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The federal government's Sovereign Gold Bond Scheme 2021-22 - Series VIII will open on Monday, November 29. The government said in a press release that the five-day opportunity to purchase digital gold during the eighth tranche of the offer in 2021-22 would conclude on Friday, December 3. The Reserve Bank of India said in a separate news release that the Sovereign Gold Bonds will be issued in four tranches from October 2021 to March 2022 . The Sovereign Gold Bonds, which were first issued in 2015, are government securities valued in grams of gold. The issuance price of the Sovereign Gold Bond has been set at Rs 4,791 per gram, according to a statement from the finance ministry. One bond is equal to one gram of gold in this situation. While the price per gram of gold is fixed at Rs 4,791, customers who subscribe online and pay in digital method would pay Rs 50 less per gram of gold, according to the government. The Government of India, in conjunction with the Reserve Bank of India, has agreed to grant a discount of Rs 50 (Rupees Fifty only) per gram to those investors who apply online and pay via digital channel. The issuing price of a Gold Bond for such investors would be Rs 4,741 (Rupees Four Thousand Seven Hundred Forty One only) per gram of gold "read the finance ministry's announcement Sovereign Gold Bonds can be used as collateral for loans, according to RBI standards. Any individual investor can subscribe for as little as one gram and as much as four kilos. Hindu Undivided Families can also purchase up to 4 kilogramme of gold, or 4,000 bonds. The weight restriction for trusts and other organisations is fixed at 20 kg. Even minors can also purchase bonds if their guardian submits an application on their behalf. One purchase these bonds from all major banks, the Stock Holding Corporation of India Limited (SHCIL), the Clearing Corporation of India Ltd. (CCIL), authorised post offices, and recognised stock exchanges such as the Bombay Stock Exchange and the National Stock Exchange can all purchase sovereign gold bonds.

Cancer, in its many forms, is an extremely distressing condition that can have a long-term influence on the patient's physical and emotional health. In 2018, 11,60,000 new instances of cancer were recorded in India, with 7,84,800 fatalities. Having Cancer Insurance may be a huge relief for many since it can spare them from the skyrocketing costs that drugs and treatment can entail. Fighting cancer is a difficult task, and Cancer Insurance may be of tremendous support to families and individuals by providing a variety of advantages. Cancer Insurance: Its Significance and Advantages: Gives those with a family history of cancer peace of mind: Over the last decade, the number of cancer cases has increased at an exponential rate. If you have a family history of cancer, your chances of acquiring cancer later in life are greatly increased. Being financially secure in the event of cancer: In India, the expense of cancer treatment is increasing at an alarming rate. This is mostly due to a significant increase in the number of cancer cases identified in the nation. The cost of cancer therapy is determined by a variety of factors, including the disease's stage, how early it was found, the duration of the treatment, the hospital, and many more. For anybody, this may be overwhelming. However, if the illness is identified in its early stages, you may be eligible for premium waiver benefits under Cancer Insurance Policies. Furthermore, a Cancer Insurance Policy can give you with a monthly income in the event of a major cancer diagnosis, keeping your life financially secure. Can be used in addition to your health insurance policy: Choosing a Cancer Insurance Plan, in particular, may be too expensive for those who cannot afford to pay several payments if they already have a Health Insurance Plan. Cancer Insurance, on the other hand, may be covered under that. To Conclude: Cancer has become a looming worry for many individuals as the number of cases continues to climb. Having a Cancer Insurance Plan may considerably decrease the stress of going through cancer treatment, not only because of the financial benefits it brings, but also because of the emotional support of knowing that you have the resources to get through this sickness and emerge victorious.

