Following traffic rules is a very important aspect of being a responsible driver. Unfortunately, many people neglect following all the rules, and this causes road accidents. To help keep people accountable, traffic police issue challans or fines that detail the rule broken by the driver in question. Challans have to be paid by a specific time, and failure to do so can lead to further fines or even an arrest in extreme cases.With almost every financial process in India adopting digital systems, the government of India has ensured that citizens can pay challans easily and quickly. This is where the e-challan comes into the picture.What is an E Challan?An E challan is a digital document that details the traffic violation made by a person, along with the fine amount that needs to be paid.

Loan settlement is when a borrower facing financial struggles negotiates with a lender to repay a reduced amount instead of the full outstanding loan. While it offers you temporary relief, it will create a negative mark on your credit report, which can affect your borrowing capacity in the future.This article will take you in-depth into how the loan settlement world works, its benefits and drawbacks, and what you should consider before going down this path. What is Loan Settlement?A loan settlement occurs when the borrower can't repay the full amount due to financial difficulties. The borrower negotiates with a lender for a reduced amount that works for both parties. Once an agreement is made, the borrower pays the settled amount, and the lender writes off the remaining balance. After this payment, the loan will be marked as "settled" on the borrower's credit report.

 A Tax Saving Fixed Deposit is great choice to if you're looking to save your taxes. You can reduce your taxable income up to ₹1.5 lakh under Section 80C of the Income Tax Act, although it comes with a mandatory lock-in period of 5 years. If prematurely withdrawn, the deduction would be considered as income in the year of you withdraw money from your FD. While the interest you earn on it is taxable, it remains a handy way to plan your taxes and preserve your wealth over the long term. This article will cover how tax-saving FDs work, their features, eligibility, tax rules, and how they compare with other 80C investments, so that you can decide if it’s the right fit for your financial goals.What are Tax-Saving FDs?A tax-saving Fixed Deposit (FD) is a savings instrument that banks offer to individuals who earn interest while receiving tax benefits. It gives investors a safe way to grow their savings and reduce their taxable income while preserving their capital.Under Section 80C of the Income Tax, an investor can claim a deduction of up to 1.5 lakhs per financial year if they invest in a tax-saving FD.