Lending rates: Banks typically link their rates to MCLR which plays a key factor in determining interest rates for floating rate loans such as home loan

The misconception that a nominee inherits everything catches many Muslim individuals and families off-guard, leaving them financially vulnerable.

Several large-cap mutual funds in India, including Nippon India and ICICI Prudential, have exceeded their benchmarks

Most travel insurance plans cover both hospitalisation and OPD medical expenses, though some have a separate, lower limit for OPD bills.

Last month, RBI raised the limit of each transaction on UPI 123 from 5,000 to 10,000. NPCI has, therefore, told banks and service providers to follow the new limits before Jan 1 next year

During the Trade Fair, the Taxpayers' Lounge provides various income tax services, such as help with PAN applications, e-filing, and foreign taxation queries

The CBDT has released a new circular on condoning delays in filing ITR, replacing previous guidelines, effectiveOctober 1, 2024.

Credit Cards: Several cards give access to airport lounges but often times, there are limits to the number of times you can access these lounges within a time frame.

Personal loan: It's common to raise a loan for a number of reasons which include, but not restricted to, organising a wedding, buying a luxury item, going on a vacation and getting a house renovated, and buying expensive furniture, et al.

Considering you have 18 years to retirement, you can consider a combination of BAFs and aggressive hybrid funds to generate better risk-adjusted return.

Personal loan: If you want to raise 10 lakh to go on a vacation to the US, your monthly instalment on the loan will depend on the rate of interest that the bank charges and the tenure of repayment

In case RBI's six-member core policy committee cuts the repo rate in its Dec meet, the lending rates would follow suit. So would be fixed deposit interest rates. Given all this, depositors are recommended to lock their FDs at the prevailing interest rates

Personal loan: It provide quick access to funds without collateral, making them versatile for various needs. However, they come with high interest rates and strict eligibility requirements. Understanding the pros and cons is essential for making informed financial decisions.

Personal loan: To make informed financial choices, borrowers must understand the total costs of personal loans, including interest rates and processing fees. Consulting a financial advisor and comparing multiple lender offers can help identify the best deal.

India's account aggregator system faces critical gaps three years after it was rolled out, particularly in data sharing among banks and fintech startups.

Deep fake: This is not the first time when fraudsters tried fleecing gullible investors with the aid of a public figure's video. Prior to this, social media has witnessed videos of Sachin Tendulkar, Mukesh Ambani and NR Narayana Murthy doling out investing advice to the public

KYC validation is crucial for mutual fund investments. An incomplete KYC can hinder new investments and complicate current management. Use your PAN and Aadhaar to validate your KYC for smooth investing.

Credit card users significantly prefer online shopping during festive sales, with over 48% relying solely on credit cards for online purchases. Discounts and offers on platforms like Amazon and Flipkart, along with cashback options, drive this shift in consumer behavior.

A year or two of poor initial returns wont affect a conservative retirement portfolio. But for an aggressive one, those initial losses will be damaging even if there is a strong recovery in equities.

Credit cards have expiry dates, beyond which they cannot be used. Issuers set these dates for security upgrades and to prevent wear and tear. Check the expiry on the card and statements, renew subscriptions, dispose of expired cards safely, and keep contact details updated with the issuer.

Establishing a private trust for a differently abled child allows parents to control asset management and distribution, ensuring funds are used for specific needs like medical care and education, while protecting resources from mismanagement.

When a credit card user doesn't clear his/her bill on time, it leads to a negative entry in the defaulter's credit report, thus jeopardising their creditworthiness.

Daksh Gupta, a 22-year-old Indian-American, is the founder and CEO of Greptile, an AI firm, which has already raised $5.3 million. He recently shot to prominence after his post on X, where he backed an 84-hour workweek.

Certain rules come into play involving taxes, the interest accrual period, and the duration for which the funds can remain unclaimed.

This approach is different from the usual process where the defaulting taxpayers would be summoned by the tax department for investigation

Personal Loans: The important factors in a personal loan approval include the individuals credit score, age, income, profession, KYC, city of residence, debt-to-income ratio, etc.

