The FinTech Hub
Source: Live Mint I am a Hindu non-resident Indian (NRI) based in the UK, living with my husband. We have no children, and the rest of our family and relatives reside in India. My husband and I are in the process of drafting our wills, which involve assets in both the UK and India. How…
Source: Live Mint Rent can be an additional source of income for salaried individuals who have invested in property. While real estate as an investment may have its challenges in terms of liquidity and high capital requirement, rental income can complement one’s salary. However, rental income is taxed at the individual’s slab rate. But there…
Source: Live Mint The Reserve Bank of India’s (RBI) decision to reduce the cash reserve ratio (CRR) in its bi-monthly monetary policy marks an important first step in its policy easing cycle. While narrowly seen as a liquidity measure, injecting close to ₹1.16 trillion in primary liquidity, the CRR cut carries broader implications. Unlike open…
Source: Live Mint Before getting a personal loan to fund your expenses, it is important to know how to repay it to avoid extra charges over the existing amount. While paying the loan on the due date is an essential practice, paying off your loan before the due date has added benefits. Ways to pay…
Source: Live Mint Indians invest in international mutual funds seeking exposure to leading global companies for many reasons – to diversify their portfolio, serve as a hedge against rupee depreciation, or as a strategic addition to their long-term financial planning. However, many popular international funds are closed for fresh inflows due to regulatory limits and…
Source: Live Mint Medical expenses are mostly unplanned, and it is difficult to estimate the total cost of treatment. You might never know when you need extra money to fund medical needs. In such a scenario, a medical credit card helps to address your needs and provides additional benefits for such expenses. These cards help…
Source: Live Mint The taxpayers’ deadline is approaching. December 31 is the last day to file belated income tax returns (ITR) with a ₹5,000 late fee. We look at how to file your delayed ITR online and what happens if you miss it. What is Belated ITR Filing? Those who could not file their ITR…
Source: Live Mint Motilal Oswal Mutual Fund has launched a new arbitrage fund with a unique zero-expense offer for the first year. The New Fund Offer (NFO) is open for subscription from 16-19 December. This offer is exclusively available for direct plans, catering to investors who prefer the direct investment route. What are arbitrage funds? …
Source: Live Mint When calculating the FIRE number, one rule of thumb is to simply multiply your annual expenses in the first year of retirement by the number of years of retirement. The number of your retirement years, in effect, becomes your expenditure cover multiple. If your annual expenses in the first year of retirement…
Source: Live Mint Fly often, rejoice! With the right credit card, you can enter the opulence and comfort of airport lounges and escape the bustle of congested airports. These cards make traveling easier and more enjoyable by offering free access to lounges both in the country and abroad. Here are some of the top choices…
