Stamp duty is a tax collected by state governments. It will be applicable whenever you purchase fresh MF units, be it via lumpsum or the SIP route. It will not be applicable on redeeming MF units. Hence, it is a tax on the buyer, not the seller

Loans against MF being secured loans have much lower interest rate than personal loans. You can get a loan typically upto 50% of the market value of your investment

If you do not take timely action to save this TDS deduction you will have to wait for more than a year to file your ITR next year and then wait for few more months to get the refund

Bharat Bond ETFs are an opportunity to invest in AAA-rated PSUs at low cost with predictable returns and equities-like liquidity

If you have already made enough tax-saving investments or have exhausted your Section 80C limit, you can opt to claim deductions on tax-saving investments that you are going to make (during this extended period to make tax-saving investments for FY20) in FY21

We often hear people say life insurance is a must for every earning person. However, no one rule applies to all. It is not uncommon for a working married couple to not have kids or their parents having their own pensions

The personal loans declined by Rs 62,861 crore, or 2.5 per cent, from an outstanding of Rs 25.53 lakh crore on March 27 to Rs 24.9 lakh crore on April 24, 2020

Most commercial banks offer auto-sweep facilities on the SB account in which an auto sweep FD gets linked to your SB account and whatever excess amount you have in the account gets transferred automatically through a sweep out process to book an FD

IOB slashed the interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors

While some borrowers get benefits of repo rate cuts quickly, others have to wait longer depending upon the tenure and regime of their loan

PM Vaya Vandana Yojana pension scheme is offered by Life Insurance Corporation and comes with a lock-in period of 10 years. It gives you an assured annual return of 7.66 per cent per annum

ICICI Bank is offering an interest rate of 6.55% to senior citizens when compared to 5.75% it offers to general public. HDFC Bank is giving additional 0.75% to senior citizens and offering FDs at 6.5%

The one-year MCLR, to which a majority of loans such as residential mortgages and auto loans are tied now stands at 7.70 per cent

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI

The new rates on retail term deposits are applicable from May 27, according to data available on the bank's website

The SBI was the first bank to announce a special FD scheme for senior citizens called SBI 'WECARE'. Similarly, HDFC Bank as well as ICICI Bank Bank have also come up with --HDFC Senior Citizen Care FD, and ICICI Bank Golden Years, respectively

The repo rate cut is good news for home loan, car loan or other borrowers who would soon see their EMI burden ease off

If the banks pass on the benefit and slash the marginal cost of funds based lending rates (MCLR), it may have a direct impact on the amount of equated monthly installment (EMI) customers pay for their loans

If you are a risk averse investor looking to park your surplus cash in FDs, but disappointed with low interest rates that public sector banks are offering, you must know there are ways to earn decent returns

The customers will now get 5.25 per cent interest on deposits up to one year, while those above one year will earn 5.7 per cent to 5.75 per cent