The FinTech Hub
Source: Live Mint Banks that are part of unified payment interface ( UPI) functionality tend to lose access to URCS or Unified Real-time Clearing and Settlement if they enter the wrong password three times. In such instances, banks are compelled to reach out to the National Payments Corporation of India (NPCI) to reset the password…
Source: Live Mint Mutual Fund folios hit at all-time high of 22,50,03,545 in December 2024, revealed the latest data released on Thursday by the Association of Mutual Funds in India (AMFI). Retail mutual fund folios (which include equity, hybrid, and solution-oriented Schemes) were at an all-time high of 17,89,93,911 for the month of December 2024,…
Source: Live Mint If you are a movie buff, using a credit card to buy movie tickets can be a good idea. ICICI Bank offers HPCL Super Saver Credit Card, which gives a 25 per cent discount on the purchase of movie tickets. The total discounts, meanwhile, are capped at ₹100 on the purchase of…
Source: Live Mint Do you hold a credit card and plan to procure one more amid some confusion and doubts? If that is the case, then it is vital to remember that holding more than one card is not unwise as long as you use both rationally. One of the key advantages of having two…
Source: Live Mint If you are a travelaholic, it is advisable to apply for a travel-focusssed credit card. Almost all major banks offer travel credit cards, we share details of two credit cards offered by Axis Bank and ICICI Bank. ICICI Bank offers MakeMyTrip ICICI Bank Credit Card which has a set of features. MakeMyTrip…
Source: Live Mint There are numerous ways to improve your credit score. Some of the basic ways entail maintaining a healthy credit lifestyle by paying your credit card bills on time, keeping credit card utilisation below 30 percent and limiting your hard credit inquiries. It is noteworthy to mention that credit rating agencies, as per…
Source: Live Mint Are you planning to raise a personal loan and struggling to streamline your finances at the same time? Are you unsure as to how much tenure you should opt for to make a commitment for an EMI that you can afford to pay. Well, you are not alone in this dilemma. In…
Source: Live Mint If you find raising a personal loan from a bank a cumbersome process, then you can – among other things – raise it from a digital lending app. One of the key differences between a bank and a digital lending app is that unlike an app, a bank typically requires applicants to…
Source: Live Mint Ahead of Budget 2025, the Association of Mutual Funds in India (AMFI) has made a set of demands to favour the mutual fund industry. One key demand is to restore indexation benefits for debt mutual funds. Most of the other key expectations include addressing tax-related concerns. The mutual fund houses (represented through…
Source: Live Mint At the time of opening a fixed deposit, it is recommended to compare the interest rates offered by different banks. Although most banks offer somewhat similar rates, a marginal difference of 40-50 basis points can raise your wealth considerably. Another factor that helps accumulate wealth is the tenure for which the deposit…
