Economy / Livemint
Reasonable and customary charges refer to standard charges, which are common for a particular line of treatment in the geographical area for similar types of hospital.
Home loans are high-ticket-loan items and EMIs on such loans are likely to be a large chunk of most households monthly income.
35-year-old Kunwarbir Singh has invested wisely, but plans to consult a Sebi RIA for guidance.
While many personal loans offer flexibility in fund usage, opting for this route is generally not the most advisable choice. Prospective borrowers should prioritise exploring business loan options first.
A demat account holds and trades securities digitally, eliminating physical certificates. Derivatives are financial instruments derived from underlying assets like stocks, bonds, etc. They help investors hedge risks, speculate on price movements, and manage exposure to financial markets.
Finding the best personal loan interest rates requires some time and research. Prioritise comparing offers before making a decision, seek advice from others, and importantly, remain mindful of any associated loan charges.
Short selling is a strategy employed by experienced investors to profit from downward price movements by selling borrowed shares at a high price and repurchasing them at a lower price.
In today's stock market landscape, success as an investor goes beyond simply selecting the right stocks; it equally hinges on actively monitoring your stock portfolio. So, how do you go about monitoring your stock portfolio? Here are 9 ways.
A corporate action refers to a strategic decision made by a company that directly impacts the value of its shareholders' investments. Here are some common corporate actions and their potential impacts.
Axis Bank, meanwhile, released a statement clarifying that there has been no breach of any systems although some unauthorised transactions took place from certain merchants which have been blocked.
Paytm introduces new FASTag recharge feature on its app to provide convenience amidst regulatory scrutiny. Users can recharge existing FASTags and purchase new ones from HDFC Bank through the app.
All the members have the right to be maintained from income and assets of the HUF but do not have any right to ask for a partition of the HUF assets whereas a coparcener has a right to ask for a partition of the corpus of the HUF
To help safeguard your CIBIL score and minimise the impact of a financial crisis on your overall financial health, you need to communicate with your lender, prioritise your payments, and try to pay at least the minimum payment on your credit cards.
Checking your credit score enables you to quickly identify any errors or inaccuracies in your credit report. Besides, you can use this information to negotiate better terms with the lender.
Here we give the lowdown on the seven personal finance changes which will come into force from April 1, 2024 onwards. These include deadlines relating to income tax exemption, filing an updated return, special fixed deposit scheme and new debit card charges, among others
Buying health insurance online can be a convenient and streamlined method to obtain coverage for yourself and your family in India.
The son used his mothers trading account while working for a company as a technical analyst. Now, the mother-son duo is directed to disgorge a sum of 38.78 lakh within 45 days from the date of the order besides the 77 lakh penalty.
State Bank of India will implement its revised annual maintenance charges for debit cards from April 1 - Check full list
A single demat account is a type of dematerialised account that is opened and maintained by a single individual, while a joint demat account allows multiple holders with equal rights. Converting single to joint is not possible.
Opting for a personal loan to consolidate debt can be a strategic decision. It streamlines your financial situation, enabling you to concentrate on a cost-effective repayment strategy.
Consider rebalancing your investment portfolio to reduce risk as you reach retirement age.
Having a demat account grants you access to various benefits. Firstly, you can participate in Initial Public offerings (IPOs) and receive dividends, bonus shares, and other corporate actions directly into your account.
One must select a unique and complex password for their demat account. Avoid using easily guessable passwords such as password or common phrases.
Demat accounts have revolutionised the ease of investing and trading but they entail associated charges. These fees are a reasonable trade-off for the convenience of electronic trading. However, it's essential for investors to understand the associated charges to make informed financial decisions.
Understanding the potential impact of extreme market conditions is an important barometer for making informed decisions about asset allocation and instrument-level choices.
Decision to temporarily freeze these schemes comes in the wake of increased scrutiny by RBI.
Since the financial markets are closed for three days, mutual fund houses will not be able to process the transactions during these days.
Having a co-signer greatly enhances your chances of securing a personal loan. Acting as a safety net for the lender, a co-signer can significantly increase your approval likelihood and potentially secure a lower interest rate for you.
Financial planning is crucial for salaried women due to lack of financial literacy. Tax-saving strategies include overlooked avenues for substantial savings. Life endowment policies offer tax advantages applicable to both men and women, while ELSS mutual funds provide flexibility.
A high CIBIL score (indicating good financial history) can lead to lower insurance premiums, especially for car insurance. Insurers view you as a reliable policyholder less likely to miss payments.
Making timely payments is imperative. It is vital to pay your current debt and make sure that all your EMIs and credit card dues are paid on time going forward. Even one missed payment can significantly impact your score.
A loan settlement typically happens after youve missed some loan payments, and these missed payments will be reported on your CIBIL report, which can bring down your credit score.
Charitable contributions can serve as an effective method to decrease your tax liability in India while also supporting meaningful causes.
Many people encounter challenges when trying to withdraw their EPF funds. One common reason is the rejection of EPF claims due to discrepancies between the details in the EPFO records and the information provided by the EPF account holders, or incomplete KYC records.
The legal fees that you are required to pay to the law firm situated in Dubai would be taxable in India under the provisions of the Income Tax Act, 1961 since such fees would qualify as fees for technical services.
Credit bureaus such as CIBIL allow borrowers to check credit scores on their portals. They usually have a section for checking scores without a PAN card.
One of the popular misconceptions is that checking your CIBIL score, also known as a soft inquiry, hurts your score.
By adhering to a few straightforward steps, you can streamline the process of receiving funds from your approved personal loan.
NRIs can open demat accounts in India for stock market investments. They can participate in ETF investments, futures and options trading, but not intraday trading. NRIs can hold securities acquired as resident Indians even after becoming non-resident Indians.
Both the demat and trading accounts offer versatile functionalities, and linking the two ensures their combined utilisation.
Expatriates should ensure their estate plans comply with local laws regarding asset distribution and taxation to avoid legal complications and maximize the preservation of wealth for beneficiaries.
Taxpayers must make investments in tax saving instruments before March 31 to be able to save income tax for the financial year 2023-24
In a demat account, a freeze and unfreeze option is a feature that allows account holders to temporarily restrict or enable certain activities related to their securities holdings.
Jairam had quoted a study by Indian Council of Social Science Research to assert that nearly one-third of subscribers who dropped out of the pension scheme did so because their accounts were opened without any explicit permission.
David Elliot Shaw, a trailblazer in quantitative investing, utilizes sophisticated mathematical models and algorithms at DE Shaw & Co to inform trading decisions swiftly, focusing on efficiency, risk management, and diversification to attain solid returns.
Wee buy gold for two reasons. First, for protection. And second, some others, buy gold to make a return.
Pre-approved loans dont necessitate collateral or security. Individuals with a good credit history are eligible for a pre-approved personal loan, featuring rapid processing times.
Without the benefits offered earlier, these cards are not worth the hefty annual fees charged.
If your application for a personal loan is rejected, implement essential measures to comprehend the circumstances and enhance your prospects for future approval.
It is important to understand if you want a lifestyle investment or financial investment.