Term insurance is a security cover that works to provide financial support to your family in your absence. It is taken with the expectation that if the family needs support in case of any untoward incident, the insurance company will pay the claim. But what if that claim gets rejected? There are many cases where
With stricter validation checks and evolving tax return formats, a growing number of taxpayers across India are facing issues related to incorrect or incomplete Income Tax Return (ITR) filings. The consequence? A spike in ‘defective return’ notices under Section 139(9) of the Income Tax Act, leading to refund delays, penalties, and in some cases, returns
What would you do if you were fired today? Would you spiral into panic or pause in relief? In a raw and unnervingly honest Reddit post, a 36-year-old man from North Delhi lays bare his financial life after getting fired. But this isn’t a sob story. It’s something more jarring: a confession, an audit of
The recent changes made by the government in the Employees’ Provident Fund (EPF) rules have come as a big relief, especially for salaried people who want to buy a house for the first time but have been finding it difficult to arrange for the down payment. Now, employees will be able to withdraw money from
The Income Tax Return (ITR) filing season for Assessment Year 2025-26 started a little late this time. Usually, the process of filing returns starts in April every year, but this year, there was a delay in releasing ITR forms and utilities from the Income Tax Department. By the end of May, only the utility of
In the upcoming GST Council meeting this month, life and health insurance policyholders can expect some relief. The all-powerful GST council is expected to reduce or completely abolish the GST on life and health insurance premium. This issue has been pending for a long time, but now there are indications that some concrete steps can
Retirement planning has become more important now than ever. Given the rising inflation, increase in life expectancy and limited social security facilities, retirement planning is no longer an option but a necessity. If you are in your 30s and want to have a strong retirement corpus at the age of 60, it is important to
In recent months, many banks have cut their fixed deposit (FD) interest rates in the wake of the RBI’s 100 basis points cut in the repo rate since February 2025. Despite this, some banks are still offering attractive interest rates on fixed deposits for senior citizens. These banks are small finance banks, which always have
The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the
An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced
Leading private sector banks like HDFC Bank had earlier reported an improved performance in the June 2025 quarter and investors were keenly awaiting the results of Kotak Mahindra Bank. The Kotak Mahindra Bank stock ended Friday’s trade 0.8 % lower at Rs 2,125 and it is not too far from its 52-week high of Rs
Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of
Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per
