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On January 13, 2022, three fund houses plan to launch two silver ETFs and three silver ETF fund of funds (FoF). Each of Aditya Birla Sun Life MF, Nippon India MF, and ICICI Prudential MF will introduce a silver ETF and FoF. With their investments, both ETFs will attempt to match the return on physical silver prices in their home countries. Additionally, the schemes can engage in ETC Derivatives (ETCDs) based on silver as an underlying asset. The parent company's silver ETF will be the investment vehicle for the silver FoFs. Before you invest in them, here are a few things to keep in mind. Dual Qualities Silver possesses both precious metal and industrial metal properties. Industrial demand accounts for more than 50% of silver demand. This complicates the investor's decision to invest in silver and almost certainly results in the metal having a larger volatility than gold. High Volatility Silver's volatility is higher than gold's since it is an industrial metal. While silver has historically outperformed gold during moments of economic boom, when industrial demand rises silver has underperformed gold. Historically, gold has been more popular as a safe haven asset, whereas silver has been more popular for its industrial use. No Correlation With Equity With no correlation to other investments like stocks and bonds, silver lowers the total risk of a portfolio. The metal is a superb inflation hedge and a good diversifier of investment portfolios. Over a longer length of time, it outperforms gold in terms of returns. Experts recommend that investors diversify their portfolios by taking a small amount of silver exposure. It's not a good idea to put it at the heart of your portfolio.

The ninth tranche of the Sovereign Gold Bond Scheme (SGB) 2021-22 will be available for subscription from January 10, 2022, for a five-day period ending on January 14, 2022. These bonds are issued on behalf of the Union government by the Reserve Bank of India. The price of the issuance has been set at Rs 4,786 per gram. Here's all you need to know about the programme: Discount and nominal value While the issue price, or nominal value, of gold has been set at Rs 4,786 per gram, the RBI will grant a discount of Rs 50 per gram less than the nominal value to those investors who register online and pay for their application using digital means. The issuance price of a gold bond for such investors will be Rs 4,736 per gram of gold. Mechanism of pricing The price of the bond is determined in Indian rupees using a simple average of the past three working days of the week preceding the subscription period, as announced by the India Bullion and Jewellers Association. Lock-in The bonds are denominated in gram(s) of gold multiples, with one gram as the fundamental unit. The bond will have an 8-year tenor, with an exit option after the fifth year that can be utilized on the next interest payment dates. Limits, both minimum and maximum One gram of gold is the minimum amount that can be invested. Individuals have a maximum subscription limit of 4 kg, HUFs have a maximum subscription limit of 4 kg, while trusts and similar companies have a maximum subscription limit of 20 kg every fiscal year (April-March). How to Purchase Stock Holding Corporation of India Limited (SHCIL), approved post offices, and recognised stock exchanges — NSE and BSE — will sell the bonds. KYC The know-your-customer (KYC) requirements will be the same as for actual gold purchases. The plan was started in November 2015 with the goal of reducing physical gold demand and directing a portion of domestic resources formerly used for gold purchases towards financial savings.

PAN card holders who haven't connected their PAN and Aadhaar numbers by March 31, 2022 will be penalised. The deadline for linking an Aadhaar card with a PAN card has been extended by the government to March 31, 2022. If you don't, your PAN card will become invalid and you'll be in big trouble. PAN Aadhaar linkage would cost Rs 1,000 after the planned date. Penalty procedures under the I-T Act now have until March 31, 2022 as their new deadline for completion. In addition, the Adjudicating Authority has been given until March 2022 to provide notice and pass an order under the Prohibition of Benami Property Transactions Act, 1988. However, even if you miss the deadline, you may still link your PAN and Aadhaar accounts, albeit with a fine of Rs 1,000 and other penalties. Implications if PAN is not connected to Aadhaar A person's PAN card would cease to function if they do not connect their Aadhaar card to their PAN card by March 31, 2022. In order to comply with Know Your Customer (KYC) standards at clearing houses, banks, and even electronic wallets, a PAN Card is required. In summary, failing to link your PAN to Aadhar beyond the requisite period would be terrible for your financial health. A non-functional PAN card will have an effect on one's bank account deposits, as well as the interest received on those investments. TDS (Tax Deduction at Source) on interest above Rs 10,000 per year would double to 20% if the bank is not connected to the PAN Card. The TDS on interest earned above Rs 10,000 for bank accounts connected to a PAN card is 10%. Additionally, a Rs 10,000 penalty may be imposed under Section 272B of the Income Tax Act if you fail to connect the two papers by the deadline and your PAN becomes inoperative; it would be presumed that your PAN was not given in accordance with the law. The PAN enables the Income Tax Department to connect all of the assessee's transactions with the department. Tax payments, TDS/TCS credits, income tax returns, defined transactions, and communication are all examples of these transactions. It enables quick retrieval of assessee information and matching of assessee's different investments, borrowings, and other business activity. Linking PAN and Aadhaar is a simple process. Manner of doing Go to the e-filing portal of the income tax department to connect your PAN with Aadhaar. Link Aadhaar may be found on the left-hand side of the page. PAN, Aadhaar and name are all that are required. Attempt to solve the CAPTCHA and proceed. Your PAN Aadhaar Linking is complete after you click on the 'Link Aadhaar' option. After your Aadhaar information, such as name, date of birth, and gender, have been verified, the I-T department will complete the connection process.

