Personal Finance & Wealth
Latest coverage and real-time analytical updates in Personal Finance.
The RBI has consolidated domestic money transfer rules, retaining existing limits of ₹5,000 per tra
The RBI has consolidated domestic money transfer rules, retaining existing limits of ₹5,000 per transaction through BCs/ATMs and ₹10,000 for cash payouts. Here's how much you can send or receive, what KYC rules apply, and whether banks can charge y
The Post office time deposit offers assured returns, with different interest rates across tenures. C
The Post office time deposit offers assured returns, with different interest rates across tenures. Check how much you can earn on a one-time investment of ₹1 lakh.
When a fixed deposit matures, the bank repays or renews it according to the depositor’s instructions
When a fixed deposit matures, the bank repays or renews it according to the depositor’s instructions. Here's whether you can reverse the auto-renewal after it happens.
Equity Mutual Fund Inflows Drop 14% in October, Small‑ and Mid‑Cap Funds Lose Ground
In October, equity mutual fund inflows fell 14% to ₹32,994 crore, driven by a decline in small‑ and mid‑cap investments, while large‑cap funds attracted more money. The shift reflects changing investor sentiment amid market volatility.
The Cabinet has extended the Stand-Up India scheme, a government-backed credit initiative aimed at e
The Cabinet has extended the Stand-Up India scheme, a government-backed credit initiative aimed at encouraging entrepreneurship among women and SC/ST communities by facilitating bank loans to set up new businesses. Check the benefits and more.
HDFC Bank Raises MCLR by 5–15 Basis Points Across All Tenures, Effective Nov 7
HDFC Bank has increased its Marginal Cost of Funds based Lending Rate (MCLR) by 5 to 15 basis points for all seven loan tenures, effective 7 November. The move will affect interest costs for borrowers and reflects the bank’s response to market conditions.
In Govindasamy's case, the Commission found that Tata AIG had failed to produce sufficiently reliabl
In Govindasamy's case, the Commission found that Tata AIG had failed to produce sufficiently reliable evidence to establish the alcohol-consumption condition.
Experts Advise Five Money Moves to Re‑balance Finances After Diwali
With Diwali celebrations behind them, Indian households are urged to review their spending and realign financial priorities. Experts recommend five key money moves to help families get back on track before 2027.
Supreme Court rules 500‑gram gold limit for married women not proof of source in disproportionate‑assets cases
In a recent judgment, the Supreme Court held that the statutory 500‑gram gold limit for married women cannot by itself be used to infer the source of jewellery in disproportionate‑assets investigations, affecting household asset disclosures, seizure safeguards and documentation practices.
American Express to Restore Lost Membership Rewards Points After Customer Complaints
American Express confirmed it will restore thousands of lost membership rewards points after customers reported negative balances and missing points. The company has not yet explained how the deductions were calculated.
Urban Indian Couples Turn to Wedding Registries to Fund Home Set‑ups and Honeymoons
In cities across India, couples are increasingly using wedding registries not just to list gifts but to gather money for home furnishings, honeymoon trips and other financial goals, reducing duplicate presents and easing post‑wedding expenses.
Gold and Silver Prices Rise on 11 November Across India
Gold and silver prices climbed on 11 November, with gains seen in both international and domestic markets. Retail rates for 24K and 22K gold and 999 silver were tracked in Delhi, Mumbai, Kolkata and other major cities, alongside global and MCX price movements.
8th Pay Commission deadline set for May 2027; revised salaries could take effect from Jan 2026
The 8th Pay Commission must submit its recommendations by May 2027. While the exact rollout date for revised central government salaries remains unclear, officials hint at a possible 1 January 2026 effective date and a fitment‑factor based increase.
Electronic Gold Receipts Enable Digital Gold Ownership for Indian Investors
Electronic gold receipts (EGR) let Indian investors hold gold digitally while the metal is kept in SEBI‑approved vaults. The scheme offers a secure, liquid alternative to physical gold, and units can be bought online through authorised platforms.
Brother’s ₹5 lakh gift to sister remains tax‑free, but cash‑transaction rules still apply
A cash gift of up to ₹5 lakh from a brother to his sister is exempt from income‑tax under the Income‑Tax Act, 2025. However, the transfer must comply with existing cash‑transaction limits, requiring either bank transfers or adherence to reporting thresholds.
Air Force Tribunal’s Chandigarh Bench grants pension to Wing Commander Chandi after revising 2015 ruling
The Chandigarh Bench of the Air Force Tribunal (AFT) has modified its 2015 judgment, ruling that Wing Commander Chandi is entitled to pension and other retirement benefits. The decision reverses an earlier denial and may affect similar service‑person cases.
