The FinTech Hub
Source: Live Mint Are you planning to raise a personal loan while your credit score is lower than 700? And what if it is even lower than 650? There are some banks which give loans to applicants who have a slightly poor score however, the loan amount can be lower, or the interest rate could be higher….
Source: Live Mint ICICI Bank offers credit cards which are an option that you can consider if you want to save on your expenses without compromising on your lifestyle. Your credit card PIN is extremely important without which you can not do offline transactions through your credit card. Setting up your ICICI Bank credit card…
Source: Live Mint I have never filed my ITR, as my tax liability has been nil. Now, I am planning to apply for a home loan, so I would need to present ITR to the bank. I want to file my ITR online alone as I cannot afford to pay to CA. I have registered…
Source: Live Mint Credit cards are no longer just a luxury but have become a necessity in our daily lives. With credit cards you do not have to worry about spending cash immediately out of your wallet as the card issuer makes payments on your behalf which you are bound to repay in the next…
Source: Live Mint While the stock market is extremely volatile, some conservative investors are contemplating investing in mutual funds, thereby outsourcing their investing decisions to the experts. If you are also one of them, it is important to remember that one of the safest mutual fund categories, among equity, is large-cap funds. Although the average…
Source: Live Mint The latest Reserve Bank of India (RBI) data showed a noticeable decline in the share of prepaid payment instruments (PPIs), while there was a massive surge in the share of Unified Payments Interface (UPI) transactions in the entire digital payment ecosystem. In value terms, the share of PPIs declined from ₹1.43 lakh…
Source: Live Mint “This appears to be a soft nudge from the tax department, likely targeting taxpayers who may have claimed deductions for fake donations or made errors in their filings,” said Nitesh Buddhadev, a chartered accountant and founder of Nimit Consultancy. “The message provides an opportunity to rectify any mistakes before stricter action is…
Source: Live Mint Agricultural income is exempt from taxation, but what if you don’t own a farmland in a rural area? If you manage a home garden in a city and sell some of your produce, can this income still qualify as agricultural income? Here’s what tax experts say. Cultivation on land not mandatory The…
Source: Live Mint Q. I’m planning to upgrade my smartphone and laptop. Can I club these under one consumer durable loan? -Name withheld on request If you’re looking to upgrade your gadgets, here’s some good news: you can club the purchase of a smartphone and a laptop under a single consumer durable loan, provided the…
Source: Live Mint Yet, before exploring how AIFs mitigate these risks, it’s important to understand the root causes of market volatility and the specific challenges it presents to investors. Volatility challenges Volatility in financial markets stems from various factors, such as economic uncertainty, geopolitical events, and shifts in monetary policy. For investors, this creates several…
