Savings account interest rates comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks

Latest news and updates about bank accounts: 1. RBI has allowed Video-KYC and extension of non-KYC bank accounts operation up to 31st Dec’21: On 5th may, RBI in a circular allowed banks and Financial Institutions to furnish periodical KYC over video and even if some one is not having KYC-compliance as on date, no restrictionsContinue reading “Savings account interest rates comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks”

Dearness Allowances, DA for Bank employees from 1st May 2021, as per 11th and 10th BPS

AICPIN-IW for March 2021 has been released by Labour ministry on 30.04.2021. After declaration of AICPIN-IW for March 2021, the DA for Bank employees from 1st May 2021 has been calculated below as per 11th and 10th BPS. 11th BPS DA for May, June and July 2021: on 04.05.2021, IBA has published the official orderContinue reading “Dearness Allowances, DA for Bank employees from 1st May 2021, as per 11th and 10th BPS”

DA hike for Central Govt. Employees, CDA based CPSE employees from 1st July 2021 and DR hike for Pensioners

AICPIN-IW for March 2021 has been released by Labour ministry on 30.04.2021. So, the DA / DR calculation for Central Government Employees and central autonomous bodies of 7th cpc, 6th cpc and 5th cpc have been updated till March 2021, which is shown below in the table. DA hike from 1st July 2021 for CentralContinue reading “DA hike for Central Govt. Employees, CDA based CPSE employees from 1st July 2021 and DR hike for Pensioners”

IDA from 1st April 2021 Calculation, for CPSE, PSU and Govt. employees, while IDA is freezed till 30th June 2021

AICPIN-IW for March 2021 has been released by Labour ministry on 30.04.2021. After declaration of AICPIN-IW for April and May 2021, the IDA from 1st July 2021 can be calculated. Already, the IDA calculation has been updated till March 2021 for DA hike from April 2021, which is shown below in the table for CPSEContinue reading “IDA from 1st April 2021 Calculation, for CPSE, PSU and Govt. employees, while IDA is freezed till 30th June 2021”

March 2021 AICPIN – IW for DA of CPSE, PSU, central Govt., Bank employees and Pensioners

The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for March 2021 has been released on 30.04.2021, Friday, the last working day of April month, by Labour Bureau, under Ministry of Labour and Employment. The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for April 2021 will be releasedContinue reading “March 2021 AICPIN – IW for DA of CPSE, PSU, central Govt., Bank employees and Pensioners”

HRA hike, TA hike for Central Govt. employees and CPSE or PSU employees from 1st July 2021

HRA will be hiked for 7th CPC Central Govt. employees and Armed Forces personnel, as DA crossed 25%, from 1st July 2021: Since 1st January 2021, the calculated Dearness Allowance is 28%. As per 7th CPC, there is a condition that HRA will be revised if DA crosses 25%. So, accordingly the HRA will beContinue reading “HRA hike, TA hike for Central Govt. employees and CPSE or PSU employees from 1st July 2021”

India’s Retail Inflation rate of March 2021, Consumer Price Index (CPI) number of March 2021

Retail Inflation rate and CPI number for March 2021 of India has been declared on 12th April 2021 (Monday) by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI). Retail Inflation rate in India for March 2021 is 5.52 % against 5.03 % in February 2021, based on CPI (General) whileContinue reading “India’s Retail Inflation rate of March 2021, Consumer Price Index (CPI) number of March 2021”

Current and Upcoming main board IPO, IPO Allotment link, IPO listing date, IPO performance

IPO (Initial Public Offering) Calendar: Date Event regarding IPO – Opening, Closing, Allotment, Refund, In Demat, Listing 22.04.2021 Macrotech Developers (Lodha) IPO listing date on NSE, BSE 20.04.2021 Shares of Macrotech Developers (Lodha) IPO in Demat Account 19.04.2021 Money refund date of Macrotech Developers (Lodha) IPO 16.04.2021 Allotment basis date of Macrotech Developers (Lodha) IPOContinue reading “Current and Upcoming main board IPO, IPO Allotment link, IPO listing date, IPO performance”

Post office and small savings schemes Interest rates from 1st April 2021

The interest rates for the period from 1st April 2021 to 30th June 2021 of several Post office and small savings schemes like PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits has been declared on 31st March 2021 and then revised on 1st April 2021, by the Finance Ministry.Continue reading “Post office and small savings schemes Interest rates from 1st April 2021”

DA for Indian Army, Navy, Air force from 1st Jan 2021, Risk & Hardship and other Allowances

Dearness Allowance, DA applicable to defence forces like Indian Army, Indian Navy, Indian Air force from 1st Jan 2021 will be increased by 3 % from 25 % to 28 % in 7th CPC pay scale. But, it will be added only from 1st July 2021, as DA is freezed till then by Govt. ofContinue reading “DA for Indian Army, Navy, Air force from 1st Jan 2021, Risk & Hardship and other Allowances”

Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator, Interest rate for April to June 2021 and maturity amount

If you are father or mother of a new-born or less than 10 years’ girl child, then this is the scheme you would always wanted to take it for the welfare of your child. As you see the interest rate on savings bank schemes, only direction it knows is ‘downward’. Also the fixed deposit interestContinue reading “Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator, Interest rate for April to June 2021 and maturity amount”

Excel Income tax calculator FY 20-21 (AY 21-22). Which one will save more tax, New income tax or Existing income tax?

