The FinTech Hub
Source: Live Mint Fixed deposits (FDs) offer a reliable, consistent long-term return on investments. This financial tool allows you to deposit a lump sum amount of money for a fixed period of time, earning interest on the amount. Compared to a savings account, a fixed deposit provides higher interest rates, making it an attractive option…
Source: Live Mint If you have taken a personal loan and realise that the funds are inadequate to meet your requirements, then a top-up personal loan is an option worth exploring. For instance, assume that you took a ₹10 lakh personal loan for a wedding at home. That time, you did a back-of-the-envelope calculation, which,…
Source: Live Mint At a recent event in Mumbai, Union Finance Minister Nirmala Sitharaman flagged mis-selling of financial products, particularly related to insurance. Often, consumers buy an insurance product after being prodded by an agent, who could be a friend or a relative. After numerous calls, which culminate in a face-to-face meeting, you decide to…
Source: Live Mint Some of us grew up with the fairy tale of The Wizard of Oz (had an uncle play ‘Somewhere over the rainbow’ for us kids), some lucky ones have watched the musical on Broadway, and yet there are others who have no clue why early cinegoers and critics are going gaga over…
Source: Live Mint A number of investors raised personal loans against their shares and mutual funds partly because of the bull run (that has apparently ended with 10 percent correction having taken place). The latest RBI data shows that outstanding loans against shares and bonds as of August 2024 stood at ₹9,722 crore, growing around…
Source: Live Mint Have you been planning to raise a personal loan lately? It is recommended to first compare the interest rates charged by different banks and non banking financial corporation (NBFC). Typically, personal loan interest rates are relatively higher because they are unsecured and banks, therefore, make up for the risk of loss of…
Source: Live Mint Highest FD rates: For a more accessible investment in Fixed Deposit schemes, Flipkart-backed super.money has enabled its users to invest in FD schemes via the Unified Payments Interface. The recently launched superFD product allows investors to earn up to 9.5% interest rates on FDs. About superFD on UPI Unlike other FD scheme…
Source: Live Mint If you want to apply for a credit card, you might want to know which are the credit cards worth applying for. The worth of a credit card is determined on the basis of various factors, which essentially should align with your requirements and preferences. For instance, the cards with reward points…
Source: Live Mint The Reserve Bank of India (RBI) has identified significant gaps in gold loan disbursement practices, prompting major changes in the sector. Lenders are now shifting from traditional bullet repayment options to monthly Equated Monthly Instalments (EMIs) and term loans to address regulatory concerns, as per a report by Times of India. On…
Source: Live Mint Credit cards are a simple way to buy something today on a loan, plus it takes just one swipe. But why do banks make it so easy for you to access credit? Your bank will set a limit on your credit card, hence, it’s not an unlimited loan and neither is it…
