Growing consumer demand and better economic prospects have made the last couple of years conducive for startups to go public and raise funds from the capital markets. During the first nine months of 2021 alone, a staggering $9.7 billion was drawn-in via initial public offers (IPOs). India, in fact, is slated to emerge as one of the top IPO destinations in terms of proceeds, as per a report on global IPO activity by EY released on October 10, 2021. Driven by liquidity and bullish sentiment, scores of investors are looking at IPOs as an opportunity to make quick listing gains.…
Author: Miley Selena
The deadline to file your income tax return (ITR) for FY 2020-21 is fast-approaching (i.e., December 31, 2021). If you are someone who hasn’t filed their ITR yet, and have been putting it aside for a later date because you have forgotten your password, then here are simple steps to follow to reset your password, according to the income tax website. You can reset the password of your income tax portal profile using these three routes: 1) OTP on mobile number registered with Aadhaar 2) Upload Digital Signature Certificate 3) Use e-filing OTP How to reset password using Aadhaar OTP…
Are you letting your assets financially help you? Read more: EconomicTimes
The Pension Fund Regulatory and Development Authority (PFRDA) has revised the charges for making initial and subsequent contributions to NPS accounts via point of presence (POPs) outlets. “Within the existing initial/subsequent contribution charges of up to 0.25% of contribution amount, the minimum fee/charge shall not be less than Rs 20/- per subscriber, per contribution for initial as well as for subsequent transactions. This fee/charge of Rs 20/- per subscriber, per transaction shall be non-negotiable and the maximum fee/charge would be 0.25% of contribution amount subject to an upper cap of Rs 25,000,” as per a PFRDA circular issued on December…
If you aren’t using your State Bank of India (SBI) savings, salary, or current account, it’s better to close it than to keep it open and pay all the fees. In addition, if you do not use your account for more than the specified number of years, it may become dormant or inactive. This is done by the bank to avoid any illegal or unsupervised activities in the account. While there is no harm in maintaining multiple accounts, one should exercise extreme caution because negligence can result in losses. Do keep in mind that you will have to pay all…
A personal loan is an unsecured loan provided by a bank or other financial institution. Personal loan interest rates are among the highest, therefore, it’s best to borrow from a lender that offers lower rates and shorter terms. Do keep in mind that banks give lower interest rates to those borrowers with high credit scores. Personal loan interest rates vary from bank to bank. For instance, IDBI Bank personal loan interest rates start from 8.15% and go up to 14%; these come with a tenure of 12-60 months and for amount between Rs 25,000 and Rs 5 lakh. The State…
It is important for Employees’ Provident Fund (EPF) account holders to nominate someone in their account so that in the event of their death the nominee can easily claim the money. There can be circumstances when the names nominated initially might have to be changed. For this, EPF members can change EPF nominations online. To do this, an EPF member need not request his/her employer, instead they can change the nominations for their EPF online using the EPFO UAN portal. Also read: How to make nomination online in your EPF account In India, the employee provident fund is a mandatory…
The Life Insurance Corporation of India (LIC) has launched a new savings insurance policy called Dhan Rekha with effect from December 13, 2021. According to a press release issued by LIC on December 13, this is a non-linked, non-participating, individual savings life insurance plan. “The product has various benefits and unique features. There are special premium rates for female Lives. Plan is allowed to Third Gender. All Benefits under the plan are fully Guaranteed,” stated the release. According to the press release by LIC, the Dhan Rekha plan pays a percentage of the basic sum assured as a survival benefit…
If you are an income tax filer, then it is important that all your personal details on the tax filing portal are up-to-date. You might have changed your name, address, mobile number and so on. You need to update these details to make sure that important tax-related communication reaches you on time. According to the government’s new income tax website, all registered users of the e-filing site can access their account after logging in to view and modify/update their profile information. How to login into new income tax portal? How to register yourself on the new income tax portal for…
10 reasons why your CV keeps getting rejected Read more: EconomicTimes