Secured and unsecured personal loans serve different needs. Unsecured loans rely on credit scores and have higher interest rates, while secured loans require collateral, providing lower rates and larger amounts. Evaluate your financial situation carefully before deciding on a loan type.

Public Provident Fund has been offering an interest of 7.1 percent per annum with effect from Jan 1, 2024. The minimum investment one can make is 500 while the maximum is 1.5 lakh in a financial year.

Personal loans provide quick funds with minimal documentation and no collateral requirements. However, they come with higher interest rates. The application process involves verifying income, credit score, and other criteria, and funds are usually disbursed quickly upon approval.

Credit scores: In India, credit scores between 300 and 900 indicate financial reliability, assessed by agencies like CIBIL and Equifax. A score above 750 is excellent, unlocking benefits like lower interest rates and better loan options. Understanding credit is crucial for financial success.

Personal loans provide quick cash for events or emergencies and have fixed or floating interest rates. Fixed rates remain constant, while floating rates vary with market conditions. Assessing your financial needs is essential to select the right loan type and avoid high-interest debt.

Personal loans: It offer flexible financing for diverse needs, from weddings to medical expenses. They are typically unsecured and attract higher interest rates. Various types include home renovation, travel, and debt consolidation loans, each tailored to different financial circumstances.

Market turbulence isnt just a challengeits a chance to grow. Resist impulsive decisions, refine your approach, and let time work in your favour.

Mutual Funds: Stress test is relevant because it indicates the time period it will take to liquidate 25 percent and 50 percent of the portfolio in case of a stress event. For a few fund houses, this time period is still as long as 55 days

Personal loans: Eligibility for personal loans includes a good credit score, stable income, and low debt. Understanding lender requirements and researching loan options can enhance your chances of approval. Personal loans offer quick financial relief, yet not everyone meets the necessary criteria.

Personal loans: They are flexible and fast approval options for various financial needs. They require careful consideration of terms, credit score, and repayment plans to align with long-term financial goals, ensuring responsible borrowing without collateral risks.

Best Mutual Funds: There are around 8 value funds which have delivered over 18 percent annualised return in the past 3 years. Value mutual funds follow value investment strategy and identify stocks that are currently undervalued but are expected to perform well over time as the value is unlocked.

Under Indias Foreign Exchange Management Act, you are allowed to keep your funds outside India even after you return.

Credit cards: A business credit card is essential for small businesses, offering rewards and helping to separate personal and business expenses. Rewards can include discounts and cashback, promoting usage.

Credit card users should be aware of RBI regulations that promote transparency, accurate billing, fair debt collection, and privacy protection. These rules ensure user rights are upheld, providing remedies for violations and promoting responsible banking practices.

Rethink, rebalance, reset: Turning a market downturn into a growth opportunity.

Credit cards: Individuals with poor credit scores can use low-interest credit cards to improve their credit. These cards often have lower rates and no annual fees initially. Consistent, timely payments are essential for rebuilding credit. Always verify current card features with the respective bank.

Bitcoin rose over 30% after Trump's victory in 2024. In India, crypto gains incur a 1% TDS and a 30% tax, with no loss offsets allowed. All crypto transfers, including gifts and rewards, are taxable

Young Indian professionals leverage higher foreign salaries to accumulate wealth in India. With strategies to save and invest, they demonstrate how working abroad can facilitate financial growth and future stability.

Personal loans are now easily accessible online, but applicants must avoid mistakes like applying without need, disregarding credit scores, and submitting multiple applications. Proper planning and comparison can lead to successful approvals and timely repayments.

Bank lockers are secure storage options for valuables like jewellery and documents. However, items such as cash, illegal substances, explosives, and perishable materials are prohibited to ensure safety and compliance with laws

NPS Vatsalya: Should you invest in this new pension scheme for minors to build wealth

Credit card users' rights are governed by a set of rules and laws which include RBI's guidelines, Consumer Protection Act and Integrated Ombudsman Scheme launched in 2021, among others

Saving is important for retirement and emergencies, with PPF, SSY, and fixed deposits as popular options

Effective AY25, the new tax regime has been made the default regime, and the old tax regime has been made optional.