The FinTech Hub
Source: Live Mint The credit card you choose can really make a difference in your financial life. It is just so hard to choose between a rewards credit card and a cashback credit card with all these alternatives. Let’s break it down by dissecting their salient characteristics and help you find the card that best…
Source: Live Mint Reserve Bank of India (RBI) Governor Shaktikanta Das, during the Monetary Policy Committee (MPC) meeting announcement on December 6, said the bank’s facility of providing credit lines through Unified Payments Interface (UPI) will now be expanded. Das said that while the facility started with commercial banks, it will now be expanded to…
Source: Live Mint While planning to get a personal loan, it is extremely important to be clear with your requirements and needs so that you only borrow the amount which you really require and avoid any unnecessary burden on your finances. EMI calculator is a useful tool which you can use to plan your personal…
Source: Live Mint If you are running low on funds, opting for a personal loan is typically feasible as well as rational. Borrowers tend to raise a personal loan for an array of purposes which include going on a vacation and buying an expensive item for your loved one. Besides these, one could raise personal loans for…
Source: Live Mint Axis Bank offers its credit cardholders one of the best options for transfer of reward points to various airline and hotel loyalty programs. However, from 20th December 2024, Axis Bank will charge its credit cardholders a Rs. 199 redemption fee for transferring credit card reward points to any transfer partner. Apart from…
Source: Live Mint Used in the right manner, interest-free periods for credit cards can be one of the best tools in managing your spending and therefore improving your financial standing. Understand how these periods work and use smart strategies to benefit from the advantage of credit cards without debt. Let’s find out how to use…
Source: Live Mint When you invest in a mutual fund scheme, the returns keep getting added to the corpus, thus letting it grow faster in the later years vis-a-vis initial years. The overall corpus, therefore, jumps at a rate faster than it did in the first few years. The faster pace of growth of a…
Source: Live Mint Markets regulator Sebi issued a circular on instant redemption in liquid funds in 2017, allowing investors to withdraw up to ₹50,000 or 90% of the money parked in a liquid fund per day, whichever is lower. Many fund houses such as PPFAS, Nippon, Shriram, Bajaj, ICICI, HDFC and SBI offer this facility. …
Source: Live Mint One of my friends recently offered me a top-up insurance plan. The plan covers ₹5 crore sum assured sans a deductible of ₹20 lakh. This would cost around ₹1,000 every year. My wife and I are 40 years old, and my children are 12 and 7. Is this a real option or…
Source: Live Mint Personal loans have become a popular choice amongst people who want quick cash to meet their financial obligations or just need some extra funds for a celebration or a luxury vacation. With flexible eligibility criteria and minimum documentation, personal loans are a great choice if you want quick access to funds. Many…
