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Source: Live Mint As Reserve Bank of India (RBI) has cut down repo rate by 50 basis points on Friday, triggering a rate cut cycle. Now, there is an expectation that banks would bring down the fixed deposit (FD) interest rates sooner than later. So, this could be your last chance to lock your savings…
Source: Live Mint Private lending major HDFC Bank has increased its Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight tenure by 5 bps from 9.15 per cent to 9.20 per cent. This is effective from February 7, 2025, according to the bank’s website. Rates for all other tenures are unchanged. Overall, HDFC Bank’s…
Source: Live Mint Warren Buffett famously said: “Be fearful when others are greedy, and greedy when others are fearful.” If you were bullish in September 2024, there is no reason to be bearish now just because of the correction. A correction was due any which way, as valuations were stretched. Whichever parameter you take for…
Source: Live Mint Three sisters inherited one piece of land in 2003, but it was partitioned among the sisters in 2010. For the indexed cost of the purchase in the calculation of long-term capital gain, should we take the market value as of 2003 (date of inheritance) or the market value as of 2010 (date…
Source: Live Mint Before investing in a mutual fund, investors tend to assess the past returns of that scheme and compare the same with those of other schemes in the same category. Aside from past returns, investors are also recommended to evaluate other factors such as the category which the scheme belongs to, reputation of…
Source: Live Mint Employees Provident Fund Organisation (EPFO) has announced to extend the last date for UAN activation and aadhaar seeding in bank account of all the employees till Feb 15, 2025. This deadline has been extended multiple times. The earlier deadline was set at Jan 15 before it was extended to Feb 15 as…
Source: Live Mint In Budget 2025, Finance Minister Nirmala Sitharaman revised the income slabs under the new tax regime, thus offering relief to the middle-class taxpayers. Now, there is no income tax payable for those earning up to ₹12 lakh. However, if you have seen the tax slabs, you must have noticed that there is…
Source: Live Mint You and I and everyone else is chronically online. Kittens and puppy videos are so basic, we share cringe content with our besties. So when Bollywood realises that the cop uniform on every actor is no longer working for anyone, they run Southwards. This time to Tamil cinema to borrow a love…
Source: Live Mint A FICO score is a credit risk measurement tool. It is developed by Fair Isaac Corporation. It is a tool which summarizes an individual’s repayment behavior and it is primarily based on their credit history. It is important to acknowledge that the FICO score is not used extensively in India like the…
Source: Live Mint Managing your spending through credit cards remains useful but you should regularly check transactions to dodge unnecessary fees. Among the terminology on your credit card account stands “unbilled amount.” Your unbilled expenses impact your total spending level even though you have not received a formal invoice for these items. They also affect…