The Reserve Bank of India (RBI) announced on Friday that the issue price for the next tranche of the Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days starting Monday, has been fixed at Rs 4,786 per gram. From January 10 to 14, 2022, the Sovereign Gold Bond Scheme 2021-22 - Series XI will be offered for subscription for five days. According to the RBI, the bond's nominal value is Rs 4,791 per gramme of gold. January 18, 2021, will be the date of settlement. A Government of India Notification dated October 21, 2021, states that the Sovereign Gold Bonds (Series IX) of 2021-22 would be offered for subscription from January 10-14, 2022 with the settlement date of January 18, 2022 in accordance with the conditions of the Notification. Investors who apply and pay online would receive a reduction of Rs 50 per gramme off the issue price, as agreed upon by the government and RBI. The Gold Bond would be priced at Rs 4,741 per gram of gold for these investors. The preceding series had a gold issue price of Rs 4,761 per gram. Limitation, Interest, and other Advantages: Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), post offices, and recognised stock exchanges such as National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) will all sell the bonds. Commercial banks (except Small Finance Banks and Payment Banks) will not. The maximum subscription limit every fiscal year shall be 4 kilogrammes for individuals, 4 kilogrammes for Hindu United Family, and 20 kilogrammes for trusts and similar corporations. The bond will have an 8-year term, with an exit option exercisable at the end of the fifth year on the next due date for interest payments. An annual interest rate of 2.50 percent on the nominal value of SGBs is paid out semi-annually to investors. Redeeming SGBs to a person results in no capital gains tax being due. Long-term capital gains resulting from the transfer of a bond will be eligible for indexation.

Since the interest rates on fixed deposits have fallen, more individuals are placing their money in savings accounts since the rates there are better than those on FDs. It is possible to deposit money, keep it secure, and withdraw monies from a savings account while receiving interest. It is advantageous to have a savings account because of the liquidity, interest income, and safety of one's money, as well as the possibility of earning more money through the automatic sweep between a savings account and an FD. In both private and public sector banks, savings account options are available to customers. Small private banks compete with the likes of HDFC Bank and ICICI Bank by offering greater interest rates on savings accounts. Top 5 Private Banks with the best Savings Rates: DCB Bank: DCB Bank provides savings accounts with interest rates of up to 6.5 percent. This bank has the best interest rates among private banks. Rs 2,500 to Rs 5,000 is the minimum balance. Bandhan Bank Bandhan Bank provides savings accounts with interest rates as high as 6%. Rs 5,000 is the monthly minimum balance requirement. RBL Bank RBL Bank is providing savings accounts with interest rates of up to 6%. The typical monthly balance requirement is between Rs 2,500 and Rs 5,000. Yes Bank Savings accounts can earn up to 5.25 percent interest. Between Rs 10,000 and Rs 25,000 is the average monthly amount needed for the account. IndusInd Bank Indusland Bank provides savings account customers with interest rates as high as 5%. . Similarly, IndusInd Bank's typical monthly balance requirement ranges from Rs 1,500 to Rs 10,000. If you're looking for the best interest rates on savings accounts, you should look for a bank that has a long history, a vast network of branches, and ATMs in all major cities.

