The FinTech Hub
Source: Live Mint The traditional joint family system has been disintegrating into nuclear families. Now, the concept of nuclear family structure is also changing. Being child-free is a conscious choice, and there is an increase in the number of DINKs (double income, no kids) and SINKs (single income, no kids), with variations such as DINKWADs,…
Source: Live Mint Starting November 1, 2024, a series of significant changes will impact daily life for citizens across India. These updates span various sectors, particularly financial regulations, including a key new rule from the Reserve Bank of India (RBI) governing domestic money transfers. Staying informed about these developments is essential for effective financial planning…
Source: Live Mint Early planning was essential for saving money, especially during Europe’s busy travel season in June and July. Gandhi, whometiculously collected credit card points, adopted a strategic approach: spend more to gather points that would fetch free business class tickets and stay in luxury hotels. Collecting Avios Gandhi and his family are into…
Source: Live Mint The central recommendation is a 30-day window for deploying these funds in line with the asset allocation specified in the scheme. Sebi’s push for this timely deployment of NFO funds aims to protect investors from prolonged market exposure delays and ensure their money is actively invested as intended. The current regulatory framework,…
Source: Live Mint HDFC Bank is offering some of its popular credit cards without any annual fee or other charges during the festival season. The offer is valid till December 31 for Swiggy HDFC Bank Credit Card, Tata Neu Plus HDFC Bank Credit Card, Tata Neu Infinity HDFC Bank Credit Card and till October 31…
Source: Live Mint Credit cards can be a convenient option for paying insurance premiums, which are the amounts required to maintain an insurance policy. Timely payment of these premiums is crucial, as failing to do so can lead to policy lapses and loss of coverage. Here’s how to effectively use credit cards for insurance payments….
Source: Live Mint A family from Miryalaguda lost ₹6 lakh after mistakenly transferring tuition fees to the wrong U.S. bank account over two months ago. As per a report by TOI, Dongari Chakravarthi is studying Advanced Data Analytics at the University of North Texas. His family sent $7,100 ( ₹5,99,174) for his term fees. The…
Source: Live Mint The Public Provident Fund (PPF) is a highly popular savings scheme that offers a low-risk investment option. As you prepare for Diwali 2024 festivities, consider opening a Public Provident Fund (PPF) account to secure your financial future. However, before you proceed, it’s important to be aware of three significant changes that could…
Source: Live Mint PPF calculator: A Public Provident Fund (PPF) account is a risk-free investment and tax-saving tool backed by the central government. This small savings scheme offers attractive long-term returns. Currently, the PPF interest rate stands at 7.1%. The PPF account has a maturity period of 15 years, but it can be extended indefinitely…
Source: Live Mint However, leveraging shares comes with conditions and risks that need careful consideration. How loan against shares works A loan against shares (LAS) allows borrowers to pledge their equity holdings as collateral for an overdraft facility, offering flexibility by charging interest only on the utilized amount. For example, if shares worth ₹10 lakh…