Top-Up Loan The Top-Up Loan, on the other hand, is an extra loan that the borrower can use to meet an emergency money demand. Personal loans can be used as an alternative to Top-Up Loans, however they are more costly. Personal loans are currently available at rates ranging from 10.75 percent to 11.5 percent, however Top-Up Loans are substantially less than personal loans because they are secured loans. Furthermore, personal loans have a maximum term of 5 years, whilst Top-Up Loans have a tenure equal to the unexpired time of the initial Home Loan. Balance Transfer on a Home Loan A Home Loan Debt Transfer is the process of transferring your outstanding Home Loan balance to another bank. The debt is still being repaid, but with a different lender. A loan balance transfer is decided to either lower interest costs or because the borrower is dissatisfied with the lender's service(s). Myrupaya's Take Both Home Loan Balance Transfer and Top-Up Loan have advantages and disadvantages. While one lowers the loan interest rate, the other provides you with an emergency fund at any moment.

Tax season makes the majority of us apprehensive, which is understandable. Before we pay our taxes and file our returns, there are a few things we should be aware of. Furthermore, if we lack the relevant knowledge, such operations would appear complex. Things have gotten a lot easier than previously owing to the internet. We live in an information era, with data easily available on the internet. Let's imagine you're unsure not just about how much tax you'll owe, but also about what kind of deductions you'll be able to claim. You'll have all the information you need at your fingertips with just a few short clicks. Here's a look at our investment declaration guide, which aims to provide you with all the information you need to pay your taxes and submit your returns appropriately. We all recognise the significance of paying our taxes. Having said that, we are also aware that we have a variety of legal options available to us to reduce the amount of taxes we must pay. At the end of the day, every single penny matters, thus if we can claim deductions, we should certainly do so. Of However, if you don't make or disclose your investments on time, you might not be able to take advantage of all of the tax benefits available to you. It's critical to understand how the Indian tax system works if you want to avoid paying hefty fines. Now, let's talk about the importance of investment declarations. Organizations' Accounts Departments request investment declarations from their workers at the start of each fiscal year. Employers will be required to take TDS from each employee's net income if this statement is not made, leaving little space for tax-saving deductions. Your company's Accounts Department will be able to accurately determine how much tax you owe if you share your investment declaration with them at the start of the year, and you'll likely earn a bigger take-home income each month. This is due to the fact that the tax deducted at source (TDS) is determined based on the investments you have made or plan to make. Section 192 of the Income Tax Act, 1961, is a good place to start if you want to understand more about TDS and how it works. It says that employers are required to withhold taxes from employees' salaries. The investment declaration referred to here relates to the tax-saving investments you wish to make this year. Here are some crucial considerations to keep in mind: Your employer will examine the suggested tax savings deductions from your wage after receiving the declaration before computing the tax to be deducted at source. As a result, your total expected compensation for the whole year, as well as the estimated TDS, would be lowered. The most popular tax saving investments with an annual maximum of Rs. 1.5 lakhs may be found under Section 80C of the Income Tax Act. The disclosure will also address deductions under Section 80D and Section 24. If your employer merely wants the declaration, you don't have to present any more paperwork to prove that you made tax-saving investments at that time. Also, bear in mind that the declaration isn't limited to investments; it may cover other expenses as well, such as a loss from a home owing to a Home Loan's interest payback. In the months of January or February of the provided Financial Year, your company may need you to present supporting documentation or evidence of investments. The deadline for submitting your supporting papers varies every organisation, but you must submit them by the 10th of March every year at the latest. Your employer will receive the documents, validate them, and deduct the appropriate amount of tax. These are the most important tax-saving investment proofs: 1. Section 80C investments: These include Mutual Funds, Equity Linked Savings Schemes (ELSS), Life Insurance, Sukanya Samriddhi Scheme, and Public Provident Funds (PPF). 2. Tuition Fees: Photocopies of school receipts with your child's institution's seal and the receiver's signature are required. 3. First-time homeowners: Section 80EE of the Internal Revenue Code gives tax incentives to first-time homebuyers whose loans were approved during the previous fiscal year. 4. Repayment of a housing loan: A certificate detailing the principal paid over the course of the financial year must be supplied. 5. Interest on Housing Loan - Loss from Self-Occupied Housing Property: The interest certificate, which contains the principle amount and interest break-up, must be received from the Bank or Financial Institution. 6. Loss from rented housing property – interest on Housing Loan: The same certificate as before will be required. 7. National Pension Scheme (NPS): If NPS investments are made under the Employee Model or Corporate Model, there is no need to present documentation. If you've invested more than Rs. 50,000 on your own, you'll need to produce copies of your PRAN Card and NPS Transaction Statement to qualify for a Tier 1 Account. 8. Mediclaim Premium: Request that your insurer issue you a statement for Section 80D tax purposes. A salaried employee must submit Form 12BB to his or her employer to collect tax advantages or rebates on investments and expenses beginning June 1, 2016. Generally, Form 12BB must be presented at the conclusion of the fiscal year. The form is a declaration of claims for tax deductions made by an employee. You might be unsure how to fill out Form 12BB correctly. Viewing a completed Form 12BB example is a simple way to achieve this. You can simply get your documentation in order and submit it on time now that you know how to fill out Form 12BB. Take advantage of the situation and save as much money as possible.

