SPECIAL FIXED DEPOSIT SCHEMES
HDFC Bank cuts lending rates on select tenures by up to 5 bps: Check how it can impact your loan EMI
HDFC Bank announces a reduction in its Marginal Cost of Funds-based Lending Rates. This move will benefit borrowers with loans linked to MCLR. The bank has lowered MCLR by up to 5 basis points on select tenures. New MCLR rates now range from 8.55% to 8.75%, varying by loan duration.
Sold your house property or land? These nine sections in Income Tax law can help save capital gains tax
Indians can save capital gains tax on property sales. The Income Tax Act offers nine sections for tax reduction or zero tax. Sections cover residential, industrial, agricultural land sales. Investment in new properties or bonds provides exemptions. Relocation of industrial units to specific zones also offers tax benefits. Investing in eligible startups can reduce tax burden.
SCSS vs Bank FD: Which investment scheme is offering 8.2% interest rate to senior citizens?
With falling FD interest rates, senior citizens are seeking better investment options. The Senior Citizen Savings Scheme (SCSS), a government-backed scheme, offers a higher interest rate of 8.2% compared to many leading bank FDs. SCSS has a five-year term, tax benefits under Section 80C, and a maximum investment limit of Rs 30 lakh, making it an attractive alternative.
Banks, fintechs push FD-tied credit cards, slash limit to secure more users
Banks and fintechs in India are offering low-limit secured credit cards, backed by fixed deposits, to expand access to formal credit. With limits starting as low as Rs 90, these cards help users build credit scores safely, especially amid tighter lending norms and rising non-performing assets (NPAs) in unsecured credit.
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FDs fuel plastic dreams; PhysicsWallah revises DRHP
Happy Monday! Banks and fintechs launch low-limit secured credit cards to grow users. This and more in today's ETtech Morning Dispatch.
SM REITs: Minimum investment, benefits, risks, challenges, other factors to know about Small and Medium Real Estate Investment Trusts before investing
SEBI has introduced Small and Medium Real Estate Investment Trusts (SM REITs), targeting properties valued between Rs.50 crore and Rs.500 crore. This initiative aims to broaden investor access to real estate by enabling fractional ownership through regulated schemes. These investment instruments allow multiple investors to pool funds and co-own property, lowering the barrier for entry. SM REITs require a minimum investment of Rs 10 lakh.
With just 35,000 subscribers, govt pins hopes on new pension rules
The Indian government is intensifying efforts to promote its Unified Pension Scheme (UPS) among central government employees, aiming to increase enrollment before the September 30 deadline. Recent revisions to the UPS rules, including reduced service requirements for full pension benefits and enhanced family financial security, are intended to address previous concerns and boost adoption.
How to file ITR if you have sold house or land in FY 2024-25
For AY 2025-26, individuals and HUFs selling property can save on capital gains by reinvesting in another property under Section 54/54F. Choosing the correct ITR form, like ITR-2 or ITR-3, is crucial. Depositing unutilized gains in the CGAS before filing the ITR is essential to avoid taxation. Taxpayers must report sale details and claim exemptions accurately in Schedule CG.
Hollow Knight: Silksong Launch Crash Error Fix: What is Steam E502 L3 error? How to solve issues on Steam, Xbox, PlayStation, Nintendo Switch consoles and PC
Hollow Knight: Silksong launch crash error fix guide explains solutions for Steam crashes, E502 L3 server overload and other platform errors. Learn how to verify files, update drivers and troubleshoot issues.
Free ex-servicemen medicare scheme extended to cadets injured during training: Centre tells SC
The Central government has informed the Supreme Court about extending health benefits to military cadets injured during training. These cadets can now access the Ex-Servicemen Contributory Health Scheme without paying a fee. They will also receive monetary compensation, including payments to families in case of death.
I have a retirement corpus of Rs 65 lakh. How can I invest it for a regular income?
I am retiring at 60 with a corpus of Rs 65 lakh, which includes my retirement benefits and other savings. My monthly household expenses are approximately Rs 35,000. How can I invest this amount to ensure a regular income?
Insurers grab chunk of secured personal loans biz, rival banks
Insurance companies are increasingly competing with banks by offering secured personal loans to policyholders, totaling ₹1.35 lakh crore, comparable to bank loans against fixed deposits. These short-term loans, with rates from 8.50% to 10.5%, allow policyholders to access funds without surrendering their policies.
How to pay zero or lower income tax on your residential property sale using Sections 54 and 54F
Indian income tax laws offer exemptions on long-term capital gains (LTCG) from selling residential property and land. Sections 54 and 54F of the Income Tax Act allow individuals and HUFs to avoid LTCG tax by reinvesting the gains into a new residential property, subject to specific conditions and timelines for purchase or construction.
