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Health insurance policy: What do customary charges refer to?

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.

28 Mar 2024 8:05 pm
Home loan: Differences between refinancing and restructuring

Home loans are high-ticket-loan items and EMIs on such loans are likely to be a large chunk of most households monthly income.

28 Mar 2024 8:00 pm
The millennial marketeers secret for financial success

35-year-old Kunwarbir Singh has invested wisely, but plans to consult a Sebi RIA for guidance.

28 Mar 2024 7:54 pm
Taking a personal loan for your business? Here are its pros and cons

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.

28 Mar 2024 7:30 pm
How does a demat account facilitate trading in derivatives? MintGenie explains

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.

28 Mar 2024 7:16 pm
Considering applying for a personal loan? This is how you can ensure best interest rate

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.

28 Mar 2024 6:15 pm
Demat account: What is short selling and how does it work? MintGenie explains

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.

28 Mar 2024 5:52 pm
Demat account: How to track your stock portfolio efficiently? Here are 9 best ways

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.

28 Mar 2024 5:23 pm
How do corporate actions like bonus issues, dividends and stock splits impact your demat account? MintGenie explains

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.

28 Mar 2024 4:43 pm
Axis Bank credit card customers allege fraudulent transactions on the social media. Details here

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.

28 Mar 2024 4:27 pm
How to recharge FASTag via Paytm app? A step-by-step guide

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.

28 Mar 2024 3:45 pm
Legal Dilemma: Rights of widowed daughter-in-law in coparcenary inheritance Explained

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

28 Mar 2024 2:47 pm
CIBIL: Financial crisis leaving you fearful? Follow these 7 strategies to protect your credit score

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.

28 Mar 2024 12:33 pm
CIBIL: Not checking your credit score regularly? You might want to for these 5 key benefits

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.

28 Mar 2024 11:56 am
Race against time to meet seven key deadlines which expire on March 31 starts today

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

28 Mar 2024 11:15 am
Why should you buy health insurance online? Here are 8 reasons

Buying health insurance online can be a convenient and streamlined method to obtain coverage for yourself and your family in India.

28 Mar 2024 9:06 am
Penalty of 77 lakh for front-running: This is why you should not use your mothers trading account

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.

27 Mar 2024 10:21 pm
SBI revises annual maintenance charges for debit cards from April 1 - Check full list

State Bank of India will implement its revised annual maintenance charges for debit cards from April 1 - Check full list

27 Mar 2024 9:36 pm
Can I convert my single demat account into a joint account?

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.

27 Mar 2024 8:11 pm
Considering converting credit card debt into personal loan? Here are its pros and cons

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.

27 Mar 2024 8:06 pm
How can I accumulate a 7.7 crore corpus before retirement?

Consider rebalancing your investment portfolio to reduce risk as you reach retirement age.

27 Mar 2024 7:55 pm
Demat accounts: From holding to pledging of shares, here are the features available

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.

27 Mar 2024 7:42 pm
Demat account: Forgot your password? A step-by-step guide to reset it

One must select a unique and complex password for their demat account. Avoid using easily guessable passwords such as password or common phrases.

27 Mar 2024 7:27 pm
Demat Accounts: All you need to know about the charges associated and how to reduce them

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.

27 Mar 2024 7:14 pm
Reviewing investment portfolios, assessing performance and rebalancing

Understanding the potential impact of extreme market conditions is an important barometer for making informed decisions about asset allocation and instrument-level choices.

27 Mar 2024 6:39 pm
Why liquid schemes of P2P lenders are set to hibernate

Decision to temporarily freeze these schemes comes in the wake of increased scrutiny by RBI.

27 Mar 2024 6:34 pm
Income Tax: Deadline to seek tax exemption via ELSS is tomorrow, not March 31. Here's why

Since the financial markets are closed for three days, mutual fund houses will not be able to process the transactions during these days.

27 Mar 2024 4:59 pm
Signing a personal loan with a co-signer? Consider these important factors before going ahead

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.

27 Mar 2024 2:45 pm
Confused about taxes? Here's how salaried women can reduce their tax burden

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.

27 Mar 2024 2:18 pm
CIBIL: How does credit score impact your insurance premiums?

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.

27 Mar 2024 2:14 pm
Can you improve your CIBIL score in a month? MintGenie answers

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.

27 Mar 2024 12:16 pm
CIBIL: Settled your loan? Here's how it will impact your credit 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.

27 Mar 2024 11:46 am
Income Tax: Donating money? Here's how much tax you can save under these sections

Charitable contributions can serve as an effective method to decrease your tax liability in India while also supporting meaningful causes.

27 Mar 2024 10:05 am
How to avoid rejection of EPF withdrawal claim; here are steps to take

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.

27 Mar 2024 8:57 am
Does paying law firm in Dubai attract TDS?

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.

26 Mar 2024 9:38 pm
CIBIL: How to check credit score without a PAN card? MintGenie explains

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.

26 Mar 2024 7:50 pm
CIBIL: 6 common misconceptions about credit scores you should be aware of

One of the popular misconceptions is that checking your CIBIL score, also known as a soft inquiry, hurts your score.

26 Mar 2024 7:28 pm
Personal Loans: How long does it take to receive funds? Here are 4 key deciding factors

By adhering to a few straightforward steps, you can streamline the process of receiving funds from your approved personal loan.

26 Mar 2024 7:02 pm
Can you open a demat account in India as an NRI? MintGenie answers

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.

26 Mar 2024 6:42 pm
How to link a demat account with a trading account? Here's a step-by-step guide

Both the demat and trading accounts offer versatile functionalities, and linking the two ensures their combined utilisation.

26 Mar 2024 6:20 pm
How to navigate cross-border asset distribution, taxation?

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.

26 Mar 2024 5:55 pm
These are the deadlines expiring before March 31. Details here

Taxpayers must make investments in tax saving instruments before March 31 to be able to save income tax for the financial year 2023-24

26 Mar 2024 5:37 pm
How to freeze and unfreeze your demat account? A step-by-step guide

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.

26 Mar 2024 4:47 pm
Atal Pension Yojana: War of words erupt between Sitharaman and Jairam Ramesh

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.

26 Mar 2024 3:55 pm
Learn from David E Shaw: 6 principles for successful investing

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.

26 Mar 2024 3:49 pm
Gold is shining brightly. Now, dont start chasing this precious metal

Wee buy gold for two reasons. First, for protection. And second, some others, buy gold to make a return.

26 Mar 2024 2:31 pm
What is a pre-approved personal loan and what are its benefits and drawbacks? Key questions answered

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.

26 Mar 2024 2:21 pm
Devaluations are normal. So, why is it hurting Axis credit card holders?

Without the benefits offered earlier, these cards are not worth the hefty annual fees charged.

26 Mar 2024 1:18 pm
Personal Loans: Application rejected? 4 essential things that you should do next to ensure approval

If your application for a personal loan is rejected, implement essential measures to comprehend the circumstances and enhance your prospects for future approval.

26 Mar 2024 12:47 pm
Unlock luxury getaways: Should you become a fractional owner of a holiday home?

It is important to understand if you want a lifestyle investment or financial investment.

26 Mar 2024 12:47 pm