According to PTI news, last Friday, the Chief Minister directed the officials of the Stamp and Registration Department to provide one percent discount in stamp duty to women for registration of property up to one crore rupees.

Earlier the limit was only Rs 10 lakh

According to the news, earlier the limit of stamp duty exemption for women in Uttar Pradesh was up to Rs 10 lakh for property. According to an official statement, the Chief Minister also directed to charge a maximum fee of Rs 5,000 for division and registration of ancestral properties. He also emphasized on uniform circle rates, mandatory document verification before registration and use of technology for a simple process.

Instructions to make services digital

The statement said that the Chief Minister also directed the officials to improve the infrastructure of the registry office and make all public services digital. Stamp duty in Uttar Pradesh is a tax which is mandatory to be paid while registering a property transaction. Stamp duty is different for every property transaction in Uttar Pradesh. However, the Uttar Pradesh government has provided major relief on these charges in case of property transactions between blood relatives. This has relieved the people of Uttar Pradesh from a huge financial burden.

Stamp duty in UP varies depending on gender and deed type. It is important to pay stamp duty as it will ensure that the transaction is legal. Stamp duty in UP ranges from 5% to 7% of the market value or circle value of the property, whichever is higher.

The post Women will get 1% Discount in stamp duty on registration up to one crore first appeared on Rightsofemployees.com.

Talking about the facilities of this savings account, it includes benefits like dedicated women financial experts, customized basket of stocks and help in their health, lifestyle and family.

Why did Axis Bank launch savings account for women

According to the latest data from the National Statistical Office (NSO), women’s share in India’s total bank deposits is only 20.8 percent. At the same time, women’s share in all bank account holders is 36.4 percent. Women’s deposits in metropolitan areas are only 16.5 percent, while in rural areas it is 30 percent. This shows that there is a need to remove financial inequality and increase women’s participation. Axis Bank claims that its ARISE Women’s Savings Account will play an important role in this direction.

Amitabh Chaudhry, MD & CEO, Axis Bank said, “The current financial landscape cannot be a one-size-fits-all solution anymore. It is time to focus on the specific challenges and opportunities faced by women. The Arise Savings Account will go a long way in helping women reach their power and potential. We believe that empowering women financially creates a ripple effect that strengthens families, communities and the nation as a whole.”

Family Banking Programme- Benefits extended to three family members. Includes option to link children’s accounts even without initial deposit.Locker benefits: No rent for small and medium lockers for the first year. From the second year onwards, 50% discount will be given on normal rates.

Arise Debit Card- High transaction limit of Rs 5 lakh at POS and Rs 1 lakh at ATM. Lounge access and reward points included.

Complimentary Neo Credit Card – Includes instant 10% discount on BookMyShow (upto Rs 100/month), up to 40% off on Zomato orders and 1 Edge Reward point on every Rs 200 spent.

Financial Benefits of ARISE Women’s Savings Account

• Financial guidance by women experts.
• Exemption from AMC in the first year for Demat account.
• Option to invest in a customized basket of stocks.
• Recommend Stocks at 50% Discount on SmartEdge

Healthcare benefits

• Up to 70% off specialty diagnostic tests for women, including pap smears, mammograms and cancer screenings.
• Unlimited consultations with top hospital specialists including general physicians, nutritionists, psychologists and pediatricians.
• Up to 10% discount on pharmacy prescriptions, access to wellness sessions including unlimited on-call consultations with dermatologists.

Lifestyle offers and discounts

• Exclusive childcare benefits with FirstCry Club membership.
• Free Swiggy One Membership.
• Get up to 10% off on beauty & fashion products at Nykaa.

The post Axis Bank launches special savings account for women, will get many health and financial benefits first appeared on Rightsofemployees.com.

Significantly, due to lack of information, many women are unable to invest their savings in any good schemes. In this episode, today we are going to tell you about a wonderful scheme of LIC. The name of this scheme of LIC is Aadhaar Shila Plan. A large number of people in the country see LIC as a safe investment option. For this reason, instead of investing in any other schemes, most people invest their money in LIC. In this episode, let us understand about the maths of investment in which you can collect Rs.11 lakh by saving Rs.87.

For this you have to save Rs 87 daily. In this case, a total of Rs 31,755 will be collected with you in a year. If you invest in LIC Aadharshila plan continuously for ten years. In this case, your total Rs 3,17,550 will be deposited in the scheme.

The maturity period of LIC Aadhaar Shila plan is 70 years. In such a situation, by investing in this scheme, you can collect around Rs 11 lakh at the time of maturity. Women aged 8 to 55 can invest in this scheme of LIC.