SIP Outperforms Lump‑Sum in Six of Ten Global Equity Markets Over 30 Years, DSP Mutual Fund Reports
A DSP Mutual Fund analysis of 30‑year returns shows systematic investment plans (SIPs) delivered higher gains than lump‑sum investments in six of the ten major global equity markets studied, with Japan offering the greatest SIP edge and Brazil favouring lump‑sum.
X‑Class City Salaries: Basic Pay ₹29,200 and Annual Earnings Near ₹7.47 Lakh
In X‑class cities, employees receive a basic pay of ₹29,200, with Dearness Allowance, HRA and Transport Allowance forming the monthly gross. The total annual earnings amount to roughly ₹7.47 lakh.
Government Clarifies Pension Commutation Rules for Central Retirees: Five Categories Exempt from Medical Tests
The Indian government has announced that central government retirees can commute their pension without medical tests if they belong to one of five specified categories. All pensioners must meet a one‑year deadline, while others may still need a medical examination.
Banks in Six Indian Cities to Close on Nov 11 for Regional Festivals
On Wednesday, 11 November, banks in Gangtok, Imphal, Kanpur, Kolkata, Lucknow and Shimla will be closed to observe regional festivals. Customers are advised to plan transactions in advance and check alternative banking options.
EPFO shifts 240th CBT meeting to New Delhi amid pension hike speculation
The Employees' Provident Fund Organisation relocated its 240th Committee of the Board meeting from Gujarat to New Delhi on 19 November, following media reports that the minimum Employees' Pension Scheme pension could rise from ₹1,000 to ₹3,000.
EPFO Launches Joint Declaration Facility to Correct EPF Account Errors
The Employees' Provident Fund Organisation (EPFO) has unveiled a Joint Declaration facility that lets members correct personal or employment details in their EPF accounts via the Member Portal. Errors in records can hinder withdrawals, transfers, and claim settlements, making the new tool essential for smooth pension transactions.
American Express India deducts Membership Rewards points from cancelled cards, leaving some users with negative balances
American Express India has taken Membership Rewards points from accounts linked to cards that were cancelled, resulting in negative point balances for a number of cardholders. The move has sparked questions about pooled points, the 30‑day forfeiture rule and how customers can contest the deductions.
Gold and Silver Prices Dip on 10 November Ahead of US Inflation Data
On 10 November, gold and silver prices fell across India as investors awaited the release of key U.S. inflation figures. The decline affected both 24‑K and 22‑K gold rates, while silver also saw a modest dip. Market watchers are keen to see how the U.S. data will influence global bullion markets.
Bank Branches Across India Closed on 10 Nov for Regional Holiday
On Tuesday, 10 November, bank branches in several Indian cities will be closed due to a regional bank holiday. Online banking remains available, but customers should verify affected locations and plan transactions accordingly.
Senior citizens can earn up to 8.6% on 5‑year fixed deposits, led by Suryoday Small Finance Bank
Senior citizens in India can secure a 5‑year fixed deposit at an interest rate of 8.6% with Suryoday Small Finance Bank, while Jana and DCB Bank offer 8%. The rates highlight a competitive landscape across small‑finance, private and public‑sector banks.
Delhi Consumer Commission Orders Bank to Compensate Woman Over Unauthorized Locker Surrender and Missing Jewellery
A Delhi consumer commission has directed a bank to compensate a woman after her jointly‑held locker was surrendered without her consent and jewellery allegedly vanished. The ruling highlights the need for clear consent in locker agreements and offers steps to protect valuables.
ITAT Jaipur overturns unexplained‑income addition on ₹35.09 lakh insurance deposits made during demonetisation
An insurance agent’s cash deposits of ₹35.09 lakh made during India’s 2016 demonetisation were initially classified as unexplained income. The Jaipur ITAT quashed the addition after the agent produced premium‑payment records, confirming the funds originated from policyholders.
PPFAS Flexi Cap Fund swaps Meta for Netflix, trims Microsoft and boosts Indian stocks in October 2026
In October 2026 the PPFAS Flexi Cap Fund added Netflix, sold its holding in Meta Platforms and reduced its Microsoft exposure. The fund also increased stakes in Indian companies such as DLF, Maruti Suzuki and Mahindra & Mahindra, reflecting a tilt toward domestic equities.
Wedding Insurance Helps Indian Families Recover Costs from Unforeseen Disruptions
Wedding insurance can reimburse Indian families if events like fire, theft, severe illness or extreme weather disrupt celebrations, helping cover unexpected costs.
