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Parents, who were happy with fixed deposits, are being tutored by children on other investment options. Investors, young and old, must be aware of the risks. Sridharan S, founder of investment adviser Wealth Ladder Direct, recalls a PSU banker, who watched his children make enormous profits from stocks during the Covid-time boom. When he decided to take the plunge, he ended up losing most of his retirement corpus.

While BNPL schemes and offers are highly enticing, especially when people are desperate to take a holiday after being restricted inside their home due to Covid, it makes sense to be careful and not take too much debt.

While individual taxpayers who are not senior citizens get a tax benefit up to Rs 10,000 under Section 80TTA of the Income-tax Act on interest income from savings accounts, the entire interest income from FDs is added to their incomes

Credit cards will give you the option to pay a minimum amount on the payment for which you are excused from paying your late fees and can continue using the credit card.