The FinTech Hub
Source: Live Mint Borrowers can seek a personal loan from any of the main loan providers which include banks, non-banking financial companies, digital lending platforms, among others. Typically, one tends to seek a loan from a bank, but if the bank turns down the application, one can approach an NBFC or digital lending app. These are the five…
Source: Live Mint NEFT, RTGS update: The Reserve Bank of India (RBI) will introduce the beneficiary account name look-up facility for the Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System. The proposed facility will help rectify instances where the remitters transferred funds to the wrong beneficiary, thereby reducing the number…
Source: Live Mint The calendar year 2025 has begun and the financial year 2025 is set to end in three months. However, taxpayers can still invest in a slew of tax-saving schemes that enable them to claim tax exemptions for fiscal 2024-25. So, it is vital to note that the investment must be made in…
Source: Live Mint What would you say about an investment instrument that used to give 12 per cent interest a year and now offers only 7.1 per cent? Well, it doesn’t remain as a sought-after investment instrument as it did earlier. This is exactly what happened with public provident fund, or PPF as it is…
Source: Live Mint Mumbai, Jan 1 (PTI) The Reserve Bank on Wednesday said 98.12 per cent of the ₹2000 banknotes have been returned to the banking system, and only ₹6,691 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of ₹2000 denomination…
Source: Live Mint However, what about their value as investments? Are diamonds really forever? Mint asked experts to share investing lessons from diamonds’ two-decade-long price stagnation and whether modern-day assets like cryptocurrencies will meet the same fate. Radhika Gupta, MD and CEO at Edelweiss Asset Management Ltd The key thing is that some asset…
Source: Live Mint Employees’ Pension Scheme (EPS) subscribers can access pension from any bank branch in India from today, January 1, 2025. Although the change in rule was announced in a statement on September 4 last year, it took effect today. This is the outcome of the introduction of the Centralised Pension Payments System (CPPS),…
Source: Live Mint The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3, according to a report by Business Today. Eligible taxpayers will soon be able to submit a revised or belated income…
Source: Live Mint How can I check if I’m pre-approved for a consumer durable loan, and does it save time in the application process? -Name withheld on request Pre-approved consumer durable loans are a fast and hassle-free way to finance big-ticket purchases. These loans are typically offered by banks and non-bank lenders to existing customers…
Source: Live Mint What is the one important thing you can do now to take charge of your financial future? During a financial planning discussion, a client realized he had several major actions to take to streamline his finances. Although everything was clear, he was slightly overwhelmed and didn’t know where to start. To ease…