India Expands Gold Jewellery Hallmarking to 398 Districts
The Indian government has broadened mandatory hallmarking for gold jewellery to six additional districts, raising coverage to 398 districts across 26 states and union territories. The move aims to protect consumers and ensure purity standards.
ITAT Jaipur Deletes ₹11 Lakh Penalty for Farmer Who Sold House in Cash
The Income Tax Appellate Tribunal (ITAT) in Jaipur has annulled an ₹11 lakh penalty imposed on a farmer who sold his house for ₹22.5 lakh in cash. The tribunal cited the farmer’s lack of awareness of tax rules and ruled that a reasonable cause justified relief under Section 273B.
India Reintroduces Long‑Term Capital Gains Tax on Listed Equities in 2018
After a 14‑year pause, India brought back a long‑term capital gains tax on listed equities in 2018, announced by Finance Minister Arun Jaitley, who cited attractive equity returns and the need to broaden the tax base.
Understanding Gold Limits, Declaration Rules, and Tax Implications in India During Festive Season
This article explains the legal gold limits, declaration rules, and tax implications for gold ownership in India during the festive season. It covers penalties for exceeding limits, investment options, and the role of the Income Tax Department in enforcing the rules.
Post Office Savings Account ATM Limits: Daily ₹25,000 Cap and Minimum Balance Rule
The Indian Post Office savings account imposes a ₹25,000 daily ATM withdrawal limit and a ₹500 minimum balance requirement. Details on per‑transaction caps, free transactions and fees remain unspecified.
Daily Gold and Silver Prices – 9 November 2024
The latest retail rates for 24K and 22K gold, along with 999 silver, are published for 9 November across Delhi, Mumbai, Kolkata and other major Indian cities. The update also includes MCX market insights, helping investors and consumers track current commodity prices.
8th Pay Commission nearing final report; Level‑6 staff could earn ₹5.14 lakh arrears if revisions back‑dated to Jan 2026
India’s 8th Pay Commission has completed a year of its 18‑month mandate, with the final report slated for May‑June 2027. Should the revised pay be applied from 1 January 2026, a Level‑6 employee earning a basic ₹44,900 could receive roughly ₹5.14 lakh in arrears, based on a 2.57 fitment factor.
Tax breaks for foreign investors are a good idea, but India's long-term savers also deserve somethin
Tax breaks for foreign investors are a good idea, but India's long-term savers also deserve something better than the current deal
Turning 30 without a credit history? First-time borrowers can build a healthy credit profile by star
Turning 30 without a credit history? First-time borrowers can build a healthy credit profile by starting with manageable credit, paying EMIs on time, maintaining low credit utilisation and monitoring their credit reports regularly.
Bhai Dooj 2026: Brothers Can Boost Sisters’ Financial Independence with Smart Gifts
In 2026, Bhai Dooj offers brothers a chance to support their sisters’ financial independence by gifting mutual fund SIPs, gold, or other investment options tailored to risk tolerance and goals. This thoughtful approach not only strengthens family bonds but also encourages long‑term financial planning for women.
Investors sometimes misunderstand the limits when making deposits in their child's public provident
Investors sometimes misunderstand the limits when making deposits in their child's public provident fund account. Here's how much each parent can invest for their child while keeping the annual contribution tax-free.
Understanding Jeweller Gold Savings Schemes: How They Work, Benefits and Risks
Jeweller gold savings schemes let customers deposit a fixed amount each month for a predetermined period, later redeeming the accumulated value for jewellery. This guide explains the mechanics, key advantages, potential pitfalls and factors to verify before joining.
Diwali Gifts Under ₹15,000 Exempt from Tax, Cash Bonuses Remain Taxable
Employees receiving Diwali gifts from employers can enjoy tax‑free perks if the total value is below ₹15,000. However, cash bonuses are still treated as salary and taxed accordingly. The new rules influence income tax, rebate eligibility and net pay.
Railway Employees Seek ₹69,000 Minimum Basic Pay and Other Pay Commission Benefits
Railway staff have formally requested a ₹69,000 minimum basic salary, a 3.833 fitment factor, a 6% annual increment, and five promotions under the 8th Pay Commission. They also seek higher pensions, a merger of Dearness Allowance, and quicker restoration of commuted pensions.
Indian Gold Prices: 20% Correction for Domestic Rates Amid Global 24% Decline
Global gold prices have declined by 24% since January peak, while domestic rates have fallen by 20%. Factors like higher import duty, rupee depreciation, and unusually high premiums in January contributed to the smaller correction experienced by Indian buyers.
