Money

 (Illustration: Sudhir Shetty)
(Illustration: Sudhir Shetty)

Buying a Ulip? Look beyond returns

  • You should check your corpus, financial goal and risk appetite before investing in Ulips, as they are meant for long-term investment
  • Assessing your own financial health becomes essential because insurers charge you for withdrawing your plan before the five year lock-in period

Term plan provides you higher cover at a lesser premium (Photo: iStockphoto)
Term plan provides you higher cover at a lesser premium (Photo: iStockphoto)

How to prepare for a financial emergency

  • In case of a job loss or pay cut or any kind of unforeseen circumstances that affect your income, the emergency fund acts as a back up to your expenses
  • Irrespective of the condition of the economy, and even before you start saving and investing, you need to have a health insurance policy

The Income Tax department has now started issuing refunds only through the e-mode. (Pradeep Gaur/Mint)
The Income Tax department has now started issuing refunds only through the e-mode. (Pradeep Gaur/Mint)

How to claim and track income tax refund

  • The only way to get an income tax refund is to file your income tax returns (ITR)
  • It is important to keep an eye on processing of ITR and refund claim status

 (REUTERS)
 (Photo: Mint)
Finance Minister Nirmala Sitharaman said the government had decided to withdraw higher surcharge on FPIs
Finance Minister Nirmala Sitharaman said the government had decided to withdraw higher surcharge on FPIs

Income tax changes to 'cheaper' home, auto loans explained in 10 points

  • The government will withdraw enhanced surcharge on long-term/short-term capital gains arising from transfer of equity shares/units
  • Banks have agreed to effect timely rate cuts to pass on the benefits of RBI's repo rate cuts to borrowers: Nirmala Sitharaman

SBI latest FD rates: The new rates will come into effect from 26 August (Mint)
Senior Citizens get an additional 50 basis points over the rate of general customers.
The maximum limit for a transaction under this new facility on credit, debit cards is  ₹2,000
The RTGS system is primarily meant for high-value transactions.
eNPS website allows subscribers to make contribution online
 (Photo: iStock)
 (Photo: Mint)
 (Photo: iStock)
 (Photo: iStock)
 (Mint)
SBI chairman said increased use of digital platform will itself reduce the requirement of the debit cards (Reuters)
SBI chairman said increased use of digital platform will itself reduce the requirement of the debit cards (Reuters)

SBI says no plans to discontinue debit cards

  • SBI is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months
  • YONO is a digital banking platform of State Bank of India

For deposits maturing in 7-14 days, IndusInd Bank offers 3.75% interest. (Mint)
SBI repo linked home loan: From September 1, the interest rate will fall to 8.05%
 (Photo: Aniruddha Chowdhury/Mint)