In this plan of LIC, the minimum sum assured has been fixed at Rs 75 thousand. Whereas the maximum sum assured is Rs 3 lakh. The minimum policy term of this scheme is 10 years. And the maximum age limit has been fixed at 20 years.

Apart from this, many other great facilities are available in this scheme of LIC. If women want to invest their money in a good scheme. In such a situation, this scheme can prove to be a good option for you.

The post LIC’s great plan! Invest Rs 87 in this scheme of LIC, you will get full 11 lakhs, Know full details first appeared on Rightsofemployees.com.

Finance Minister Nirmala Sitharaman, while presenting the Union Budget in February, had declared Mahila Samman Saving Scheme (MSSC Scheme), a savings scheme offering the highest interest rate, with the intention of strengthening women financially. From April 1, this scheme has been implemented across the country and women can open an account in any post office. But, Bank of India has become the first bank which is providing account opening facility for MSSC Scheme to eligible women.

Bank of India has become the first public sector bank to launch Mahila Samman Savings Certificate 2023. Bank of India is the first bank to operate this scheme in all its branches. Till now the account of this savings scheme could be opened only in post offices. Explain that the Finance Ministry has issued an e-Gazette notification on June 27, 2023, allowing all public sector banks and eligible private sector to implement and operate Mahila Samman Savings Certificate 2023.

MSSC Account Premature Closure Rules

Mahila Samman Savings Certificate The account can be closed prematurely in case of death of the account holder. There is a facility to close the account prematurely in case of serious illness etc. In case of early closure of the account, interest will be payable on the principal amount at the standard rate of 7.5% of the scheme.

Account closure penalty and partial withdrawal rules

After six months from the date of opening the account of Mahila Samman Savings Scheme, the customer can request for closure of the account by paying a penalty of 2%. In such a situation, the rate of interest will be 5.5% on the principal amount. At the same time, after one year from the date of account opening of MSSC Scheme, account holders can make partial withdrawal up to 40% of the eligible balance.

Benefits of Mahila Samman Savings Certificate Scheme

• In Mahila Samman Savings Certificate Scheme, any woman can open an investment account for a period of two years.
• The minimum investment amount in MSSC Scheme is Rs 1,000 and the maximum investment limit is Rs 2 lakh.
• The investors of the scheme are being given a quarterly compound interest rate of 7.5 percent.
• On need, the option of partial withdrawal of 40% of the amount deposited in the account is available.
• On the death of the account holder, the account can be closed and the amount can be given to the nominee.
• The Mahila Samman Savings Certificate Scheme has been made valid till March 31, 2025.

The post Bank Of India MSSC Scheme: The first bank to offer this special scheme for women – Details Here first appeared on Rightsofemployees.com.

It is not necessary that everyone has the ability to buy gold but still we get happiness when its price falls. It is also considered useful to overcome the financial challenges of the family in future. As an investment option, gold can be offered in the form of coins, bars, jewelry or paper or in the form of gold exchange-traded funds (Gold ETFs), sovereign gold bonds (SGBs) issued by the Reserve Bank of India and gold mutual funds (Gold MFs), etc.

You can buy through. But do you know the maximum amount of gold a person can hold in India? Even though most Indian households buy and own gold, they should be aware of the legal limits on how much gold they can hold. The Gold Control Act was established in our country in the year 1968.

This law prohibited citizens from holding more than a certain amount of gold. However, this act was abolished in 1990. At present there is no restriction on the quantity of gold in India but the holder must have valid source and documents related to gold.

Separate limits for both men and women

TradeSmart President Vijay Singhania told CNB that guidelines have been framed for Income Tax officials at the time of seizure of property during an income tax raid. According to these instructions, jewelery or jewelery cannot be confiscated to a certain extent on the basis of gender and marital status of the person.

How many ornaments can you hold?

A married woman can keep gold ornaments up to 500 grams and unmarried women up to 250 grams without papers. Whereas for men, the CBDT has fixed a limit of 100 grams for each male member of the family, irrespective of their marital status. To this extent gold cannot be confiscated even during raids by the Income Tax Department.

This means that if you have valid sources and documents available to you to keep gold, then there is no limit for this, but these rules have been made only to relieve the taxpayers from confiscation of their jewelery during raids.

What are the tax rules on gold?

Determination of tax on gold investment depends on the period of holding, ie, the period of holding by the taxpayer. If gold is held for more than 3 years, it is taxable as Long Term Capital Gain (LTCG) at 20 per cent (excluding education cess and surcharge) and short term capital gain as applicable to the investor. Taxable at tax slab. Gold ETFs/Gold MFs are also taxable like physical gold.

