Lakeland Bank’s Post

Let the clock work in your favour 🕰️ Choose SBI UK's 1 & 2 Years Fixed Deposits and witness how patience can lead to substantial growth in your savings, with a significant 5% Annual Equivalent Rate. To learn more, go to https://bit.ly/3OVmdP1 #sbiuk #savings #financialfreedom #fixeddeposit

Big Returns with SBI UK's Fixed Deposits. Get 5% AER on 1 & 2 years Fixed Deposits. For more information, visit https://bit.ly/48DFX0V *AER: Annual Equivalent Rate #sbiuk #interestrates #savings #money #financialfreedom #deposits #fixeddeposits #bigreturns

By cutting down on Service Delivery times for Claim Settlement, EPFO broadens its "Ease of Living" Programme A press release was issued by the Employees’ Provident Fund Organisation (EPFO) with regard to the use of an IT system and no human involvement, EPFO has launched the Auto Claim Solution.   Link: https://lnkd.in/g-bJbTAc  #compliance #compliancemanagement #litigation #litigationmanagement

The country’s largest lender SBI on Saturday reported a 35 per cent fall in standalone net profit to Rs 9,164 crore for the December quarter. Analysts had estimated a profit of 129.87 billion rupees for the quarter, according to LSEG data. Profit was hit by a 71-billion-rupee provision for wage revisions and pension costs, the bank said. . . Lawstreet Journal #lsjbusiness #lawstreetj #SBI #StateBankofIndia #Q3Results #NetProfit #FinancialNews #BankingSector #EconomicUpdate #QuarterlyResults #IndianEconomy #FinancialPerformance #ProfitFall #WageRevisions #PensionCosts #FinancialProvision #EconomicNews #BankingNews #FinanceUpdate #EconomicOutlook #BusinessNews #CorporateResults #EconomicAnalysis #IndianBanks #FinancialMarket #india #legalnews

When was the last time you had played Crossword ? 💡 Let's check the Financial knowledge by solving the Personal Finance Crossword on the last Friday of Financial Year 2023-24. Here are the Clues ACROSS : 1) Strategy of creating a Portfolio consisting of varied assets to reduce risk and meet investment Goals (15) 2) Acronym of a single-use password to authenticate transactions (3) 7) Acronym of a Government pension scheme (3) 9) Acronym used for automated monthly investments in Mutual Funds (3) 10) The amount one pays to insurance providers to get insurance cover (7) 11) Loss _____ Bias : A tendency to prioritize avoiding losses over maximizing gains (8) DOWN : 1) Fixed ____ : A secure investment option (7) 3) Acronym of a monthly payment made towards repaying a loan or large expense (3) 4) ______ Samriddhi Yojana : A government savings scheme for the girl child (7) 5) Emergency ________ : living expenses for 6-12 months kept aside as a cushion (4) 6) Forum by RBI to address grievances of the Bank's customers (9) 8) _______ Provident Fund: A long-term and secure investment option (6) #LetsBeFAT #Finance #Accounts #Taxes Post Credit : ICICI Bank

🌟 Important Updates on PPF Changes Effective October 1, 2024 🌟 I wanted to take a moment to share some significant changes to the Public Provident Fund (PPF) that could impact your financial planning. The Indian government has announced significant changes to the Public Provident Fund (PPF) scheme, effective October 1, 2024. Key Changes: 1. PPF accounts for minors: Interest rates aligned with Post Office Savings Account (POSA) until age 18. 2. Multiple PPF accounts: Only primary account earns interest; merge or close secondary accounts. 3. NRIs: Active PPF accounts stop earning interest; existing accounts remain active until maturity. #PPF #Finance #Savings #InvestmentStrategy #FinancialPlanning #TaxBenefits

in the last two posts, we have discussed about CapEx and OpEx. In this post, we are discussing Financial Expenses. Financing Expense are costs incurred from borrowings. Suppose, Dmart is borrowing a loan from SBI Bank, the SBI will charge a certain amount (usually 0.5%-1%) as a loan processing fees. this is an example of financial expenses. Financing expenses include loan origination fees and interest on money borrowed. #finance #valuation #investmentbanking #linkedin #Day 84/90 #Day90_Challenge

Interesting scenario at Banks. I just met a client today who has Kotak Bank as his banker. The bank approached the client to invest in some 80C options. The client asked me what are the good options for ELSS (tax saving mutual funds) and I gave some options and told him to confirm with bank people that they are not selling insurance products. When he spoke to the relationship manager, she said they give insurance only and did not even entertain the client for tax-saving mutual funds. It appears Banks want to focus only on insurance, where they make more. #mutualfunds #ELSS #Insurance

Experience the potential of the ICICI Prudential Ultra Short Term Fund as we delve into its features designed for those seeking quick access to their investments with minimal risk. This video provides an in-depth analysis of the fund's strategy, performance, and suitability for your short-term financial goals. The new fund offer (NFO) opened on July 2 and will close on July 16, 2024. Call On: 9334805395 Visit: https://lnkd.in/dwGVNxmJ #mutualfunds #retirementplanning #goals #financialgoals #taxsavings #wealthcreationstrategies #financialplanning #financialadvisor #savingsgoals #savingplans #LoanAgainstProperty #investments #investmentideas #investmentportfolio #sawafinancialjsr #sawafinancialdistribution