
Having a contingency/emergency fund offers financial security and peace of mind. It acts as a financial cushion that allows individuals or businesses to cover unexpected expenses without relying on credit cards, loans, or other forms of debt.

In the absence of Form 16, individuals can file ITR using documents such as salary slips, Form 26AS and investment records to claim deductions

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But after a big increase in the repo rates, banks have once again started paying more than 9 percent interest on FDs

July to September. Interest rates on many small savings schemes have been increased by 10 to 30 basis points.

PHK ventures is in the business of construction and development, hospitality and management services.

According to the data released by the ministry of finance, more than ₹ 7,100 crore was raised in the financial year 2023 through government gold bonds and gold monetization scheme. Whereas in FY 2022, this collection was more than ₹ 13,100 crore.

A model agreement was drafted by the Indian Banks Association but RBI later modified it, whereby the deadline was extended to the last day of the current calendar year

RBI has said that about 10% of the retail borrowers are regularly missing their EMIs but are just managing to stave off the non-performing asset stamp by scrambling to pay some amount before the mandatory 90-day deadline passes.