The RBI has been reducing its benchmark repo rate for the last few quarters. The repo rate was cut by 115 basis points between March and May 2020, to support the economy in light of the coronavirus induced slowdown. As a result, banks also have had to reduce their lending and deposit rates to adjust […]
Archives for July 2020
How to register LIC NEFT Mandate online? | New Provision
LIC had been issuing Cheques for settling insurance claims and also for making maturity/ other benefits payments until 2011. Since 2012, LIC has made it mandatory for the policy holder to submit ‘NEFT Mandate form’ to receive any type of payments from the insurer. Until recently, Customers or policy holders can submit the details of […]
Latest TDS Rates FY 2020-21 | TDS Rate Table for AY 2021-22
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc., The providers of these incomes (like your company / bank) can deduct a certain percentage of income as TDS (Tax Deducted at source) based on certain […]
Corona Kavach & Corona Rakshak Health Insurance Plans | Details & Review
In view of the global pandemic Covid 19, the IRDA had earlier mandated all Insurance companies to come up with a Covid Standard Health Insurance Policy. As per the IRDA directives – Life, non-life and standalone health insurers are going to offer short term health insurance policies, especially dedicated to covering the treatment cost of […]
Are you Saving for your Cash, Care & Crash Funds?
A financial plan is a road-map to achieve your life’s financial goals. These goals can be planned ones like – your retirement goal, Kid’s education goal, vacation planning, purchase of house etc., All of us do try to save and invest in one way or the other for these planned goals. But, Life is full of If’s and But’s. Not […]
AY 2020-21 Income Tax Deadlines you must know about!
The Income Tax (IT) department has recently revised the AY 2020-21 Income Tax deadlines (due dates) for filing tax returns, making tax-saving investments and Aadhaar-PAN linking. This is the third round of extensions announced to alleviate COVID-19 lockdown-induced hardships. AY 2020-21 Income Tax Deadlines Let’s go through the all important tax deadline extensions you must […]
