ACCOUNTS
Mutual fund SIP inflows decline marginally to Rs 32,160 crore in October
Mutual fund inflows showed mixed trends in October, with equity fund investments declining 14% month-on-month to Rs 32,993 crore. Debt funds reversed two months of outflows to attract Rs 1.13 lakh crore, while hybrid funds and ETFs also recorded positive inflows. The industry's net AUM rose to Rs 83.23 lakh crore.
Joint accounts, tax savings, wills: How couples can protect their wealth
Finances are a cornerstone of marriage, shaping both relationships and futures. At the ET Wealth Expo 2026, specialists emphasized the necessity of balanced fiscal strategies in partnerships, the dangers of income tax clubbing, and the importance of wills.
India doesn’t have a savings problem. It has a savings incentive problem
Indian households are saving more than ever. The bigger question now is whether money kept accessible in a savings account can also earn meaningful value while it waits to be used.
Have incorrect details in your EPF account? 5 easy steps to update name, date of birth, date of joining & more online
EPF members now have the ability to rectify discrepancies in their account records using the newly introduced online joint declaration facility. This tool enables users to update personal information, such as names and dates of birth. Once a correction request is made, it requires verification and approval from the employer before the EPFO office finalizes the process.
SC asks WhatsApp, others to list measures to prevent digital arrest, related cyber crimes
In an order uploaded on the website with regard to the hearing conducted on October 29 in a suo motu case titled 'In Re: Victims of Digital Arrest Related to Forged Documents', a bench headed by Chief Justice of India Surya Kant asked WhatsApp and like intermediaries to simultaneously submit their proposals to the I4C (Indian Cybercrime Coordination Centre).
Bond yields muddy the books as banks prepare for new accounting rules
With a new accounting framework approaching in April 2027, Indian banks like Canara Bank and Central Bank of India are adjusting their transition costs and reassessing their portfolios. Recent fluctuations in government bond yields, driven by economic factors such as oil prices and currency volatility, have led banks to increase their expected credit loss provisions.
Who is Surekha Vani? Telugu actress' Instagram account hacked, issues warning over circulation of private content
Actress Surekha Vani has taken to social media to announce that her Instagram account has been compromised, leading to the unauthorised distribution of her private content. She has called upon users and media outlets to cease sharing this content. To protect her privacy, Vani is prepared to initiate legal proceedings against anyone who continues to circulate these materials.
Demat account additions hit 9-month high in October as IPO boom draws investors
In October 2026, new demat account additions reached a nine-month high, driven by strong IPO activity. NSDL and CDSL reported adding nearly 3.36 million accounts during the month. The total number of demat accounts at the end of October was approximately 244 million. The increase in account openings was mainly influenced by the successful launch of several public issues.
A record 769,000 Americans now have $1 million in their 401(k). Here’s how much they save
As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.
Centre supports plea to deny perks to high office holders who quit to avoid removal
The Centre has expressed support for a public interest litigation regarding constitutional functionaries and their resignation benefits. The petition aims to prevent these functionaries from retaining perks upon resigning to evade removal proceedings. Solicitor General Tushar Mehta indicated the government would respond to the petition. The plea also argues that such provisions are arbitrary and violate constitutional rights. This legal action highlights the importance of accountability among high constitutional offices.
Why Do Businesses Close Old Accounts on Diwali 2026? Chopda Pujan Meaning, Shubh Labh and New Ledger Tradition
During Diwali, Chopda Pujan is an important ritual for business families, signifying the closing of old financial accounts. This ceremony represents a heartfelt expression of gratitude while fostering positive aspirations for the upcoming year in business. Worshippers pay homage to Goddess Lakshmi, Lord Ganesha, and Goddess Saraswati, asking for guidance in wealth and wise decisions.
Bank account frozen suddenly? Check why it happened, how to unfreeze it and recover your money
For individuals affected by the freezing of their bank accounts due to untraceable money sources, remedy is available via the Grievance Redressal Mechanism (GRM) and the Money Restoration Module (MRM). Users can contest any debit freezes by filing official complaints through GRM. Meanwhile, MRM aids in reclaiming disputed funds after thorough verification.
Congressman Subramanyam vows to end 'forever wars', fight tariffs, hold Trump admin accountable
Indian-American Congressman Suhas Subramanyam recently won re-election in Virginia's 10th Congressional District. He pledged to address concerns about rising costs, healthcare cuts, and federal workforce reductions. Subramanyam committed to ending "forever wars" and fighting unnecessary tariffs to lower costs. His victory reflects significant gains by Democrats in the recent midterm elections. Subramanyam aims to collaborate with the community to drive changes in Washington.
HDFC Bank to offer deposits under Capital Gains Accounts Scheme
HDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The facility will allow taxpayers to park unused capital gains in savings accounts or fixed deposits for up to three years while retaining eligibility for applicable tax exemptions and earning interest on their deposits.
Stockal scam: Trading platform says unauthorised third party accessed customer accounts
Stockal has disclosed that unauthorized trading practices impacted 13 client accounts, resulting in notable financial losses. Investors claim their assets were liquidated without consent, redirecting funds towards unauthorized transactions. An investigation revealed there was no compromise within Stockal's systems; however, it points to a likely social engineering incident. Affected investors have reached out to regulatory bodies in India and the U.S.
Public spending must deliver results: Om Birla
Lok Sabha Speaker Om Birla highlighted the importance of public accounts committees in ensuring accountability for public expenditure. He stated that public money must be used responsibly and for its intended purposes. PAC chairman KC Venugopal expressed concerns over six state chief secretaries missing a crucial meeting.
Six arrested for financial fraud using mule accounts, suspected Pakistan Intelligence links
Preliminary investigation revealed that an SBI bank account belonging to FIR-named accused Marjina Begum of Ganesh Nagar, PS-Chandmari, Guwahati, had received credits amounting to lakhs of rupees within just 47 days, between 22 June and 5 August 2026. It was further observed that the amounts credited to the account were withdrawn almost immediately after each deposit, indicating a suspicious pattern of financial transactions.
How to permanently delete your Snapchat account: Follow these steps on Android, iPhone and computer to deactivate your account
To permanently delete a Snapchat account, users must navigate through the Snapchat Accounts Portal and follow a designated procedure. Initially, the account undergoes a 30-day deactivation phase, during which reactivation is possible. After this window closes, the account is permanently deleted. It's essential to back up any important memories, as account data will be irretrievably lost.
Mansukh Mandaviya rolls out EPFO services on WhatsApp, starts auto-settlement of small inoperative accounts
Union Labour & Employment Minister Mansukh Mandaviya launched EPFO services through WhatsApp for easier access. Subscribers can check their PF balance and transaction history conveniently using this platform. The automatic settlement for inoperative EPF accounts was also introduced, streamlining the process for beneficiaries. In total, around one lakh accounts will benefit from this initiative. The EPFO's commitment to evolve and focus on worker-centric innovations was emphasized during the celebration.
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