The FinTech Hub
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Live Mint Growing up in a middle-class family in Bengaluru, Swaminathan was always acutely aware of the importance of financial independence. His father, a banker, instilled in him the value of saving and prudent financial management from an early age. “I was determined to build a secure financial future for myself,” he says, reflecting…
Source: Live Mint Business credit card is a card which caters to the self-employed professionals and corporates, and used for the purpose of incurring business expenditure whereas a personal credit card, as the name suggests, is used for making personal expenditure only. This credit card is given to small and medium enterprises (SMEs), corporates and…
Source: Live Mint Personal loans have become an essential financial tool for many, offering quick access to funds for various needs—be it medical emergencies, weddings, or travel. However, one of the most crucial factors to consider when taking out a personal loan is the interest rate. A lower interest rate can save you significant money…
Source: Live Mint An application was made to the housing board for allotment of a plot of land in 2014, and application money of ₹1 lakh was paid. By 2015, the allotment was confirmed through a lottery, and an allotment letter containing the payment schedule of the balance purchase consideration was issued. I made the…
Source: Live Mint As the holiday season approaches, festive shopping can quickly become overwhelming. With enticing sales and endless gift options, it’s easy to overspend or fall victim to online scams. Planning and staying informed are crucial to ensure a smooth and budget-friendly experience. Here are some essential tips to help you navigate your holiday…
Source: Live Mint Personal loans are adaptable financial tools that can be used for various purposes, including debt consolidation, large purchases, and unexpected needs. Typically, they are unsecured loans, meaning they do not require collateral such as a home or car. Let’s explore some common reasons why people take out personal loans. Also Read |…
Source: Live Mint Credit card users in India can enhance their rewards during the festive season by taking advantage of special promotions banks offer in collaboration with leading e-commerce sites. Diwali sales and Big Billion Day promotions are great opportunities for savings and cashback offers. “Many of these limited-time offers provide discounts ranging from 10%…
Source: Live Mint Governor Shaktikanta Das announced today that the Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time. The per-transaction limit for UPI 1 2 3 Pay has been increased to ₹10,000 from ₹5,000. Additionally, the UPI Lite wallet limit has been raised from ₹2,000 to…
Source: Live Mint A personal loan is an unsecured loan given to meet immediate financial needs of people. Lately, it is quite common for banks to offer instant loans in this category. These instant loans are given to meet urgent financial assistance. There could be a number of reasons for which an instant personal loan is…
