The FinTech Hub
Source: Live Mint Employees Provident Fund Organisation (EPFO) has simplified the process of transferring the claims by revamping the form 13 functionality while incorporating the bifurcation of taxable and non-taxable components of PF accumulations. With the changes in force, the provident fund transfer claim does not need to be processed again by the destination office…
Source: Live Mint Personal loans: When you are looking for a personal loan, one of the key considerations is to determine the loan tenure. This has a direct bearing on your EMI. Longer the loan tenure, smaller the EMI and conversely — shorter the tenure, bigger the instalment. Therefore, at the time of choosing a…
Source: Live Mint It is not uncommon for some people to have zero credit history. This usually happens with the students and young professionals who do not have a history of using a credit card. Here, we delineate key differences between having low credit score and no credit score. A ‘no credit history’ typically happens…
Source: Live Mint Personal loans: Have you ever considered whether a borrower – with multiple outstanding loans – contemplate taking a fresh loan? Is this advisable for him/her to take a fresh loan and using its proceeds to retire all the existing loans? Typically, it is a common practice and it offers multiple advantages such…
Source: Live Mint If you are a regular credit card user and quite accustomed to using UPI (Unified Payments Interface) at the same time – it is recommended to link your credit card to the UPI. To be able to do that, the card should be a RuPay card. Most banks currently offer RuPay cards,…
Source: Live Mint SBI Credit Card has introduced a host of offers for ‘Akshaya Tritiya’, which will be celebrated on April 30. The offers, ranging from discounts and cashbacks of ₹2,000 to ₹5,000, are available at leading jewellery stores and brands, including Tanishq, Joy Alukkas, Malabar Gold and Diamonds, ORRA, TBZ, and Reliance Jewels. Here’s…
Source: Live Mint Taxpayers are now preparing to file their income tax returns for the recently concluded financial year. To do so, it is imperative to have documents such as capital gains statements from brokers, along with other crucial documents like interest certificates from banks, salary slips from employers, Form 16, and more. The significance…
Source: Live Mint As a tenant if you are paying a rent for more than ₹50,000 a month, you are supposed to deduct TDS (tax deducted at source) of 2 percent at the time of giving money to the landlord. Before Sept 20, 2024, the tax rate stood at 5 percent. So, if you too…
Source: Live Mint For him, using medical insurance for his mother’s treatment resulted in private investigators knocking at his door. In March, Kumawtt’s mother underwent an Ayurvedic treatment at a hospital in Bengaluru, Karnataka. Neither was it her first treatment at this hospital, nor her first claim, as two years ago her insurer had settled…
Source: Live Mint In India’s ever-evolving, dynamic financial landscape, clearly understanding how loan inquiries impact your credit score is of utmost importance. This is important because a low credit score makes it very difficult to secure future loans, credit cards, etc. This can complicate matters during difficult times such as medical emergencies, home renovation work,…