We are certain that you dislike paying credit card interest on your hard-earned money. Additionally, we are aware that everyone desires to save money. Let's examine how to maximise the grace period on your credit card. Managing your payments is a difficult effort in and of itself, but when credit card interest rates kick in, the work becomes even more difficult. To prevent incurring credit card debt, you might utilise your credit card provider's grace period. ICICI Bank is a well-known bank that also provides other services, such as the grace period. For the services offered, ICICI Bank credit cards are one of the most popular in the industry. Let us begin by defining the interest-free grace period that credit cards provide. Period of No Interest (Grace): When using an ICICI Bank Credit Card, the grace period is typically between 18 and 48 days. Let us examine the interest-free period in further detail: For example, if your credit card statement covers the period from 15th April to 15th May, the payment due date is 2nd June. Assume you paid the whole balance due on your previous month's credit card statement on the specified due date. As follows would be the grace period: If you make a purchase on April 24th, the interest-free grace period will begin on April 24th and will extend until June 2nd, a total of 40 days. On the other hand, if a purchase is made on May 14th, the interest-free grace period begins on that date and continues until the payment is due. In general, the grace period varies by purchase date. As a credit card user, there is no interest-free period if you have not made any payments by the due date. Guidelines for maximising the grace period on your credit card To take advantage of your grace period and prevent incurring interest charges, make monthly credit card payments on time. Ensure that you pay your entire monthly bill. If you are unable to make a full payment on your credit card statement, make a minimum payment. The less the balance on your credit card, the lower the interest rate will be. What happens if you do not pay your bill by the due date? Once the grace period expires and you have not paid the entire balance of your credit card statement, your credit card provider will revoke your grace period permission. Then, you must pay the bill before the cycle expires or you will be charged interest immediately upon the expiration of the period. How do you regain access to your grace period? All you have to do is make on-time payments on all of your credit card bills before the cycle expires. Your credit card company will closely monitor the dates on which you pay your bills. After several cycles of on-time and full credit card payments on your part, your credit card company will almost certainly reinstate your credit card grace period.