Small-cap mutual funds topped equity categories over 10 years, but returns varied among the largest
Small-cap mutual funds topped equity categories over 10 years, but returns varied among the largest schemes. Quant Small Cap led with 24.98% SIP returns, while SBI and HDFC delivered less than 18%, despite managing over ₹40,000 crore each.
Gold, silver prices today, 8 November: Check retail price of 18K, 22K and 24K gold and 999 Fine silv
Gold, silver prices today, 8 November: Check retail price of 18K, 22K and 24K gold and 999 Fine silver on Diwali 2026 in your cities — Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi, Hyderabad, Kolkata, and Mumbai.
World Gold Council Signals Gold Nearing Interim Bottom, Eyes Possible Recovery
The World Gold Council notes gold may be approaching an interim bottom, citing three historical conditions and a supportive economic backdrop that could spur a price rebound.
Bank Holidays in India: Public and Private Sector Banks Closed on Various Days
This week (9-15 November), several public and private sector banks in India will be closed for customers across regions. State Bank of India and HDFC Bank are among the institutions affected.
ITAT Surat overturns ₹2.45 cr capital gains addition after landowner proves receipt of ₹25 lakh
The Income Tax Appellate Tribunal (ITAT) in Surat set aside a ₹2.45 crore capital gains addition on the grounds that the landowner received only ₹25 lakh in the relevant year, despite a ₹2.86 crore entry in Form 26AS. The tribunal examined later tax returns and the positions of co‑owners before delivering its decision.
Diwali Gold Exchange: Six Checks Before Swapping Old Jewellery
As Diwali approaches, many jewellers invite customers to exchange old gold for new pieces. To protect against hidden losses, shoppers should verify gold purity, net weight, prevailing market rates, melting deductions, making charges and the exact exchange terms.
How to Put Your Diwali Salary Bonus to Work Beyond Festive Shopping
Instead of spending a Diwali bonus on gifts and sweets, employees can channel the extra money into insurance, future expenses, retirement savings and skill development. These steps help build long‑term financial security.
Upfront Payment vs No‑Cost EMI: Which Diwali Deal Saves You More Money?
As Diwali approaches, shoppers can choose between paying for gifts immediately or using no‑cost EMI. Each option offers different savings – upfront purchases may unlock extra discounts, while EMI spreads costs. Consumers should weigh processing fees, GST, cashback and card rewards to decide.
Court rules resignation can bar pension claim despite 10 years of service
A court clarified that an employee who has completed ten years of qualifying service cannot invoke Rule 49(2) for pension benefits if Rule 26(1) – which forfeits past service on resignation – applies, limiting pension eligibility for resigning staff.
Only One International Mutual Fund Scheme Still Accepts Fresh SIPs in India
Indian investors looking for overseas exposure via mutual funds now have a single scheme that will take fresh systematic investment plans (SIPs). Three other international funds have stopped new investments and paused existing SIP instalments, narrowing diversification options.
Air Pollution’s Impact on Respiratory Health: What Health Insurance Covers
Air pollution worsens asthma and COPD, and while health insurance may cover hospitalisation, policyholders need to review waiting periods, ICU coverage, room rent limits, restoration benefits and OPD add‑ons to ensure adequate protection. This guidance helps patients navigate insurance policies amid rising air pollution levels that increasingly strain respiratory health.
Daily ₹50 SIP can grow to ₹20 lakh in 25 years – compounding explained
Investing just ₹50 a day through a systematic investment plan (SIP) can build a corpus of over ₹20 lakh in 25 years, assuming a 10% annual return. The article breaks down how the same SIP would grow in 5, 10, and 15 years.
BookMyShow rolls out BOGO and instant discounts for Ramayana tickets this Diwali weekend
Movie‑goers can enjoy buy‑one‑get‑one‑free (BOGO) and instant cash‑back offers on BookMyShow when they book tickets for the new Ramayana film over the Diwali weekend, provided they use eligible bank credit or debit cards.
RBI raises gold‑loan LTV for small borrowers and adds new safeguards
The Reserve Bank of India has issued revised guidelines for gold‑backed loans, allowing higher loan‑to‑value ratios for borrowers with modest gold pledges, mandating clearer valuation methods and tightening auction and compensation rules. The changes also set new repayment and jewellery‑return timelines.
Cristiano Ronaldo Retires from International Football After 23-Year Career
The legendary Portuguese striker has announced his retirement from international football, concluding a record‑breaking 23‑year run. A recent piece also outlines seven personal‑finance lessons inspired by his disciplined approach to wealth creation.
