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Election Impact- Which Sectors to Keep an Eye On

The outcome of elections in India significantly impacts the stock market. With the ruling party securing a majority, investors are closely watching how this will affect various sectors of the economy. Investors are constantly thinking about stocks to buy before results or a stock increase after results.

In this article, we will explore the potential beneficiary’s post-election and discuss which sectors or stocks investors should watch. But before we delve into that, let’s take a look at the immediate market reaction to the election results.

The Immediate Market Reaction

Following the announcement of the election results, there was a surge in market volatility. The Nifty fell by over 5% in a single day due to concerns about the coalition government’s impact on upcoming policies and plans. However, it quickly recovered and gained more than 3.5% in the next two days. This rebound suggests that investors have regained confidence in the market and are optimistic about the future.

Key Sectors to Watch

Following are the sectors to watch out for, which will be impacted due to the election results:

1. Solar Power

One sector that is expected to benefit from post-election policies is solar power. The government’s focus on renewable energy and electric vehicles makes solar power an attractive investment opportunity.

Initiatives like the Pradhan Mantri Kusum Yojana are expected to drive growth in rooftop solar installations. If one is thinking about stocks to buy before results, one can consider this sector.

2. Manufacturing

India’s manufacturing sector has gained momentum in recent years. Government initiatives like the Production Linked Incentive (PLI) scheme have attracted global attention and domestic investment.

Not only is India becoming a hub for electronics manufacturing, but it is also emerging as a global player in semiconductor production. There will be a stock increase after the manufacturing sector’s results.

3. Agriculture

The agricultural sector is another area that is expected to receive increased attention post-election. The government recognises the importance of investing in agriculture and rural infrastructure, especially after a year of low growth in this sector.

Logistics players are likely to benefit from the focus on agriculture infrastructure.

4. PSU Sector

PSU stocks have shown remarkable growth under the current government. Over the last four years, the market value of 52 stocks in the BSE PSU index has nearly quintupled.

In the past six months, all 27 PSU stocks in the Futures and Options (F&O) category have surpassed the Nifty index.

5. Real Estate

The real estate sector, while having faced some hurdles in recent times, presents promising prospects for growth and value. Certain are well-positioned to take advantage of these opportunities, making them particularly attractive investments.

These firms are expected to benefit from a combination of improving market conditions, increased urbanisation, and rising demand for both residential and commercial properties. Investors might find these companies’ stocks appealing due to their strong market presence and potential for significant returns.

6. Banks

In the banking sector, large private banks stand out as prime candidates for investment. They are anticipated to experience steady earnings growth and may see an upward re-rating of their valuations.

The banks boast a strong return on equity (ROE) and are expected to benefit from increased private sector capital expenditure (CAPEX). Their robust financial performance and positive outlook for economic recovery make them attractive options for investors seeking stable and potentially lucrative investments.

7. Automobiles

The automotive sector is showing signs of a resurgence, driven by a revival in consumer demand and supportive government policies. Leading companies are positioned to capitalise on this favourable environment.

Manufacturers are expected to benefit from increased vehicle sales and a broader economic recovery. As a result, they offer compelling investment opportunities for those looking to tap into the sector’s growth potential.

8. Metals and Mining

The metals and mining sector is experiencing a favourable global trend. Rising demand is driven by industrial recovery efforts, particularly in China, and supply constraints in key markets. This creates lucrative opportunities for investors.

Companies in this sector are poised to benefit from higher commodity prices and increased demand for raw materials. As such, investing in metals and mining stocks could yield substantial returns, making this sector an attractive option for those looking to diversify their portfolios and capitalise on global economic trends.

What Analysts Are Saying?

According to Fitch Ratings, the outlook for India remains positive, with a projected growth rate of 6.2% through FY2028. This indicates that the country’s economy is expected to continue its upward trajectory in the coming years.

Divestment plans may take a backseat as the government focuses on working with its allies. Due to political uncertainties, disinvestment receipts for FY2024 were significantly lower than the target. However, projects already approved by the cabinet will proceed as planned.

Other sectors like defence, hydrogen technology, domestic travel, and IT are also expected to witness growth in the upcoming years.

Analysts expect companies in low-cost housing, railways, agriculture, basic food, fertilisers, and agrochemicals to perform well in the next few weeks.

There’s also a focus on increasing defence production, boosting railways, and enhancing the banking sector. These areas have outperformed the main market index.

Additionally, the India Meteorological Department’s good monsoon forecast has increased confidence in the sugar, fertiliser, FMCG, and auto sectors. Higher rural incomes from good crop yields are expected to boost these companies’ profits in the latter half of the financial year.

Wrapping Up

As we look ahead to the future of India’s economy and stock market, it is clear that certain sectors will be in focus post-election, and you know which stocks to keep an eye on.

While it’s too early to predict the government’s next steps, monitoring the developments in infrastructure projects and policies will provide valuable insights for making informed investment decisions.

If you’re interested in exploring investment opportunities or need financial assistance for your business during this period of change, Tata Capital can help. Whether you require a loan against securities or funding for your new venture, Tata Capital offers a range of solutions to meet your needs.

What is the Atal Innovation Mission?

Atal Innovation Mission (AIM), an initiative by the Government of India under the aegis of NITI Aayog, aims to encourage a culture of x and entrepreneurship across the country. Launched in 2016, it seeks to nurture innovation and research and development (R&D) in various sectors to address societal challenges and boost economic growth.

In this article, we discuss the objectives, various initiatives, and impact of this mission.

What are the objectives of the Atal Innovation Mission?

The objectives of the Atal Innovation scheme are:

1. Fostering innovation culture:

AIM aims to instil a culture of innovation and creativity among students, entrepreneurs, and educators by providing them with the necessary resources, mentorship, and guidance.

2. Promoting entrepreneurship:

One of the primary objectives of AIM is to promote entrepreneurship and startup culture in India. It provides support to aspiring entrepreneurs at every stage of their journey, from ideation to commercialisation.

3. Encouraging collaboration:

AIM fosters collaboration between academia, industry, and government organisations to facilitate knowledge exchange, technology transfer, and innovation-driven partnerships.

What are the initiatives under the Atal Innovation Mission scheme?

Some of the initiatives under AIM include:

1. AIM Ecosystem Development Program (AEDP):

This program involves collaboration and capacity-building among incubators, academia, industry, and government to strengthen India’s innovation ecosystem.

It includes projects with international collaborations (AIM-ICDK, AIM-UNCDF), renewable sources (AIM-iCREST), youth (Infinity) and women entrepreneurs, mentorship, and gender inclusivity (Her & Now), among others.

2. Atal Incubation Centres (AICs):

The ongoing round of ANIC focuses on 18 challenges spanning 5 sectors, including Agriculture (Millet), Post and Telegraph, Drinking Water and Sanitation, Renewable Energy and Clean-Tech, Education, and Women-Centric Challenges, along with an open innovation category.


