The FinTech Hub
Source: Live Mint What is the TDS rate for purchasing property from an NRI after 23 July 2024? -Name withheld on request If you purchase immovable property from a non-resident Indian (NRI) after 23 July 2024, the applicable TDS rate depends on the duration the seller held the property: For property held more than 2…
Source: Live Mint Here is a look at how investors can buy and sell bonds on online bond platforms, the limitations they are likely to face, and other options for investors. Let’s look at OBPs first. OBPs: Buying and selling Sebi has stipulated that OBPs use exchanges’ request for quote (RFQ) facility for investors to…
Source: Live Mint Are you planning to apply for a credit card and are clueless as to how to go about it. Before you get a go-ahead from a bank for a credit card, remember that you may already have a pre-approval for the same. This is quite convenient in a way that you get to…
Source: Live Mint Credit cards, depending on how you use them, can be a boon or bane. If you use them judiciously and pay the entire monthly bill before or on time, they can give you many benefits. Some of these include a free credit period of up to 50 days, instant discounts, reward points,…
Source: Live Mint If you have started using a credit card recently, you may have faced a situation wherein a merchant tried to authorise your card to verify whether it has sufficient funds or not. This process is referred to as credit card authorisation. It is a temporary hold placed on a certain amount of…
Source: Live Mint Passive investing has rapidly gained traction in India, with assets under management (AUM) of ₹11 trillion, or 16.5% of the ₹68 trillion mutual fund market. This space is dominated by exchange traded funds (ETFs) and index funds designed to mirror the returns of underlying indices. However, a growing number of investors are…
Source: Live Mint MUMBAI : With real estate prices going through the roof post the pandemic-induced slump, the aspiration for homeownership has become notably challenging for many Indian millennials. Mint has designed this guide to clarify the path to owning a home for millennials, address the obstacles mid-career professionals face, explore available government assistance, and…
Source: Live Mint If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks. Although most depositors prefer to open a term deposit account with a bank with which they share a long-term banking relationship, one can consider opting for a…
Source: Live Mint I am a divorcee with two children. If anything unfortunate happens to me, can my ex-husband claim a share in my estate? Will my children inherit property from my ex-husband should he pass away? We assume that you and your ex-husband are Hindu. In case of the unfortunate circumstance that you pass away…
Source: Live Mint Nearly one-and-a-half years after the Reserve Bank of India (RBI) announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have…
