Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more
UPI की मदद से बहुत से लोग अपनी पेमेंट्स आदि करते हैं, अब UPI को लेकर एक नया नियम लागू होने जा रहा है. नेशनल पेमेंट्स कॉर्पोरेशन ऑफ इंडिया (NPCI) ने 1 अप्रैल 2025 से लागू होने वाले नियम जारी कर दिए हैं. Source link
As March 1, 2025, a slew of regulatory and financial changes are set to impact citizens. From new SEBI guidelines reshaping mutual fund and demat account nominations to a significant UPI rule change for insurance payments, here’s what to expect. SEBI’s new rules for MF and Demat accounts The Securities and Exchange Board of India … Read more
The Reserve Bank of India (RBI) has announced that banks in several major cities, including Mumbai, Delhi, Chennai, Bengaluru, Kolkata, and Hyderabad, will remain closed on February 26, 2025, in observance of Mahashivratri. This closure is part of the RBI’s official holiday schedule, which categorises holidays under the Negotiable Instruments Act, Real Time Gross Settlement … Read more
For generations, fixed deposits (FDs) have been India’s preferred financial security blanket, offering stability in an ever-evolving financial landscape. In 2023, Indians had over ₹103 trillion locked in FDs – a massive vote of confidence in an investment option that has stood the test of time. While FDs have weathered India’s socio-economic shifts for over … Read more
One Mobikwik Systems Ltd. and Cred have recently initiated their individual e-rupee pilot programs in partnership with the Reserve Bank of India (RBI). This collaboration marks their distinction as the pioneering fintech platforms to join hands with the RBI for the implementation of the central bank digital currency (CBDC). Yes Bank has been selected as … Read more
New Delhi: Transactions through the popular Unified Payments Interface (UPI) touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data released by the National Payments Corporation of India (NPCI). In November, the UPI transaction count was 15.48 billion. ET Year-end Special Reads NPCI said … Read more
Digital payments are transactions conducted through digital or online mediums, utilizing electronic methods for money exchange between the payer and the payee. In India, there is a diverse range of payment options available, including cash, credit and debit cards, UPI (Unified Payments Interface), mobile wallets, NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), … Read more
Fintech company super.money, backed by Flipkart, has introduced ‘superFD’, a fresh fixed deposit (FD) offering that includes Unified Payments Interface (UPI) payments and offers interest rates of up to 9.5%. The platform has joined forces with small finance banks approved by the RBI to provide these FDs, which are backed by insurance of up to … Read more
The Unified Payments Interface (UPI) has been a game-changer in the digital payments sector since its inception in 2016. Developed by the National Payments Corporation of India (NPCI), UPI has seamlessly integrated itself into the everyday financial activities of countless Indians. Data analyzed by the global payments hub Paysecure earlier this year revealed that the … Read more