Your creditworthiness, which is primarily expressed by your credit score, plays a key role in a lender's decision to provide you a loan or credit. The higher your credit score, the more likely your loan will be granted and on better conditions. Continue reading to learn how a gold loan might effect your credit score. Even if you have a steady job and savings, you can run out of money for an emergency or other important needs like a foreign education or a wedding. Although credit cards can be used to manage smaller sums, you may require a loan in other circumstances. A gold loan, among the several forms of loans available on the market, has simple documentation, competitive interest rates, and speedy disbursal. Let's take a closer look at gold loans. Gold Loan is a secured loan offered by public and commercial banks and other financial organisations in exchange for gold jewellery and decorations as collateral. You may usually get a gold loan for a large sum of money, up to Rs. 1 crore. When applying for a gold loan, you must present KYC documentation. Because it is a secured loan, no evidence of income is necessary. The amount of a gold loan is determined by the gold rate, loan term, number of ornaments, carat rating, and weight. Overall, it's a practical solution that may be utilised for a variety of reasons. Let's take a look at how a gold loan affects a credit score: Credit Scores and Gold Loans Because gold loans are secured by valuable jewellery, credit ratings aren't as important as they formerly were. However, failing to repay the loan on time or in full may have an impact on your credit ratings. It is recommended that you take out a gold loan only if you are sure in your ability to repay the loan in a timely manner without jeopardising other obligations. Your credit score may suffer as a result of a missed or late payment. The Benefits of Repaying a Gold Loan on Your Credit Score: Gold loans, like any other loan, will have a favourable influence on your credit score if you pay them back on time. Using Gold Loans to Maintain a Better Credit Score: You have the option of paying back your debts in regular EMIs or in whole at the conclusion of the loan term. Whatever the situation may be, make every effort to pay your bills on time. Make sure you don't miss a payment beyond a particular deadline, causing the lender to sell your gold to recoup the money. Defaulting on or delaying a loan repayment, whether it's a gold loan or any other loan, can have a variety of implications depending on the lender, but you should expect significant harm to your credit score. You must make sure that your payments are made on time and in a responsible manner.

Property investments may be divided between commercial and residential properties. Depending on what you want to do with the property you're purchasing, you'll have different preferences. What is your motivation for purchasing a piece of real estate? The needs of your family or business (if the purchase is for commercial use) should be taken into consideration when purchasing a property for personal use. Use the property for whatever long you like, then sell it when you're ready to upgrade or relocate, whether it's for financial reasons or another reason. You'll have to spend money on things like maintenance and upkeep, interior design, and other assorted amenities if you buy this kind of home. Because of this, your home will still be worth what the market is willing to pay, and it will be an asset in your financial portfolio. In addition, you can acquire a home with the intention of renting it out and then resell it for a profit. It's best if the monthly rent on these homes exceeds or at least matches the monthly EMIs paid on the property. In addition, remember the '1 percent rule of investing' — the monthly rent on the property must be equal to or no less than 1% of the purchase price. As a short-term investment, it's an excellent idea to acquire an under-construction home and then sell it off when it's finished. Your profit margin, however, may not be particularly high. Long-term investors should look in a region that is in the midst of growth, take advantage of early bird prices and facilitate property valuation, and then sell it off when the development is at its peak and reap the benefits. A few more things to bear in mind when making a real estate purchase are: Area/location Taxes on property The average cost of living in the area The value of a property (Both Current and Future) Potential avenues for growth

When making travel arrangements around Christmas and the New Year's holiday season you may find yourself paying 25-30% more due to higher flights and accommodation prices. As a result of vaccines and increased trust among domestic travellers, the aviation industry has returned to levels that were virtually identical to those prior to the outbreak of the disease. Year-end holiday plans are also boosting hotel occupancy rates. Advance reservations for domestic locations like Srinagar, Goa, Jaipur, and Leh have risen the most. The Maldives, Dubai, and Abu Dhabi are the most popular locations for foreign travel, with the biggest number of advance bookings. For the next month, flights and hotels in the United Arab Emirates are expected to be nearly filled.

It has been suggested to all agency banks that disburse central government pensions that banks should not insist on creating a new account if the spouse (family pensioner) chooses to use the current joint bank account. The purpose of having a joint bank account is to guarantee that family pensions may be started immediately and that the family pensioner does not face any challenges as a result of opening a new pension bank account. This also guarantees that the family pensioner submits little papers when requesting the start of family pension. What documents are necessary to apply for a family pension? According to the Department of Pensions and Pensioners' Welfare (DoPPW), the Pension Payment Order shall include the name of the pensioner's spouse or family member (PPO). To be eligible for the pension, the family member must present the following documents: If the pensioner's account was joint with his or her spouse when he or she died -Copy of a pensioner's death certificate A letter or application requesting the establishment of a family pension. -Recipient receives a copy of the PPO -Age verification, applicant's date of birth In this instance, the spouse is not obliged to provide the bank with Form 14 for the purpose of initiating the family pension. There is no joint of a deceased pensioner with his or her spouse. -Application form 14 with two witnesses' signatures -Copy of a pensioner's death certificate -Recipient receives a copy of the PPO -Age verification or applicant's date of birth In this scenario, the Gazetted official is not required to certify Form 14. However, payment is necessary to identify the spouse or applicant family member using the PPP information supplied for KYC reasons. For the purpose of transferring pensions in the event of the pensioner's and his or her spouse's deaths If another family member is recognised in PPO, the same procedure as in scenario 2 must be followed. However, if the applicant's other family member's name is not listed on the PPO, he or she must visit the office where the Government servant/pensioner most recently served to obtain a new PPO.

