The FinTech Hub
Source: Live Mint My 66-year-old aunt, who is still working at a private school, received ₹18 lakh last year from the sale of our ancestral property. She doesn’t need this amount for three to five years. Could you suggest the best investment options for her to ensure the growth and safety of her funds? -Name…
Source: Live Mint Premium credit cards are offered by banks to high net worth individuals and also to their old loyal customers. These credit cards offer exclusive and luxurious benefits unlike any other regular credit card. Although the joining fee as well as the annual fee of these credit cards is skyrocketing, theyprovide you with…
Source: Live Mint Credit score is a three digit score which is given to you by credit bureaus which acts as a reflection of your credit profile and your creditworthiness to your creditors. Multiple loan inquiries to different creditors can negatively affect credit score. As a result, when you need the credit, you may not…
Source: Live Mint Financial freedom is extremely important in every individual’s life. Loans and credit cards are some of the popular options for people who are in need of quick cash to cover their finances for a while. However, both of these credit options have a mandatory application process which is first assessed by lenders…
Source: Live Mint The income tax department carefully monitors high-value cash transactions, so taxpayers should exercise caution when engaging in them. Section 269ST of the Income Tax Act prohibits receiving cash payments of ₹2 lakh or more in a single day for a single transaction or related transactions on a single occasion. If this limit…
Source: Live Mint We have been talking about the Reserve Bank of India (RBI) easing interest rates for quite some time. The question now is: what is the appropriate time for the RBI to initiate this? The latest meeting of the central bank’s Monetary Policy Committee (MPC) was on 6 December. Earlier, there were expectations…
Source: Live Mint Although it may seem like the easiest step towards being financially free, closing a credit card can have a major impact on your credit score. Even though it may seem as though you’re making things simple with your money, this decision could have unintended consequences. Before you close that credit account, let’s…
Source: Live Mint A personal loan may become a source of support at your time of need. On the other hand, ensure that you understand the terms and conditions surrounding the loan before committing yourself. Being informed helps you manage the process with confidence and make better decisions. Here are several things to note as…
Source: Live Mint Fuel surcharges may appear to be an additional burden when the price of petrol is increasing. Fortunately, fuel surcharge waiver credit cards offer a brilliant way to minimise this cost. Besides the convenience of cashless transactions, these cards help you avoid extra charges at petrol stations. For this reason, here is a…
Source: Live Mint Whenever you apply for a loan or a credit card, your credit score plays an important role in determining whether the bank will approve or reject your application. While most people know this fact, there are many interesting facts about the credit score that you may not know. So, let us understand…
