The FinTech Hub
Source: Live Mint If you happen to face a financial emergency or have a sudden need for money then you can explore the prospect of raising a personal loan from a financial institution. The financial institution could be a bank or a non-banking financial institution (NBFC). A personal loan is an unsecured loan that the…
Source: Live Mint A number of banks have lately rolled out new deposit schemes to woo the current and new depositors. Some of these schemes are rolled after making minor tweaks in the regular deposit schemes. For instance, Bank of Baroda (BOB) has rolled out a recurring deposit plan which is similar to a recurring…
Source: Live Mint The Employees Provident Fund Organisation (EPFO) has issued a circular highlighting the allotment of funds for the year 2024-25 towards welfare activities of employees. The total budget for welfare activities, reads the circular, is ₹13.10 crore — out of which ₹74.37 lakh belong to the holiday homes alone. Excluding the budget for…
Source: Live Mint Credit cards are one of the easiest ways to buy your favourite products without paying for them in cash immediately. But what does it mean for banks that provide you credit? How do they benefit by lending money to you? Or do they have to wait till the due date to get…
Source: Live Mint Choosing the right mutual fund to invest in can be daunting, given the countless options available in the market today. While the fund’s past performance—some numbers on what kind of returns it has offered in the recent past—may seem to be an obvious starting point for your investigation, this may not be…
Source: Live Mint Credit cards are one of the most important tools for managing finances. If you are a beginner who has just started earning, you should get your first credit card soon. Credit card is a great tool for managing cash flows, and earning rewards on day-to-day expenses. Before I recommend some cards for…
Source: Live Mint Many investors do not take a disciplined approach to secure and grow their finances, due to certain biases. Such biases lead to mistakes like having inadequate or low life cover, avoiding or making low investments in equity-oriented investments, ignoring retirement planning and exposing to high-risk and unregulated investments. This article flags those…
Source: Live Mint The Public Provident Fund (PPF) is an excellent investment option with EEE (Exempt-Exempt-Exempt) status. This means it offers a tax deduction at the time of investment, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. Currently, the interest rate for PPF is 7.10%. Moreover, PPF is fully…
Source: Live Mint If you happen to fall short of funds or have an urgent financial need — you can ask a friend to rescue you in times of distress. Alternatively, you can borrow a personal loan from a bank. For the unversed, personal loan in an unsecured loan one can borrow from a bank to…
Source: Live Mint “Document preparation aside, the way companies and IEPF take all the time in the world with their archaic process and speed post communication is disturbing. My 83-year-old mother had to sign on hundreds of physical documents,” says Ghaziabad-based Awasthy, who is still waiting for the transfer of a few remaining dividends, with…
