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Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint
If you want to make corrections in your PAN or Aadhaar, you can do so on the NSDL website or using UIDAI’s update Aadhaar services at Aadhaar enrolment centres. Photo: Pradeep Gaur/Mint
If you want to make corrections in your PAN or Aadhaar, you can do so on the NSDL website or using UIDAI’s update Aadhaar services at Aadhaar enrolment centres. Photo: Pradeep Gaur/Mint

PAN card application: NSDL ends tie-up with Alankit

  • NSDL e-Governance has terminated agreement with Alankit for PAN and e-TDS Statements filing services
  • The termination is on account of non-remittance of PAN applications fees and TDS filing fees collected from applicants

The central bank will continue publishing its monthly bulletin as usual. (Pradeep Gaur/Mint)
There are many investors on Dalal Street who haven’t seen a sharp recovery in their portfolio. Photo: Mint
According to the report, rental yields in most of the cities continue to be very low, going up to a maximum of around 5%, which is seen as insufficient to cover the risk of renting (Photo: iStock)
According to the report, rental yields in most of the cities continue to be very low, going up to a maximum of around 5%, which is seen as insufficient to cover the risk of renting (Photo: iStock)

Demand for rental units may go up but supply may not match up

The report states that in a socioeconomic environment where people are not assured of their future employment prospects, there is limited willingness to purchase a property and, therefore, the demand for rental units may go up

Photo: iStock
Photo: iStock

How much a house costs in Chennai?

  • A property price depends on various factors such as location, neighbourhood, quality of construction, amenities and age of building, among others
  • If you are in the market to buy a house in Chennai, here are the property prices across different parts of the city

As of March 2018, the Indian mutual funds industry had total AUM worth ₹21.36 trillion, of which 3.8% were managed passively, said the report.
Women who want to change their surname after marriage can do so in their Aadhaar card by giving valid marriage certificate at any permanent enrolment centre set up by UIDAI. Photo: HT
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. Photo: Hemant Mishra/Mint
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. Photo: Hemant Mishra/Mint

How you can buy precious metals like silver and platinum online

  • Precious metals such as silver, platinum and palladium are a way to diversify one’s portfolio.
  • While gold is at $1,717 per ounce, close to its all-time high of $1,900 per ounce, silver has fallen dramatically behind.

The income tax department gives e-PAN for free but if you want to own a laminated physical copy of the PAN card you can get one at a nominal charge.
Buying health insurance is an important decision because this insurance serves you for life. Photo: HT
Buying health insurance is an important decision because this insurance serves you for life. Photo: HT

Will a standard covid-19 health insurance benefit you?

  • The insurance regulator has asked general and health insurers to offer standard covid-19 health insurance, starting 15 June
  • Since regular health insurance plans also cover covid-19 infections, the standard product may not benefit you

Any immovable property held for a period of more than 24 months is classified as a long-term capital asset (LTCA). Photo: Mint
Franklin Templeton Mutual Fund shut down six credit-risk funds on 23 April owing to severe illiquidity and redemption pressures. Bloomberg
Franklin Templeton Mutual Fund shut down six credit-risk funds on 23 April owing to severe illiquidity and redemption pressures. Bloomberg

HC stays Franklin Templeton's e-voting process: what this means for you

  • The petitioners before the Gujarat High Court, namely the promoter-family of Rasna, contended that investor consent for the winding up was not taken.
  • There is another case in the Madras High Court on this issue in which notices have been issued to Sebi and Franklin.

Photo: Mint (Mint)
Photo: Mint (Mint)

Tax on your gold and real estate investments

  • Over the past few years, returns from real estate have been poor to negative. On the other hand, gold does not give attractive returns in the long term and has high transaction cost
  • Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes

Porush Singh, divisional president, South Asia, Mastercard
Photo: iStock
Photo: iStock
Photo: iStock

Deferring EMIs may mean no new loans

  • Opting for RBI’s EMI moratorium facility may put your repayment capacity in doubt and banks may not be willing to sanction any new loans to you
  • To avoid risk, many banks have rejected loan applications where clients opted for a moratorium

The same will be also applicable to advance deposit of instalments to get the benefit of rebate. (Bloomberg)
The same will be also applicable to advance deposit of instalments to get the benefit of rebate. (Bloomberg)

India Post not to charge any late payment fee for RD holders in May

  • Subscribers of RD account who could not deposit the advance instalments to get the benefit of rebate during the lockdown period may deposit the same by June 30
  • The rebate admissible as per the scheme provisions will be available at the time of deposit

All the EPFO services have been moved to the Umang app. Photo: Priyanka Parashar/Mint
By the end of June 2020, BSE EBIX plans to enroll health products from Aditya Birla Health Insurance and Star Health and Allied Insurance. Photo: iStock
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