There are numerous situations when your savings account cash are sitting idly in the bank. Assume you'll need money for a trip in June, but you'll have saved up the money by January. Either retain your money in a low-interest savings account or put it into an investment for a short time to earn better returns. Now you have two choices. If you want to protect your first investment, be sure it's in a safe option. Investing in fixed deposits or liquid funds is an option in this situation. Fixed Deposits It is a financial product issued by banks and non-bank financial institutions (NBFCs) that guarantees a fixed rate of return for a certain time period. Even while the interest rates aren't particularly great, they're still better than what your savings account gives. It's possible to set up a fixed deposit for a period of time ranging from 7 days to 10 years, depending on the amount of time you have available. An FD's interest rate depends on the length of the investment. For a longer period of time, you get a better rate. Liquid Funds Liquid funds are debt products that invest in fixed income instruments such as treasury bills, government securities, commercial papers and more. If you're looking for a short-term investment, this is a decent alternative. Its goal is to secure investors' wealth while also giving higher returns than a savings account. As a result, they exclusively purchase high-end equipment. Fixed Deposit vs Liquid Funds For one thing, FDs have a fixed rate of return; for another, liquid funds invest in money market instruments and, as a result, their rate of return might fluctuate. Liquid funds, on the other hand, tend to have a greater rate of return than FDs because of this. A bigger risk component than FDs, but lesser risk than mutual funds or trading. Fixed deposits, on the other hand, have a period of time during which they are locked in. There are penalties for early withdrawals, but it's possible. Contrarily, liquid funds provide a higher level of flexibility. After a 7-day grace period, you are free to cash out your units whenever you choose with no exit load. Liquid funds have a maturity of 91 days, whereas FDs have a range of 7 days to 10 years. You can reinvest if you decide not to take your money out after the 91-day period. Taxation Your FD interest is included in your taxable income and taxed according to your income tax bracket. Despite this, the bank/NBFC deducts a 10% TDS when you get your interest payments. In the case of liquid funds, long-term capital gains tax is imposed if they are held for more than three years. They are taxed at a rate of 20%, which is indexed. You'll have to pay income tax on the interest you've accumulated if you cash out your investments within three years of investing. FDs and liquid funds both have their advantages and disadvantages. So, how are we supposed to choose between the two options? Who should invest in an FD? Investors with a low tolerance for risk favour FDs over other investment options. Because they are sold by banks, FDs are regulated by the RBI, making them one of the safest ways to invest. Check the CRISIL rating of an NBFC's FD before you buy in one. Long-term investments yield bigger returns, thus they may be less profitable in the near term. If you keep your money in a savings account for five years, you may be able to get a tax break. Who should put money into liquid funds? Investors who are looking for a short-term place to keep their capital might benefit from liquid funds. Savings and money market accounts offer a set rate of return, whereas certificates of deposit (CDs) do not. They do, however, carry a higher level of risk than FDs. Fixed deposits and liquid funds are both excellent low-risk investing alternatives, but they have distinct advantages for various clients. Before making a decision, think about your risk tolerance and financial objectives.

Based on the Nifty Index Option pricing, the volatility index is a quantifiable measure of volatility. It is a key indication of market risk as well as investor mood. It's computed in percentages and forecasts how quickly prices will fluctuate over the following 30 days. Volatility is used to evaluate market emotion, specifically the level of fear among market players. The best bid-ask prices of Nifty Options contracts are used to compute it. VIX an Indian index? In reality, VIX is a registered trademark of the Chicago Board Options Exchange (CBOE). This index is used by the NSE, which has the necessary permits to use it in Indian stock exchanges. In truth, India VIX utilises the identical calculation process as CBOE, but with a few tweaks to account for the Nifty options. When the market index (Nifty) spikes or falls, the forecast of how quickly stock values will move in the near future changes as well. The volatility index would naturally stay low if the market traded flat for multiple days in a row. In other words, when prices vary dramatically, the volatility index rises. Purpose of VIX Direct correlation between market volatility and the India VIX - This means that if the VIX is extremely high, investors may fairly expect that the NIFTY will make some important announcements or developments. The greater the VIX, the more volatile the market is. Any change to the NIFTY 50 index, which is a standard for the whole economy, might have a significant impact. Investors should keep an eye on current VIX patterns since they can provide insight into what's to come. No noteworthy developments are foreseen while the index is low. India VIX and NIFTY have a negative connection — NIFTY's benchmark index will fall if the India Volatility Index rises. If VIX is high, this benchmark will be much higher. The NIFTY index was in the dumps during the 2008-2009 Subprime lending crisis and Lehman Brothers' (an investing and financial services powerhouse founded in 1847) subsequent collapse. Globally, the Volatility Index's meaning has been affected by events that affect the global economy in a significant way. After each of these incidents, the formula for calculating this index has been tweaked somewhat. Assists investors in assessing market mood – One of the most critical functions of a Volatility Index is to assist any investor, retail or institutional, in determining the market's attitude. A close watch on the VIX provides insight into whether one should purchase or sell particular equities at present pricing. A case in point is the pandemic in 2020. Markets tanked when the nationwide lockdown was announced in March. Indian equities lost about 40% of their net value, a significant economic shock that will take several years to recover from. Most indicators saw this as a signal to 'dump' their stocks at whatever price bands they were getting; there was worry that most equities would lose all value within a few months. As a result, the volatility index (VIX) serves as a useful gauge of market risk and investor emotion. It predicts how quickly prices will rise or fall over the next 30 days.

