Personal Finance

These fixed income options provide the safety you need: Fixed Deposit, Public Provident Fund, and more

Bank Fixed Deposits (FDs) are one of the most popular investment options, especially for seniors. They offer fixed returns based on the interest rate set by banks, which can vary. Bank deposits are insured by the government up to ₹5 lakh, adding a layer of security. Recurring deposits (RDs) are another bank-led scheme. In RDs, investors deposit a fixed amount on a schedule, earning a higher interest rate than regular savings accounts. This scheme helps build a savings habit and ensures returns, as it’s not linked to market fluctuations. RDs also allow small investments, making them accessible to many savers. The Public Provident Fund (PPF) is a government-backed long-term savings scheme. With an interest rate of 7.1%, it has a maturity period of 15 years, which can be extended. Contributions to a PPF account are eligible for tax deductions, making it a favoured option for retirement. The Post Office National Savings Monthly Income Account (POMIS) provides regular monthly income. It requires a minimum investment and offers an interest rate of 7.4%. POMIS is suitable for those seeking a reliable income stream while ensuring capital safety. RBI Floating Rate Savings Bonds have a maturity of seven years and offer an interest rate of 8.05%. Investors can start with a minimum investment of ₹1,000, with no maximum limit. This bond is available through the RBI’s Retail Direct portal for individual investors. National Savings Certificates (NSCs) are secure savings instruments issued by the government for capital safety. They currently offer a 7.7% interest rate and qualify for tax deductions under Section 80C of the Income Tax Act. NSCs have a fixed maturity period, providing predictable returns.

X introduces new payment model to drive premium user engagement and creator revenue

X is reshaping its creator payment model, focusing on Premium user engagement. This shift aims to enhance earnings and interaction among creators on the platform.

SIP flows breach Rs 24,000 cr-mark for first time in September; here are key highlights from AMFI data

During the month of September, a total of 27 schemes were launched in the open-ended scheme, raising a total of Rs 14,575 crore, according to latest AMFI data. Of these 27, around 17 funds were Index and ETF funds. SIP flows also crossed Rs 24,000 crore, up from Rs 23,547.34 crore in August 2024. The total active SIP numbers also crossed 9.87 crore, up from 9.61 crore in August. In a statement to the media, Venkat Chalasani, Chief Executive,...

8 high-paying freelance jobs you can start today

Freelancing has recently gained popularity for candidates seeking flexibility and financial security. Whether you're a tech expert or a creative professional, there are numerous high-paying freelance opportunities to explore.

A millennial couple details how they went from $150,000 in debt to a net worth of $1.5 million in a decade without elite jobs or risky investments

Lawrence Delva-Gonzalez grew his net worth through investing heavily in retirement accounts, buying a rental property, and creating tight budgets.

Retirement planning: 5 things to keep in mind when planning your retirement corpus allocation

This is the problem with personal finance. One rule doesn’t apply to all situations. Nor does it apply to all households. Being relaxed about our attitude to money helps when we are in the process of understanding our preferences and identifying our beliefs about financial decisions. However, the ability to be experimental with money runs out as we age, especially when we retire.

​8 reliable income sources for achieving financial stability​

​Explore eight distinct paths to generate income, each offering unique opportunities to enhance your financial stability. Whether you seek passive revenue or active engagement, there's an option tailored for you.​

CPI inflation likely rose to 5.1 per cent in September

The continuous rise in international gold prices likely pushed 'personal care and effects CPI (weighting of 3.89%) up m-o-m, said Barclays in a report.

8 Essential Money-Saving Tips for Solo Female Travellers

By Taneia BhardwajSolo travel is an exhilarating and unique experience. According to Airbnb data, around 30% of Indian female travellers hit the road solo, exploring both international and domestic destinations. To make your journey smooth and stress-free, mastering money management is crucial. Here are some top tips to help you stay savvy, secure, and completely in control as you explore the world.Plan Your Budget Before You GoStart your trip...

Top financial habits of highly successful people

By cultivating these financial habits, successful individuals ensure that their wealth grows steadily and sustainably, while also maintaining financial security for the future...

43 companies' Shares Worth $19 Billion Will See Lock-In Periods End Starting This Week | N18V

Employee Provident Fund: Benefits and how to check your balance

EPF offers several advantages that make it much more than just a savings plan. One key benefit is shared contributions, where your employer contributes alongside you, effectively doubling your retirement savings. The scheme also provides tax relief and its competitive interest rate helps your savings grow faster. When you retire, you receive a lump sum, including your contributions, your employer’s contributions, and accumulated interest,...