Summary : Maximum savings – ‘Existing’ or OLD income tax rate slab, Minimum savings – ‘NEW’ income tax rate slab. Income tax rate slab for Financial Year 2020-21 (AY 21-22) in India : Smt. Nirmala Sitharaman presented Union Budget for FY 2020-21, in which she had mentioned all sector’s budget allocation, performance. GDP forecast, budgetContinue reading “Excel Income tax calculator FY 20-21 (AY 21-22). Which one will save more tax, New income tax or Existing income tax?”

FY 20-21 Income tax rate slabs – ‘Existing vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge

Major Contents in the Post: (Jump to the Section) For FY 2020-21, comparison of Existing vs New New Income Tax slab Income tax rate slab for people below 60 years of age Income tax rate slab for Senior citizen, aged 60 to 80 years old Income tax rate slab for Super Senior citizen, above 80Continue reading “FY 20-21 Income tax rate slabs – ‘Existing vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge”

FY 2020-21 or AY 2021-22 Income tax return e-filing, exemptions, deductions, e-payment, refund

Major Contents in the Post: (Jump to the Section) How to e-file Offline ITR and Online ITR in FY 2020-21 or AY 2021-22? Which ITR to file for different categories like Individual, 2-house etc in FY 2020-21 or AY 2021-22? Income tax Deductions list like 80C, 80D, 80G etc. in FY 2020-21 or AY 2021-22.Continue reading “FY 2020-21 or AY 2021-22 Income tax return e-filing, exemptions, deductions, e-payment, refund”

Fixed deposit (FD) interest rates comparison of ICICI, Axis, HDFC in March 2021

Fixed deposit interest rates comparison of ICICI, Axis, HDFC: ICICI bank, Axis bank, HDFC bank have revised their Fixed deposit or Term deposit interest rates in synchronization with latest RBI’s monetary policy. Again FD interest rates are in the downward trend. Here we have compared 3 largest private sector banks’ fixed deposit interest rates forContinue reading “Fixed deposit (FD) interest rates comparison of ICICI, Axis, HDFC in March 2021”

Dearness Relief, DR hike of Bank Pensioners from Feb 2021 to July 2021

The Dearness Relief, DR payable to Bank Pensioners for the period February 2021 to July 2021 has been declared below after release of December AICPIN-IW by IBA on 01.02.2021. Major Contents in the Post: (Jump to the Section) DA, DR, Slab of Bank Pensioners for duration Feb 21 to Jul 21 (IBA official order) DA,Continue reading “Dearness Relief, DR hike of Bank Pensioners from Feb 2021 to July 2021”

Union Budget 2021 highlights of tax and of all sectors of economy

The Finance minister Smt. Nirmala Sitharaman has presented the budget in Parliament for year 2020-21 on 1st February, 2021. The official website for union budget is https://www.indiabudget.gov.in/, where the current and previous budgets documents, economic surveys are available. Highlights of the Union Budget 2021

FY 2020-21 Income tax Sections of deductions and rebates for Resident and Non-Resident Indian

In a financial year, we can save income tax by investing in LIC, health insurance, medical preventive checkup etc. But, while filing income tax return, we have to claim these expenditure and investments to get the tax benefit. If you have not declared at the start of financial year about these investments and tax hasContinue reading “FY 2020-21 Income tax Sections of deductions and rebates for Resident and Non-Resident Indian”

Fixed deposit interest rates of SBI, PNB, BoB, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI in December 2020

After RBI’s change in monetary policy, most of the banks usually revise their Fixed deposit interest rates in synchronization with RBI. Here we have compared all the 12 public sector banks or nationalized banks – SBI, PNB, BoB, Canera bank, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI fixed deposit interest rates at one place.Continue reading “Fixed deposit interest rates of SBI, PNB, BoB, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI in December 2020”

Nifty 50 Exchange Traded Fund (ETF) like ‘Niftybees’, is’t safest bet?

Is the Nifty 50 Exchange Traded Fund (ETF) like NiftyBeES best and safest in the share market as market is falling and you are tempted to invest in the stocks which you always wanted to buy? Because as soon as you get into the stock, the share price of that particular stock starts falling, leftContinue reading “Nifty 50 Exchange Traded Fund (ETF) like ‘Niftybees’, is’t safest bet?”

%d bloggers like this: