'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'
Even the conventional banking industry is no exception to this new trend.
The charges would apply to savings as well as salary accounts
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
As the name suggests these bank accounts are flexible in the sense they give you the higher interest of a fixed deposit and the liquidity of a savings account.
Filing your tax returns may seem like a lot of paperwork, but it is swift and smooth once you start with a clear plan, says Anil Rego.
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Indian households put bulk of savings in bank deposits and insurance; the returns are minimal. If you're part of this, change.
In this interview with Rediff.com's Shobha Warrier, Ashok Kumar E R, the CEO and co-founder of Scripbox shares some more interesting observations about the way Indian women make financial decisions and offers advice on how, with the apt guidance and information, they could do a lot better.
The overdraft facility has been sanctioned in only 40,000 accounts
'Housewives depositing cash up to a limit of Rs 250,000 need not worry.' 'It is understood that in India housewives save money which they get from their husbands for household expenses.' 'The intent of the government is not to question them.'
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
For people at the bottom of the pyramid, which I would rather address as mass market or emerging class; the primary challenge in accessing banking services are not just affordability but applicability and accessibility of services.
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SBI will hold 30 per cent in RIL joint venture
'Use this money to build an emergency fund if you do not have one.'
The new tax rates will come into effect from January 1, 2019.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
RBI had received 72 applications for small finance bank licences.
Spending money to make this day special is the easiest way out, but also very predictable and boring. Some creative thinking and you can indeed spend less money and have more fun!
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
South leads; North-East at bottom but moves ahead, finds out the IndiaSpend Team
You cannot manage the risk in your portfolio if you have no idea how to recognise it.
Sandeep Shanbhag offers tips on post Budget taxation rates.
New ITR form may be simpler, but some changes could stump you.
With a strong plan in mind, Public Provident Fund can become an important and strong part of your investment, says Naval Goel.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
Five simple tips to help the youth kick-start their financial education
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