1. Startups must be registered with AIC for more than three months.

2. Indian-registered enterprise, excluding Indian subsidiaries of MNCs.

3. Indian Promoter/Host Institution ownership ≥ 51%.

4. Focus on addressing India’s challenges.

5. Seed support covers prototyping, testing, mentoring, consultancy, IPR, and manpower, not capital equipment.


Maximum grantRs. 1 crore
Disbursement timelineAfter one year of operations
Funding typeGrant, disbursed as debt, equity, or combination

3. Atal New India Challenges (ANIC):

ANIC is an initiative aimed at solving pressing problems faced by various sectors through innovation and technology. It invites innovators, startups, and MSMEs to develop innovative solutions to specific challenges identified by multiple ministries and departments.


1. Indian companies registered under the Companies Act 1956 and 2013, primarily MSME as per the MSMED Act.

2. Recognised startup by the Department for Promotion of Industry and International Trade (DPIIT), Ministry of Commerce and Industry, India.

3. Majority stake (over 51%) held in India.

4. Developed a working prototype relevant to the ANIC challenge.


Maximum amountUp to Rs 1 crore
Disbursement timeline12-18 months through the commercialisation stage
Funding typeGrant

The program targets bridging the “Commercialisation Valley of Death” by supporting testing, piloting, and market creation.

4. Atal Community Innovation Centres (ACICs):

ACICs are hubs for innovation at the grassroot level and community-driven problem-solving. These centres provide resources and support to individuals and communities to develop innovative solutions that address local challenges and improve livelihoods.


1. Minimum existence of three years

2. Mandatory documents for business loans.

3. Meeting minimum space requirement for the Innovation Centre.

4. Confirmation of matching funding commitment from partners.


Maximum Support from AIMRs 2.5 crore
Disbursement timelineFive years
Funding typeGrant

Establishing a Public Private Partnership (PPP) model with Company Social Responsibility (CSR) funds or other sources is encouraged under the program.

5. Applied Research and Innovation for Small and Medium Enterprises (ARISE):

It aims to enhance the innovation capabilities of SMEs by providing support for research projects, technology adoption, and innovation-driven initiatives, thereby boosting their competitiveness and growth in the market.


1. Startups: DPIIT-recognized startups.

2. Indian MSMEs: Companies under the Companies Act, categorised as MSMEs by the Ministry of MSMEs.

3. Majority stake in India: More than 51% stake must be held in India.

4. Partnership details: Startups partnering with MSMEs must provide relevant information.


Funding SupportMaximum of Rs. 50 lakhs in three portions 40%, 30%, and 30%.
Disbursement timeline1. Minimum tranche utilisation duration: 3 months 2. Maximum tranche utilisation duration: 6 months 3. Total allowed project time: 9 to 12 months
Funding typeGrant

Other initiatives include:

1. Atal Tinkering Labs (ATLs):

ATLs are dedicated innovation workspaces set up in schools to foster curiosity, creativity, and problem-solving skills among students. Equipped with state-of-the-art technology and tools, this Atal Innovation lab provides hands-on learning experiences in areas like robotics, 3D printing, electronics, and coding.

2. Mentor India Network:

AIM has established a Mentor India Network comprising experienced entrepreneurs, industry leaders, academicians, and professionals who mentor and guide aspiring entrepreneurs and innovators.

3. Vernacular Innovation Program:

The Vernacular Innovation Program promotes innovation and entrepreneurship in regional languages, aiming to empower diverse communities and bridge language barriers for inclusive growth.

What is the impact of the Atal Innovation Mission?

The Atal Innovation Mission (AIM) has had a significant impact on various fronts:

1. Empowering youth:

Provides support and resources to young innovators and entrepreneurs, enabling them to bring their ideas to life.

2. Promoting STEM education:

Advances STEM education through initiatives like ATLs, encouraging innovation and problem-solving among students.

3. Fostering entrepreneurship:

Accelerates startup growth with business loans, grants, mentorship, and incubation support, fuelling entrepreneurship and job creation.

4. Driving social impact:

Innovations from AIM address societal challenges in healthcare, agriculture, education, environment, and sanitation, creating positive change.

5. Building innovation ecosystem:

Strengthens India’s innovation ecosystem by facilitating collaboration, knowledge exchange, and platforms for innovation-driven entrepreneurship.

Final thoughts

The Atal Innovation Mission (AIM) empowers innovators and entrepreneurs by providing crucial support and resources. However, if you are looking for competitive business loan interest rates, consider Tata Capital as an alternative solution.

With flexible loan conditions, easy EMI payments, and expert guidance from our finance team, We are committed to fostering inclusivity and supporting the aspirations of all entrepreneurs, including women. Explore our business loans for women and unlock opportunities to turn ideas into reality.

What is Subsidy: Meaning, Types, Categories and Business Schemes

You must have seen that small shop with a long queue of people standing outside with empty bags and bottles in their hands. These are government shops for distributing essential items like food and oil to the public below the poverty line. The main benefit of these Public Distribution System (PDS) shops, commonly known as ‘Ration ki Dukaan’, is that items are provided to the public at a discounted or subsidised price. The Government of India occasionally introduces beneficial schemes designed to improve the well-being of its citizens.

These schemes serve multiple purposes, with some focusing on uplifting people economically and others enhancing their overall quality of life. Besides that, the Indian government also extends different subsidies to MSMEs to foster their growth and development.

So, in this article, we will explain everything about subsidy like, what is subsidy, its types and categories, and discuss a few popular business subsidy schemes provided by the Indian government.

What is subsidy? 

A subsidy is a financial benefit or support the government gives to institutions or individuals. It can be either a direct or indirect subsidy.

Direct subsidy refers to the support given in the form of cash. The indirect subsidy, conversely, refers to the assistance offered through tax cuts or low-interest loans. The loan subsidy meaning is to provide the loan at lower interest rates and with other features that help the business grow. And the government subsidy meaning is the financial help given by the government to ease the burden on the recipients and encourage activities in the public’s interest.

Types of subsidy

There are broadly six types of subsidies, as explained below.

#1. Food subsidy

Its main aim is to provide essential food to people below the poverty line. Public Distribution System (PDS) is a government initiative providing essential food items to Below Poverty Line (BPL) households at subsidised rates. These include wheat, rice, sugar, milk and cooking oil.

#2. Export subsidy

The government provides export subsidies to encourage small domestic businesses to diversify their customer. One such scheme is Merchandise Export from India. It aims to promote the export of notified goods manufactured in India.

#3. Production subsidy

A production subsidy allows companies to reduce their production cost. They can increase production value by cutting down their losses and investments. This helps in making products available at a lower price, improving affordability.