MILLIONAIRES EXPLAIN: How To Start A Business From Scratch (w/ Patrick Bet-David)

JOIN THE $2K CHALLENGE HERE (It's free, but spots are limited): https://2kchallenge.com I sat down with Patrick Bet-David to discuss how to start a business with $0, hope you enjoy! Patrick's channel: @VALUETAINMENT & @PBDPodcast TIMESTAMPS: 00:00 💸 The $2K Challenge 00:41 🏢 Shadow experienced industry leaders for insight, not just success, and learn from their wins and mistakes. 01:53 💼 Negotiating equity after increasing value can lead to ownership or leverage elsewhere if declined. 03:30 🌟 Define your ambition within a role: leadership or support, and excel accordingly. 05:37 💸 Leaving comfort for growth often yields rewards, even if initially uncomfortable. 05:51 🌈 Sequencing matters: passion might not always align with financial success. 11:49 🤝 People skills, conflict resolution, and keeping promises are universal business assets. 14:54 📱 Personal branding on social media is crucial today for credibility and connections. 17:18 🤝 Networking is about value exchange; even small gestures can lead to significant opportunities. 19:23 🎭 Faking it till you make it might work temporarily, but the market tends to expose inauthenticity, especially today. 20:05 🌟 "Future Truth": declaring future successes is fine, but consistent progress is necessary to uphold those claims in the future. 21:16 📉 Making commitments you can't keep in business can severely damage credibility and relationships in a brutal market. 21:30 🚪 Having an exit plan isn't necessary at the start, but evolving goals and visions over time is crucial for sustained motivation. 22:12 🌌 Beyond money, finding a deeper purpose and mission often emerges during the journey of business development. 23:34 ⏳ Immediate financial success isn't the focus at the outset; long-term visions can take decades to achieve. 24:02 🤝 Establishing upfront agreements and responsibilities in partnerships can prevent future conflicts or uncertainties. 25:10 🛠 Having a clear hierarchy or a designated decision-maker in partnerships can streamline operations and avoid deadlock situations.

Silver futures rise on spot demand

New Delhi, Oct 10 (PTI) Silver prices on Thursday rose Rs 178 to Rs 89,050 per kilogram as participants widened their bets on a firm spot demand

Crorepati Stock: BSE 200 share turns Rs 1 lakh into Rs 15000000 in less than 5 years

Crorepati Stock: A BSE 200 stock has delivered an eye-popping return of 15,117 per cent in less than five years. From once quoting at Rs 5.55 per share on April 3, 2020, the stock today (Thursday, October 10) touched a fresh record high of Rs 839.

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US inflation to TCS Q2 results

Indian stock market: Gift Nifty was trading around 25,085 level, a discount of nearly 35 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.

JioFinance app launched; Here are key details

Reliance's JioFinance App, launched on May 30, 2024, now offers diverse financial products including loans and digital savings accounts. Over six million users have provided feedback, enhancing the app's user experience. The JioFinance app also includes seamless UPI payments and insurance plans, aiming to democratize financial services in India.

TCS Q2 Results: IT Company Announces Bumper Dividend - Know Amount And Other Details

Tata Consultancy Services (TCS) reported a net profit of Rs 11,909 crore for Q2, reflecting a 5% year-on-year increase, despite a 1.1% decline quarter-on-quarter. Revenue grew 7.6% to Rs 64,259 crore. TCS declared a Rs 10 interim dividend per share and expanded its workforce, hiring 5,726 employees.

The top 3 skills you need if you want to land a job in a family office, according to industry recruiters

One family office sought an assistant with an Ivy League education, accounting background, and yacht management skills. The pay: $20,000 a month.

Mutual Fund SIP Calculator: How a Rs 100 a day investment can take you to Rs 5 crore retirement corpus?

Investing in a SIP early, even with just Rs 100 a day, takes advantage of compounding. This can lead to a substantial retirement fund by the time you retire.

Vettaiyan box office collection day 1: Rajinikanth-Amitabh Bachchan’s film opens at ₹25 crore in India

Vettaiyan box office collection day 1: Apart from Rajinikanth & Amitabh Bachchan, the film stars Manju Warrier, Fahadh Faasil, Rana Daggubati and Ritika Singh.

