The FinTech Hub
Source: Live Mint If you are a regular credit card user, you would be receiving the credit card bill on a regular basis i.e., every month. And you would typically have an option of either paying the minimum due on it or clear the bill in full. Regardless of your temptation to pay the minimum due, one…
Source: Live Mint Several new rules for FASTag will be implemented starting Monday, February 17, 2025, aimed at streamlining toll transactions. These changes, as outlined in circulars from the National Payments Corporation of India (NPCI), are designed to enhance the efficiency of toll payments and improve security. Here’s everything you need to know to avoid…
Source: Live Mint If you are in urgent need of funds, and do not possess any asset to raise the money against – there is little you can do besides taking out a personal loan. It is a handy tool which offers immediate funds for an array of purposes such as an emergency, higher education, travel,…
Source: Live Mint After checking your credit score recently at a credit bureau’s portal, did you receive a barrage of phone calls from bank agents offering you a loan at concessional rates? If this happens to you, do not get surprised. This is quite an ordinary thing to happen. There could be several reasons for this….
Source: Live Mint Have you seen any credit card advert wherein the bank has asserted that the interest-free period is 45-day long? But how is the period 45-days long when the card statement is released every month? For this, let us understand two concepts of credit card billing cycle and the last date of bill payment. Billing…
Source: Live Mint The Reserve Bank of India (RBI) cut its repo rate from 6.50% to 6.25%, a 25 basis point decrease. This presents a problem for investors in Fixed Deposits (FDs) because a decrease in the repo rate usually indicates a future decrease in bank interest rates. This is the last chance for FD…
Source: Live Mint In 2023, new tax regime became a default regime which means the taxpayers must opt out of the new tax regime to be able to claim tax exemptions given under sections 80C, 80D and 80G, among others. The provision under section 80C enables taxpayers to claim deduction for investing in various financial…
Source: Live Mint India’s income tax law has recently undergone a major reform with a new Bill having been introduced in the Lok Sabha on Thursday and proposed to be reviewed by the select committee. The new Income Tax Bill aims to make the tax legislation simpler, concise and easy to read, so that there…
Source: Live Mint Before you start investing in a mutual fund scheme, it is quite normal to look at its past returns. This gives a fair idea of how the mutual fund scheme has performed and what growth trajectory it may take in the time to come. Although historical returns do not guarantee a scheme’s…
Source: Live Mint The markets regulator has now proposed guidelines to ensure that such unclaimed assets are not misused and returned to investors at the earliest. In a consultation paper, Sebi has outlined a process involving brokers and stock exchanges. Here is how this will work. Defining ‘unclaimed’ If unutilized funds or securities cannot be…