#4. Subsidies based on industry

These subsidies are tailored to meet the needs of the industries they are intended for. They cover various sectors, including transport, health, and agriculture. The government, for example, has launched several transport schemes to make transportation more affordable.

It also gives subsidies to help farmers and businesses reduce the initial input cost. This includes providing fertiliser, seeds, power supply, and irrigation facilities at subsidised rates.

#5. Tax subsidy

This subsidy program grants eligible parties a tax rebate and other benefits. It relieves the financial burden on business owners, allowing them to improve production, extend services, and offer products at a lower price.

#6. Employment subsidy

These schemes are designed to tackle unemployment. The government offers incentives such as lower initial investment costs or reduced real estate rates to organisations to start a company. These measures are aimed at promoting job growth and reducing unemployment.

Now that we know what is subsidy, let’s look at its different categories.

What are subsidy categories?

There are two categories of subsidies, namely, social and economic. Depending upon its impact, it falls into either of the two categories. Here’s a detailed breakdown of the two categories.

Social SubsidyEconomic Subsidy
Rural housingTransport
Water supplyIrrigation and food control
Women empowermentCommunication

Indian Goverment Subsidies for Business

MSMEs play a crucial role in boosting India’s economy. The subsidy provided by the Indian government supports their growth. A few of them are mentioned below.

#1. Credit-linked Capital Subsidy Scheme (CLCSS)

This government subsidy loan for business aims to fund technological upgrades in Small-Scale Industries (SSIs). The funds can be used to revamp business production and activities to reduce the cost of creating and providing goods and services. SSI units that get benefits include tiny units, khadi units, village units and coir industrial units.

#2. Marketing Assistance Scheme

It is a scheme provided by the Ministry of MSME, inter-alia, through the National Small Industries Corporation. It helps MSMEs market their products at exhibitions, trade fairs, and buyer-seller meets.

#3. Mahila Coir Yojana 

This subsidy scheme helps eligible rural women avail of a one-time subsidy of up to 75% of the total cost of the new motorised ratt or Rs. 7,500, depending upon the case.

#4. Amended Technology Upgradation Fund Scheme (ATUFS)

The Ministry of Textiles launched ATUFS. It aims to convert existing looms to better technological looms to improve productivity and quality. Some of the beneficiaries of this scheme are the jute, silk, and garment sectors.

#5. Technology & Quality Upgradation (TEQUP) Support for MSME 

Technology & Quality Upgradation(TEQUP) is an initiative by the Ministry of MSME. Its main objective is to make the MSME sector energy efficient and increase competitiveness.

#6. Government Subsidy for Small Business for Cold Chain

The Ministry of Food Production Industries launched this scheme. It provides an integrated cold chain without any break from the farm gate to the buyer. It covers pre-­cooling facilities at production sites, mobile cooling units, reefer vans, and value-addition centres.

What are the benefits of subsidy?

As a subsidy is a social and economic welfare scheme by the government, it has many benefits:

#1. Subsidised education helps further contribute to the nation’s GDP, as increased education leads to higher employment. It also leads to an increase in skilled workers.

#2. It helps struggling markets by lowering the burdens and providing financial support for future ventures. It’s an indirect means to support the country’s employment and industrial sectors.

#3. Subsidies provide incentives and tax benefits to business owners. This leads to increased production and a continuous flow of demand and supply. 

#4. It helps lower the cost of essential items and make them affordable to the general public.

#5. Besides helping the traditional sectors, such as agriculture sectors, to flourish, subsidies also encourage the advancement of new areas of research and development.

Parting thoughts

So, after learning everything about what is subsidy and its benefits, we understand that subsidies can be a powerful tool for promoting economic growth and improving people’s lives. While it can help keep prices low for consumers and boost production, it provides opportunities for people and MSMEs to start and grow their businesses. The Indian government has launched several subsidy schemes to support small-scale industries in India.

If you are considering launching a new business or expanding an existing one and need immediate funds, look no further than Tata Capital. We offer business loans with minimal documentation at affordable rates. Visit our website for more information.

How To Link Mobile Number With Bank Account

In this age of technological advancements and digitalisation, it is crucial to keep up with the latest digital banking features to ensure seamless transactions. One such essential feature is linking your mobile number with your bank account. By associating your mobile number with your account, you unlock several benefits, such as secure transactions, real-time notifications and easy access to various banking services at your fingertips.

In this comprehensive article, we will walk you through the simple and user-friendly steps to link your mobile number with your bank account. Let’s get started on this empowering journey to enhance your banking experience!

Importance of Linking Mobile Number to Bank Account

Digital banking has made financial management more convenient than ever before. However, this convenience comes with its own set of responsibilities. A fundamental measure you can adopt to secure and streamline your digital banking experience is linking your mobile number with your bank account. This seemingly small step carries with it significant benefits, which we will discuss in greater detail below.

Security: Linking your mobile number with your bank account adds an extra layer of security to your account. For instance, if someone tries to make a transaction without your knowledge, you will receive an immediate alert, helping you take timely action.

Notifications: Every time there is a transaction made from your account, your bank will notify you instantly via SMS. So, whether you have just swiped your card at a supermarket or transferred money online, you will be in the loop, keeping your finances under check.

Mobile Banking Services: Mobile number linkage enables you to use your bank’s mobile banking services. From checking your account balance to making transfers, everything becomes accessible at your fingertips.

Ease of Communication: Linked mobile numbers also serve as the primary point of contact between banks and their customers. Banks use your registered mobile number to communicate important information regarding your account. Whether it is an update about changes in interest rates, new banking features or scheduled maintenance downtime, you will receive all this information on your linked mobile number.

3 Ways to Link Mobile Number Link to Bank Account

To link your mobile number with your bank account, you can opt for several methods. These include online methods such as internet banking and mobile banking apps, and offline methods such as visiting your bank branch or using the ATM. Let us take a look at each method with examples.

Steps to Linkmobile number link to bank account online Through Internet Banking

Are you wondering how to link a phone number with a bank account online? Linking your mobile number through Internet banking is one of the most convenient ways. The process for doing this is explained below.

Login to your Internet Banking Account: Use your user ID and password to log in to your Internet banking account. For example, if you are an HDFC Bank customer, you would visit the HDFC Bank website and enter your login credentials.

Navigate to the ‘Profile’ or ‘Personal Details’ Section: Once logged in, look for sections named ‘Profile,’ ‘Personal Details’ or ‘Update Contact Information’ in the main menu. Banks usually have these options in a drop-down menu under ‘Services’ or ‘Settings.’

Enter Your Mobile Number: You will see an option to enter or update your mobile number. If you are a new user, you will be asked to register your mobile number. If you are an existing user, you can update your mobile number in this section.

