The FinTech Hub
Source: Live Mint When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of buying a new ornament, is seen as the sale of an old asset….
Source: Live Mint In our rapidly evolving financial landscape, virtual credit cards have emerged as a convenient and secure payment option. They aim to simplify credit transactions while reducing the risks of theft and loss compared to traditional physical credit cards. What is a virtual credit card? A virtual credit card is the digital form…
Source: Live Mint Have you received an expensive gift from someone this Diwali? It could be an expensive watch, a rare painting, a piece of jewellery, or even a pair of branded shoes. Although a gift is typically considered tax-free, when its value is more than ₹50,000, it is liable to income tax in the…
Source: Live Mint India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has also noted that while net financial savings have declined in 2022-23, financial liabilities have gone up thanks to retail loans for consumption and investment. Rise of personal…
Source: Live Mint If you are a new credit card user, you should ensure that your income is far more than your total bill. It is, incidentally, not uncommon for some credit card users to pile up high bills which are far more than their monthly income. As a result, they could fall into a…
Source: Live Mint Credit card tokenisation is the process of replacing the 16-digit number on a card with a unique combination of numbers called a token. This approach enhances the security of credit card transactions by ensuring that personal details are not included in the token. Tokenisation is commonly used by online platforms such as…
Source: Live Mint Airline loyalty programs, also known as frequent flyer programs (FFPs), have gained popularity in the last few years. These programs allow the earning and redemption of loyalty points (airmiles) on flight bookings. Banks like Axis Bank, HDFC Bank, American Express, etc. allow their credit card users to transfer reward points to these…
Source: Live Mint If you are a regular credit card user, it is vital for you to clear your bill on time to keep your credit score intact and avoid paying late fee as well as interest at an exorbitant rate. There is no denying the fact that the best time to clear your credit…
Source: Live Mint If you want to make the most of the high interest rates which prevail in the current market, you may consider locking some of your savings into fixed deposits. Meanwhile, equity markets are declining on foreign investors’ selling spree, and Nifty50 is already 8 percent down from its all-time high. So, relying…
Source: Live Mint If you plan to invest in digital gold this Diwali, remember that you have several options, including gold mutual funds, gold ETFs and gold bonds. With the government planning to discontinue gold bonds, investors can consider investing in gold ETFs and gold mutual funds. There are 17 gold exchange-traded funds (ETFs) with…
