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Source: Live Mint Maintaining a credit score above 700 (measured by CRIF High Mark, Experian or Equifax) calls for credit discipline. This means one should clear one’s credit card bills and loan repayments on time. Additionally, one should keep the credit utilisation ratio (CUR) under the optimum level of 30 percent. Aside from this, one…
Source: Live Mint In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small taxpayers were – until then – accustomed to claiming exemptions and deductions against the investments they made during the financial…
Source: Live Mint If you use an SBI credit card and have recently updated your phone number or address, then it is important that you update the same on your SBI Card account as well. The process to make these changes online is quite simple and straightforward. However, it is important that you carry your…
Source: Live Mint When you face some financial problem or hardship, you can explore the prospect of raising a personal loan. Typically, a personal loan is taken out for a number of reasons such as a medical emergency, buying a luxury item, renovating the house and even for travel. However, one should make sure that the…
Source: Live Mint If you are planning to raise a personal loan remember that one of the key criteria that determines your application is your credit score. You can check your credit score for free here on Livemint. Let us suppose you want to raise a loan and your application was denied because of a…
Source: Live Mint Unified Payments Interface, or UPI, is one of the most convenient ways to carry out a transaction. Merely by scanning a QR code or by entering a few keys into your smartphone, you can transfer the money online. Alternatively, you can use a credit card that needs to be swiped or touched at a PoS (point…
Source: Live Mint When you take out a personal loan, one of the most important considerations is to check the monthly instalment to pay off your debt. In case you are wondering how you can lower your equated monthly instalment (EMI), you can use the personal loan EMI calculator to tweak your monthly instalment. You…
Source: Live Mint Thanks to Budget 2025, new tax regime has become even more lucrative now. With no income tax for those who earn up to ₹12 lakh a year, taxpayers have one more reason to abandon choose new regime over old tax regime. This means more and more taxpayers will now choose the new…
Source: Live Mint How would you know whether a small cap mutual fund is safe to invest in terms of future volatility? Among several metrics, you may also consider the results of ‘stress test’ which each mutual fund is supposed to reveal every month. A small cap mutual fund invests a minimum of 65 percent…
Source: Live Mint Capital markets regulator Securities Exchange Board of India (Sebi) has alluded that the daily transaction limit for capital market transactions is set to be raised to ₹5 lakh. The daily transaction limit currently stands at ₹2 lakh. Notably, this is not a final announcement but a part of the Sebi’s consultation paper…