Confirm Your Mobile Number: After entering your mobile number, you will be asked to confirm it by re-entering it. This is to ensure that you have entered your mobile number correctly.

Validate Using OTP: Your bank will send an OTP (One-Time Password) to the mobile number you have entered. Enter the OTP in the designated field to verify your number. Upon successful verification, your mobile number will be linked to your bank account.

Steps to Link Mobile Number Through Mobile Banking Apps

Banking apps provide another avenue to link your mobile number to your bank account. The process is similar to Internet banking.

Login to Your Banking App: Log in to your bank’s mobile app using your login credentials. For instance, if you are a Citibank customer, you would log in to the Citi Mobile app.

Navigate to the ‘Profile’ or ‘Personal Details’ Section: Look for the ‘Profile’ or ‘Personal Details’ section in the menu of the app.

Enter and Confirm Your Mobile Number: Enter your mobile number, confirm it and then validate using the OTP sent to your mobile number.

Steps to Link Number through ATM

While not all banks offer this service, some allow you to link your mobile number through an ATM. The steps for linking mobile number through ATM include the following:

Insert Your ATM card: Visit your bank’s ATM, insert your ATM card and enter your PIN.

Select the ‘Mobile Number Registration’ Option: From the main menu, select the ‘Mobile Number Registration’ or a similar option.

Enter Your Mobile Number: When prompted, enter your mobile number.

Confirm Your Mobile Number: Confirm your mobile number by re-entering it. Upon confirmation, your number will be linked to your bank account.

How to Check Mobile Number Linked With Bank Account

To ensure smooth and secure banking transactions, it is essential to check if the mobile number is linked with a bank account. Some common methods to check if your mobile number is linked to your bank account include checking your banking app or Internet banking’s personal info section, calling the bank’s customer care helpline, visiting the nearest bank branch and using SMS-based banking services.


Linking your mobile number to your bank account may seem like a small step, but it makes a significant difference to your banking experience. Be it for security, receiving timely notifications or leveraging mobile banking services, it is a step worth taking. While the steps can vary depending on your bank, always refer to your bank’s official resources for accurate information.

Tata Capital, with its emphasis on customer convenience, provides a seamless digital experience for customers. Whether you need to link your mobile number, avail a loan or manage your investments, Tata Capital’s services ensure that you can manage your financial needs without any stress. Enjoy banking like never before with Tata Capital.

What Are PSU Banks? Your Burning Question Answered!

PSU banks are an integral part of India’s banking sector. But what exactly are they? How do they function? And why are they important for the economy? In this article, we will answer all your burning questions about PSU banks and provide you with a comprehensive understanding of their role in India’s financial landscape.

What Are PSU Banks?

Public Sector Undertaking (PSU) banks are government-owned financial institutions where the majority stake (more than 50%) is held by the Ministry of Finance or State Ministry of Finance. These banks play a crucial role in fostering social welfare and economic development by providing affordable banking services to people across the country.

The government’s majority ownership ensures that PSU banks operate with the primary aim of public interest. They follow financial guidelines formulated by the government, which inspire trust among depositors that their money is safe and secure. Additionally, these banks charge lower fees compared to private banks, making them more accessible to a wider population.

12 PSU Banks in India

Currently, there are 12 PSU banks in India. Each bank has its headquarters located in different cities across the country. Let’s take a look at these banks along with their establishment year:

1. Bank of Baroda

2. Bank of India

3. Bank of Maharashtra

4. Central Bank of India

5. Canara Bank

6. Indian Bank

7. Indian Overseas Bank

8. Punjab National Bank

9. Punjab and Sind Bank

10. State Bank of India

11. Union Bank of India

12. UCO Bank

The presence of these 12 PSU banks ensures that banking services are accessible to people in both urban and rural areas across the country.

Small PSU Banks

Among the 12 PSU banks, some are considered small PSU banks due to their relatively smaller asset size and market capitalization compared to larger PSU banks like the State Bank of India. These small PSU banks play a vital role in providing banking services to specific regions or communities.

While the larger PSU banks have a nationwide presence, small PSU banks focus on serving a targeted customer base in localized areas. This allows them to cater to the unique financial needs of specific regions, thereby contributing to financial inclusion and economic growth at a local level.

Challenges Faced by PSU Banks

Like any other sector, PSU banks also face various challenges in their functioning. It’s important to understand these challenges to gain a holistic perspective on their operations and performance.

1. Financial Loss in Rural Branches

PSU banks have the responsibility to open branches in both urban and rural areas for financial inclusion. However, operating in rural areas can be challenging as these branches often face higher costs and lower business volumes compared to urban branches. This can lead to financial losses for these rural branches.

2. High Overdue Amounts

The government often waives loans for farmers and other economically backward sectors to support them financially. While this is done with good intentions, it can result in high overdue amounts for PSU banks as they have to bear the burden of unpaid loans.

3. Competition from Private Banks

Private sector banks with advanced infrastructure and customer service often attract customers away from PSU banks. The conventional banking methods followed by PSU banks may seem less attractive to the younger, tech-savvy generation who prefer the convenience and efficiency offered by private banks.

4. Non-Performing Assets (NPAs)

Non-Performing Assets, also known as bad loans, impact the profitability of PSU banks. Low asset growth and high loan write-offs can lead to a decline in their financial health. However, it is important to note that PSU banks have made significant improvements in managing NPAs over the years.

Understanding the Significance of PSU Banks

PSU banks play a critical role in India’s economy. They ensure financial inclusion by providing affordable banking services to people across different regions and economic strata. These banks are instrumental in implementing various government schemes aimed at uplifting marginalized sections of society.

Furthermore, PSU banks contribute to economic growth by providing credit facilities to businesses, supporting infrastructure development projects, and promoting entrepreneurship. Their presence in both urban and rural areas ensures that banking services reach every corner of the country.


In conclusion, PSU banks are government-owned financial institutions that play a pivotal role in India’s banking sector. They provide affordable banking services to individuals and businesses across the country while focusing on social welfare and economic development. Despite facing challenges such as financial losses in rural branches and competition from private sector banks, PSU banks continue to be an integral part of India’s financial system.

If you’re looking for reliable financial solutions tailored to your specific needs, Tata Capital can assist you with a range of products and services. Whether you need a personal loan, home loan, or investment opportunities, Tata Capital is committed to enabling your growth and financial empowerment.

How 7 Lakh Income Is Tax Free?

In the recent updates to India’s tax regulations, there’s been a notable change that’s catching the attention of taxpayers: an income up to Rs 7 lakh, potentially not attracting any income tax. This article demystifies how the new tax rules make this possible and what you need to know to avail yourself of this benefit.

New tax slabs and rates

The new tax regime has introduced revised tax slabs and rates. The structure begins with zero tax for income up to Rs 3 lakh and scales up to higher percentages for larger income brackets.

