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Source: Live Mint National Payments Corporation of India (NPCI) has issued fresh instructions with regards to UPI transactions relating to auto acceptance and rejection of chargebacks basis the Transaction Credit Confirmation (TCC) and returns. The digital payments body has rolled out auto acceptance and rejection of chargebacks basis the TCC/RET raised by the beneficiary bank…
Source: Live Mint Do you use a credit card regularly and happen to delay your bill payment at times? You should remember that the negative information with regards to your credit card and personal loan can stay on your credit report for longer than you can imagine. Not many may be aware that the information…
Source: Live Mint The new tax regime became a default regime in 2023 but Budget 2025 introduced a higher incentive for taxpayers by allowing zero tax for income upto ₹12 lakh, following which there is an expectation that around 90 percent of taxpayers will opt for it over old tax regime. However, one collateral damage of this…
Source: Live Mint The Reserve Bank of India (RBI) on April 11 released a set of guidelines regarding Framework for acceptance of Green Deposits. Following those guidelines, State Bank of India (SBI) released a new deposit scheme — SBI Green Rupee Term Deposit — in a bid to mobilise deposits to support the bank in financing green initiatives….
Source: Live Mint If you are taking a personal loan, all you are worried about is its repayment. It is vital to remember that a personal loan’s EMI hinges on two key factors: loan tenure and rate of interest. These two factors determine the loan EMI in the following ways: Rate of interest: The higher…
Source: Live Mint A credit score is a three-digit number that reflects your credit worthiness. A good credit score is supposed to be more than 700, and it can help you fetch a loan on convenient terms. On the other hand, when the credit score is lower than 600, it is considered poor and it means…
Source: Live Mint Using a credit card affects your credit score in a number of ways. The factors which determine your score include the payment history, credit utilisation ratio and the length of credit history, among others. Here explain each of them in detail: 1. The payment history: When you make payment on time, it boosts your…
Source: Live Mint Before investing in a mutual fund scheme, it is important to see — among other factors –the past returns delivered by a scheme vis-à-vis others schemes which fall in the same category. It is also recommended to view other factors such as the category which the scheme belongs to, overall economic scenario,…
Source: Live Mint A credit card not only allows you to use credit for making payments and buying merchandise, but it also gives a range of complimentary services alongside. Some of these services include discounts on shopping, dining and movies while other services fall in the broader theme of lifestyle. Aside from these services, banks…
Source: Live Mint Income Tax Bill News LIVE: The Union Cabinet has approved the new Income Tax Bill on Friday, February 7, potentially leading to its introduction in the Lok Sabha early next week. This bill is part of a larger effort to reform the tax system and aims to overhaul the existing tax structure…
