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Source: Live Mint India’s travel and tourism industry has been doing well in recent years. Regular family vacations have become a common financial goal for many individuals. These include leisure vacations, religious tourism, medical tourism, combining work travel with taking some time off with family, etc. Seeing the demand for travel and tourism, some banks…
Source: Live Mint If you stay invested in a mutual fund for a long period of time, the returns tend to grow multifold for what is known as ‘compounding’. The gains earned in the first few years are added to the corpus, thus making it grow considerably over a period of time. Here, we share…
Source: Live Mint An insurance distributor has suggested that I pay the premium to them instead of the insurance company. They are offering attractive premiums. What measures can I take to ensure I am not cheated? – Name changed on request Under the law, insurance premiums can only be paid to insurers. It’s illegal for…
Source: Live Mint A recent government notification, however, stumped him. The government said it would stop paying interest on NSS accounts from October 1. For the period from 1 March 2003 to 30 September 2024, the NSS interest rate was 7.5% per annum. The government’s decision left Shah and other investors in the small savings…
Source: Live Mint HDFC Bank on Thursday raised its marginal cost of lending based rates (MCLR) by 5 basis points across three tenors. These tenures are overnight, one month and 3 years. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which…
Source: Live Mint Have you started using a credit card recently? If yes, you should be mindful of the fact that a credit card is not only meant to offer a life on credit, but also a life full of luxury and comfort. Well, it sounds strange but true! Thanks to the regular use of…
Source: Live Mint It sometimes happens that you paid for an online purchase with your credit card, and the product never arrived, or the product arrived but is not as expected. In such a situation, have you faced a scenario wherein the merchant is not cooperating for a refund? You need not worry and can…
Source: Live Mint Parametric insurance, also known as index-based insurance, is a type of cover in which the insurance company and customer agree on a sum that will be paid out if a specific event occurs. The event must be measurable, and for the payout to be made, its intensity must meet or exceed a…
Source: Live Mint With Donald Trump all set to take over as the 47th US President, the markets in America reacted quite positively to the news. S&P 500 and Dow Futures hit a record high on Wednesday after the news of Trump’s victory became clear. In fact, Indian benchmark indices Sensex and Nifty 50 also…
Source: Live Mint If you are an EPF (Employees Provident Fund) subscriber and keen to check the account balance and/or the last contribution made, the process is super easy. You need to only give a missed call. The only condition is that the member’s mobile number must already be registered on the UAN portal. So,…