This progressive system ensures that lower-income earners have a reduced tax liability, and for those earning up to Rs 7 lakh, the tax can be zeroed out with the help of rebates and deductions.

Income tax slabs (In Rs)Tax Rate FY 2022-23 (%)Tax Rate FY 2023-24 (%)
Between 0 and 2,50,0000
Between 2,50,001 and 3,00,00050
Between 3,00,001 and 5,00,00055
Between 5,00,001 and 6,00,000105
Between 6,00,001 and 7,50,0001010
Between 7,50,001 and 9,00,0001510
Between 9,00,001 and 10,00,0001515
Between 10,00,001 and 12,00,0002015
Between 12,00,001 and 12,50,0002020
Between 12,50,001 and 15,00,0002520
Above 15,00,0013030

Impact of the increased exemption limit

For the fiscal year 2023-24, if you choose the new tax regime, you are privy to a considerable advantage: How 7 lakh income is tax-free becomes a practical reality for you. The need to file an income tax return (ITR) becomes optional if your gross taxable income does not exceed the Rs 3 lakh mark.

Additionally, the enhanced basic exemption limit contributes to substantial tax savings. For instance, if your income falls between Rs 2.5 lakh and Rs 3 lakh, you now stand to gain more from the new tax regime compared to the old one, which retains the Rs 2.5 lakh exemption limit.

A significant update in the new tax regime is the uplifted rebate under section 87A. The rebate, previously set at Rs 12,500, has now been increased to Rs 25,000. This is a strategic move that directly benefits those opting for the new tax regime with a taxable income of Rs 7 lakh, as they now become eligible for this enhanced rebate.

For individuals who choose the new tax regime and have a taxable income up to Rs 7 lakh, there’s a substantial financial advantage: they are not required to pay any taxes at the time of filing their Income Tax Returns (ITR). The increase in the rebate under section 87A, which was previously applicable for incomes up to Rs 5 lakh, has now been extended to cover incomes up to Rs 7 lakh. Therefore, in the financial year 2023-24, when you file your ITR for the assessment year 2024-25 and select the new tax regime, if your taxable income does not exceed Rs 7 lakh, you will be exempt from paying taxes.

The new tax regime as the default

With the turn of the financial year on April 1, 2023, the new tax regime transitioned from optional to the default system. This implies that TDS from salary and the computation of income tax liability for returns will be based on this new structure, unless you consciously opt for the old regime.

The new tax framework was initially introduced in the 2020 Budget and was an optional choice until March 2023. Unless a taxpayer specifically chose otherwise, their tax computations were as per the old regime’s slabs and rates.

As we navigate through FY 2023-24, it’s essential to note the compulsory aspect of the new tax regime. You are mandated to specifically opt-out if you wish to adhere to the old system. In case the new regime doesn’t align with your financial strategy – perhaps due to the inability to claim prevalent deductions and exemptions like HRA and those under sections 80C, 80D, and so on – you retain the choice to revert to the old regime.

The roadmap to achieving a tax-free Income of Rs 7 Lakh

To navigate the new tax laws effectively, one must understand the roadmap to achieving a tax-free income of Rs 7 lakh:

1 – Assess your income: Understand your gross income and categorize it appropriately to determine your taxable income.

2 – Opt for the new tax regime: Elect to adopt the new tax regime when filing your returns. This regime offers the Rs 7 lakh exemption threshold.

3 – Maximise deductions: Make prudent investments and expenditures that qualify for deductions under the new regime.

4 – Utilize the rebate: Ensure that your taxable income falls within the Rs 7 lakh bracket to take full advantage of the Section 87A rebate.

5 – Filing your returns: Accurately file your income tax returns, claiming the rebate and deductions to reduce your taxable income to nil.

Conclusion: Navigating towards a tax-free income

The revised tax regime in India presents an opportunity for individuals earning up to Rs 7 lakh to reduce their tax liability significantly. The higher exemption limit, the introduction of the enhanced Section 87A rebate, and the restructured tax slabs all contribute to this possibility.

For those who are still navigating these changes or for anyone seeking to understand how to maximize their tax benefits, Tata Capital’s Moneyfy can provide tailored guidance. By carefully planning and understanding the new tax laws, taxpayers can not only comply with their tax obligations but also improve their financial well-being.

This journey to a tax-free income is not just about understanding the new laws but also about effectively applying them to your financial planning. With the right approach, an income of up to Rs 7 lakh can indeed be free from tax, and you can enjoy the benefits of your hard-earned money to its fullest.

Form 26QB Explained: Making Sense Of TDS Rules For Property Deals

When navigating the complex waters of property transactions in India, understanding the nuances of tax deduction at source (TDS) can be quite a challenge. Especially when it involves the sale and purchase of property, knowing about Form 26QB becomes crucial. This form is an integral part of the transaction process, ensuring compliance with the Indian Tax Department’s requirements. But what is Form 26QB, and why does it hold such importance in property deals? Let’s dive into the details, making sense of TDS rules and how they apply to you as a buyer or seller in the property market.

What is Form 26QB?

Form 26QB is a TDS return cum challan for transactions involving the sale of property. It is used to report the tax deducted at source by the buyer of the property, which is then deposited with the government.

This form acts as a declaration and proof of tax deduction and payment, ensuring that the seller receives the net amount after tax deduction.

It’s a critical component of the property transaction process, mandated by the Income Tax Department of India for any property sale exceeding Rs. 50 lakhs.

Understanding the 26QB TDS Rate

The TDS rate applicable under Form 26QB is 1% of the transaction value if the property being sold is over Rs. 50 lakhs.

This rate is consistent across all types of property transactions above this threshold, making it simpler for buyers and sellers to calculate their tax liabilities. However, it’s crucial to note that if the seller is a non-resident Indian (NRI), the TDS rate might vary.

The Process of Filing Form 26QB

Filing Form 26QB is a straightforward online process. Here’s a step-by-step guide to help you through it:

1 – Visit the TIN NSDL website: The first step is to go to the Tax Information Network of the Income Tax Department website and select Form 26QB from the ‘TDS on sale of property’ option.

2 – Fill in the details: You will need to enter various details, such as the property transaction amount, PAN details of both the buyer and seller, the address of the property, and the date of the transaction.

3 – Payment of TDS: Once the form is filled, you can proceed to pay the TDS online immediately or generate a challan for manual payment at authorized banks.

4 – Acknowledgment Number: After successful payment, you will receive an acknowledgement number, which is crucial for future references and obtaining Form 16B (TDS certificate).

Requirements Linked to Form 26QB

To navigate the requirements associated with Form 26QB smoothly and avoid any complications, it’s crucial to adhere to the following guidelines:

1 – Complete and Accurate Filling: Ensure that Form 26QB is filled out thoroughly and accurately, including comprehensive details of both the buyer and seller, along with their PAN numbers.

