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Location American Market News for 2 May 2026
Section 80C income-tax relief: From PPF to EPF and NPS - Here's which investment options give you ₹1.5 lakh deduction Taxpayers can rely on Section 80C of the Income-Tax Act to reduce their tax liability through deductions of up to ₹1.5 lakh in a financial year. Here are the investment options you can choose from:
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2008 housing crash fears resurfaces - but can buyers really follow Dave Ramseys 25% mortgage rule in 2026? Concerns about a housing market crash are growing among Americans as mortgage rates rise and inflation increases. Financial experts recommend keeping housing costs below 25% of income, though this is becoming difficult w...
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DA: Highest Dearness Allowance increase of 11% was in 2021 in the 7th CPC - Here's how much hikes have been announced DA hike: The highest hike for Dearness Allowance of central government employees came in 2021 with an 11% increase from the central pay commission. Here's a look at what increments have been announced over the past f...
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Bank deposit risk explained: What happens to your money if a lender fails to return it? Bank deposits are generally safe, but in case of bank failure, only ₹5 lakh per depositor is insured under the DICGC. This coverage applies to all accounts in a bank, with specific exclusions for certain deposits. Deta...
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Tax-saving FDs vs regular FDs: Interest rates, lock-in and tax benefits compared Fixed deposits (FDs) are favored for stable returns, with banks in India offering rates up to 7%. Tax-saving FDs provide deductions under Section 80C but have a 5-year lock-in. Interest rates vary, with senior citizens r...
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Sovereign Gold Bonds: RBI announces redemption price for 2018 series payable on 4 May; here's how much you gain The RBI has set the final redemption price for its Sovereign Gold Bond 2018-19 Series-I at ₹14,901 per unit, payable on 4 May 2026. Investors could see gains of nearly 386% from the issue price of ₹3,114 per unit.
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Income tax: How much cash can you deposit to prepay home loan principal without attracting I-T notice? Income tax rules discourage cash transactions, limiting annual deposits to ₹10 lakh. Experts recommend using savings accounts for cash deposits
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How to claim stuck NPS funds with interest? Step-by-step guide for subscribers Unclaimed National Pension System contributions can be retrieved through a mechanism specified by the Pension Fund Regulatory and Development Authority. Full details here.
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Family floater vs separate policy: Whats best health insurance policy for your elderly parents? Family floater health insurance premiums are primarily calculated based on the age of the eldest member covered. Other key factors are - sum insured, medical history of family members, and family size 
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Estate planning: How is fathers property divided among sons and daughters? Can a sister claim her brothers property? A married woman's share in ancestral property is influenced by laws, family dynamics, and social norms. Key laws - the Indian Succession Act and Hindu Succession Act emphasise equal rights for daughters and sons in i...
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Why has my ₹90 lakh home loan's principal reduced by only ₹6 lakh despite paying 60 EMIs? I asked ChatGPT I asked ChatGPT why the principal of my ₹90 lakh home loan hasn't decreased much despite paying off ₹45 lakh via 60 EMIs. Here is what AI said.
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25-year old techie shares how he built a ₹20 lakh portfolio in 3 years while earning under ₹10 lpa A 25-year-old tech professional built a ₹20 lakh investment portfolio in three years on a salary under ₹10 lakh. He attributed his success to disciplined saving, investing 80-85% of his income, and living with parent...
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I asked ChatGPT: How to build ₹10 crore retirement corpus? The answer was a wake up call Investing in mutual funds varies by age to build a ₹10 crore corpus. Younger investors benefit from compounding over decades, while older investors face increased monthly requirements. 
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Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on May 2 in Delhi, Mumbai, Pune, others Gold and silver prices remained stable in India's retail market on Saturday, May 2. Check retail rates of 24K, 22K gold, 999 silver today in major cities of the country.
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How long should term life insurance coverage last for family protection - 55 or 80? Expert weighs in | An FAQ If you have children -- especially a young family - a popular rule of thumb is to choose a term long enough to see them out of the house and through college.
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6 personal finance mistakes to avoid in May 2026 for a stronger financial future Avoid costly personal finance mistakes in May 2026 for stronger financial growth as poor planning, emotional investing and debt misuse can erode long term wealth stability and returns.
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8th Pay Commission: What you need to know about regional visits, deadline extensions, and policy meeting outcomes Fresh developments around the 8th Pay Commission updates include regional visits, extended deadlines, and key meetings shaping pay, pension, and allowance reforms for central government employees, pensioners, and associa...
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New income tax rules for doctors: Who needs to maintain Form 25 and why It is a prescribed daily case register required to be maintained by practitioners of any system of medicine under Rule 46(6) of the Income Tax Rules, 2026.
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Bank holiday today: Are SBI, HDFC Bank, and other banks closed on Saturday, May 2? Banks in India are open today, May 2, 2026, as it is the first Saturday of the month. They will be closed on May 9, May 23, and May 27 as per the RBI's holiday schedule. Online banking and ATMs remain operational dur...
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I asked ChatGPT: SIP or home loan prepayment- what's better? The answer was surprisingly logical As a 40-year-old married person with one kid, here's how you can repay your home and car loans while investing in SIPs. Follow this balanced approach to secure financial stability in the long run, as AI said.
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