People are increasingly being drawn to trusty small savings instruments
The receipts have risen after falling for two successive years. Within the gainers among the small savings schemes, the maximum increase was seen in the case of post bank deposits, which had bucked the trend in earlier years as well. During 2008-09, the total receipts were estimated to have increased by 21.65 per cent to Rs 52,513 crore, as against Rs 43,165 crore. The outstanding under the scheme rose 12.27 per cent to Rs 22,217 crore.
Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Reels often induce the FOMO-'Act now!' mentality. But sound investing is about consistency, diversification and a long-term horizon.
The net inflow into equity mutual funds surged 24 per cent to Rs 23,587 crore in June, reversing the declining trend of the last five months, driven by strong equity market performance across segments, data released by the Association of Mutual Funds in India (AMFI) showed on Wednesday. Also, the latest fund infusion by investors marks the 52nd consecutive month of net inflows into the segment.
While demand for sub Rs 50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
A N Shanbhag examines various proposals of Budget 2003 which are of interest to individual assessees.
'Revolving credit without full repayment causes interest to outpace repayment capacity, and leads to financial distress.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
The world's largest postal service is stepping in to help deliver lifesaving medicines during a countrywide lockdown aimed at tackling the coronavirus pandemic.
Bank employees want a five day work week.
With the RBI infusing Rs 7.5 lakh crore in liquidity -- and possibly more in the future -- the short- to medium-term corporate bond market is expected to benefit.
Even if interest rates go down, they may continue to offer better returns than fixed deposits.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
'Accidents are unpredictable, whether it's a mishap during Diwali, a fracture during travel, or a fall in the bathroom.'
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
rediffGURU Mahesh Padmanabhan answers readers' personal income tax queries.
The finance ministry has initiated an internal survey of the faceless regime to examine its effectiveness.
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Self-employed individuals often face hurdles in buying term insurance due to financial documentation that doesn't fully reflect their earnings. This complicates underwriting.
'Expect India to keep doing well irrespective of geopolitics.'
While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.
HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
You can build your own retirement savings portfolio by investing in equity, hybrid and/or debt funds. Alternatively, you can also invest in retirement funds which provide asset allocation solutions for different investment needs and risk appetites, says Dwaipayan Bose
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Justice Khanna, who will serve as CJI for a little over six months, will demit office on May 13, 2025.
The Shivraj Singh Chouhan government in Madhya Pradesh will be taking some senior citizens in the state on free pilgrimages by air under its existing scheme and the exercise will start from May 21, months before the assembly polls in the Bharatiya Janata Party-ruled state.
Getting locked into instruments before the new regime kicks in would be a good strategy.
In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them closer to market rates.
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances