Category: Finance

Life Insurance Corporation has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. This is a single premium immediate annuity plan.  The official website…

National pension system (NPS) and employee provident fund (EPF) are two key retirement schemes in India. While anyone can open an NPS account, one has to be in a full-time job to…

There are numerous potential reasons why a credit card application can be rejected, and the applicant is left confused. Knowing the reasons in advance can enhance your approval prospects the next time….

Kotak Mahindra Bank has slashed its interest rates on savings accounts effective February 17, 2025 soon after the Reserve Bank of India (RBI) reduced its repo rate by 25 basis points.  Below…

Despite an increase in systematic investment plan (SIPs) contributions, the stoppage ratio of SIPs, which stood at 52.3 per cent last year, has spiked to 109 per cent in January 2025. Against…

India’s income tax law has recently undergone a major reform with a new Bill having been introduced in the Lok Sabha on Thursday and proposed to be reviewed by the select committee….

In 2023, new tax regime became a default regime which means the taxpayers must opt out of the new tax regime to be able to claim tax exemptions given under sections 80C,…

The income tax department has launched the utility to enable taxpayers to check the relevant provision of the new income tax Bill. The new income tax Bill was introduced in the Parliament…

In 2025, Nifty 50 has lost around 2 per cent, whereas Nifty Midcap 150 index declined by 7 percent, and Nifty Smallcap 250 index 9 per cent. Read this Mint article to…

A new credit card fraud is in the works where scammers are posing as employees of the State Bank of India, asking unsuspecting customers to avail an offer to increase their credit…

The first involves doing your homework (reading company reports, analysing mutual funds, keeping tabs on the economy) before deciding which stocks or funds to invest in. This may sound straightforward, but the…

New Income Tax Bill: Finance Minister Nirmala Sitharaman tabled the long-awaited bill for the new tax code in the Lok Sabha on Thursday, February 13. While the new bill is a significantly…

The bill is culmination of amendments incorporated in successive budgets since the idea of a Direct Tax Code 2010 was floated in 2009. It aims to maintain relative stability in the well…

Finance Minister Nirmala Sitharaman will introduce the new Income-Tax Bill 2025 in the Lok Sabha on February 13. The Bill aims to consolidate and amend the taxation laws of the country. “Smt….

Edelweiss CEO Radhika Gupta emphasises that systematic investment plans (SIPs) are a long-term commitment, suggesting that patience and time are crucial for success in investing. Radhika Gupta shared a few insights on…

I am a textile merchant and I want to plan my estate in a way that it protects my wife, parents, and daughter after my death. What are the different things I…

Dividends are more than just a share of profits—they reflect a company’s commitment to shareholders and its approach to governance. Yet, balancing investor payouts with reinvestment for growth has always been a…

If you are taking a personal loan, all you are worried about is its repayment. It is vital to remember that a personal loan’s EMI hinges on two key factors: loan tenure…

Before investing in a mutual fund scheme, it is important to see — among other factors –the past returns delivered by a scheme vis-à-vis others schemes which fall in the same category….

Income Tax Bill News LIVE: The Union Cabinet has approved the new Income Tax Bill on Friday, February 7, potentially leading to its introduction in the Lok Sabha early next week. This…

There is no denying the fact that Unified Payment Interface (UPI) has become quite pervasive and it is relied upon for most sundry transactions. In the past few years, most youngsters have…

Before investing in a mutual fund, investors tend to assess the past returns of that scheme and compare the same with those of other schemes in the same category. Aside from past…

Three sisters inherited one piece of land in 2003, but it was partitioned among the sisters in 2010. For the indexed cost of the purchase in the calculation of long-term capital gain,…

The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday, February 8, decided unanimously to reduce the policy rate by 25 basis points to 6.25 per cent from 6.5 per cent….

