The FinTech Hub
Source: Live Mint The National Pension System (NPS) is a retirement savings scheme that is mandatory for government employees and optional for those in the private sector. It also offers tax benefits of up to ₹2 lakh under section 80CCD(1) and 80CCD (1B) of the Income Tax Act, 1961. One has to be a resident…
Source: Live Mint Six months ago, Abhishek Kumar received a complaint against his company on SCORES, the online grievance redressal facilitation platform provided by the Securities and Exchange Board of India (Sebi). Strangely, the complaint was against Abhishek Chouhan. Kumar, a registered investment advisor, wrote to Sebi through the SCORES platform that “this complaint is…
Source: Live Mint Even with personal money, convenience is the order of the day in today’s fast-paced world. Traditional personal loans are characterized by lengthy processes and reams of paperwork, which leads to frustration and delays. Introducing fast personal loans without documentation, a revolutionary way of quickly and efficiently accessing finance. What are instant personal…
Source: Live Mint Getting the money may not be that easy, particularly when you don’t have collateral to pledge to them. Conventional loans demand collateral, for example, in the form of equipment or real estate, for a guarantee that the loan would be repaid. Fortunately, there are unsecured business loans, and here we will teach…
Source: Live Mint As the New Year 2025 has commenced, it is the time to do some stock taking and analyse the performance of mutual funds across categories. Here, we list out the returns posted by equity mutual funds across market capitalisations i.e., large cap, mid cap and small caps. Although mutual fund schemes in the mid…
Source: Live Mint Punjab National Bank (PNB) has revised its interest rates starting Jan 1, 2025. The latest rates now offer interest up to 8.05 per cent per annum. The interest rates range between 6.85 percent to 7.3 for regular citizens. Senior citizens are offered an extra 50 basis points and super senior citizens are…
Source: Live Mint The jumped deposit scam is a new cyber scam targeting unified payments interface (UPI) users. Fraudsters first lure victims by making an unsolicited small deposit in their bank accounts. How does it work? A fraudster sends a small amount to the victim’s bank account through UPI. Then, they immediately request a withdrawal…
Source: Live Mint It is essential for every credit card user to understand various fees to ensure cost-effective use. Credit card swipe charges, also known as interchange fees, are one such fee, which is charged every time a transaction is made through a credit card. The card network determines this fee. It covers several costs,…
Source: Live Mint In today’s fast-paced world of finance, personal loans are the lifeline in dealing with unexpected costs or the achievement of long-time goals. One of the organizations in the financial services space, L&T Finance, has personal loans that are fit for all kinds of monetary needs. Let’s look at some of the major…
Source: Live Mint Getting a credit card, a loan, and even some houses will be affected based on your credit history; in other words, credit history is a huge component of your financial life. The CIBIL score reflects your creditworthiness with a number. Having a “written off” status may make all the difference between many…