Rs 2 crore savings for Rs 1 crore home: Buy in cash or take loan? Young investor's dilemma sparks hot debate
A 28-year-old investor with Rs 2 crore in savings sparked an online debate after seeking advice on whether to buy a Rs 1 crore home outright or take a home loan while investing the remaining funds. The discussion, shared on Reddit, drew varied opinions—from paying cash for debt-free ownership to leveraging a loan for investment growth. Experts and community members highlighted the trade-off between financial security and liquidity.
These 9 banking stocks can give up to 32% returns in 1 year, according to analysts
When it comes to banking sector stocks, learn to deal with two opposite views on the street. Over the next few months, you will hear news of how bank margins have come under pressure. Ignore those headlines, Why? The fact is that, whenever the interest rate cycle turns down, there is a phase when banks see some margin compression. So it is a cyclical phenomenon, and does not change the macro story about why banks should be a part of your portfolio. And the macro story is that banks are the best play when it comes to the growth of the Indian economy.
Bengaluru proofreader, a class 10 passout, builds ₹1 crore corpus, now earns ₹60K a month without working
A Bengaluru proofreader's retirement story inspires many. He accumulated over ₹1 crore in 25 years through consistent savings. He lives debt-free and maintains a simple lifestyle. His investments generate a monthly passive income. He credits his success to frugality and discipline. He believes patience is essential for building wealth. His story highlights the power of long-term financial planning.
I am an NRI. How can I take money out of India after selling inherited property and shares with minimum taxes?
I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violating Foreign Exchange Management ACT (FEMA) rules?
Gold vs Nifty 50 vs FD: Which has given highest return on Rs 1 lakh investment in 10 years?
Over the past decade, the Nifty TRI index has outperformed other investment options, delivering the highest return, closely followed by gold. SBI's 10-year fixed deposits scheme lagged behind at No. 3 position. While historical data provides important insights, future performance of the same asset class may vary, emphasising the importance of diversified investment strategies.
Equity mutual fund inflows surge 81% to Rs 42,673 crore in July: ICRA Analytics
Equity mutual funds witnessed a significant surge in inflows, jumping 81.06% month-on-month to ₹42,673 crore in July 2025, driven by retail investors seeking long-term wealth creation. Sectoral and thematic funds led the way, followed by flexi-cap and small-cap funds, reflecting optimism in India's economic trajectory. SIPs and improved financial literacy have helped investors navigate market volatility more rationally.
ITR Filing, UPS deadline, SBI credit card changes, Registered Post merger and more: Deadlines & key watchouts in September 2025
September 2025 brings key financial changes, including India Post merging Registered Post with Speed Post and revisions to SBI credit card rewards. Special FD schemes from Indian Bank and IDBI Bank are ending, while the ITR filing deadline for certain taxpayers is extended to September 15th. Central government employees have until September 30th to switch from NPS to UPS.
Can SWPs be the key to a secure retirement income?
Wealth planners are promoting Systematic Withdrawal Plans or SWPs. It is a tax-efficient method to withdraw from mutual funds. SWP offers a steady income stream, unlike fixed deposits. Investors can withdraw a fixed amount regularly. A withdrawal rate of 3.5% to 4% annually is advisable. Market performance impacts SWP success. A prolonged market downturn can deplete the corpus faster.
Govt bonds on investor radar again as yields surge, FDs lag
Rising bond yields have created an attractive entry point for long-term investors, surpassing bank fixed deposit rates. Experts suggest that current yields, particularly on the long end, offer a strong investment opportunity, especially on a post-tax basis. State Development Loan yields have also increased, presenting a compelling alternative for retail investors seeking stable and higher income with quasi-sovereign safety.
Banks told to fix PM-Kisan glitches
The government is pushing banks to reduce failed transactions under the PM-Kisan scheme due to issues like unmapped Aadhaar numbers and pending KYC. Banks are directed to undertake state-level campaigns for corrective actions. Launched in 2019, PM-Kisan provides ₹6,000 annually to farmers, with over ₹3.90 lakh crore disbursed so far.
Special FD deadlines: Indian Bank, IDBI Bank FDs offering up to 7.45% rate are open only until this date
Several banks are running special fixed deposit schemes. These include Indian Bank, IDBI Bank and State Bank of India. These FDs offer attractive interest rates for limited periods. Indian Bank's Ind Secure and Ind Green schemes have a September deadline. IDBI Bank's Utsav Callable FD also has a September deadline. SBI's Amrit Vrishti FD deadline is extended.
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