AIRF has submitted six key demands to the 8th Pay Commission, seeking higher railway employee salari
AIRF has submitted six key demands to the 8th Pay Commission, seeking higher railway employee salaries, better promotions, risk allowances, track maintainer parity and improved service benefits. Here's what railway staff want from the new pay panel.
Around 30 investors lose over ₹100 crore after unauthorised access to Stockal Securities accounts
Nearly 30 Indian investors have reportedly suffered losses exceeding ₹100 crore after their Stockal Securities trading accounts were accessed without permission. The incident highlights growing cyber‑security risks in the brokerage sector and prompts advice on filing complaints with regulators and law‑enforcement agencies.
Chandigarh Consumer Commission orders UCO Bank to pay ₹15,000 to widow over pension revision delay
The Chandigarh Consumer Commission ruled that UCO Bank must compensate a widow ₹15,000 after a prolonged delay in revising her family pension, deeming the lapse a deficiency in service and noting that later arrears payments did not alleviate the hardship and mental harassment she endured.
Punjab government faces employee claims over pending payments; bench of Justices Nagarathna, Mahadevan hears case
A two‑judge bench comprising Justice B.V. Nagarathna and Justice R. Mahadevan is hearing a petition filed by Punjab government employees seeking payment of pending dues. The case highlights ongoing fiscal pressures on the state and the legal recourse pursued by staff.
The commission found that the developer had violated the terms of the agreement by selling the same
The commission found that the developer had violated the terms of the agreement by selling the same property to another buyer despite having already accepted money from the original purchasers.
Who Can Claim Central Government Employees’ GPF Savings When No Nominee Is Appointed?
If a central government employee dies without a nominee, their General Provident Fund (GPF) savings are paid to eligible family members as per the scheme’s rules. The article explains who qualifies and why it matters for families relying on these funds.
A loan guarantor may be responsible for a borrower’s debt, interest and penalties after default. Bef
A loan guarantor may be responsible for a borrower’s debt, interest and penalties after default. Before signing, one should consider certain risks and know when to decline the arrangement.
Silver Prices in Chennai: Reversal of recent trend
Silver prices in Chennai experienced a reversal of their recent upward trend on Dhanteras, a significant Indian festival. Learn about the current silver price in Chennai.
Recovery agents calling your office or relatives? RBI’s new norms ban this from 2027. Here are the r
Recovery agents calling your office or relatives? RBI’s new norms ban this from 2027. Here are the rules and how to complain to the Ombudsman.
Sitting in a jewellery store today to buy gold or silver on Dhanteras? Don't make the purchase witho
Sitting in a jewellery store today to buy gold or silver on Dhanteras? Don't make the purchase without checking these three important hallmark signs. Know how to verify the HUID number, check the jewellery's purity, and use the BIS Care app to authen
Top Gold‑Buying Cities in India for Dhanteras: Chennai, Mumbai, Jaipur Lead the Pack
During Dhanteras, gold sales surge across India. Chennai’s T. Nagar, Mumbai’s Zaveri Bazaar and Jaipur’s Johari Bazaar are among the top destinations for festive gold purchases.
Gold and silver prices today, 6 November: Check the latest 24K, 22K gold and 999 silver retail rates
Gold and silver prices today, 6 November: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Planning to start a mutual fund SIP on Diwali or invest during Muhurat Trading 2026? Check these fiv
Planning to start a mutual fund SIP on Diwali or invest during Muhurat Trading 2026? Check these five important numbers, including expense ratio, five-year CAGR, Sharpe ratio and volatility, before investing for long-term wealth creation.
Bengaluru Court Rules Qualifications and Social Media Not Proof of Financial Independence for Maintenance Claims
A Bengaluru court held that a wife's education, social‑media presence or potential employability cannot be taken as proof of financial independence, and therefore do not automatically bar her from claiming maintenance under Indian law.
There are several questions unanswered, including how the investors' accounts were accessed, who aut
There are several questions unanswered, including how the investors' accounts were accessed, who authorised the bulk liquidation of their US stock holdings and why the proceeds were allegedly channelled into concentrated positions in thinly traded Ch
EPFO launches joint declaration facility to fix EPF record errors
Incorrect names, dates of birth or employment details in Employees' Provident Fund (EPF) records can stall withdrawals. The EPFO now allows members to request eligible corrections through a joint declaration feature on its portal.
Supreme Court Upholds Rule to Deduct Prior Service Pension from Re‑employed Officials’ Salaries
India’s Supreme Court has confirmed that pensions earned from earlier government service can be deducted when computing salaries for officials re‑employed in the public sector. The ruling clarifies how pay is calculated for a specific group of civil servants.