Whereas in case of bonds, if they are held till maturity, they are tax-free. However, capital gains are payable on transactions of physical gold or ETFs or Gold MFs. The bonds are traded in demat form on the exchanges and can be redeemed after the fifth year. If the bond is sold before maturity, it is taxable at 20 per cent.

The post Guidelines for Gold: Big news! You have also kept gold in the house, See the new guideline, otherwise… first appeared on Rightsofemployees.com.

Interest is being received at the rate of 7.5 percent on the amount deposited in MSSC. In this scheme, women can invest a minimum of Rs 1000 and a maximum of Rs 2 lakh. In this scheme, after two years, the entire money is received by including the deposit amount and interest. If you are also thinking of investing in this scheme, then know here how much return you will get by investing 100000, 1.50000 and 200000 rupees.

How much return on investment of one, one and a half and two lakhs

According to the Mahila Samman Saving Certificate Calculator 2023 (Mahila Samman Saving Certificate Calculator 2023), if you invest Rs 1,00,000 in this scheme at 7.5 percent interest rate, you will get Rs 1,16,022 at the time of maturity.

On the other hand, if you deposit Rs 1,50,000, then you will get Rs 1,74,033 after two years. If you invest Rs 2,00,000, then after two years at 7.5 percent interest rate, you will get Rs 32,044 as interest on the invested amount. In this way you will get a total of Rs 2,32,044 on maturity.

Where will the account be opened

If you also want to invest in Mahila Samman Bachat Patra Yojana, then you can open an account in the post office or authorized banks. Women of any age can invest in it. Guardian account can be opened in the name of a minor girl. While opening the account, you will have to fill Form-1, as well as KYC documents like Aadhaar card, PAN card and colorful photo etc. will be required.

Can take advantage of the scheme till 2025

At present, this scheme has been started for 2 years, that is, the benefit of this scheme can be availed till the year 2025. While opening the account, you have to fill Form-1. Whereas at the time of maturity, you can withdraw the amount by depositing Form-2. On the other hand, if you want to withdraw money from the account before the maturity period, then you get this facility after 1 year. In this case, you can withdraw up to Rs 40,000 by submitting Form-3.

The post MSSC Calculator: How much return will women get on investing ₹ 100000, ₹ 1.50000 and ₹ 200000 in this new scheme? learn calculus first appeared on Rightsofemployees.com.

It is not necessary that everyone has the ability to buy gold but still we get happiness when its price falls. It is also considered useful to overcome the financial challenges of the family in future. As an investment option, gold can be offered in the form of coins, bars, jewelry or paper or in the form of gold exchange-traded funds (Gold ETFs), sovereign gold bonds (SGBs) issued by the Reserve Bank of India and gold mutual funds (Gold MFs), etc.

You can buy through. But do you know the maximum amount of gold a person can hold in India? Even though most Indian households buy and own gold, they should be aware of the legal limits on how much gold they can hold. The Gold Control Act was established in our country in the year 1968.

This law prohibited citizens from holding more than a certain amount of gold. However, this act was abolished in 1990. At present there is no restriction on the quantity of gold in India but the holder must have valid source and documents related to gold.

Separate limits for both men and women

TradeSmart President Vijay Singhania told CNBC-TV18.com that guidelines have been framed for Income Tax officials at the time of seizure of property during an income tax raid. According to these instructions, jewelery or jewelery cannot be confiscated to a certain extent on the basis of gender and marital status of the person.

How many ornaments can you hold?

A married woman can keep gold ornaments up to 500 grams and unmarried women up to 250 grams without papers. Whereas for men, the CBDT has fixed a limit of 100 grams for each male member of the family, irrespective of their marital status. To this extent gold cannot be confiscated even during raids by the Income Tax Department.

This means that if you have valid sources and documents available to you to keep gold, then there is no limit for this, but these rules have been made only to relieve the taxpayers from confiscation of their jewelery during raids.

What are the tax rules on gold?

Determination of tax on gold investment depends on the period of holding, ie, the period of holding by the taxpayer. If gold is held for more than 3 years, it is taxable as Long Term Capital Gain (LTCG) at 20 per cent (excluding education cess and surcharge) and short term capital gain as applicable to the investor. Taxable at tax slab. Gold ETFs/Gold MFs are also taxable like physical gold.

Whereas in case of bonds, if they are held till maturity, they are tax-free. However, capital gains are payable on transactions of physical gold or ETFs or Gold MFs. The bonds are traded in demat form on the exchanges and can be redeemed after the fifth year. If the bond is sold before maturity, it is taxable at 20 per cent.

The post Guidelines for Gold: You have also kept gold in the house, See the new guideline immediately first appeared on Rightsofemployees.com.