With the Reserve Bank of India (RBI) slashing the repo rate by 25 basis points to 6.25 per cent, interest rates on fresh loans are likely to decline. Notably, today’s repo rate…

Alternative investment funds (AIFs) have evolved from niche offerings to become a cornerstone of India’s financial ecosystem. With a remarkable compound annual growth rate (CAGR) of 31% over the past five years…

While the new tax regime trims down the deductions and exemptions available to taxpayers, it still offers several strategic benefits that can lighten the load for individual taxpayers.  Here’s a breakdown of…

The first best on using a credit card is earning reward points for tedious transactions. However, points alone wouldn’t bring value until you effectively learn how you can use them. This guide…

In today’s fast-paced, information-driven world, it’s easy to get obsessed with monitoring the performance of your mutual fund every single day. With apps and websites giving live updates, checking your investment’s performance…

When you take out a personal loan, one of the most important considerations is to check the monthly instalment to pay off your debt. In case you are wondering how you can…

Thanks to Budget 2025, new tax regime has become even more lucrative now. With no income tax for those who earn up to ₹12 lakh a year, taxpayers have one more reason…

In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab would be raised to ₹12 lakh; however, it is often misunderstood as a tax exemption or…

How would you know whether a small cap mutual fund is safe to invest in terms of future volatility? Among several metrics, you may also consider the results of ‘stress test’ which…

I want to redeem equity mutual funds this financial year but keep gains under ₹1.25 lakh to avoid capital gains tax. How can I check the split between principal and gains before…

Imagine getting a salary bump, only to find that your tax bill eats up most—if not all—of your raise. While the new tax regime in Budget 2025 promises no tax on incomes…

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a…

The Indian banking and financial sector though robust and well capitalized, still faces serious challenges linked to unsecured loans and global market volatility. This fact has already been highlighted in the Economic…

Income tax Budget 2025 LIVE: Finance Minister Nirmala Sitharaman will present Budget 2025 at 11 am on February 1. Will the focus be on potential changes to income tax slabs, exemptions, and…

The movie has more flash, more swagger than the dark Malayalam version where Prithviraj looks like he’s truly haunted by his loss of memory, and events there seem to be a tad…

My wife has been diagnosed with Glioblastoma (brain cancer). After surgery and radiation, her doctor has prescribed Temozolomide for five days as part of chemotherapy which will continue for 9 -12 months….

Are you looking to gift Mutual Fund units to your loved ones or simply consolidate your investments rejigging holdings between different accounts? Did you know that you can transfer or gift Mutual…

While the stock market is extremely volatile, some conservative investors are contemplating investing in mutual funds, thereby outsourcing their investing decisions to the experts. If you are also one of them, it…

Q. I’m planning to upgrade my smartphone and laptop. Can I club these under one consumer durable loan? -Name withheld on request If you’re looking to upgrade your gadgets, here’s some good…

What legal steps can my family take if someone challenges my will? -Name withheld on request Drafting a will is a time-tested and widely used method of succession planning, enabling individuals to…

To make intelligent financial decisions, you need to know your credit card limits. You can avoid overspending, which may lead to fines, reduced credit scores, and unnecessary fees, by adhering to these…

Income tax calculator: The new tax regime became a default tax regime in FY 2023, which means taxpayers are meant to pay income tax based on the new regime unless they opt…

Switching jobs often brings excitement—a new role, better pay, fresh challenges. But it also comes with its share of challenges, and one of the trickiest is serving out your notice period. For…

The United Kingdom’s (UK) top 100 taxpayers list revealed that the number one taxpayer in the country is not amongst the top celebrities like Ed Sheeran or JK Rowling, it is someone…

So, what do you do if you already have two residential properties in your name but wish to buy a third one for your child or parents with the sale proceeds of…

If you are planning to take out a personal loan, it is recommended that you compare the interest rates charged by different banks so that you can get the best deal. The…

If you are planning to invest in a mutual fund scheme, it is quite usual to evaluate the past returns of that scheme and compare the same with its rivals in the…

When the new income tax regime was introduced in 2021, people were taken aback by the lack of most deductions. However, the simplified tax regime made a lot of sense.  Gone was…

Getting a credit card is only the first step in your journey to using it. You also need to get the card activated for carrying out online and contactless transactions and set the spend…

New Delhi, Jan 23 (PTI) Overall demand continues to remain soft as inflation of food, educational and telecom expenses put pressure on disposable income of the average Indian, and steps to leave…

Mutual funds have come a long way; the numbers speak for themselves. systematic investment plans, or SIPs, have quadrupled in the last eight years, and monthly inflows in December 2024 crossed ₹26,000…

There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the…

Paying your credit card bills on time is extremely important to keep a healthy credit score and get better deals on your future borrowings. HDFC bank offers a wide range of credit…

How do I plan the smooth transition and safety of the estate that I have accumulated over my lifetime? -Name withheld on request The initial step in estate planning involves a thorough…

Avir Tiwari’s wallet was so full that it couldn’t take it anymore. For the six-month-old boy, it wasn’t particularly a bad situation.  However, his dad, Ekansh Tiwari, associate vice president of currencies at…

IDFC FIRST Bank, in partnership with RuPay, has announced the launch of the UPI-enabled FD-backed secured credit card. Known as FIRST EARN, it is backed by fixed deposit, thus enabling everyone to…

I am a resident Indian promoter of an Indian private limited company that manufactures and exports antique furniture. In 2015, my company allotted a small percentage of shares to a non-resident individual…

Investing in US stocks allows Indian investors to own a slice of the world’s most influential companies, while global exchange-traded funds (ETFs) provide an avenue to diversify portfolios beyond domestic markets. While…

As you enter your apartment, you unlock your phone again to find the app still showing the discount on the latest model of your 18-month-old phone. Without much thought, you click ‘Buy…

Employees’ Provident Fund Organisation (EPFO) has launched a new feature for its members as employees can now change personal details like their name and date of birth online without any verification from…

Kamath stepped down as head of fixed income of the mutual fund segment in 2023 to head the newly set-up alternatives business. According to a private presentation accessed by Mint, the AIF…

Although Indians are increasingly adopting financial assets like stocks and mutual funds, they still have to go a long way in terms of prudent retirement planning, believes Sriram Iyer, the chief executive…

‘This is my grandfather’s voice,’ Hrithik says, and if you can take your eyes away from his beautiful chiseled face, then you will be amazed at how the old boombox is still…

Purchasing a car is a major financial commitment, and the idea of using a credit card for the payment may seem appealing, particularly if you’re aiming to earn rewards. While this method…

To address such scenarios, the Securities and Exchange Board of India (Sebi) has rolled out revamped rules that allow nominees to manage the accounts of physically incapacitated investors without requiring a power…

Imagine you’re shopping for shoes on Amazon. You start with thousands of options but gradually narrow your search using filters like category, colour, size and material until you find the perfect pair….

I will be adding unclaimed interest on my home loan to the cost of acquisition. Should I add indexed cost or absolute cost of unclaimed interest while calculating capital gain?  – Name…

The importance of the housing sector to India’s gross domestic product (GDP) cannot be overstated. The major employment generator is expected to contribute 13% to the national GDP. With the Union budget…

Confused about Hindu Undivided Family (HUF) units? This guide answers the most common questions about their tax advantages, formation, income types, and legal intricacies. Get expert insights on how to effectively manage…

The Reserve Bank of India (RBI) recently released a set of Frequently Asked Questions (FAQs) regarding a circular on resetting floating interest rates on Equated Monthly Instalment (EMI)-based personal loans. One of…

If you somehow failed to file your income tax return (ITR) for any of the past two years, you can still file an updated income tax return. These two years are 2021-22 (AY…

Thailand recently launched two residency programmes that are gradually gaining popularity: the remote work visa and the wealthy pensioner visa for retirees. Here is a look at these options. Remote work visa:…

Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. As the Union Budget for 2025-26 approaches,…

MUST check in ITR filing: Tax sleuths are out to tighten the noose on cash transactions. Ahead of the union budget, Mint takes a look at some transactions that may result in…

High-interest rate fixed deposits for super senior citizens: Super senior citizens (aged 80 and above) can earn significantly higher returns on their fixed deposits (FDs) than regular depositors. Several leading Indian banks,…

Tuition, living expenses and other fees rank among the many high costs associated with higher education. Education loans are an effective means for students to meet their objectives without ever having to…

Days before MahaKumbh Mela 2025, the digital wallet and payment app Phone Pe, in collaboration with ICICI Lombard General Insurance company, has launched a ‘first-of-its-kind’ insurance policy for devotees. The insurance will…

Unified Payments Interface (UPI) transactions hit a record high of 16.73 billion in December 2024, a rise of 8 per cent from November data with 15.48 billion transactions, according to data released…

My health insurance company has rejected my claim because I am unable to furnish internal hospital papers. I have submitted all the required documents. What are my options to ensure that my…

Do you hold a credit card and plan to procure one more amid some confusion and doubts? If that is the case, then it is vital to remember that holding more than…

Taxpayers must note that the deadline for filing a belated income tax return or submitting a revised return for the assessment year 2024-25 is fast approaching. The final date for submission is…