2 – Attachment of Challan 280 and Form 16A: These documents must be attached to Form 26QB as part of the submission process.

3 – Submission Deadline: The form must be submitted within 30 days from the transaction date to avoid penalties.

4 – Provision of TDS Return Reference Number: A TDS return reference number related to Form 26QB should be provided upon submission.

5 – Exemption for Transactions Below Rs. 50 Lakhs: Buyers are not required to deduct TDS for transactions valued at less than Rs. 50 Lakhs.

6 – Requirement for Non-Agricultural Property Transactions: Filing Form 26QB is mandatory in the case of transfer or sale of non-agricultural immovable property.

7 – Exclusion for Agricultural Land Sales: Form 26QB is not required for selling agricultural land, except under two specific conditions:

a. The land is situated in an area with a population density of more than 10,000 per square kilometre within cantonment areas.

b. More than one-third of the land area is utilized for non-agricultural purposes.

Benefits of Complying with Form 26QB Requirements

Complying with the requirements of Form 26QB not only aligns with the legal framework but also brings several significant advantages for both buyers and sellers in property transactions. Here’s a closer look at these benefits:

1 – Avoidance of Penalties and Interest: Timely and accurate filing of Form 26QB prevents penalties and interest, which can be up to Rs. 1 lakh for late filings, safeguarding against financial penalties and ensuring fiscal responsibility.

2 – Seamless Property Transaction Process: Compliance with Form 26QB smoothens the property transaction, ensuring all tax obligations are met and facilitating a transparent transfer of ownership, thus offering peace of mind to both buyers and sellers.

3 – Clear Tax Records: Properly filed Form 26QB helps in maintaining clear tax records, serving as documented proof of TDS, which is crucial for accurate tax liability recording and claiming tax benefits or refunds.

4 – Facilitates Issuance of TDS Certificate: Following Form 26QB guidelines is key for the timely issuance of Form 16B, ensuring sellers can claim the deducted TDS and buyers have the necessary proof of tax compliance.

5 – Enhances Legal Compliance and Reduces Litigation Risk: Accurate filing minimizes legal challenges and litigation risks in property transactions, highlighting the importance of compliance in maintaining the integrity of the transaction.


Navigating the rules and requirements of Form 26QB TDS can seem daunting at first. However, with a clear understanding and adherence to the process, it becomes a straightforward task. Whether you are buying or selling property, knowing the ins and outs of Form 26QB is essential for a compliant and smooth transaction.

Remember, the key to a hassle-free property deal lies in understanding and correctly applying the rules of TDS as outlined in Form 26QB.

For those looking into securing their dream home or considering a property investment, Tata Capital offers a range of financing options that can help you meet your property purchasing needs while ensuring compliance with all regulatory requirements. Explore our Property Loan options to make your property transaction as seamless and compliant as possible.

What Is Exempt-Exempt-Exempt (EEE) In Tax In India?

Imagine finding a way to keep your savings safe from taxes at every step, from when you invest to when you finally use them. That’s what the Exempt-Exempt-Exempt (EEE) tax model in India’s income tax system offers. It’s a triple-benefit approach that shields your investments from taxes, making it a key strategy for anyone looking to save money wisely.

Tax rules can be complicated, but the EEE model simplifies how you can save on taxes through certain investments. It’s like having a guide that shows you where to invest your money so that it grows without being diminished by taxes. This blog aims to explain the EEE model in a straightforward way, highlighting its importance and how it can significantly improve your financial planning.

What Is Exempt Exempt Exempt Status?

The EEE tax status is a triple-layered tax benefit scheme applicable to certain investments and financial instruments in India. The acronym stands for Exempt-Exempt-Exempt, indicating three stages of tax exemption:

Initial Investment Deduction

The first layer of exemption applies at the very start of your investment journey. When you invest in qualifying financial instruments under the EEE model, the amount you invest is eligible for a tax deduction. This means that the money you put into these investments can be deducted from your taxable income, effectively reducing the total amount of income tax you owe.

For instance, if you invest Rs. 1.5 lakh in a Public Provident Fund (PPF) in a financial year, this amount can be fully deducted from your taxable income under Section 80C of the Income Tax Act. If your annual taxable income is Rs. 10 lakhs, investing Rs. 1.5 lakh in a PPF would reduce your taxable income to Rs. 8.5 lakhs, potentially lowering your tax bracket and reducing your overall tax liability.

Accumulation Phase Benefit

The second layer of exemption protects the growth of your investment. Any interest, dividends, or income generated from your investment during its accumulation phase is not taxed. This feature is particularly beneficial in compounding investments, where the interest earned itself earns more interest over time.

Taking the PPF example further, suppose the PPF offers an annual interest rate of 7.1%. On your investment of Rs. 1.5 lakh, you would earn Rs. 10,650 in interest in the first year. Unlike other savings instruments where this interest might be taxable, under the EEE model, this income is completely tax-free. Over the years, this tax-free compounding can significantly increase the total value of your investment.

Withdrawal Advantage

The final layer of exemption comes into play when you withdraw your investment, either upon maturity or termination. The entire amount you receive from the investment, which includes your principal and the interest or income generated over the years, is exempt from tax.

For example, if the PPF matures after 15 years and the total value of the investment grows to Rs. 40 lakhs, this entire amount is tax-free upon withdrawal. This is a significant advantage, especially when planning for long-term goals like retirement, where the entire corpus you’ve built can be used without any tax deductions.

Key Instruments Under EEE Tax Benefit

Several investment options and savings schemes fall under the EEE category, offering comprehensive tax benefits at every stage. Here’s a closer look at some of the most significant instruments:

Public Provident Fund (PPF)

Section 80C Deduction: Investments in PPF are eligible for deduction under Section 80C of the Income Tax Act up to a limit of Rs. 1.5 lakh per annum.

Tax-Free Interest: The interest rate on PPF is revised quarterly by the government and currently stands at around 7-8%. This interest is compounded annually and is entirely tax-free.

Maturity Exemption: The total corpus upon maturity, after the lock-in period of 15 years, is exempt from tax. This includes both the principal amount and the interest earned over the years.

Employee Provident Fund (EPF)

Section 80C Deduction: Contributions towards EPF by employees are also covered under Section 80C, with a deduction limit of Rs. 1.5 lakh.

Tax-Free Interest: EPF interest rates are decided by the EPFO (Employees’ Provident Fund Organisation) annually, and the current rate is around 8-8.5%. This interest is tax-free.

Withdrawal Exemption: Amounts withdrawn from EPF after the completion of 5 years of continuous service are exempt from tax, including both the employee’s contributions and interest earned.