Forbes List | Reliance Industries' Mukesh Ambani Tops India's 100 Richest 2024 List | N18V

Invest early, live below your means and 9 other golden rules to get rich

Building wealth takes smart financial choices and discipline. Follow these nine key personal finance rules: pay yourself first by saving and investing, create and stick to a budget, invest early and regularly, avoid bad debt, live below your means, build an emergency fund, maximize tax efficiency, learn to negotiate, and keep educating yourself. By consistently applying these principles, you can grow your money and achieve long-term financial...

Gold Rate Today 10-10-2024: Check latest prices in your city

Gold And Silver Rates Today: The price of 10 gm of 24 carat gold is Rs. 76853.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 97000.0/Kg in Delhi.

8 basic tips for kids about financial literacy

By teaching your kids these simple financial principles, you’re setting them up for a future where they can confidently manage their money. The earlier they learn these skills, the more prepared they’ll be to make smart financial decisions as they grow.

Rupee ends flat after lingering in narrow band; US inflation data on tap

Dollar-rupee forward premiums have declined as a result of bets on shallower Fed rate cuts alongside the RBI changing its policy stance to "neutral," on Wednesday

What is 80-20 rule? A key strategy for achieving financial success

The 80-20 rule, also known as the Pareto principle, is a concept that states that roughly 80% of the effects come from 20% of the causes. The 80-20 rule suggests that 80% of your results come from 20% of your efforts. This principle is observed in various fields, including business, economics, and sociology, and can also be applied to personal finance. For example, in business, 80% of a company's sales may come from 20% of its customers. In...

Rs 5 crore corpus in 10 years using SIP: How to build - Steps

Discover how you can accumulate Rs 5 crore in just 10 years through disciplined investments in a Systematic Investment Plan (SIP). Learn about the benefits of compounding, the importance of early investments, and the steps to achieving long-term financial success with this proven strategy.

Medical Loans: Everything you need to know for affordable care

Medical Loans: Medical emergencies can arise unexpectedly, leading to financial stress. Banks offer medical loans with quick approval, flexible repayment options, and straightforward documentation.

SpiceJet Raises ₹3,000 Crore Via QIP, SpiceJet-Horizon Aviation Dispute Settled For $22.5 Mn | News

SpiceJet- Raises ₹3,000 Crore Via QIP, SpiceJet-Horizon Aviation Dispute Settled For $22.5 Mn | News#spicejet #horizonaviation #fundraise #funding #investment #spicejetplanes #aviationsector #etnow #businessnews

Payments firm Tonetag looks to bag $50 million from Iron Pillar, others

Tonetag is in talks with growth-stage investment firm Iron Pillar for a fresh equity round of around $50 million. Other investors are expected to join the round as well. The round will be a mix of primary and secondary capital, where some of Tonetag’s early investors will partially or fully exit the company.

World Bank approves financial fund for Ukraine, supported by G7 nations

The fund, to be managed by the World Bank, will help fulfil a pledge by the Group of Seven (G7) nations to provide Ukraine with up to $50 billion in additional financial assistance by the end of 2023.

Number Theory: Charting monetary policy since formation of MPC

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Centre releases Rs 1.78 lakh crore to states for festive season, with largest shares to Uttar Pradesh, Bihar, and Madhya Pradesh

Among the other states, Andhra Pradesh received Rs 7,211 crore, Tamil Nadu received Rs 7,268 crore, and Gujarat received Rs 6,197 crore. In the Northeast, Meghalaya was allocated Rs 1,367 crore, Tripura Rs 1,261 crore, and Manipur Rs 1,276 crore.

Paytm Share Soared 15%, What Caused This Rally? | Hyundai IPO & Ola Electric Probe | Rajat Sharma

Watch Rajat Sharma, Founder & CEO of Sana Securities, on ET Now. Discover the reasons behind the 15% surge in Paytm shares. Also, get insights on the Hyundai IPO and Ola Electric investigation. Join Rajat Sharma for all the latest updates.#hyundaiipo #ipo #paytm #paytmshare #olaelectric #olaelectricshare #etnow #topnews #businessnews

UPI transaction limit increased: RBI announces new limits for Lite wallet and 123Pay

What are the new UPI transaction limits announced by the RBI, and how will these changes impact users of UPI Lite Wallet and UPI 123Pay? Find out.

Hyundai Motor India IPO: Check latest GMP, analyst views, issue details ahead of opening on October 15

Hyundai Motor India IPO opens October 15, offering 14.2 crore shares. Current grey market premium indicates a potential listing price of ₹2,125. Analysts express concerns over valuation and market conditions impacting investor interest.