Prior to investing in a mutual fund, investors are advised to evaluate the performance of different schemes in the same category to gauge their historical performance. This not only gives investors a…

If you face a temporary cash crunch and are in an urgent need of funds, you can use the gold sitting in your locker to tide over your cash flow issues. Banks…

India’s Unified Payments Interface (UPI) transactions rose to 16.73 billion for the month of December 2024, according to data collected from the National Payments Corporation of India (NPCI) website. This rise is…

As from January 1, 2025, one of the key regulations taken by the Reserve Bank of India will make it compulsory for lenders to update credit bureau records every 15 days. This…

I worked with two different establishments from 2011 to 2015 and 2015 to 2016, respectively, for which I was assigned two different UANs and PF accounts. My current organisation, for the past…

But what has worked in favour of Angane is the double income from giving French tuition in the evenings and her day job as a marketing executive. She has decided to stay…

The submission of income tax investment proofs for FY 2024-25 is generally due by March 31st, subject to deadlines, which may vary across organisations. Employers typically start collecting these proofs between January…

Best Mutual Funds: While Indian stock markets remain bullish, analysts point to small-cap mutual funds (MFs) as appealing investment possibilities. Some of these funds have generated alpha gains by consistently outperforming benchmark…

If you have made investments in some tax-saving instruments but realise that you won’t be able to claim the deductions against them since you missed intimating your employer about opting for the…

Getting the money may not be that easy, particularly when you don’t have collateral to pledge to them. Conventional loans demand collateral, for example, in the form of equipment or real estate,…

Unified Payments Interface (UPI) transactions hit a record 16.73 billion in December 2024, shows data released by the National Payments Corporation of India (NPCI). This figure marks an eight percent increase as…

Do you feel happy when you only pay the minimum amount on your credit card bill because ultimately, you have more money left to spend on other things. Also, you don’t have…

The calendar year 2025 has begun and the financial year 2025 is set to end in three months. However, taxpayers can still invest in a slew of tax-saving schemes that enable them…

The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3,…

Small savings schemes: The central government has kept the interest rates unchanged on various small savings schemes for the January-March quarter of the financial year 2024-25 (Q4FY25). According to an official notification…

Are you looking to build a credit history? But you need a credit history/score to get a credit product that can help you build a credit history. This can make it difficult…

The income tax department on Monday extended till January 31 the due date for determining the tax dues and filing declaration under the Vivad Se Vishwas scheme for waiver of interest and…

Weddings are magical, once-in-a-lifetime celebrations where love takes centre stage, and everything else, the venue, the food, the music, works to make the day unforgettable. But let’s be real: magic has a…

Q – Should a resident Indian having rental income from the US, take the benefit of depreciation and other reliefs allowed in the US and offer for tax on house property income…

New Year 2025 is just around the corner, and it brings more than just resolutions: it is a chance to realign our financial goals for the year. Planning finances for the new…

The Reserve Bank of India (RBI) recently allowed the users of prepaid payment instruments (PPIs) to access UPI services via third party applications. This is seen as a commendable move which will…

Before you invest in a mutual fund, it is natural to evaluate its past returns and compare the same with its peers in the same category. Although past returns do not guarantee…

When raising a personal loan, lenders often urge the borrowers to opt for loan insurance. This is to make sure that any unforeseen circumstance does not prevent the borrower from clearing the…

Do you know whether you have been accumulating HDFC credit card reward points? Exciting benefits such as travel discounts, cashback, and retail vouchers can be availed of with these points. Here’s a…

If you are planning to raise a personal loan then the bank would invariably ask you to submit several documents (unless it is a pre-approved loan) such as your salary slips, your…

Buying a home is one of the crucial decisions of life, and it requires years of planning and investment. While many rely on investments to buy their dream home, others borrow money…

If you are a credit card user and planning to buy an electronic gadget some time soon, it is rational to check whether the card offers any cashback on the purchase of…

How can I check if I’m pre-approved for a consumer durable loan, and does it save time in the application process? -Name withheld on request Pre-approved consumer durable loans offer a quick…

Thanks to the current volatility, retail investors are increasingly jittery about investing directly in the stock market. With benchmark indices already lower by 10 per cent from their all-time high, there are…

That’s not all. While you are waiting for your funds, you learn that some other investors in the same bond got their money back in full and on time. This is what…

