The FinTech Hub
Source: Live Mint Picture this: you’re browsing your favourite online store when you spot a great deal and make a quick purchase. Days later, a different product arrives. The platform assures you that the right product will be delivered soon, but weeks pass without an update. You reach out to the seller, but your emails…
Source: Live Mint The Indian market offers diverse avenues for portfolio diversification, including alternative investments such as portfolio management services (PMS) and alternate investment funds (AIFs). Equity investments, for instance, have delivered an impressive average annual return of 15% over the past five years, outperforming most major economies. Mutual funds also remain a popular choice,…
Source: Live Mint Aimed at the users in the high-income bracket, Yes Bank offers Marquee Credit Card with numerous features and benefits. Both salaried and self employed can apply for this card. The minimum net salary that one should earn is ₹3 lakh per month or a minimum income tax return of ₹24 lakhs. The…
Source: Live Mint If I come down with a high fever while abroad, can I claim this under my travel insurance plan? What if I am not hospitalised and the entire treatment happens at an OPD (outpatient department)? Can I include X-rays, doctor consultation and medicines in my claim? – Name withheld on request Most…
Source: Live Mint People often receive spam messages and calls from bank customer care services, but what should they do when they start receiving updates about an unknown bank account number on their phones? In such cases, the State Bank of India has advised people to contact the bank immediately and share the details of…
Source: Live Mint If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. Banks typically link their rates to marginal cost of funds-based lending rates (or MCLR) which plays a key factor in determining interest rates for…
Source: Live Mint When tragedy strikes, the complexities of inheritance laws add another layer of hardship. This unexpected reality, often rooted in religious laws, underscores the importance of estate planning. For instance, a young Muslim widow may be left with just a fraction of her husband’s estate under Muslim inheritance law (Muslim Personal Law (Shariat)…
Source: Live Mint Several top-performing mutual funds in India, focusing on large-cap blue-chip stocks, have surpassed their respective benchmarks. The Nippon India Large Cap Fund is one of the top performers, exceeding the BSE 100 Total Return Index with a return of 19.22% compared to 17.16%. With an outstanding return of 19.47%, the ICICI Prudential…
Source: Live Mint The Reserve Bank of India (RBI) had extended the transaction limit from ₹5,000 to ₹10,000 for UPI 123Pay on October 9. As a follow up, National Payments Corporation of India (NPCI) has issued a circular telling the members (including banks and service providers) to ensure that the new limits are adhered to….
Source: Live Mint Visitors to the ongoing International Trade Fair 2024 at Delhi’s Pragati Maidan can use several beneficial Income tax services at the Taxpayers’ Lounge, specifically designed to offer professional support for various tax-related concerns. To assist taxpayers in navigating their obligations and addressing their problems, the following services are offered: Aadhaar-PAN linking, PAN-related…
