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Source: Live Mint On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit information companies (CICs) like CIBIL and others. What is this announcement, from when is it applicable, and how will it help banks/NBFCs and borrowers? Let us understand….
Source: Live Mint The stock market gods have been kind in recent years—and sometimes very kind, delivering impressive returns for those who made the right investment choices and got a bit lucky. Unsurprisingly, many individuals have taken notice and moved into direct stock investing. One look at the number of demat accounts being opened shows…
Source: Live Mint In today’s world, credit cards are indispensable for managing finances and making purchases. However, billing issues can sometimes arise, leading to disputes that may leave consumers feeling frustrated. Understanding how to navigate the credit card dispute process is essential for safeguarding your financial interests. What are credit card disputes? A credit card…
Source: Live Mint If you are a small business owner, a company’s CEO, or a self-employed individual looking for a credit card that provides exclusive offers for your business, then a business credit card is the right option for you. Whether you’re purchasing software or getting furniture for your office, business credit cards are designed…
Source: Live Mint Life is full of uncertainties, often presenting unexpected financial challenges. Whether it’s a sudden medical expense or an urgent home repair, these situations can strain your finances and leave you seeking immediate solutions. In such times, a credit card may seem like an appealing lifeline, providing instant access to funds. While credit…
Source: Live Mint Concierge services, once a luxury reserved for the affluent, are increasingly accessible through credit cards. These unique offerings provide a variety of benefits, from travel assistance to personalised shopping experiences. In this article, we explore the different types of concierge services available through credit cards and how they can enhance your lifestyle….
Source: Live Mint Travelling the world is an exhilarating experience, but it’s essential to be prepared for the unexpected. Many credit cards come with built-in travel insurance features that provide financial protection against a variety of travel-related incidents. From trip cancellations and disruptions to lost luggage and medical emergencies, these benefits can offer both peace…
Source: Live Mint Secondary residency involves an economic contribution to the host country or a real estate purchase in exchange for residency rights. There are residency by investment programmes, also known as Golden Visas, all over the world, but the most popular ones in UHNWI circles are in Europe, West Asia, and North America. In…
Source: Live Mint These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1…
Source: Live Mint The dematerialization process First, open demat accounts for the transferor and the transferee. “We get two demat accounts—one for the transferor and one for the transferee. If units are in physical form, they must first be dematerialized,” explains Amit Sahita, director of Fincode Advisory Services Pvt. Ltd. View Full Image Graphic by…
