Financial Literacy News: Parents investing in Sukanya Samriddhi Yojana (SSY) for their daughters should deposit the money before April 5 to maximise returns for the current financial year, 2024-25. Early investments qualify for higher tax-exempt interest, ensuring greater savings for the future of the girl child.
To resolve complications and ease financial year closure, the Reserve Bank of India, Insurance Regulatory Development Authority of India (IRDAI) and the Income Tax Department have made March 31 as a working day.
India's Reserve Bank, Insurance Regulatory Development Authority, and Income Tax Department have declared March 31 as a working day to facilitate timely financial transactions and tax obligations.
India Business News: "The government announced on Thursday that the interest rates on various small savings schemes will remain unchanged for the quarter starting April 1,