The FinTech Hub
Source: Live Mint National Payments Corporation of India (NPCI) has rolled out a new rule with regards to UPI Lite which will come into force from April 1, 2025. By releasing a new circular, the retail payments and settlement systems company has directed all banks to implement ‘Transfer Out’ functionality. NPCI’s circular also states that…
Source: Live Mint Fund managers of small-cap mutual funds have invested large amount in micro capital stocks over the past one year, while they explored and capitalised on their potential, reported Business Line. ACEMF data show a considerable jump in micro-cap stock allocations within small-cap fund portfolios, rising to 31 per cent in January 2025…
Source: Live Mint Investors chase returns – and that’s what makes them euphoric about equities and multibagger stocks in particular. Sample this – if you had bought shares of TCPL Packaging Ltd worth ₹10 lakh 16 years ago, your investment would now be worth nearly ₹20 crore. A multi-bagger stock can be a wealth-creating machine,…
Source: Live Mint As the Indian rupee continues to fall against the US dollar, students from India who plan to travel abroad for higher studies stare at a tough road ahead. Recently, the rupee breached 87 against the dollar, thus making it more challenging for foreign-bound Indian students to study abroad. Notably, US President Donald…
Source: Live Mint If you have recently applied for a personal loan, or planning to apply for one, remember that your actual EMI could be slightly larger than the principal and interest amount. Although this is not something you would have expected – you are disbursed slightly lower amount than the loan amount. Each bank…
Source: Live Mint Early this month, Reserve Bank of India (RBI) cut its repo rate to 6.25 percent. Following this, several banks have followed suit. A couple of banks have cut their interest rates on term deposits, albeit marginally. It is even recommended that the depositors who want to lock their savings in fixed deposits…
Source: Live Mint If you are looking for a personal loan and you have a couple of offers in hand from different banks, it is vital that you opt for the one which suits you the most. For instance, when it comes to the interest rate, you are recommended to opt for the bank which charges…
Source: Live Mint Credit card users are usually not recommended to keep their card bills outstanding. And when they have a pending bill, they have two options: to pay in full or to only pay the minimum outstanding. When you pay the minimum due, you are meant to pay only 5 percent of the total bill…
Source: Live Mint Using credit cards is a norm these days. And those users who are regular to shopping and movies have one more reason to use it now than they had earlier. Imagine receiving 10 percent extra discount each time you buy a movie ticket by using your credit card, or an extra reward…
Source: Live Mint If you are planning to invest in a mutual fund, then the better way to do is through an SIP (systematic investment plan) instead of lumpsum. An SIP can help you average out the cost of acquisition of mutual fund units, thus maximising your chances of earning higher returns. There are some…
