The FinTech Hub
Source: Live Mint I have been working in the US for the last three years. I had a regular demat account and had shares listed in India when I was in India. I do still hold an Indian passport but have become a non-resident and thus have been filing my ITR(Income Tax Return) as a…
Source: Live Mint The deadline to update Aadhaar details online for free is fast approaching — December 14, 2024 after the Unique Identification Authority of India (UIDAI) extended the process period for two months from September 14, 2024. As such, the UIDAI is urging residents to upload Proof of Identity and Proof of Address documents,…
Source: Live Mint The Ayushman Bharat health insurance scheme has been extended to senior citizens aged 70 and above, offering free medical treatment up to ₹5 lakhs per family annually. Launched last week by Prime Minister Narendra Modi, the scheme is open to all seniors irrespective of their economic status. This initiative is expected to…
Source: Live Mint Fixed deposits (FDs) offer a reliable, consistent long-term return on investments. This financial tool allows you to deposit a lump sum amount of money for a fixed period of time, earning interest on the amount. Compared to a savings account, a fixed deposit provides higher interest rates, making it an attractive option…
Source: Live Mint If you have taken a personal loan and realise that the funds are inadequate to meet your requirements, then a top-up personal loan is an option worth exploring. For instance, assume that you took a ₹10 lakh personal loan for a wedding at home. That time, you did a back-of-the-envelope calculation, which,…
Source: Live Mint At a recent event in Mumbai, Union Finance Minister Nirmala Sitharaman flagged mis-selling of financial products, particularly related to insurance. Often, consumers buy an insurance product after being prodded by an agent, who could be a friend or a relative. After numerous calls, which culminate in a face-to-face meeting, you decide to…
Source: Live Mint 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 on Broadway, and yet there are others who have no clue why early cinegoers and critics are going gaga over…
Source: Live Mint 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 RBI data shows that outstanding loans against shares and bonds as of August 2024 stood at ₹9,722 crore, growing around…
Source: Live Mint Have you been planning to raise a personal loan lately? It is recommended to first compare the interest rates charged by different banks and non banking financial corporation (NBFC). Typically, personal loan interest rates are relatively higher because they are unsecured and banks, therefore, make up for the risk of loss of…
Source: Live Mint Highest FD rates: For a more accessible investment in Fixed Deposit schemes, Flipkart-backed super.money has enabled its users to invest in FD schemes via the Unified Payments Interface. The recently launched superFD product allows investors to earn up to 9.5% interest rates on FDs. About superFD on UPI Unlike other FD scheme…
