Investments

All participating policies in force as of March 31 are eligible. Policyholders will receive the bonus on maturity, surrender, or as per policy terms. Source

CRED aims to address the limited awareness around loans against mutual funds in India. Source

Aimed at senior citizens aged 60 years or above, the new brochure explains the tax treatment of various retirement-related payments such as gratuity, pension, provident fund withdrawals, and interest income. Source

As the monsoon advances across India, the risk of urban flooding and vehicle breakdowns is expected to rise. Insurers urge policyholders to take preventive steps. The rains may not be in your control. But the damage doesn’t have to be out of your hands. Source

Banks will remain closed in Mizoram on June 30 to observe Remna Ni, also referred to as Peace Day. Customers can still use online or mobile banking services on bank holidays unless they are notified of technical or other concerns. ATM withdrawals will remain accessible in case of financial requirements, and both the app and…

According to Dennis Gabriel, Partner at Upwisery, staggered investing through STPs allows investors to navigate volatility while maintaining long-term commitment to their financial goals. Source

This authorisation allows Worldline to process cross-border online payments for import and export of goods and services. Source

As summer vacation season kicks in, Indian travellers are redefining how they spend on holidays, with a marked shift towards ‘immersive, memorable experiences.’ Source

The US lower house has passed the bill that envisages tax on remittances abroad. This move is likely impact the immigrant communities, including the Indian diaspora. The bill proposes 3.5% tax on remittances that will take effect from 1 January next year. Source

The department noted that additional time is required for system development, integration, and testing of e-filing utilities. Source