The FinTech Hub
Source: Live Mint Investing in foreign countries for global residencies has been gaining traction in recent years. Several countries have hiked the costs of their residencies, seeing this high demand. But there are still some low-cost alternatives available, with lower living costs and lower eligibility criteria. Thailand recently launched two residency programmes that are gradually…
Source: Live Mint Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. As the Union Budget for 2025-26 approaches, NRIs will be looking for clarity on certain rules as well as incentives and reforms that could strengthen their contribution…
Source: Live Mint Investors who want a reliable, consistent, long-term return on investments typically opt for a fixed deposit (FD). It allows you to deposit a lump sum of money for a fixed period and you can earn interest on the deposited amount. Several banks provide special fixed deposit schemes for certain types of investors….
Source: Live Mint The Employee Provident Fund Organisation (EPFO) has extended the deadline for activating the Universal Activation Number (UAN) and linking the bank account with Aadhaar to January 15, 2025. The original deadline for UAN activation was November 30, 2024, which was later extended to December 15, 2024. “Please see the circulars cited. In…
Source: Live Mint High-interest rate fixed deposits for super senior citizens: Super senior citizens (aged 80 and above) can earn significantly higher returns on their fixed deposits (FDs) than regular depositors. Several leading Indian banks, including SBI, RBL Bank, Union Bank of India, Indian Bank, and Punjab National Bank, offer attractive interest rates for those…
Source: Live Mint MUST check in ITR filing: Tax sleuths are out to tighten the noose on cash transactions. Ahead of the union budget, Mint takes a look at some transactions that may result in hefty penalties by the Income Tax (IT) department, as the government seeks to discourage the flow of liquid money. The…
Source: Live Mint Sonu Sood came into the social limelight during the pandemic. His selfless act of helping hundreds of migrant workers get back home during the lockdown by organising buses and food. He became somewhat of a local hero as he organised safe passage for people where the administration faltered. The trailer of his…
Source: Live Mint I plan to dispose of a flat I bought about 16 years ago. With the sale proceeds, I intend to construct an independent house. However, the process of acquiring a plot and commencing the construction is expected to begin only after a gap of 10-12 months from the date of the sale…
Source: Live Mint As Finance Minister Nirmala Sitharaman prepares for Budget 2025 announcements, several anticipated income tax reforms may impact salaried people. The upcoming budget may include reforms to aid taxpayers, especially given rising inflation and financial restrictions. In a telephone conversation with Mint, Mumbai-based tax and investment expert Balwant Jain listed five crucial tax…
Source: Live Mint India’s biggest private lender, HDFC Bank, has revised fixed deposit (FD) interest rates for both senior citizens and the general public. For deposits in the range of ₹3 crore to ₹5 crore, the bank will now offer interest up to 7.40% for the general public and 7.9% for senior citizens on the…
