The FinTech Hub
Source: Live Mint Despite the perennial rent versus buy conundrum, owning a roof over one’s head is by far the principal dream of all individuals. Given the upward trajectory of housing prices in India, a bank auction of distressed properties provides a unique window to purchase a property at a discount of up to 30%…
Source: Live Mint Tata AIG General Insurance has withdrawn its ‘Medicare Protect Plan’ with effect from September 5. The move will not impact customers who have to renew their policies within 90 days from the date of the withdrawal of the product. Tata joins SBI and HDFC Ergo, which announced withdrawal of its health insurance…
Source: Live Mint Many investors are comfortable with equity and channel their surplus funds into real estate to gain the twin benefits of appreciation and rental income on such property. On the other hand, some people do not prefer to invest in a house for personal use and instead opt to pay rent for their…
Source: Live Mint “I couldn’t breathe from one side of the nose. The surgery would have cost me S$17,000 in Singapore (nearly ₹10 lakh). When I discussed the issue with a doctor in India based in Bhopal, he told me he would do it for ₹50,000,” he says.“Even though I had a private health plan…
Source: Live Mint Blue-chip stocks vs SME IPOs: Amid the growing excitement surrounding Small and Medium Enterprises (SME) Initial Public Offerings (IPOs), investors are increasingly drawn to the high-growth potential these offerings present. SME IPOs have recently captured significant attention due to their substantial listing day gains. When evaluating investment options for long-term growth, choosing…
Source: Live Mint I made long-term capital gains of Rs. 80 lakhs on selling shares allotted under ESOP in June 2024. Can I put ₹50 lakh in a capital gains bond to claim an exemption under Section 54EC in FY 2024-25 and buy a house for ₹30 lakh during the financial year 25-26 to claim…
Source: Live Mint “Get 12% assured returns on a monthly basis!” “Earn 120% annual returns with zero risk!” These are some of the classic hooks used by fraudsters to lure unsuspecting investors with promises of extraordinary returns. Sadly, these scams often target regions with low financial literacy, like the Northeastern parts of India. Recently, Guwahati…
Source: Live Mint Best FD rates: Fixed Deposits (FDs) are a popular investment option in India due to their safety and guaranteed returns. For investing in FDs, comparing the rates to maximise returns is essential. Here’s a detailed comparison of the top 5 banks offering the highest FD rates, per the latest data from banks’…
Source: Live Mint If you are planning to subscribe to a new credit card, it is recommended to first compare the features of different credit cards offered by a number of banks. These key features include the reward points, eligibility, renewal fee and other benefits such as free lounge access. There could be some features which are…
Source: Live Mint Without a valid Power of Attorney (PoA), parents risk severe financial penalties and legal trouble. A PoA can help them manage their child’s finances legally, offering protection and peace of mind while ensuring compliance with FEMA regulations. Avoid shortcuts, secure a PoA, and keep your family’s finances safe. Avoidable mistakes: Legal risks…