The initial public offering of a small or medium-sized business is referred to as a SME-IPO (IPO). It's a term used to describe the buying and selling of stock in small and medium-sized enterprises. Companies having revenues, assets, or workforces less than a specific threshold are known as small and medium-sized companies (SMEs). Depending on the industry, a small business is defined differently. Small and medium-sized enterprises (SMEs) in India employ the majority of the country's labour force, making them an essential aspect of the country's economy. Because the companies involved are small or medium-sized, the offering that opens is substantially less than those that are listed on the main exchange platforms of the BSE and NSE. The BSE SME platform (BSE) and the EMERGE Platform (NSE) were launched in the year 2012. For SME listing, the stock exchanges have their own set of qualifying standards in addition to the SEBI guidelines. Currently, the BSE has around 300 firms listed, while the NSE Emerge has over 180. SME IPO vs Traditional IPO An IPO requires quarterly reporting of results, but a SME IPO requires biannual reporting following the IPO. While the minimum allotment for an IPO is 100, the same quantity is just 50 for SME IPOs. Investments of 12,000 to 15,000 are typically required for a traditional initial public offering. However, small and medium-sized enterprises (SMEs) IPOs vary from 1,20,000 to 1,50,000. This is because SME IPOs may only be taken part in by long-term and capital-intensive investors. If you're a SME looking to go public, you'll need to submit an IPO application that's at least Rs.100,000, which is substantially more than the Rs.10,000 to Rs.15,000 ordinary IPO application. Criteria for SME-IPO offering issuance Only companies that meet specific SEBI requirements are allowed to issue IPOs in the SME-IPO category: Section 124 of the Companies Act, 2013, mandates that a firm must be able to show that it has distributed earnings in at least two of the last 3 financial years. According to the most recent audited financial reports, the post-issue capital should contain tangible assets of at least 3 crore and be in the range of 3 crore to 25 crore. The minimum trading bit for SME IPOs varies from 100 to 10,000 according to SEBI rules, depending on the price band. According to price fluctuations, these are re - evaluated and updated on an ongoing basis. How can you apply for a SME-IPO? An offline ASBA process is available to investors who want to apply for SME-IPO. The online option for the same has not yet been made accessible. Visit the bank's ASBA branch in your area for further information. To use this service, the investor must be a customer of that bank's branch network. Download the ASBA application form on the NSE/BSE websites or through your broker. Complete and submit the application form with all necessary information, such as your PAN number and your bank account number. It is the bank's responsibility to hold that money and send it to stock exchange for that IPO when the investor completes the form and sends it in. Small and medium-sized enterprises (SMEs) are essential for India's economic growth and for the creation of jobs, and the Indian market looks to be favourable for SME-IPOs owing to the backing of a large number of investors. Any initial public offering (IPO), SME or Traditional ipo,  carries risks. SME IPOs, on the other hand, carry a higher degree of risk. As part of the application process, prospective investors are required to conduct extensive due diligence on the company.

In the fourth quarter of 2021-22, the government kept interest rates on small savings plans, such as NSC and PPF, constant. During the second quarter of the current fiscal, the one-year term deposit programme will earn 5.5 percent interest, while the girl child savings scheme Sukanya Samriddhi Yojana account would earn 7.6 percent. The five-year senior citizens savings scheme's interest rate will remain at 7.4 percent. The interest on the senior citizens' plan is paid out every three months. The interest rate on one- to five-year term deposits will be in the range of 5.5-6.7 percent, paid quarterly, while the interest rate on five-year recurring deposits would be at 5.8%.