Delhi passenger awarded ₹71,587 after missing Bengaluru flight, consumer commission rules airline at fault
A Delhi traveller who missed his Bengaluru‑bound flight after alleging airline staff delays was granted ₹71,587 by a consumer commission, which found the airline’s claim of late check‑in unsupported by evidence.
Dhanteras 2026 falls on Friday, November 6. Families often shop before the evening puja, when worshi
Dhanteras 2026 falls on Friday, November 6. Families often shop before the evening puja, when worship during Pradosh Kaal is considered auspicious. Check shubh muhurat for making purchases in your city.
Diwali Cleaning: A Chance to Declutter Your Finances
The festive season’s cleaning ritual offers more than a tidy home – it’s an ideal moment to review bank accounts, investments and debt, helping you gain clearer insight into your financial health.
Equity Capital Gains Tax Debate Sidelines Debt‑Investment Tax Burden
While India’s policy makers consider cutting equity capital gains tax, the discussion largely ignores the heavier tax load on debt instruments such as bonds and bank loans that are vital for corporate funding.
Axis Bank Launches Diwali Offers on Car, Two‑Wheeler, Home Loans and Credit Cards
Axis Bank has unveiled a range of Diwali‑season promotions, including full car financing, rapid loan disbursal, EV discounts, lower processing fees and special credit‑card perks.
Gold Prices Surge 14‑15% Since Dhanteras 2025, Offering Strong One‑Year Returns
Gold prices have climbed nearly 14‑15% since Dhanteras 2025, delivering robust one‑year returns. The article outlines current 24‑carat rates, India’s rising demand, and key factors buyers should weigh before investing for the next Dhanteras.
Understanding BIS Hallmarking Exemptions for Dhanteras Gold Purchases
Discover the exemptions for gold items under BIS rules during Dhanteras gold buying. Learn about what buyers should look for on their jewelry bills.
8th Pay Commission Receives Fitment Factor Demands; Employee and Pensioner Unions Seek Multipliers of 3.61 to 4.00
The 8th Pay Commission has received fitment factor demands from employee and pensioner unions, seeking multipliers of 3.61 to 4.00. The Commission is expected to review the minimum basic pay range of ₹65,000–₹72,000. The next steps in the process are unclear at this time.
Home loan rates start at 7.25% from November 2026 as Diwali home‑buying season begins
From November 2026, home‑loan interest rates across public and private banks and housing finance firms begin at 7.25%. With Diwali traditionally a peak period for property purchases, borrowers are urged to compare offers from lenders such as SBI, HDFC Bank and ICICI Bank before deciding.
IT couple in Bengaluru budgets ₹1.73 lakh monthly, travel costs top the list
An IT‑couple living in Bengaluru disclosed a monthly household budget of ₹1.73 lakh covering rent, transport, groceries and other items. Their travel expenses emerged as the single largest line‑item, highlighting the weight of commuting and mobility costs in the city’s cost‑of‑living equation.
Dhanteras car offers lure buyers, but long‑term costs linger
Dealers roll out special Dhanteras discounts and easy‑finance schemes to boost new‑car sales. While the promotions make purchase attractive, experts warn that owning a vehicle entails ongoing expenses beyond the loan EMI, turning it into a long‑term financial commitment.
Widow Wins ₹60 Lakh Income‑Tax Dispute as ITAT Pune Accepts Gift Explanation
A Pune Income Tax Appellate Tribunal (ITAT) bench ruled in favour of a widow, deleting a ₹60 lakh tax addition after accepting that the cash in her account was a gift from her late husband for her and their two daughters.
Silver outperforms gold over three years, IBJA data shows
An investment of ₹1 lakh in silver three years ago would have grown to about ₹2.49 lakh today, surpassing the ₹2.25 lakh return on gold. IBJA rates reveal silver’s stronger short‑term performance, while gold edges ahead over five years.
Indian Motor Insurance Rules Update: Key Requirements for Renewal
New rules for motor insurance in India go into effect on December 15, 2026. Car and bike owners must review five essential elements before renewal: mandatory covers, passenger protection, personal accident insurance, own-damage cover, and separate premium disclosures.
Sahara Depositors Can Track Refunds Online via CRCS Portal Using Aadhaar
Sahara India depositors can now monitor their refund claims through the Central Refund Claim System (CRCS) portal. The platform lets users view pending, rejected, or approved claims and resubmit corrections using Aadhaar authentication. If payments lag, depositors know how to proceed.
