The FinTech Hub
Source: Live Mint An NRI (Non-Resident Indian) who earns income both abroad and in India often encounters difficulties in managing finances. They also face challenges in keeping track of bank accounts in a foreign country, and sending money to their home account can be tricky. NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts are the…
Source: Live Mint Securing your child’s education abroad requires more than just setting aside savings—it demands a strategic and well-structured financial plan. Making plans for your child’s education is crucial to any parent’s financial planning. Education inflation is higher than regular inflation, and with the expected depreciation of the INR, parents need to factor in…
Source: Live Mint Modern credit cards and debit cards are the core of financial life in a fast-paced world. Both are made for convenience and flexibility but are based on fundamentally different concepts. Understanding these key differences will help you make sound financial decisions that will benefit your lifestyle. What is a credit card? A…
Source: Live Mint In the recent past, most banks have either reduced the benefits of their credit card reward program or allowed some benefits on spending a specified amount. For example, for airport lounge access, some banks have either reduced the complimentary visits and/or made the access spend-based. The National Payments Corporation of India (NPCI)…
Source: Live Mint My daughter settled in the UK after her marriage in 2021 and is a British passport holder. She opened her PPF a/c in 2008 when she was in service in India till 2021. She also has a savings bank account with her mother. She does not have any source of income in…
Source: Live Mint The Ministry of Labour & Employment has instructed the retirement fund body Employees’ Provident Fund Organisation (EPFO) to ensure that employees’ Universal Account Number (UAN) is valid to benefit from the Employment Linked Incentive (ELI) Scheme. According to the Union Budget 2024–2025, all eligible employees must activate their UAN and link their…
Source: Live Mint WASHINGTON/STATEN ISLAND, New York: On Monday, U.S. President Joe Biden pardoned Peach and Blossom, two white-plumed turkeys, sparing them from Thanksgiving dinner tables. This annual tradition also marked the start of the Democrat’s last holiday season at the White House. This year’s turkeys are named after the Delaware state flower, the peach…
Source: Live Mint Life often presents us with unforeseen expenses includeasily available to people. These loans can be used for different purposes,ing medical bills, home repairs, or the chance to go on that long-desired vacation. In these circumstances, personal loans can be a practical choice. They provide a fast and adaptable solution for different financial…
Source: Live Mint A personal loan is a widely used financial tool that helps individuals meet their funding needs. It is preferred because it requires no collateral and can be utilized for multiple purposes. A pre-approved loan stands out as a special type of personal loan offered based on the borrower’s creditworthiness. What is a…
Source: Live Mint Travel credit cards come in handy if you are a frequent traveller, as they are specifically designed to provide additional rewards and insurance while travelling. One of the major aspects of travelling is luggage. There might be a case when your luggage gets displaced or stolen. This might be an unfortunate incident….