Life Insurance Policies

Section 80C Deduction: Premiums paid for life insurance policies qualify for a deduction under Section 80C, subject to conditions. The premium amount eligible for deduction is up to 10% of the sum assured for policies issued after 1st April 2012, and up to 20% for policies issued before that date.

Tax-Free Policy Proceeds: The maturity proceeds or death benefit received from life insurance policies are tax-free under Section 10(10D), provided the premium does not exceed 10% of the sum assured for policies issued after April 1, 2012.

Equity-Linked Savings Scheme (ELSS)

Section 80C Deduction: Investments in ELSS funds are eligible for deduction under Section 80C, with the same upper limit of Rs. 1.5 lakh per annum.

Tax-Free Returns: Although ELSS funds are subject to market risks, they offer the potential for higher returns compared to other EEE instruments. The dividends and capital gains up to Rs. 1,00,000 from ELSS funds are tax-free, making them an attractive option for investors looking for growth as well as tax savings.

Sukanya Samriddhi Yojana (SSY)

Section 80C Deduction: Contributions towards SSY qualify for tax deduction under Section 80C, up to Rs. 1.5 lakh annually. This scheme is specifically designed for the parents or legal guardians of a girl child, aiming to promote her education and marriage savings.

Tax-Free Interest: The scheme offers an attractive interest rate, which is currently higher than many other savings instruments, and the interest earned is entirely tax-free.

Maturity Exemption: The total amount, including the interest accrued upon maturity after 21 years or upon the girl reaching the age of 18 if the funds are used for her education or marriage, is exempt from tax.

Conclusion: Harnessing the Power of EEE for Your Financial Growth

The Exempt-Exempt-Exempt (EEE) tax status is a powerful tool in the hands of savvy investors and savers. By understanding and utilising the EEE tax benefits, individuals can significantly enhance their financial well-being and secure their future. Whether it’s planning for retirement, saving for a child’s education, or building a financial safety net, the EEE model offers a structured and tax-efficient way to achieve your financial goals.

Embrace the advantages of EEE tax status by exploring investment options that align with your financial objectives. Remember, a well-thought-out investment strategy that leverages the EEE tax exemptions can pave the way for a secure and prosperous future.

Looking to make the most of your investments with the EEE advantage? Explore how Tata Capital’s Wealth Services can help you optimise your tax savings and achieve your financial milestones with ease.

When is World Health Day? Know Its Importance

World Health Day is celebrated on April 7 every year globally, under the auspices of the World Health Organization (WHO). This special day is dedicated to raising awareness about various health issues prevalent in the society. The day also marks the anniversary of WHO’s founding in 1948 and serves as an opportunity to focus on urgent health issues affecting people across the world.

Every year, WHO picks new and unique themes to address immediate health challenges faced by human civilisation as a whole. Read on as we explain what is the theme of World Health Day in 2024, its importance, and potential impact on global health dynamics.

The Significance of April 7: World Health Day

On 7 April 1948, the United Nations (UN) established the World Health Organization (WHO), one of its eleven official global health campaigns. Since then, the organisation has observed April 7 as World Health Day every year. 

World Health Day commemorates the foundation of WHO, one of the most renowned global health organisations. However, the primary objective of observing this special occasion is to raise awareness about various health issues and mobilise support to address them globally. 

Every year, governments, communities, and health organisations worldwide come together to observe World Health Day. They organise several activities, such as awareness campaigns, health drives, and education initiatives, to inform the general public about various health issues, disorders, and mental health concerns. 

What Is the Theme of World Health Day 2024?

As mentioned earlier, World Health Day is celebrated on 7 April every year. The focus or agenda for the day also changes with each passing year to address different pressing health issues, like mental health, climate change, maternal and child care, and so on. 

For instance, last year’s World Health Day marked the 75th anniversary of WHO, and the motto for the day was to achieve “Health for All.” Similarly, in 2022, the slogan was “Our Planet, Our Health”, with a focus on addressing the impact of climate change on health. 

For April 7, 2024, World Health Day’s theme was “My Health, My Right.” This year’s celebration aims to reiterate that access to proper healthcare services shouldn’t be a privilege but a right for every citizen on the planet.

Why Is World Health Day 2024 Important?

In 2024, World Health Day aims to call for action to uphold the right to health for every person on the planet. Here’s the detailed breakdown of objectives WHO plans to achieve through World Health Daya celebration this year:

1. Address Government Inaction 

According to the WHO Council on the Economics of Health for All, around 140 countries consider health a human right and have included it in their constitutions. However, the council believes that these countries haven’t passed laws or implemented policies that ensure their population gets access to healthcare. 

It also revealed that, due to government inaction, around 4.5 billion people, or more than half of the global population, did not have access to essential health services in 2021. 

2. Highlight Increasing Deaths Due to Poor Health

WHO wants people and authorities to understand the correlation between diseases, disabilities, and deaths. It believes diseases and disasters are increasingly becoming primary causes of disability and death. Ensuring access to healthcare to the public will help countries address adverse outcomes like high mortality rates and improve overall health equity. 

3. Prevent Air Pollution

This year, the focus is also on raising awareness about the adverse effects of climate crises, especially air pollution, on health. WHO stated that burning fossil fuels is the biggest cause of indoor and outdoor air pollution, causing a death every five seconds. 

WHO wants to encourage governments and people to shift to cleaner fuels by addressing this issue. The organisation believes this step is essential to safeguard people’s right to breathe clean air.

4. Physical and Psychological Impact of Wars

WHO also wants world leaders to understand the impact of conflicts on the affected region’s population. It intends to highlight how wars are destroying lives and causing hunger, pain, and death. 

It also wants leaders to recognise the psychological distress and other mental health-related issues wars cause among victims. The aim is to initiate peace actions in areas affected by violence and prevent future conflicts by fostering healthier and more resilient societies.

To address all these challenges, ‘My Health, My Right’ has been selected as the theme for World Health Day 2024. In the memo published on its website, WHO said that –

“This year’s theme was chosen to champion the right of everyone, everywhere, to have access to quality health services, education, and information, as well as safe drinking water, clean air, good nutrition, quality housing, decent working and environmental conditions, and freedom from discrimination.”

Final Words

Every year on 7 April, the World Health Day celebration provides everyone with an opportunity to reflect on the health challenges they face as a civilisation. It also mobilises communities and governments worldwide to unite and find solutions to these challenges. WHO spearheads this behemoth task, ensuring people get access to the healthcare services they deserve. 

Tata Capital is also committed to strengthening citizens not just financially, but by enhancing their health and well-being. We offer customers affordable personal loans for medical emergencies so they can pay their medical bills without exhausting their life savings. 

With Tata Capital, you can avail of personal loans of up to Rs 35 lakhs at attractive interest rates to cover the cost of medical treatment. Our medical loans come with instant approval and minimal paperwork and don’t require any collateral.

