The FinTech Hub
Source: Live Mint An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is determined based on the time spent in India during a financial year. This guide explains NRI status, taxation rules, and the concept of Resident…
Source: Live Mint If you have faced a credit card fraud, the immediate reaction is to call up the banker to get the card blocked. Does it mean that your card has been closed? Well, it does not. Closure of card is quite different from the blocking of card. Let us understand with an example….
Source: Live Mint Credit score might be one of the most critical figures in any adult’s life. It reflects your borrowing and repayment habits, as documented in your credit history. Among the factors influencing your credit score are hard inquiries, often misunderstood but can significantly affect your financial standing. Let’s delve into what hard inquiries…
Source: Live Mint I purchased a term plan in February 2021. I had mentioned my eye treatment and provided an MRI brain report, which was normal. I forgot to mention that I underwent a routine endoscopy in 2019, which was normal, too. My medical examination before the proposal was accepted was fine. I’ve been paying…
Source: Live Mint Weddings are a big affair in India. It includes extravagant celebrations, multiple events, grand locations etc. While weddings across India may differ in terms of rituals, traditions, and culture, one thing remains the same for most weddings across the country: huge expenses. People mostly spend their entire life savings on their big…
Source: Live Mint Credit cards are a vital part of modern personal finance, providing convenience, rewards, and financial flexibility. However, when there are so many options, choosing the best card for your needs can be overwhelming. Here we describe the seven different types of credit cards, their distinguishing features, and what to consider when selecting…
Source: Live Mint Pensioners are required to submit their life certificates annually to various disbursing agencies to continue receiving their pensions. Tracking the status of the life certificate after submission can help take prompt action in case of rejection. Let’s understand the step-by-step process for checking the status of the life certificate. What is a…
Source: Live Mint With the stock market undergoing a correction mode with 10 percent fall behind it, investors are not radiating too much enthusiasm about the valuation of stocks and mutual funds. Notwithstanding all this, a number of mutual fund houses have rolled out a large number of new fund offers (NFOs) for the next few days…
Source: Live Mint A credit score has a dramatic impact on your ability to borrow, secure the best loan terms possible, and even get a job or rent an apartment. often than not, however, many myths surround credit ratings and make matters worse and confuse people who have made wrong financial decisions. Let us debunk…
Source: Live Mint If you are someone who is interested in borrowing a loan or if you want to apply for a credit card, then knowing your credit score is extremely important. Credit score plays a vital role in determining your eligibility for borrowings. Lenders also pay close attention to your credit score for granting…
