The FinTech Hub
Source: Live Mint PIB Fact Check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of a ‘SBI Rewards’ scam being used by fraudsters. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users “never to download unknown files or click on…
Source: Live Mint If you are an active investor and often earn gains on the sale of your securities, bonds or mutual funds, you should be mindful of the tax rate that applies on these transactions. The gains accruing on the sale of assets is taxed under what is known as capital gains tax regime….
Source: Live Mint A credit card is a financial instrument that helps you streamline your financial health by consolidating expenses and debt and clearing them before a fixed date without having to pay any interest on it. It can help you manage your expenses in an organised manner. You can seek rewards, cash backs, get…
Source: Live Mint For most credit card users, one of the most common use cases is to buy merchandise now and pay for it at a later date, say a month later. Shopping online or offline with the aid of a credit card without having to worry over the price tag is what defines the…
Source: Live Mint I own a house in Rajasthan, for which I took a loan. The loan has been paid up substantially. I have been living in Haryana for the last four years. I want to buy one more house here. Can I avail of home loan tax benefits on the purchase of a second…
Source: Live Mint As the Indian stock market undergoes rapid changes across all segments, mutual fund investors must strategically position themselves. Given the current macroeconomic environment, maintaining a spirit of diversification is crucial. Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited, emphasises the importance of a balanced allocation among large, mid, and…
Source: Live Mint Credit cards are used for a number of financial purposes ranging from paying your bills on time to staggering the bills across equated monthly instalments (EMIs) or for consolidating multiple bills into one. Aside from all this, you can also use a credit card for debt consolidation. What it essentially means is…
Source: Live Mint All pensioners must submit an annual life certificate to continue receiving their pension. The submission window opened today, November 1, for those under 80. There are approximately 69.76 lakh central government pensioners. Pensioners must submit the certificate directly to banks, post offices, or other designated locations. If the life certificate is not…
Source: Live Mint The Centre has clarified the General Provident Fund (GPF) disbursement to government employees upon retirement. This clarification, provided by the Department of Pension and Pensioners’ Welfare (DoPPW), addresses inquiries regarding interest payments on delayed GPF payments after retirement. The new instructions, dated October 25, 2024, highlight the importance of timely processing at…
Source: Live Mint I want to invest in government bonds. Are those tax-free? What plans are available for tax-free interest? I want to invest for 7 -10 years. The government of India has not issued any new tax-free bonds for quite some time, but you can buy some of the tax-free government bonds issued in…
