This ensures that the pension system runs smoothly and that payments are made to those who are eligible. In this article,…
The Reserve Bank of India (RBI) has made an important decision to withdraw 2000 denomination banknotes from circulation. This move marks a significant change in the Indian banking landscape, which means that individuals and entities need to go through a structured transition. To make this transition as easy as possible, the RBI has introduced a…
ICICI Bank, one of India’s leading financial institutions, has recently introduced an exciting new way for its customers to conveniently make payments using their smartphones. By integrating their digital rupee (e) app, aptly named “Digital Rupee by ICICI Bank,” customers can now effortlessly make quick and hassle-free payments to merchants by simply scanning QR codes….