Personal Finance
Nominee vs Legal Heir – Who Will Get Your Assets When You Die?
Sumit has investments in FDs, mutual funds, equities and real estate. He has named his wife the nominee for her FDs and real estate and her mother the nominee for mutual funds and equities. He thought that after her death, her assets would be divided according to the nominations, but that’s not the case. Let’s ... Nominee vs Legal Heir – Who Will Get Your Assets When You Die?
- Anshul Gupta
- 15 December 2023 • 5 min read
Is FD a Wealth Destroyer?
Fixed Deposits are the most trusted investment options among Indian households. Nearly 95% of the Indians prefer to park their idle funds in the FDs. Why? Fixed Deposits offer the lowest returns as compared to other investment avenues. They have a specific lock-in period, and the investor needs to bear a penalty in case of ... Is FD a Wealth Destroyer?
- Vinay Dubey
- 6 December 2023 • 4 min read
You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days
The Reserve Bank of India released a new circular on October 26, 2023, stating that you will get ₹100 per day if your complaint against credit information companies is not resolved within 30 days. In this article, we will try to understand the implications of this rule. First, let’s understand which organisations are involved in ... You Will Get Rs 100/day for Unresolved Complaints Beyond 30 Days
- Anshul Gupta
- 5 December 2023 • 3 min read
How to Cancel PAN Card Online After Death of Holder?
What is PAN Card PAN, a personal identification number, is a ten-digit alphanumeric number that identifies the taxpayers in the country and is issued to Indian citizens by the Income Tax Department. PAN works as an identity proof for an individual, which is issued in a laminated card consisting of the Name, father’s name, Date ... How to Cancel PAN Card Online After Death of Holder?
- Prateek Agrawal
- 10 June 2023 • 9 min read
PAN Card Rejection – Common Reasons & How to Avoid Them?
The Permanent Account Number(PAN) system was enabled by the Income Tax Department in the year 1972 to have a unique identification for all the eligible taxpayers of the country. These eligible taxpayers include individuals, Hindu Undivided Family (HUFs), companies, trusts etc. All of them can apply for a PAN card to keep track and record ... PAN Card Rejection – Common Reasons & How to Avoid Them?
- Nishant Prasad
- 6 April 2023 • 9 min read
Change Name in PAN Card after Marriage
The Income Tax Department enabled the Permanent Account Number (PAN) system to avoid miscalculations and errors in tax assessments. The earlier system of tax assessments of the citizens of India was familiar to some individuals. Hence, PAN was taken into force by the Government of India in the year 1972, where a unique identification was ... Change Name in PAN Card after Marriage
- Prateek Agrawal
- 6 April 2023 • 7 min read
How to Link PAN to Aadhar on Income Tax Portal?
As higher income attracts higher taxes, some people have got multiple PAN cards issued in their names to divide total income under different PANs to avoid paying higher taxes. To prevent this malpractice and to avoid cases where the same PAN is issued to more than one individual, the government has taken the decision to ... How to Link PAN to Aadhar on Income Tax Portal?
- Ramya Rajasri
- 6 April 2023 • 7 min read
Emergency Credit Line Guarantee Scheme (ECLGS)
The COVID-19 pandemic hit very hard on Indian business enterprises. The companies struggled a lot to meet their daily expenses. To mitigate the losses caused by the Covid-19 pandemic on various business enterprises in the country, the Indian Government launched an Emergency Credit Line Guarantee Scheme (ECLGS). What is ECLGS? The ECLGS scheme was announced ... Emergency Credit Line Guarantee Scheme (ECLGS)
- Darshan Maheshwari
- 26 March 2023 • 6 min read
How to apply for a PAN card? Eligibility & Benefits
To avoid miscalculations and errors in tax assessments, the Permanent Account Number (PAN) system was enabled by the Income Tax Department. The earlier system of tax assessments of the citizens of India was not unique to every individual. Hence, PAN was taken into force by the Government of India in the year 1972, where a ... How to apply for a PAN card? Eligibility & Benefits
- Ramya Rajasri
- 3 March 2023 • 9 min read
Personal Loan Balance Transfer: Definition, Mechanism, Eligibility & Benefits
Personal loans have simplified the system of taking loans during a dire emergency. It can easily credit your account with a lump sum once your request for a personal loan is approved. This facility can be a lifesaver but comes with a hefty interest rate. Since you can avail personal loans without collateral, these loans ... Personal Loan Balance Transfer: Definition, Mechanism, Eligibility & Benefits
- Anshul Gupta
- 22 January 2023 • 6 min read
