Our lives are now deeply influenced by the internet. We cannot imagine our lives without computers, mobile or internet. COVID-19 has just forced the world to heavily rely on the internet to sustain their business during lockdowns. Truly the internet is boon however; we cannot ignore the side effects. The internet also happens to be […]

…Health insurance is a technical concept wherein there are a lot of complicated jargons used in the policy. PPN in health insurance stands for Preferred Provider Network. It is a network of hospitals which are tied up with the health insurance company to provide cashless health claim settlements to policyholders. PPN rates are specialized rates […]

In the previous issue of October of MUDRA COMPASS, you have come across Bad Bank, in this article we are moving ahead with the current ongoing with this. Though Bad Bank is not for common people, still we think everyone should know what steps the Ministry of Finance and Government of India are taking to […]

We are always worried about safeguarding our valuables such as gold, silver, valuable stones, important documents etc., In earlier times, people generally had a Safe Metal Locker in their home. Sometimes it was inside the wall or even on the floor covered with tile. Before those valuables were stored in Kumbh – a kind of […]

On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961(the “Act”), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various […]

Everyone knows how to handle the money in a bank account and this is not a new thing, but it is difficult to claim money after the account holder’s death due to being unaware about the process or banking norms of a particular bank. India’s leading bank, State Bank of India has a set of instructions […]

Technology serves many purposes and post pandemic it has become an essential part of many vehicles of life. Banking is one of the verticals which is constantly upgrading with technology. So, much of our banking work has been completed through technology. However, exceptions are always there. One such exception is that senior citizens who are […]

Investing and saving go hand-on-hand. Post pandemic people learn the value of investing in the right place and saving some chunks for emergencies. In simple terms, saving means reserving some parts of earning or salary to invest in some financial products to gain monetary benefits.  Investment means utilizing the savings to gain some interest or […]

When it comes to an income tax, salaried people become more tensed because of lack of awareness towards a tax saving ways or lack of knowledge on a tax saving slabs. There are many products in the financial market which can help a salaried person to save a huge chunk of an income tax at […]

Most people buy health insurance policies to safeguard their health in some unforeseen situation, and they are no longer in financial stress when in need. Unfortunately, health insurance companies can sometimes be slow when it comes to processing health insurance claims. In some cases, a delay in a health insurance claim is the result of […]