The FinTech Hub
Source: Live Mint I am an Indian citizen and a lawyer by profession. I used to work as an in-house counsel in a promoter-run Indian company. I shifted my residence to the US with my family in 2023. The promoter has recently offered me the opportunity to provide legal services from the US. There is…
Source: Live Mint Making timely credit card payments is a way to ensure financial security and provides benefits beyond the mere avoidance of late fees. In addition to improving your credit score, on-time payments may lead to better financial opportunities. The following are some of the many advantages of making your credit card payments on…
Source: Live Mint As the year comes to an end, it’s a good time to take a moment and review your finances. The end of the year isn’t just for celebrations—it’s also a chance to organize your money, save on taxes, and get ready for a financially healthy 2025. Whether you’re someone who plans everything…
Source: Live Mint In recent years, the decline in debt mutual fund investors has been alarming. Since 2020, folios in fixed income funds have dropped to 7.1 million from 8.1 million even as equity-oriented fund folios have skyrocketed to over 1.5 billion from 638 million. While the percentage of total MF assets to bank fixed…
Source: Live Mint If not controlled, credit card debt can easily get out of hand. High interest rates, late payments, and unstated costs can negatively impact your financial well-being. Here are some doable tactics for preventing credit card debt and preserving your financial stability to help you stay on course. Understanding credit cards Using a…
Source: Live Mint Being in a financial crisis is pretty normal for any of us at any time. And if that happens – which the god may forbid – what can you do to come out of the crisis? Either you take a bank overdraft, borrow from a friend or else – raise a personal loan….
Source: Live Mint If you are all set to borrow a personal loan, then the first and foremost thing that you need to do is to zero in on a bank to borrow the money from. Amid a flurry of borrowing options to go around, one can opt for an NBFC (non banking financial corporation)…
Source: Live Mint Do you have a grown-up daughter or a son who is studying in a different city and managing her own expenses? If she is not an earning member of your family, then the chances are that she is not eligible to apply for a credit card. And of course, you would not…
Source: Live Mint When an NRI becomes a resident, can the foreign currency non-resident account FD be freely repatriated without coming under the ambit of the liberalised remittance scheme (LRS)? – Name withheld on request. When an NRI becomes a resident under FEMA, the FCNR (B) deposit held in India would be recharacterized as a…
Source: Live Mint Have you just stopped using a credit card? If yes, should you close the card altogether? Well, this is not as simple as it sounds. Closing a credit card that you are not currently using is a decision that calls for consideration of several benefits and drawbacks. But before you take a…