The Employees Provident Fund Organisation (EPFO) has extended the deadline for UAN activation and seeding of bank accounts to Aadhaar to avail the benefits under the ELI (Employment Linked Incentive) scheme to…

Savings have long been the backbone of financial stability in Indian households. Deeply ingrained in the nation’s ethos, the act of saving has traditionally ensured resources for future uncertainties, children’s education, and…

The freelance economy in India has witnessed extraordinary growth, transforming from a niche working arrangement into a mainstream career choice. With more than 15 million active freelancers and an industry projected to…

Bhansali prefers an 11-month rental agreement as it doesn’t need to be registered. “It helps to save registration costs, as well as the hassles of making an agreement. If you make a…

The Employees’ Provident Fund Organisation (EPFO) provides an online facility for submitting wage details by employers for pensions on higher wages. The EPFO has extended the date to submit the wage details…

In a verdict that will impact lakhs of credit card holders in India, the Supreme Court on December 20 overturned a 2008 National Consumer Disputes Redressal Commission (NCDRC) judgment capping credit card…

Borrowers who find it difficult to repay personal loans can explore the prospect of a moratorium, a temporary period during which they are not supposed to make any payment. It is noteworthy…

The Christmas and New Year holidays are a time to relax and explore new destinations. Many travellers use the year-end holiday season to visit their favourite destinations. Exploring new destinations comes at…

In India, healthy life expectancy at birth improved by 4.02 years from 54.1 years in 2000 to 58.1 years in 2021, according to statistics from the World Health Organisation (WHO). As average…

We are a 75-year-old couple holding a mediclaim policy of ₹4.5 lakh from a PSU insurer. The coverage has remained unchanged for the last 10 years and has been in continuation for…

-Name withheld on request Firstly, it is great to hear that your cousin has successfully paid off their home loan at the age of 35 and has begun investing 30% ( ₹45,000…

The latest stress test ofmutual funds reveals that the mid cap schemes will take as long as 32-34 days to liquidate 50 percent of their portfolio. At the same time, small cap…

Capital market regulator Securities and Exchange Board of India (Sebi) has proposed a platform to give relief to those investors who have lost track of their mutual fund investment. By releasing a…

Personal loans are a popular choice for people looking for quick cash to cover their finances or if they are facing any sudden emergency. These loans offer quick loan disbursement as well…

Delhi Chief Minister Atishi recently announced the Mukhyamantri Mahila Samman Yojana that will provide financial aid for women. The scheme aims to provide monthly financial assistance of ₹1,000 to women above 18…

If you are planning to invest in a mutual fund, then it is recommended to examine the past returns of that scheme vis-a-vis other schemes in the same category. The past returns…

Since April 2023, fresh investments in the growth option of debt mutual funds have been taxable at the marginal income tax rate for short-term capital gains (STCG). For most investors, this is…

As the third installment of advance tax is due on December 15, taxpayers are reminded of the importance of adhering to this deadline to stay compliant and avoid penalties. Advance tax, often…

ITR Advance Tax: The deadline for the third instalment of advance tax is December 15, 2024. Taxpayers must pay the advance tax before the due date to avoid penalty. What is advance…

My employer offered me an ESOP two years ago when I joined the company. I will receive these shares in January 2025. I work for an unlisted company, and a listed company…

Credit cards have become a popular choice amongst travellers as they provide great deals and exclusive discounts so that you can have a luxurious vacation while avoiding a hole in your pocket!…

Marriott International is one of the biggest hotel chains in India and across the globe. It has 8,900+ properties under 30+ brands spread across 141 countries. With this vast network, it caters…

Investing wisely doesn’t require a crystal ball or insider secrets; it thrives on time-tested principles and disciplined execution. Whether you’re building your portfolio for 2025 or decades beyond, the fundamentals remain consistent….