What is the Significance of Akshaya Tritiya?

Also known as Akha Teej, Akshaya Tritiya is a day of auspiciousness and spiritual significance for Hindus and Jains alike. It celebrates eternal prosperity and is considered a good time to perform auspicious activities.

This blog will explore what is Akshaya Tritiya, when is Akshaya Tritiya celebrated and discover its spiritual significance.

What is Akshaya Tritiya?

Akshaya Tritiya, often called the “Day of Endless Prosperity,” is deeply rooted in Indian culture. It symbolises endless blessings and the start of favourable endeavours. Akshaya means ‘eternal’, ‘never diminishing’, or ‘imperishable’, suggesting that any positive action undertaken on this auspicious day brings perpetual benefits.

When is Akshaya Tritiya?

Akshaya Tritiya falls on the 3rd Tithi of the Bright Half of the Indian month of Vaishakha, typically in April or May. It is particularly important as it aligns with the peak brightness of the Sun and the Moon.

Akshaya Tritiya 2024 is on May 10th. The Tritiya Tithi timings are as follows:

1. Tritiya Tithi starts at 04:18 AM on May 10th.

2. Tritiya Tithi ends at 02:50 AM on May 11th.

Why we celebrate Akshaya Tritiya?

The celestial alignment of Akshaya Tritiya is intertwined with legends and divine occurrences. Here’s why we celebrate Akshaya Tritiya:

1. Goddess Annapurna’s story: Celebrated on her birth, her generosity and compassion teach the importance of giving and sharing, embodying selflessness and community welfare.

2. Birth of Lord Parasurama: Marks the birth of Lord Parasurama, bringing blessings of courage, righteousness, and protection.

3. Mahabharata’s beginnings: Veda Vyas and Lord Ganesha start writing the epic on Akshaya Tritiya, symbolising profound wisdom and divine knowledge.

4. Jain observance: Commemorates the end of Tirthankara Rishabha’s fast with sugarcane juice, symbolising spiritual renewal and enlightenment.

Akshaya Tritiya importance

Spiritually, Akshaya Tritiya is a time of immense blessings and positive energies. The cosmic alignment during this period is believed to enhance one’s success, prosperity, and overall well-being. This auspicious day is often seen as a favourable time to start new ventures, make important decisions, and seek divine guidance for a harmonious life journey.

The rituals performed on Akshaya Tritiya are steeped in tradition and symbolism, reflecting the deep spiritual connection of devotees with their faith:

1. Family rituals and devotion: Families come together to offer prayers and perform elaborate pujas, invoking the blessings of deities like Lord Vishnu, Goddess Lakshmi, and Lord Ganesha. These rituals create a sacred atmosphere filled with chants, hymns, and fragrant incense, fostering a sense of spiritual elevation and unity.

2. Acts of compassion and generosity: Acts of charity and kindness play a significant role during Akshaya Tritiya. People engage in philanthropic activities such as feeding those in need, donating to charitable causes, and extending support to the less fortunate. These acts of compassion resonate with the festival’s essence of abundance, generosity, and communal harmony.

3. Spiritual practices: Engaging in prayers, chanting mantras, and performing pujas to deities like Lord Vishnu, Goddess Lakshmi, and Lord Ganesha invoke divine blessings for abundance, good health, and harmonious relationships.

4. Symbolism of gold: Purchasing gold or gold jewellery on Akshaya Tritiya is believed to bring enduring prosperity, as gold symbolises wealth, purity, and divine blessings that never diminish.

How is Akshaya Tritiya celebrated across India?

The regional celebrations of Akshaya Tritiya showcase the rich cultures of India as follows:

1. In Orissa, the festival marks the commencement of preparations for the grand Rath Yatra, symbolising devotion, and the beginning of a sacred journey.

2. In Uttar Pradesh, devotees gather at revered temples like Banke Bihari in Vrindavan, participating in time-honoured rituals and seeking blessings for prosperity and spiritual fulfilment.

3. Maharashtra’s festivities reflect the values of love, togetherness, and familial bonds, with special rituals that celebrate marital harmony and happiness.

4. West Bengal’s devotion to Goddess Lakshmi during Akshaya Tritiya underscores the belief in wealth, prosperity, and abundance, inspiring devotees to embrace material and spiritual prosperity.

What are the recommended charitable acts on Akshaya Tritiya?

On this auspicious day, engaging in charitable acts holds immense significance, embodying the spirit of giving and blessings. Here are seven recommended acts of charity that symbolise prosperity, compassion, spiritual growth, and blessings for various aspects of life.

1. Jala Daanam: Offering water, betel nuts, and dakshina to Brahmins symbolises purity, sustenance, and blessings of prosperity.

2. Vasthra Daanam: Donating clothes to the needy signifies compassion, longevity, and blessings for a fulfilling life.

3. Kumkum Daanam: Giving kumkum blesses with elevated status and harmonious relationships, especially for married couples.

4. Chandana Daanam: Donation of sandalwood ensures protection from adversities and invites spiritual growth.

5. Thamboolam: Offering betel leaf represents spiritual strength, prosperity, and blessings from celestial beings.

6. Naarikela Daanam: Donating coconuts relieves ancestral burdens and brings blessings from the heavens.

7. Udakumbha Daanam: Offering water, camphor, saffron, and betel nut assures the fulfilment of desires and divine blessings for various life aspects.

What are the popular puja practices on Akshaya Tritiya?

On Akshaya Tritiya, popular puja practices encompass a range of divine rituals and offerings that symbolise blessings for wealth, health, purity, and prosperity. Here are some revered puja practices observed on this auspicious day:

1. Goddess Mahalakshmi and Vishnu puja: Through worship of Goddess Mahalakshmi and Lord Vishnu, one invokes blessings for wealth, health, and opportunities.

2. Cow and horse puja: Honouring the sacredness of cows and horses brings purity, prosperity, and energy blessings.

3. Elephant (Gaja) puja: Worshipping elephants symbolises the removal of obstacles and blessings from Lord Ganesha.

4. Mother Earth puja: Seeking blessings from Mother Earth for abundance, prosperity, and sustenance of life.

Final thoughts

Akshaya Tritiya celebrates timeless values, spiritual growth, and the enduring cycle of blessings. As you celebrate, embody kindness, abundance, and resilience, spreading blessings that inspire and flourish.

Celebrating Akshaya Tritiya’s importance, Tata Capital invites you to discover a world of financial opportunities and possibilities. Through our diverse financial solutions and services, we aim to empower individuals and businesses to embark on new ventures with confidence and success. This Akshaya Tritiya, explore our flexible personal loan offerings and take a step towards a brighter, prosperous future.

Visit the Tata Capital website or download the app to know more.