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

Liquid funds offer instant redemption facility. Here's what you need to know

4 min read . 05 Jun 2020Renu Yadav

Under the instant redemption facility offered by liquid funds, investors can withdraw up to ₹50,000 per day per fund

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

1 min read . 05 Jun 2020Staff Writer

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)

Will RBI publishing payment systems data daily boost innovation?

2 min read . 05 Jun 2020Nilanjana Chakraborty

The data relating to transactions undertaken during the day will be published on the subsequent working day.
The RBI’s move is aimed at facilitating research and innovation in the payments space.

There are many investors on Dalal Street who haven’t seen a sharp recovery in their portfolio. Photo: Mint

Sensex rebounds 31%, but why are many investors stuck with low returns?

4 min read . 05 Jun 2020Renu Yadav

Although there are worries over this sharp pullback, this rally has brought some respite to investors who saw a much sharper correction of around 50% in a month’s time during February-March.

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

2 min read . 04 Jun 2020Nilanjana Chakraborty

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

How much a house costs in Chennai?

1 min read . 04 Jun 2020Livemint

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.

Should you include MNC funds in your core portfolio?

2 min read . 04 Jun 2020Tinesh Bhasin

MNC funds are thematic in nature but have consistently performed across market cycles

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

Aadhaar card: UIDAI announces 14,000 Aadhaar Kendras are now open across India

1 min read . 04 Jun 2020Staff Writer

UIDAI is gradually opening all Aadhaar centres in India after getting permission from local authorities
You can book online appointment before going to an Aadhaar Seva Kendra

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

5 min read . 04 Jun 2020Neil Borate

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.

PAN card: 5 cases where you cannot use Aadhaar card to apply for instant e-PAN

1 min read . 04 Jun 2020Nikhil Agarwal

You can now get a new PAN card for free in just 10 minutes
Check whether you are eligible to apply for an instant e-PAN card

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?

6 min read . 04 Jun 2020Disha Sanghvi

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

NRIs can remit up to $1 million from the sale of a property in a financial year

3 min read . 04 Jun 2020Sonu Iyer

Under the Indian income-tax law, if the seller qualifies as non-resident in India during the relevant financial year, the buyer is required to cut TDS (tax deducted at source) at a specified rate.

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

2 min read . 04 Jun 2020Neil Borate

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)

Tax on your gold and real estate investments

1 min read . 03 Jun 2020Livemint

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

'Digital payments saw monumental revolution in the wake of covid-19'

4 min read . 03 Jun 2020Nilanjana Chakraborty

Porush Singh of Mastercard, talks about what this means for the digital payments industry and how new-age technologies such as AI and machine learning can revolutionize the way security and accessibility are managed

Photo: iStock

For direct investing, get guidance from advisers or recommendation websites

2 min read . 03 Jun 2020Srikanth Meenakshi

If your tax implication is lower in the new tax regime, contribute only the minimum to NPS and shift the remaining to your SIP

Photo: iStock

Deferring EMIs may mean no new loans

4 min read . 03 Jun 2020Renu Yadav

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)

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

1 min read . 03 Jun 2020PTI

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

EPFO updates KYC data for over 52 lakh subscribers in 2 months

1 min read . 03 Jun 2020Nikhil Agarwal

EPFO has carried out a major rectification exercise relating to name, Aadhaar and date of birth of its subscribers
KYC enables PF members to make a withdrawal claim online

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

BSE EBIX launches health insurance products on its platform

1 min read . 03 Jun 2020Disha Sanghvi

BSE EBIX will offer health insurance products in association with Religare Health Insurance

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