The FinTech Hub
Source: Live Mint Since Donald Trump’s victory in the US presidential elections on November 5, 2024, Bitcoin, the world’s largest cryptocurrency, has risen more than 30%, reaching its highest point ever. Investors have significantly benefited from this boom. If you are invested heavily in Bitcoin and want to book profit from this biggest crypto asset,…
Source: Live Mint The young financial analyst bought these properties with his savings from salary and a loan that he has already repaid. Sonthalia’s net worth runs into several crores of rupees, including liquid savings of about ₹1 crore, in all of five years of his career. Here’s what made this possible. Sonthalia works in…
Source: Live Mint Bank lockers provide a safe and secure way to store valuable items. However, not all items are permitted inside them. State Bank of India ( SBI), Bank of Baroda ( BoB), HDFC Bank, ICICI Bank, and Canara Bank, among other lenders, offer different lockers categorised based on their sizes. This helps you…
Source: Live Mint NPS Vatsalya is a National Pension System (NPS) contributory new pension scheme for minors. Its goal is to empower kids by establishing the retirement savings habit at a young age. By allowing parents to deposit a minimum of ₹1,000 per month with no upper limit, the NPS Vatsalya scheme helps children develop…
Source: Live Mint Saving is a vital part of life, whether for retirement or building an emergency fund. There are many excellent ways to increase your savings and make wise investments. Public Provident Funds (PPF), Sukanya Samriddhi Yojana ( SSY), and fixed deposits (FD) are well-liked investment vehicles. People can open a PPF or FD…
Source: Live Mint Notwithstanding all the benefits offered by credit cards, the users could face certain issues with regards to hidden charges levied – something they were unaware of earlier. Sounds unfair, right? There are certain laws and guidelines which ensure that the users are told about all the costs involved upfront and there is no…
Source: Live Mint I’m working with the Indian Army. Until last year, we received Form 16 under the old tax regime, which included all allowances such as house rent allowance, travel, uniform, etc. However, from AY 2024-25, we are receiving Form 16 under the default new tax regime, which does not mention non-taxable allowances. My…
Source: Live Mint India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit (FD) interest rates, and it is thus recommended that you compare most options available before making an investment. At present, most banks offer a higher interest rate for term deposits with longer tenures, compared…
Source: Live Mint A recent Sebi report highlighted the significant losses individual traders incurred in the equity futures and options (F&O) segment between FY22 and FY24. A whopping 91.1% of these traders lost money in FY24, and the average loss per head was ₹1.20 lakh. During FY22-FY24, 11.3 million traders incurred a combined net loss…
Source: Live Mint Assume Mr A is an NRI based in the US and his father wants to send him ₹10 lakh from India. A resident Indian can only send money to an NRI’s NRO account. It cannot go in the NRE account because even though NRE is a rupee-denominated account, funds deposited in it…
/cdn.vox-cdn.com/uploads/chorus_asset/file/24733044/236705_Google_Pixel_Tablet_DSeifert_0008.jpg?w=400&resize=400,250&ssl=1 "Google reportedly cancels Pixel Tablet 2 and might quit the category — again"){kind=tracking}