There are two proposals in the works that the PFRDA will put forth to the finance ministry after the feedback it received from subscribers.One of the options that PFRDA is working on is introducing a Systematic Withdrawal Plan (SWP) for NPS subscribers on maturity as an additional option.

Airtel Payments Bank customers can also do financial transactions at any Aadhaar-enabled payment system.One can make a transaction with just Aadhaar number without revealing bank account or debit card details

A small portion of the estimated ₹10,000 crore AT1 bonds issued by the bank are also held by individual investors.Many of the investors are guilty of believing that the bonds are as safe as FDs and will give better returns

The fall of about 30% in the markets in the first two weeks of March allowed investors to take advantage of lower stock prices.To be sure, a single investor can have multiple folios and the 50% jump does not mean that the number of new investors has jumped by 50%

The regulator has asked life insurance companies to allow a one month extension on premiums due in the month of March 2020.Health insurers have been asked to accept a delay in policy renewals up to 30 days without deeming the same as a break in policy

Rates of these schemes have been slashed by between 70 bps and 140 bps for the April-June quarter.Those who depend primarily on the income from these fixed instruments, may need to revisit their portfolio

Physical market participants also noted the effect of coronavirus-related restrictions on gold trading

Full deduction can be claimed by an employee while referring to the Form 16 issued by the employer

Employees will have to inform their employers about their intention to opt for the new optional tax regime to enable the latter to deduct TDS while paying salaries, says CBDT

Retail borrowers who are facing difficult times, and are unable to repay their loans even after the moratorium ends, will get another three months to regularise their loans.As a standard practice, lenders need to classify a loan as NPA if a borrower doesn’t repay for 90 days.

Irdai, on Tuesday, asked all general and standalone health insurers to give policyholders the option to pay health insurance premiums in instalments