Financial experts offer guidance amidst layoffs and uncertainty
Finance experts provide insights on managing finances during challenging times of layoffs and economic uncertainty.
IRDAI Introduces Four Motor Insurance Cover Options for Vehicle Owners from Dec 15, 2026
From 15 December 2026, the Insurance Regulatory and Development Authority of India will offer car and two‑wheeler owners four distinct motor insurance cover options, backed by a mandatory customer option form and clear premium disclosures. The move aims to improve transparency and help consumers make informed choices.
SBI Research Proposes Tax Relief on Savings Account Interest to Level Playing Field with Equities
SBI Research has recommended tax relief on savings account interest to create parity with equity investments, amid debates over long‑term capital gains tax relief. The proposal could shift savers’ preferences and influence future tax policy.
Festive deals and small monthly payments make big-ticket purchases easier, but stacking EMIs can str
Festive deals and small monthly payments make big-ticket purchases easier, but stacking EMIs can strain cash flows, erode savings and hurt future borrowing prospects.
Punjab High Court Issues Contempt Notice to Chief Secretary Over Unmet Order
The Punjab High Court has issued a contempt notice to the state Chief Secretary, demanding a compliance affidavit within ten days for failing to follow a prior court order. The next hearing is scheduled for November 17.
ITAT overturns ₹8.66 crore tax demand after linking cash spend to real‑estate firm
An Income Tax search uncovered ₹8.66 crore in cash transactions on a woman's computer, prompting a tax demand. The Income Tax Appellate Tribunal ruled the spend belonged to a real‑estate company, not the individual, and deleted the addition.
Simple Home Checks Can Flag Impure Gold, but Lab Tests Remain Most Reliable
Many buyers struggle to tell genuine gold from jewellery with a high proportion of other metals. While professional laboratory analysis offers the most accurate verification, a few easy home‑based checks can help spot possible irregularities before purchase.
PNB, Canara Bank and Axis Bank announce revised fixed‑deposit rates for select tenures
Punjab National Bank and Canara Bank will adjust fixed‑deposit interest rates from 1 Nov and 2 Nov 2026 respectively, affecting chosen tenures for regular and senior‑citizen customers. Axis Bank follows with new rates on bulk deposits of ₹3 crore and above from 3 Nov.
Experts advise 10‑20% equity exposure to small‑cap mutual funds amid high volatility
Financial advisers suggest that investors allocate between 10% and 20% of their equity holdings to small‑cap mutual funds, citing strong growth prospects but warning of heightened risk and the likelihood of sharp market corrections.
The demand comes after two High Courts, in separate judgments delivered within 18 months of each oth
The demand comes after two High Courts, in separate judgments delivered within 18 months of each other, declined to shorten the existing restoration period.
Heirs Can Demand Credit and Challenge Distorted Remixes Even After Copyright Transfer
While a music label may hold a song’s copyright, the composer’s moral rights remain intact. Heirs can insist on proper credit or contest a remix that distorts the original work, a provision protected under Indian copyright law.
How to Safely Buy Gold and Silver Coins Online This Dhanteras
Blinkit, Zepto and Instamart now offer gold and silver coins for the Dhanteras festival. To avoid fraud, shoppers should verify the seller, purity, weight, certification, final price and refund policy before ordering.
SEBI proposes tax exemption for mutual fund switches held over a year
The Securities and Exchange Board of India (SEBI) has floated a recommendation to waive capital gains tax on mutual fund switches when the original units have been held for more than 12 months. The move aims to ease tax drag on portfolio rebalancing and could reshape investor behaviour.
Silver ETFs have corrected sharply as speculative positions unwind and bond yields rise. Here's what
Silver ETFs have corrected sharply as speculative positions unwind and bond yields rise. Here's what drove the fall, what could shape the outlook and how investors should approach the metal.
Bangalore Gold and Silver Prices Fall on 3 November 2026 Amid Domestic Bullion Market Weakness
On 3 November 2026, gold and silver prices in Bangalore fell, reflecting a broader slump in India’s domestic bullion market. The decline affected various gold purities and silver categories, underscoring the city’s role as a key bullion hub in the country’s Silicon Valley.
Following the RBI's October 2026 repo rate hike, how do FD interest rates stack up now? Find out whi
Following the RBI's October 2026 repo rate hike, how do FD interest rates stack up now? Find out which banks are offering the highest returns and how PSU bank rates compare with private lenders.
Central Government Raises Dearness Allowance to 63% of Basic Pay Ahead of Diwali
India’s Union Cabinet increased the dearness allowance for central government employees and pensioners by 3%, raising it from 60% to 63% of basic pay, effective 1 July. The move comes ahead of Diwali and follows similar hikes by several states.
