The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
You may not know that nearly every year a handful of asteroids skim past Earth at distances that are startlingly close in astronomical terms.
Loan against fixed deposit is cheaper and comes with fewer charges.
'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'
rediffGURU T S Khurana answers readers' personal income tax queries.
'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'
The Jharkhand Criminal Investigation Department (CID) has arrested another person in connection with the alleged Hazaribag treasury scam, bringing the total number of arrests to six. The investigation, ordered by the Jharkhand government, focuses on the illegal withdrawal of money from the Hazaribagh Treasury. A Special Investigation Team (SIT) has been formed to handle the case.
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rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
Fixed deposits from nationalised banks delivered higher returns than equities, outperforming both inflation and stock market benchmarks.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
A Delhi court has convicted Congress MLA Rajendra Bharti and a former bank employee in a case involving cheating and forgery of bank records to illegally obtain interest payments.
Madhya Pradesh Congress MLA Rajendra Bharti has been disqualified from the state legislative assembly after being convicted in a bank fraud case involving the tampering of bank records. The disqualification has sparked a political row, with the Congress party alleging a violation of democratic process.
Madhya Pradesh Congress MLA Rajendra Bharti has been disqualified from the state legislative assembly after being convicted in a bank fraud case involving the tampering of bank records to secure illegal interest payments.
A Delhi court has convicted Congress MLA Rajendra Bharti in a cheating case involving forgery of bank documents and conspiracy to defraud a bank.
rediffGURU T S Khurana answers readers' personal income tax queries.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Madhya Pradesh Congress MLA Rajendra Bharti has challenged his conviction and three-year jail sentence in a cheating case involving forged bank records. The Delhi High Court has issued a notice to the prosecution and scheduled a hearing for April 15.
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Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The systematic withdrawal plan stands out as a superior option, providing steady income despite market fluctuations and inflation, says Ramalingam Kalirajan.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
FC Goa defeated Sporting Club Delhi 1-0 in the Indian Super League, with Dejan Drazic scoring the decisive goal. FC Goa climbed to the top of the table with the win.
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Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.
Do not keep a large portion of your long-term portfolio in FDs.
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Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Though some ingredients such as mild odours or silicones might not be actually harmful, others such as sulphates, parabens or formaldehyde releasers can result in skin irritation, hormonal imbalances and skin barrier damage, advises Dr Ameesha Mahajan.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The Telangana Cyber Security Bureau (TGCSB) foiled a digital arrest extortion attempt, rescuing an 80-year-old doctor and his family from cyber fraudsters posing as CBI officials.
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The fear of losing purchasing power due to inflation and low-interest rates has led many to explore safe alternatives to fixed deposits with high returns
