The FinTech Hub
Source: Live Mint Imagine that you have planned a trip to Switzerland months ago, keeping in mind your finances, the weather of the destination, your work schedule, etc. You have booked everything for the trip, from flight tickets to hotel stays. Just before a week of the journey, you are diagnosed with dengue, and now…
Source: Live Mint India’s Department of Pension & Pensioners’ Welfare has launched Digital Life Certificate Campaign 3.0. The initiative, known as “Jeevan Pramaan,” aims to make it easier for over 78 lakh Employees’ Provident Fund Organisation (EPFO) pensioners to submit life certificates online, removing the need for physical visits to banks. With the new digital…
Source: Live Mint This disparity, evident both globally and in India, demands urgent attention. Recent data from the 2023 OECD/INFE International Survey reveals that women globally score less than men in financial well-being and resilience. The S&P Global FinLit Survey states that worldwide, 35% of men and 30% of women are financially literate. In India,…
Source: Live Mint Investors in the SGB 2016-17 Series III scheme of Sovereign Gold Bond can redeem their assets in November at a 159% higher value along with accumulated interest. SGB 2016-17 Series III scheme redemption date According to the Reserve Bank of India, investors in the SGB can redeem their bond units after eight…
Source: Live Mint My wife and I are both NRIs. She owns a residential property in India which she has rented out. She requested the tenant to credit one month’s rent into my NRO account instead of hers since I’m due to visit India shortly and can use those funds for local expenses. The resident…
Source: Live Mint NEW DELHI : One of the big stories of the Indian economy has been the sharp increase in personal income tax collections. The personal income tax collection (excluding securities transaction tax) stood at ₹4,52,286 crore in April-August 2024-25, up 25.5% from ₹3,60,381 crore in the year-ago period. Hopefully, it should lead to…
Source: Live Mint After a strong four-month period demat account additions for October 2024 saw a decline amid volatility in the Indian stock markets, according to ANI citing an ICICI Securities report. Demat accounts additions exceeded 4 million in the preceding four months and saw a decline below the number in October 2024, it noted….
Source: Live Mint A more economical option is a prepaid forex card, which allows you to carry foreign currency in the form of plastic in place of cash. A forex card is cheaper because the markup charged on currency conversion is lower compared to what banks apply to debit cards when they are swiped outside…
Source: Live Mint When you apply for a personal loan, the bank or NBFC considers various factors for loan approval. Some of these include your age, monthly income, credit score, profession, debt-to-income (DTI) ratio, etc. The DTI ratio is an important factor for deciding on loan eligibility, amount, etc. So, what is the DTI ratio,…
Source: Live Mint “I enquired with my company and they informed me that the account was transferred successfully. I ran helter skelter for one month trying to figure out whether my job change had impacted interest credit or if there was another reason. On not getting a response from EPFO support, I went to their…
