The FinTech Hub
Source: Live Mint The National Payments Corporation of India (NPCI) has sounded the alarm about a growing threat to digital payment users: the “Digital Arrest” scam. This scheme involves cybercriminals impersonating government officials to intimidate individuals into transferring money or disclosing sensitive information. NPCI has provided detailed guidance on how to recognize and avoid falling…
Source: Live Mint If you are a travel freak, or are fond of eating out – it is recommended to explore credit cards that synchronise with your indulgences. There are some cards, for instance, which not only give reward points when you make payments at the partner restaurants, but also give discounts and complimentary benefits…
Source: Live Mint Capital market regulator Securities and Exchange Board of India (Sebi) has proposed a platform to give relief to those investors who have lost track of their mutual fund investment. By releasing a draft circular on Tuesday, Sebi has expressed the intent to launch a service platform, MITRA or Mutual Fund Investment Tracing…
Source: Live Mint In order to bring early resolution of disputes pertaining to income tax, the Ministry of Finance rolled out Vivad Se Vishwas Scheme in October 2024, while the rules and forms were notified a few days earlier on Sept 20. After enactment of the scheme, a number of queries were received from the…
Source: Live Mint The Parliamentary Standing Committee on Labour recently recommended that the government raise the minimum pension, which currently stands at ₹1,000, given by the Employee Provident Fund Organisation (EPFO) under its Employee Pension Scheme (EPS). In its report tabled in Parliament on December 16, the panel noted that over a decade has passed…
Source: Live Mint A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. However, a personal loan application may get rejected for several reasons. Rejection of a loan application does not mean you will never get a loan in the…
Source: Live Mint Take the case of Aarav, who was looking to shift to a different city. Luckily, a certain Mr. and Ms. Raghavan were looking for an apartment in his neighbourhood. It was a match made in heaven. There was one problem, however. Aarav still had a ₹80 lakh loan pending on the house,…
Source: Live Mint I moved to New Zealand a few years ago and am now a citizen of the country. Before my marriage, I purchased a property in Varanasi with my father as a co-owner. I made all the payments, and the property was registered in our names. Given that I now reside in New…
Source: Live Mint If you are a salaried employee and have already made investments in some tax-saving instruments, it is imperative that you declare the same to your employer so that your salary in the last two months of fiscal 2025 is not reduced substantially. For instance, if you have invested ₹1 lakh towards an…
Source: Live Mint However, not all these factors affect your credit score equally. Your repayment history, for instance, matters much more than the number of hard enquiries on your credit report. A hard inquiry, also known as a hard pull or hard credit check, is when a lender or financial institution reviews your credit report…