The asset manager of Nippon India Mutual Fund (NIMF), Nippon Life India Asset Management Limited, has announced the introduction of India's First Auto Sector ETF, the Nippon India Nifty Auto ETF. The Auto ETF is a closed-end fund that follows the Nifty Auto Index. India, Nippon The Nifty Auto ETF will invest in equities that make up the Nifty Auto Index in the same proportion that the Index does. According to the fund house, it would give exposure to the Top 15 (as per Nifty Auto Index methodology) firms in the auto-related sectors of Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries, and Tyres. On January 5, 2022, the new fund offer (NFO) will begin and end on January 14, 2022. The minimum investment amount required for the New Fund Offer (NFO) is $1,000, with subsequent investments in multiples of Re 1. The ETF will be tracking the Nifty Auto TRI index in order to deliver investment returns nearly equivalent to the total returns of the stocks as represented by the Nifty Auto Index before expenditures, subject to tracking error. However please note, there can be no assurance or guarantee that the Scheme's investment goal will be met.

A credit card balance is essentially the entire amount of money owed to the bank at any one time. When you use your credit card to make purchases, your credit card balance rises, and when you pay your credit card bills, your credit card balance falls. A credit card balance enquiry is a simple way to check this. Checking your credit card balance is vital because when you use a credit card frequently, you tend to loosen your grip on making expensive purchases, which can lead to debt. As a result, it's critical to keep track of your available credit card limit at frequent intervals in order to pay all of your bills on time. The credit card balance, also known as the statement balance, is made up of the unbilled amount as well as the outstanding amount owed to the bank/credit card issuer by the credit card holder. It's crucial to remember that if you don't pay your bills on time, you'll be charged financing charges on the amount you owe. Ways to Check Your Credit Card Outstanding Balance Internet Banking- With the rapid growth of technology, every bank now offers a net banking service to its customers. You can use your credentials to access your bank's internet banking portal. After you've logged into the portal, go to the 'My Account' section and select 'Credit Card Balance.' Alternatively, you can check the balance on your credit card under 'unbilled transactions.' Mobile SMS - If you've signed up for transaction alerts through SMS, your bank will send you a text message reminding you to check your credit card balance whenever you make a purchase with your credit card. As a result, keep an eye on your SMSs to check the balance on your credit card. Visiting the Bank's Branch- You can also visit your bank's nearest branch to inquire about your credit card balance. The bank staff will provide you all the facts regarding your available credit card balance after you provide a few card-related details. However, in today's technology-driven world, this approach is time-consuming and uncommon. Customer Service- You can contact your bank's customer service representatives and request information on your credit card minimum balance. The customer service representative will request an identification pin in order to verify your identity. For your convenience, customer service is available 24 hours a day, seven days a week. Mobile Application- Using the bank's mobile application is one of the simplest ways to check your credit card balance. If you've set up online banking, you may access your account from any mobile device and check the balance of your credit card with a single tap. You can also use a mobile application to accomplish a variety of other tasks, such as money transfers, asking modifications to the information presented, and updating your personal information. Visiting an ATM- Another option for checking your available credit card balance is to go to an ATM, insert your card, and follow the machine's straightforward instructions. You will, however, be required to enter your PIN in order to verify your identity. Monthly Credit Card Statements- Every bank and credit card provider sends out monthly credit card statements to their customers. This statement is sent to the customer's email or residential address at the end of each billing cycle (only if you have subscribed for a hard copy). The majority of issuers send out password-protected documents that only the cardholder and no one else may access. This password is usually a combination of the cardholder's card number, date of birth, and other personal information.

The Reserve Bank of India (RBI) published extensive instructions on the use of lockers and the responsibilities of both the locker owner and the bank in a notice dated August 18, 2021. If it fails to do so, the bank will be held liable for any damage or loss resulting from fire, theft, break-in, robbery, dacoity, or building collapse that occurs as a result of the failure or carelessness of the bank itself. It is impossible to claim that banks are not responsible for the loss of locker contents if they are responsible for the incidents mentioned above or if their employee(s) committed fraud. In these cases, the banks' liability shall be for an amount equal to one hundred times the prevailing annual rent of the locker. A new Board-approved policy and SOPs on safe deposit locker facilities/safe custody articles were also required of the banks, and they were outlined in a notified release. In addition, consumers must be made aware that their locker contents are not covered by the bank. Also, beginning January 1, 2021, bank locker operations will undergo a full overhaul.