The ERD's analysis of the bank deposit base shows that in terms of the number of accounts, 67% of the total accounts are less than Rs 1 lakh while 99% of the accounts are less than Rs 15 lakh. \"This shows that a number of small depositors are adequately covered under the draft bill,\" said the report.

IT professional Ashutosh Kumar Mishra and his wife are newlyweds with big dreams and cash flow constraints. They should now focus on must-reach goals, says Cheif Financial Planner Pankaaj Maalde

The much-hyped official launch of the Paytm Payments Bank yesterday has put the spotlight back on payments banks (PBs), the new bank model visualised by the Reserve Bank of India back in 2013-14.

The account holders of Paytm Payments Bank can also ask for a physical Rupay card, which will cost Rs 100 with additional delivery charges.

Many of the recent initial public offerings were aimed at providing earlier investors an exit route rather than capital formation.

Cutting down on expenses, planning for contingency and investing for future goals are the way to go for Harish Chandra and his family, says Chief Financial Planner - Pankaaj Maalde

Loan to value (LTV) ratio is a number that compares the size of a loan to the value of the property against which the loan has been taken.

A classic nuclear Indian family of mother, father and 23-year-old son with higher education, foreign trip and son's marriage on the cards. They need a tailor-made plan for a secure financial future, says financial planner Pankaaj Maalde

With little clarity on the way interest rates are headed, we tell you how you can make money from fixed-income instruments.

Finance Minister Arun Jaitley on Wednesday presented Union Budget 2017-18 in Lok Sabha. 

After paying tribute to the parliamentarian and former Union minister E Ahamed, finance minister Arun Jaitley tables the Union Budget 2017 as scheduled. Catch all the live updates here.

There has been afour-fold jump in the regular \"suspicious transaction reports'' from banks andthese are now being closely examined.

PSBs will require much more capital than allocated by the government for the next two years.

Due to the brunt of demonetization on the common man and the hardships faced during the last few months, the government has hinted at raising the income tax slabs, thereby lowering the tax burden on taxpayers on account of higher revenue being collected on account of cashless systems.

This year budget would likely be announced on Feb 01, 2017 and we can hope that government could reduce the burden of tax on the common man by giving other income tax deductions.

Indian banks are battling numerous challenges, including digitisation, deteriorating asset quality, disruption from new financial sector players and, now, demonetisation. The 21st edition of the BT-KPMG Best Banks study identifies banks that have flourished despite the odds and raises a toast to those that are the best in class.

In order to encourage digital transactions, the Finance Ministry today asked PSU banks to restrict fees on payments through IMPS and UPI to the extent that is applicable for NEFT fund transfer of over Rs 1,000.

Post demonetisation, flush with liquidity, banks have slashed their deposit rates. This is bad news for investors especially retirees who rely on interest on bank fixed deposits for regular income.

By delaying investments and policies, people in their 20s lose out on many advantages including better premium rates and tax exemptions.

HDFC Bank on Tuesday reported a 20.4 per cent increase in its net profit at Rs 3,455.3 crore for the September quarter on a faster rise in retail assets that led to a robust growth in core interest income.