Anulekha Ray

The interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. It is linked to the National Savings Scheme (NSC), a small savings program offered by the Union government. The RBI Floating Rate Savings Bonds offer an interest that is 0.35% higher than the prevailing interest on the NSC. The interest rate on Floating Rate Savings Bonds is reset every six months and due on July 1, 2024. What will be the interest on the RBI Floating Rate Savings Bonds 2020 from July? Should you invest in RBI Floating Rate Savings Bonds 2020 now? Check details.

UPI rule change for PPIs: Currently, money in your prepaid wallet (like PhonePe) can only be used for UPI transactions through the app offered by the wallet issuer itself. This limits your options — you can't use PhonePe money on Paytm or BHIM, for example. To address this, the Reserve Bank of India (RBI) has proposed allowing users to link their prepaid payment instrument such as wallets with any third-party UPI app. This means greater flexibility. What changes for UPI customers? How is this move going to help you?

HRA hike for central govt employees: After DA hiked to 50%, several other allowances including HRA of the central government employees, will also be increased. The 7th Pay Commission recommended that the rates of HRA be revised to 30%, 20%, and 10% of basic pay in X, Y, and Z cities, respectively, when DA reaches 50%. Will the central government release a separate order mentioning the hike in HRA as DA reaches 50% now? How much will the hike be in HRA now? When can central government employees expect the increased HRA? Know here

IRDAI extends the free-look period for life and health insurance policies to 30 days. This means policyholders have a month to review policy terms and return them. Insurance policyholders are eligible for a refund if they cancel the policy during the free-look period, regardless of how they purchased it (online or offline). Previously, only electronically purchased policies had a 30-day free-look window. How much

ET Online Leave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends to family – covering travel costs for your spouse and dependent children, and family members. To claim LTA, you need to submit documented proof of travel costs to your employer within the stipulated deadlines. Who can claim LTA? What are the documents that you need to submit? What are the conditions you need to keep in mind while claiming LTA? All questions answered. Stories you might be interested in Subscribe to our ET Investment Opportunities BACK TO TOP

Earlier, the Union Health Ministry said that central government employees have to mandatorily link their CGHS beneficiary IDs with ABHA numbers from April 1, 2024. In an Office Memorandum dated April 15, 2024, the Ministry of Health and Family Welfare, said, "To assist the CGHS beneficiaries, KIOSKS shall be made operational at all the wellness centers by 30.06.2024."

How to use multiple credit cards efficiently in India: Using multiple credit cards strategically can maximise benefits and improve your credit score. By using cards with different billing cycles, you can extend the interest-free period on your credit cards. Aligning your spending with cards offering specific rewards programs can help you save on groceries, online shopping, travel, or utilities. Here's how to effectively manage multiple credit cards.

In an Office Memorandum, the Ministry of Personnel, Public Grievances, and Pensions said, "The undersigned is directed to forward a copy of letter No. IRTSA/Memo-7 dated 26.02.2024 received from Shri R.V. Ramesh, General Secretary, Indian Railways Technical Supervisors Association on the subject mentioned above to the Department of Expenditure for further necessary action." Here's what the central government employees must know

In its latest regulations that came into effect on April 1, 2024, the insurance regulator removed the ceiling of 65 years for a person to buy a health insurance policy. It asked insurance companies to offer health insurance products to all age groups. The insurance regulator has also reduced the maximum waiting period for pre-existing conditions to three years from four years, starting from April 1, 2024. How will these new rules impact senior citizens? Check here

A handful of sovereign gold bonds (SGBs) are due for early withdrawal in May. How much tax will you have to pay if you withdraw prematurely? ET Wealth Online explains the nitty-gritty of premature withdrawal of sovereign gold bonds and the key aspects an investor must consider before going for it.