The National Pension System (NPS) is a government-sponsored social security programme that aims to provide retirees with a regular stream of income. Pension fund regulator PFRDA in India has made many regulation adjustments over the years so that individual investors can more easily participate. As a hybrid investment strategy, experts suggest it can help young people establish a big retirement corpus by investing modest sums each month in a variety of asset classes. It is possible to get both a fixed monthly income and a lump payment at the time of retirement by investing in the National Pension System (NPS). If you pick the return of premium option, you can withdraw up to 60% of your maturity corpus from the NPS tax-free, and with the rest, you must purchase an annuity from a life insurance company, which on average provides annuity income at an annual rate of 5% to 6%. NPS offers a variety of fund alternatives that allow you to select a combination of debt and equity, with the maximum equity component not exceeding 75% of the investment amount. In the long run, one might anticipate a 10-11% yearly return if he allocates 75% of his NPS investment to stocks and 25% to debt, according to financial advisors. By contributing just Rs 300 per day or Rs 12,000 per month when you obtain a job at the typical retirement age of 24, you may build a retirement corpus of almost Rs 5 crore (see the NPS calculator below) by the time you reach the traditional retirement age of 60. 60 percent of the retirement corpus can be withdrawn as a lump payment and the remaining 40 percent must be utilised to purchase an annuity. Assuming an annuity return of 6%, you may expect to retire with a monthly pension of Rs 1,00,000. Increase your retirement income by investing amount in mutual funds: You can increase your retirement income by putting the lump sum money in an equities savings fund and withdrawing a specified amount from that fund every month using a Systematic Withdrawal Plan (SWP). It should be emphasised that equity savings funds invest in equities, equity arbitrage positions, and debt with a minimum of 65 percent exposure to equity-related securities. While these products produce better long-term returns with reduced volatility than debt funds, they also benefit from the tax advantages of an equity fund. Long-term capital gains from equities savings accounts are taxed at 10% once you exceed the Rs 1 lakh barrier. During this procedure, you can take additional Rs 1.5 lakh using SWP while guaranteeing that your capital or investment amount of Rs 3 crore grows. According to Value Research, the previous 10-year annualised returns of equity savings funds have been greater than 8%. If we believe that these returns would be maintained in the future, your investment will continue to grow even if you remove 6% of the corpus (Rs 3 crore) yearly through SWP (Rs 1.5 lakh*12).