Credit cards are no longer just a luxury but have aligned with our day to day spending habits. With the perks offered by credit cards, you can get access to exclusive discounts…

I am a Hindu non-resident Indian (NRI) based in the UK, living with my husband. We have no children, and the rest of our family and relatives reside in India. My husband…

Motilal Oswal Mutual Fund has launched a new arbitrage fund with a unique zero-expense offer for the first year. The New Fund Offer (NFO) is open for subscription from 16-19 December. This…

My 66-year-old aunt, who is still working at a private school, received ₹18 lakh last year from the sale of our ancestral property. She doesn’t need this amount for three to five…

Although applying for a personal loan might seem like a pretty big financial decision, having a co-borrower with you could make the process go easier. Let’s see how adding a co-borrower to…

Since the rise of digital payments, protecting credit card information in transactions is much more important than before. Security risks, that include phishing, bullying, hacking attacks and data losses, are real threats…

A credit card is considered one of the most convenient financial tools for making emergency payments. It allows you to purchase an item when needed and pay for it later and provides…

The bill, passed by the Lok Sabha on 3 December, says that nominees are only custodians and safekeepers representing the beneficiaries (if there is a testamentary document, e.g., Will/Trust deed) and heirs…

Under what circumstances a tenant whose landlord is a non-resident Indian (NRI) can apply for a reduction in tax deducted at source (TDS) on rent and what are the documents needed to…

In the last few months, some banks have made changes to their credit card reward program and introduced or increased fees for some services. In September 2024, HDFC Bank made changes to…

The Employee Provident Fund Organisation (EPFO) allows individuals to only have one Universal Account Number (UAN). Think of UAN as an umbrella account that can house multiple member IDs. When you switch…

If you are a travel freak, you would naturally be spending a lot of time at airports. Often times, you would reach there before time, thus having to wait at the terminal…

Reserve Bank of India (RBI) Governor Shaktikanta Das, during the Monetary Policy Committee (MPC) meeting announcement on December 6, said the bank’s facility of providing credit lines through Unified Payments Interface (UPI)…

Markets regulator Sebi issued a circular on instant redemption in liquid funds in 2017, allowing investors to withdraw up to ₹50,000 or 90% of the money parked in a liquid fund per…

Before getting a personal loan, various factors such as credit history, banks, income, and employment type, among many other factors, may determine interest on your loan. These factors are directly related to…

Over 40% of his annual expenses went into paying the premium for the nine insurance plans, another 40% towards mutual funds, and the remainder for household expenses. Coming from a traditional Lucknow-based…

Before you lock your funds in a fixed deposit, it is vital to compare the interest rates offered by different banks. Typically most banks offer somewhat similar interest on the deposits of the…

But what about the deaf community? There’s little information on mutual funds that’s available in sign language. In fact, six hearing-impaired people told Mint they’ve never come across a guide to mutual…

Credit reports and scores are vital determinants in the contemporary financial world as they determine our prospects. Even though these two phrases are frequently substituted for each other, it is worth noting…

Credit cards often serve as a quick and convenient mode of payment for several financial transactions. However, the trouble starts when your credit card expires and debts are still pending. It is…

In recent years, the decline in debt mutual fund investors has been alarming. Since 2020, folios in fixed income funds have dropped to 7.1 million from 8.1 million even as equity-oriented fund…

When an NRI becomes a resident, can the foreign currency non-resident account FD be freely repatriated without coming under the ambit of the liberalised remittance scheme (LRS)? – Name withheld on request….

A new month has begun and the year 2024 is about to culminate in a span of 31 days. With this, some changes have come into effect, or set to be effective,…

Are you short of funds and exploring different ways of raising money? There are multiple ways to do so such as personal loan, instant loan, credit card loan and loan against an…

The Employees Provident Fund Organisation’s Central Board of Trustees is set to meet today, November 30, to decide on various proposals, according to a Business Today report citing sources. Chaired by Union…

When you raise a personal loan, the first thing you want to do is to find out your equated monthly instalment or EMI. This can be computed with the help of a…

If you are suddenly short of funds and do not wish to borrow from friends then one of the options that you can avail is to raise a personal loan. However, before raising…

If you have faced a credit card fraud, the immediate reaction is to call up the banker to get the card blocked. Does it mean that your card has been closed? Well,…

Over the years, it has become evident that the most significant challenges in wealth management rarely stem from market complexities or economic uncertainties. Instead, they emerge from the intricate relationship between human…

My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP), which I started two months ago. At present, I have ₹3 lakh…

Credit cards provide you a variety of exclusive offers designed specifically according to your lifestyle and needs. From discounts on hotels and flight bookings to great deals on restaurants and premium brands,…

The central government has launched the PAN 2.0 project, revising the country’s current permanent account number (PAN) system. The Income Tax Department (ITD) plans to streamline and digitise the existing PAN system…

