The Central Board of Direct Taxes (CBDT) has announced an extension for resident individuals to file their belated or revised Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. The original deadline of December 31, 2024, has been extended to January 15, 2025. This means individuals who missed the original due date for filing…
3 key EPFO rule changes coming in 2025: The Employees’ Provident Fund Organization (EPFO) has made significant announcements regarding its rules and regulations affecting millions of subscribers. These new retirement fund policies will benefit employees in the public and private sectors. 1)EPFO and ESIC subscribers may soon use claim amounts via e-wallets Subscribers of EPFO…
RBI’s New Year Gift: Starting January 1, 2025, the banking sector will see changes, including new Reserve Bank of India (RBI) guidelines for fixed deposits (FDs) offered by Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). The banking regulator released a regulatory framework for HFCs (Housing finance companies) and NBFCs (Non-banking Finance Companies) in…
Happy New Year 2025: One of the top priorities for many people in 2025 is improving financial health. Here are some resolutions that you can’t afford to miss 1) Savings Set a monthly savings goal and try to stick to it. Define specific, measurable, achievable, relevant, and time-bound goals. Set up automatic monthly transfers from…
In 1980, Central Bank of India launched the first credit card in India, while Andhra Bank rolled out a VISA-branded credit card a year later. So, credit cards have clearly been around us for a long time now. And why not? They enable users to buy merchandise on credit so that we can make the…
If you are planning to raise a personal loan, you must have already decided the amount that you need. This would naturally be based on your requirement. Meanwhile, the rate of interest at which the loan is disbursed is determined by the bank based on your credit score, among other factors. What you – as…
An individual’s credit score is mainly affected by factors like timely EMI and credit card bill payments, credit utilisation ratio, secured and unsecured credit mix, number of credit applications and their frequency, ageing of loans and credit cards, etc. There are a lot of myths and misconceptions about some other factors that some people believe…
“Interesting” election results in three major world powers. Continued economic uncertainty in another one. And continued geopolitical tensions in yet another. To cut rates or not, the constant question. The threat and opportunities posed by the two letters, AI. In all this, 13%+ returns on the NIFTY 100 and 24%+ on the mid-cap index. Sitting at…
Personal loans have become a popular choice amongst people who are looking for quick cash to cover their expenses or if they need some financial assistance for an upcoming event or a luxurious vacation. However, borrowing loans are not just credit but are also a reflection of your lifestyle and your psychological behaviour. Whenever you…
Bhabishyatcredit card is an initiative by the government of West Bengal, which aims to fund micro and small enterprises (MSEs) towards the upgrading of their operational functions. This credit card has been launched with the collaboration of the Department of MSME & Textiles to help the entrepreneurs in getting easy credit access. Let us discuss…