Delhi ITAT scraps ₹1.13 crore tax on 3.9 kg jewellery after ownership proof accepted
The Delhi Income Tax Appellate Tribunal (ITAT) has withdrawn tax additions worth ₹1.13 crore, accepting that 3.9 kg of gold jewellery seized from a man's residence belonged to his deceased wife and three married daughters. The decision underscores the importance of documentary proof in establishing gold ownership for tax purposes.
Life Cycle Funds automatically shift investments from equity to debt as the target date approaches.
Life Cycle Funds automatically shift investments from equity to debt as the target date approaches. Here is how these mutual funds work, who should invest, how to choose the right maturity period and the risks investors must consider.
India’s Income Tax Filing Trends Reveal Five Shifting Money Patterns
Recent data from India’s Income Tax Department shows a shift in how citizens earn, file and invest. More people are generating income beyond salaries, young taxpayers are filing intricate returns, low‑income earners are reporting varied sources, young investors are recording losses, and retirees remain active investors.
Gold and silver prices slip in IBJA evening fixing on Nov 2
In the Indian Bullion and Jewellers Association's evening fixing on 2 November, 24‑karat gold fell ₹2,530 to ₹1,37,524 per 10 g, 22‑karat gold slipped to ₹1,25,990, and silver dropped ₹1,372 to ₹1,79,972 per kg.
The proposal has brought the taxation of investment profits into focus, particularly the rules gover
The proposal has brought the taxation of investment profits into focus, particularly the rules governing gains earned from selling shares and other financial assets.
The revised deadline is expected to provide relief to taxpayers dealing with multiple compliance obl
The revised deadline is expected to provide relief to taxpayers dealing with multiple compliance obligations, particularly those requiring additional time to complete audits, reconcile financial records and verify tax-related information before submi
Planning to buy gold this Dhanteras? Compare jewellery, coins, gold ETFs and Sovereign Gold Bonds on
Planning to buy gold this Dhanteras? Compare jewellery, coins, gold ETFs and Sovereign Gold Bonds on making charges, GST, liquidity, resale costs and taxation to understand which option is more cost-effective for investment.
Eternal Launches First 5,000 SBI Credit Cards with Digital Sign‑Up and Cashback
Eternal has opened applications for the first 5,000 Eternal SBI credit cards, inviting eligible customers in batches through a fully digital process. The card delivers cashback and discounts across Eternal and partner brands, and waives annual fees for qualifying spend.
Indian Government Announces Renewable Energy Support Scheme: Households eligible for subsidies and loan benefits.
The Indian government has unveiled a new scheme that provides financial support for renewable energy systems up to 2 kW. The scheme includes a 60% subsidy for systems up to 2 kW and 40% for systems up to 3 kW. Eligible households can also access collateral-free loans for systems up to 3 kW, potentially saving on bills or earning by selling surplus power.
At 7.55%, a 7-year ₹10 lakh car loan has an EMI nearly ₹15,766 lower than a 3-year one, but adds a
At 7.55%, a 7-year ₹10 lakh car loan has an EMI nearly ₹15,766 lower than a 3-year one, but adds about ₹1.70 lakh in interest. See EMIs for 3, 5 and 7 years, rates from 7.55% to 14.30% and what to check before picking a tenure. Also, how to avoid
Gold and silver prices today, 2 November: Check the latest 24K, 22K gold and 999 silver retail rates
Gold and silver prices today, 2 November: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
AIRF Urges 8th CPC to Raise Pay and Allowances for Railway Workers
The Association of Indian Railway Employees Federation (AIRF) has tabled demands to the 8th Central Pay Commission, seeking improved pay scales and additional risk, hardship, hazardous‑duty and dress allowances for railway staff, citing the 24‑hour nature of the industry.
ITAT Delhi lifts ₹3.08 lakh penalty after taxpayer omitted ₹4.49 lakh bank interest
The Income Tax Appellate Tribunal (ITAT) in Delhi set aside a ₹3.08 lakh penalty imposed on a salaried taxpayer who failed to disclose ₹4.49 lakh of bank interest in his return, calling the omission bona‑fide and the penalty notice improperly worded under Section 270A.
1% TCS on Motor Vehicles Over ₹10 Lakh: How Buyers Can Claim Credit
Buyers purchasing a motor vehicle priced above ₹10 lakh must pay a 1% Tax Collected at Source (TCS). The amount is refundable as a tax credit when filing the income‑tax return. This article explains the rule, the collection process and how to claim the credit.