Business

New Fund Offer is like an IPO except that, IPO is marketed by a company trying to go public while NFO is marketed by a Mutual Fund to launch a new scheme.

Securities and Exchange Board of India has also listed Dos and Don’ts while dealing with brokers and sub-brokers.

National Pension System (NPS) offers affordable social security to citizens. It is low-cost, tax-efficient plan to which both employees and employers contribute.

The Central Board of Trustees is the apex decision-making body of the EPFO.

The Centre recently fixed the interest rate on Sukanya Samriddhi Yojana at 7.6 per cent for January-March 2023

Though the old regime offers a large number of deductions like 80C, 80D and 80CCD, the new tax regime also has few deductions that a taxpayer can claim

The EPF accounts can be easily transferred if the KYC details are updated.

Bajaj Finance is offering FD rates for investors up to 8.10 per cent per annum on their deposits

Indian Overseas Bank has hiked the marginal cost of funds (MCLR) by 15 to 35 basis points across tenures

These Bharat Bond ETF and Bharat Bond Fund of Fund series will mature in April 2033; the funds raised will be utilised for undertaking capex by central public sector enterprises

Generally, 20th of every month is the last date for filing GSTR 3B

Banks usually offer a higher interest rate, 50 bps, to senior citizens (60 years and above) over and above the FD rates of the general public

Punjab National Bank (PNB) on Monday said it has introduced banking services through WhatsApp for both customers and non-customers.

Festive Season Discounts: Many banks have introduced attractive offers for customers ahead of the festive season in order to boost credit availability

With the LIC Housing Finance increasing its prime lending rate (LHPLR) by 0.15 percentage points and the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent previously.

At present, the government levies a 30 per cent income tax on capital gains made through virtual digital assets and cryptocurrencies, and a 1 per cent TDS.