The FinTech Hub
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 recently announced budget introduced significant personal finance changes impacting taxpayers and investors. One of the key updates involved Unit Linked Insurance Plans (ULIPs). It has been clarified by the Finance Ministry that if the annual premium exceeds ₹2.5 lakhs the redemption becomes subject to capital gains tax. ULIPs that are held for…
Source: Live Mint If you are planning to get a credit card which offers good lifestyle benefits, then it is recommended to check the key features it offers and the fee it levies. Let us first describe what a lifestyle credit card is. For the unversed — lifestyle credit cards are premium credit cards that are meant to offer…
Source: Live Mint Would you like to enjoy a buy one get one (BOGO) free offer on movie tickets every month? How about a 24% on Swiggy food delivery twice a month? The Axis Bank My Zone Credit Card, with an annual fee of Rs. 500, offers these benefits and much more. The best part…
Source: Live Mint Navigating credit card statements sometimes becomes a little complicated, especially for new users. Two crucial terms that usually cause doubts are ‘unbilled amount’ and ‘outstanding balance.’ It is extremely important to understand the difference between the two clearly in a bid to avoid unnecessary charges and in proper credit card management. What is…
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 Do you use a credit card linked to the UPI? If yes, you obviously have a higher propensity to overspend. We tend to make a ₹40 worth transaction here or ₹50 worth transaction there – and as a result, we don’t even realise before we end up spending ₹10,000 or more. Not uncommon?…
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 If you are a frequent traveller to the destinations in India and overseas, and you like to travel in luxury, then it is advisable for you to carry a credit card. Aside from using it for travel bookings, you can use your credit card to get access to airport lounges. However, it is vital to…