Your ITR must be verified within 120 days after being submitted, otherwise it will be declared invalid. Aadhaar-based OTP is the simplest way to authenticate your ITR. There are two requirements that must be met in order for this technique to be used. As a first step, you should link your Aadhaar to your PAN number, and then to an active mobile phone. But if you don't match the aforementioned two requirements, you can't use Aadhaar-based OTP to authenticate your ITR. It's worth noting that you may validate your ITR in five other methods, one of which is offline. Aadhaar-based OTP verification isn't the only option for verifying your ITR. Using Net Banking: Select the bank from which you may access your net banking on the e-filing portal's e-verify page. Please visit the bank's online banking website to continue. Complete the procedure by selecting the e-verify option after logging in. Using a Demat Account: Taxpayers with pre-validated and EVC-enabled demat accounts can use this procedure. Select 'Through Demat Account' on the e-Verify screen and click 'Continue'. We'll produce an EVC for you and provide it to your phone or email as soon as it's available. e-Verify your demat account by entering the EVC obtained on your mobile phone and email address associated with your demat account. Via Bank ATM: Seven banks accept e-verification using an ATM card from customers. Banks like Kotak Mahindra, Canara, ICICI, State Bank of India, IDBI, and Axis are part of this group. You can use your bank ATM card to create EVC if you have a bank account with one of the listed institutions and your PAN number is connected to it. Your ATM card may be swiped at an ATM in order to achieve this. To generate an EVC for tax purposes, enter your ATM PIN and choose Generate EVC. You'll receive an EVC through text message and email, depending on how you provided us with your contact information. Enter the 'e-verify returns' option now, and proceed. To validate the ITR, pick the 'I already have an Electronic Verification Code' option when prompted (EVC). Enter the EVC code and click on the e-verify button. Sending an ITR-V receipt with a signed copy: As a means of validating your tax return, you may transmit a signed copy of ITR-V (Acknowledgement receipt). Nonetheless, it is required that the return be signed in blue ink, and it must be mailed by regular or expedited mail. Don't send ITR-V through courier. CPC Bangalore's speed post address is 'CPC, Post Box No. 1, Electronic City Post Office, Bangalore - 560100, Karnataka, India'. You will receive an SMS and email notification once your ITR has been received. Using bank account: Using your bank account, you may generate an Electronic Verification Code (EVC) to validate your ITR. To generate an EVC, you must have a bank account that has been pre-validated. If you want a tax refund, make sure your bank account has been pre-validated.

The greatest way you can prepare yourself to assume a financial commitment the magnitude of a house loan is by understanding exactly how much you will have to pay back, across the life of your loan term. To enable you to do so, there are various online Home Loan EMI Calculators that assist you build up a realistic repayment plan, enabling you the foresight to financially prepare for your future. The online calculator tools are designed to provide optimum user-friendliness, and even enable you toggle with your chosen interest rate, loan amount, and loan tenure - displaying you numerous different payback plans, based on what you pick. Different Home Loan Amounts' Monthly Payments For salaried professionals, Bajaj Housing Finance Limited offers a house loan with interest rates starting at 6.70 percent per annum, with a 30-year loan term, making it one of the most appealing alternatives in the market. In addition to being able to borrow up to Rs.5 Crore* in total, candidates who match the qualifying requirements would pay EMIs as low as Rs.645/Lakh*. Use their Home Loan EMI Calculator to estimate your monthly payments if you're thinking about applying for this loan. Here are some examples of the numerous EMIs that can be paid throughout the course of a loan's term, dependent on the amount of the principle and its length. The yearly rate of interest is 6.8% p.a. Online Home Loan EMI Calculator's Benefits: Using the Online House Loan EMI Calculator is highly recommended before submitting official loan applications for a home mortgage. As an added bonus, it has the following features. 1. Predicted EMI Revenue: One of the best features of the Online Home Loan EMI Calculator is that it provides you with an exact depiction of how much you'll have to pay in EMIs over the life of your mortgage. You may also get a breakdown of the total amount you owe, including how much you owe in principal and how much you owe in interest. 2. Computations with No Errors: When we perform our own computations by hand, there is always the possibility of human mistake. Why leave it to chance when you can use the free online Home Loan EMI calculator to get precise and error-free figures based on the information you provide? This method also informs you of how you should arrange your money if you intend to apply for a house loan in the future. How Do I Calculate My Monthly Repayments? Online home loan calculator: As with the Home Loan EMI Calculator, this online tool employs the same algorithm to show you your EMI schedule. However, it's important to keep in mind that actuals might alter if a borrower chooses to prepay some of the loan. Changes in the Monthly Payments and Interest Rates on Home Loans: As many partial prepayments as a customer desires are allowed during the loan term, and their EMIs will adjust to reflect this. Net home loan interest will be reduced as a result of the payment. The Bajaj Housing Finance Part-Payment Calculator can help you get an idea of how much money you'll save on your monthly EMI and tenure.