Modern credit cards and debit cards are the core of financial life in a fast-paced world. Both are made for convenience and flexibility but are based on fundamentally different concepts. Understanding these…

Your credit score determines a lot, from low interest on loans to premium credit cards. But with any credit rating, there comes the cost of maintaining it. Keeping a good credit score…

Travel credit cards come in handy if you are a frequent traveller, as they are specifically designed to provide additional rewards and insurance while travelling. One of the major aspects of travelling…

India’s insurance industry, long seen as an underpenetrated yet promising market, is poised for a major transformation with the government’s proposal to permit 100% foreign direct investment (FDI) in insurance companies and…

If you are planning to get a credit card sometime soon, it is vital to first carry out the initial research and do an objective comparison between the cards offered by different…

If you fall short of money, then you can avail the option of raising a personal loan from a bank or non-banking financial company (NBFC). Some borrowers, meanwhile, are also offered pre-approved…

Some of us grew up with the fairy tale of The Wizard of Oz (had an uncle play ‘Somewhere over the rainbow’ for us kids), some lucky ones have watched the musical…

A number of investors raised personal loans against their shares and mutual funds partly because of the bull run (that has apparently ended with 10 percent correction having taken place). The latest…

Credit cards are a simple way to buy something today on a loan, plus it takes just one swipe. But why do banks make it so easy for you to access credit?…

Effective financial planning includes defining financial goals and drafting out an investment plan to meet these goals. This is essential for achieving financial stability and building a strong foundation that lets you…

Visitors to the ongoing International Trade Fair 2024 at Delhi’s Pragati Maidan can use several beneficial Income tax services at the Taxpayers’ Lounge, specifically designed to offer professional support for various tax-related…

Considering your moderate risk appetite as mentioned in your query, your preference towards protecting the downside is natural and we completely understand it. Considering you have 18 years to retirement, which is…

If you rely on a credit card to make most of your financial transactions or you are planning to switch to a credit card for the rewards and cashback it offers, it…

How can a private trust benefit a differently abled child? Who should be appointed as a trustee? And how can utilization of the trust’s assets be effectively controlled? Establishing a private trust…

While the benchmark indices have declined by over 10 percent in the past one month on account of massive FII outflow to the tune of ₹94,000 crore, investors are getting profoundly jittery over…

I will be moving back to India in FY25. Do I need to bring the money I earned abroad with me? If yes, will it be taxed? If no, what are the…

NPS Vatsalya is a National Pension System (NPS) contributory new pension scheme for minors. Its goal is to empower kids by establishing the retirement savings habit at a young age. By allowing…

I’m working with the Indian Army. Until last year, we received Form 16 under the old tax regime, which included all allowances such as house rent allowance, travel, uniform, etc. However, from…

My father passed away last year without executing a valid Will, leaving behind my mother, a son, i.e. me and my sister. He had bought a residential house in 2009 which has…

Credit card companies typically employ a number of marketing strategies or offers to woo new customers. These strategies or offers are aimed to highlight the benefits of their credit cards, target specific…

Just like other insurance coverage, credit cards also offer insurance to the card users. A credit card insurance covers a range of eventualities such as travel delay, trip cancellation, credit card shield…

Before investing in a mutual fund scheme, it is common among investors to examine the past returns. More often than not, these returns are merely indicative, however, they are seen to be setting…

New Delhi-based Rahul Kumar’s 67-year-old father was diagnosed with liver cancer that needed an advanced palliative treatment called Transarterial Radioembolization (TARE). Kumar’s brother had a corporate policy with a private insurer. However,…

My health insurance policy started on 29 June 2022. I went through a treatment for a disease in October 2016. The period between the last medication or treatment and the policy start…

Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative….

The deadline to file income tax returns (ITR) by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024.  The deadline was set for October 31, 2024, initially,…

ICICI Bank announced several updates to its credit card fees, set to begin on November 15, 2024. The changes cover finance charges, late payment fees, and additional transaction fees for education, utilities,…

What followed was nothing short of a nightmare. Within an hour, the octogenarian received calls from people posing as Central Bureau of Investigation (CBI) officers from Mumbai. They alleged that his Canara…

Investors in the SGB 2016-17 Series III scheme of Sovereign Gold Bond can redeem their assets in November at a 159% higher value along with accumulated interest. SGB 2016-17 Series III scheme…