The FinTech Hub
Source: Live Mint After a strong four-month period demat account additions for October 2024 saw a decline amid volatility in the Indian stock markets, according to ANI citing an ICICI Securities report. Demat accounts additions exceeded 4 million in the preceding four months and saw a decline below the number in October 2024, it noted….
Source: Live Mint A more economical option is a prepaid forex card, which allows you to carry foreign currency in the form of plastic in place of cash. A forex card is cheaper because the markup charged on currency conversion is lower compared to what banks apply to debit cards when they are swiped outside…
Source: Live Mint When you apply for a personal loan, the bank or NBFC considers various factors for loan approval. Some of these include your age, monthly income, credit score, profession, debt-to-income (DTI) ratio, etc. The DTI ratio is an important factor for deciding on loan eligibility, amount, etc. So, what is the DTI ratio,…
Source: Live Mint “I enquired with my company and they informed me that the account was transferred successfully. I ran helter skelter for one month trying to figure out whether my job change had impacted interest credit or if there was another reason. On not getting a response from EPFO support, I went to their…
Source: Live Mint A credit card can be an incredibly useful tool to build your personal brand by helping you develop a reputation of credibility, financial responsibility, and exclusivity so long as it aligns with your brand. By making credit card payments regularly, you can improve your credit score. Besides, you can make the most…
Source: Live Mint If you have started using credit card (s), you need to create a budget for your spending. By doing so, you can make sure that that your monthly expenditure remains under control. This is, in fact, a multi-step process. First and foremost, you need to assess how much is your monthly expenditure….
Source: Live Mint Understanding financial enmeshment Financial enmeshment occurs when family members are overly involved in each other’s financial matters—a situation with nonexistent boundaries. Historically, the joint family system in India fostered financial interdependence, where multiple generations lived together and shared resources. However, as modern families shift towards nuclear structures, these traditional expectations persist, creating…
Source: Live Mint With Donald Trump winning the US Presidential Elections 2024, investing in the US stocks has suddenly become sought after. The S&P 500 briefly surpassed the 6,000-mark and closed with its biggest weekly percentage gain in a year, reported Reuters. This has prompted several Indian investors to start exploring options to invest in…
Source: Live Mint Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return (ITR) for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it’s the last…
Source: Live Mint Are you looking to invest in a safe financial instrument for a long term investment? Besides fixed deposit (FD), bonds or debt mutual funds, one can invest in a post office small savings scheme. Among all these options, one of the popular small savings scheme is public provident fund (PPF). Investment in…