Savitri Jindal tops again, Biological E's Mahima Datla joins Forbes' rich list; Here are top nine richest women

India's wealthiest list sees nine women featured in 2024, led by Savitri Jindal with a net worth of $43.7 billion. Notable names include Rekha Jhunjhunwala, Renuka Jagtiani, and newcomer Mahima Datla. The combined net worth marks significant growth since 2019.

What is the 50:30:20 rule, and why is it crucial for middle-class savings?

The 50:30:20 rule offers a clear and pragmatic approach to managing personal finances, promoting a balanced and sustainable way to handle money.

Mukesh Ambani surpasses Gautam Adani to become the richest tycoons of India; check out the list

Forbes' India 100 list for 2024 highlights Mukesh Ambani as the richest with a net worth of $119.5 billion, followed by Gautam Adani and family at $116 billion. The collective wealth of India's top 100 has surpassed a trillion dollars, marking a 40% increase from $799 billion last year. The increase is attributed to strong market performance of stock market.

TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme

A Chinese drug cartel that was selling fentanyl bribed TD Bank branch employees in New York and New Jersey to launder millions of dollars.

Penny stock below Re 1 hits 5% upper circuit as board approves fundraising, preferential share issue

Srestha Finvest shares hit the 5% upper circuit at ₹0.89 after announcing a fundraising initiative via Qualified Institutional Placement (QIP). The board approved issuing equity shares worth ₹100 crore for various purposes, subject to necessary approvals..

NPS Calculator: How much you have to invest to get a pension of Rs 1 lakh per month on retirement

NPS Calculator: If you want to get a monthly pension of Rs 1 lakh from NPS, you need to maintain a discipline in investing. With a focused approach over a long period, you can reach your pension goal even with a low contribution per month.

Ratan Tata tribute: When Tata Finance kept a helicopter on standby to return investors' money

In 2001, Tata Finance found itself in the middle of a crisis. A letter from Shankar Sharma and a subsequent investigation showed that some people in the management team had invested company money in dubious shares for personal gain. The company had also loaned over Rs 500 crore to subsidiaries. Tata Finance was on the brink of insolvency. When the fraud came to light, then-chairman Ratan Tata asked parent company Tata Sons to step in and secure...

Retirement planning: 4 simple ways to protect your retirement corpus from inflation

Retirement planning: The effect of inflation on your retirement savings may be substantial. Many elderly individuals rely on their pension and retirement investments. Inflation during retirement might lead to a reduction in the actual value of your retirement savings.

TTML Share Price: Tata Group Stock Surges Over 4% On Tuesday; Share Price Falls Over 20% In Last Year

TTML Share Price: Tata Group firm TTML gained on Tuesday even though its stock value has deteriorated throughout the previous year. Financial specialists were eager to purchase the stock which went up by up to 4 percent on the day. TTML shares opened at Rs 77 on the BSE and later touched an intraday high of ₹80.20, before shutting at Rs 79.73. The 52-week high is Rs 111.48, while the 52-week low is Rs 65.29. Ratan Tata himself laid foundation of...

Bitcoin falls below $61,100 ahead of US inflation data; Solana, Shiba Inu drop up to 4%

Avinash Shekhar, Co-Founder & CEO of Pi42, noted, "Bitcoin is showing bearish momentum. The Crypto Fear & Greed Index dropped to 39, entering the 'Fear' zone, indicating fear dominance in the market. Traders are waiting for US economic data, which may shift investor sentiment in this highly volatile environment."

How to grow a money plant: Here's a guide to indoor and outdoor planting, tips to take care

The Money Plant (also known as Pothos) is everyone’s favourite, and for good reason. These popular houseplants bring positive energy and good fortune to your home, according to Feng Shui. Aside from their lucky charm reputation, they are also incredibly easy to grow and care for, making them an ideal plant for beginners and seasoned gardeners alike. Money plants are hardy and can thrive under various conditions. They are low-maintenance,...

How much cash can you deposit in savings account to avoid tax scrutiny?

Although there is typically no cap on the amount that can be deposited into a savings account, have you ever considered the maximum amount you can deposit and withdraw within a financial year to remain below the tax authorities' scrutiny?

Multibagger stock Ceinsys Tech surges 9.5% as order book exceeds ₹1,000 crore, gains 36% in 3 sessions

Ceinsys Tech shares rose 9.5% today, hitting an all-time high of ₹944, marking a three-day gain of 36%. The surge follows order wins that boosted the order book over ₹1,000 crore, representing 70% of the company's market cap of ₹1,428.9 crore.