The FinTech Hub
Source: Live Mint Bank of Baroda has rolled out BOB Utsav Deposit Scheme which has a 400-day tenure. The state lender offers an interest of 7.30 percent for the general public on this special deposit scheme. Interest rates for senior citizens Senior citizens are entitled to receive an extra 50 basis points i.e., 7.80 percent on…
Source: Live Mint State Bank of India (SBI) has revised its marginal cost of funds based lending rate (MCLR) with effect from October 15, 2024. The interest rates across all other tenures remain the same, however, MCLR for one-month tenor has been slashed from 8.45 to 8.20 per cent. Interest rate for overnight tenure stands…
Source: Live Mint In today’s fast-paced financial landscape, credit cards have become essential tools for managing expenses, offering convenience, security, and numerous rewards for everyday purchases. With a plethora of options available, choosing the right credit card can be challenging. This guide explores lifetime free credit cards—those that come with no annual fees—highlighting their benefits…
Source: Live Mint Are you holding shares or mutual fund units for your long-term financial goals? During a financial emergency, instead of selling a part of your investment, pledge it and take a loan against it. Pledging of shares/mutual fund units for a loan has benefits over selling them. Let us understand what is pledging,…
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 8:21 PM IST News reports suggest Indians will fly off to foreign destinations in even larger numbers this holiday season than last year. Before they do so, they must purchase a comprehensive travel insurance cover with an adequate sum insured. …
Source: Live Mint In today’s fast-paced financial landscape, credit cards have evolved beyond just a means of payment. They now serve as a vital financial tool that offers various supplementary benefits, including diverse insurance coverage. Understanding the available insurance options can provide essential protection against unexpected events, enhancing the value of your credit card. The…
Source: Live Mint Credit card fees can pile up to a big amount if you are not too careful. So it is important to understand different types of fees and take steps to avoid them in order to save you money. Here we list out the common credit card fees and the steps one can take to…
Source: Live Mint What do you plan to do if you face a sudden cash crunch? And from where do you plan to seek help if you happen to incur an unanticipated financial loss and are currently down with savings? Or what if you have to buy an expensive gift for your partner or a…
Source: Live Mint Before investing in a fixed deposit (FD), it is common, and even advisable, for investors to look for banks or financial institutions which offer highest interest rates on their deposits. Although it is common for banks to offer higher rates for long-duration deposits, one can still opt for short-term deposits to meet…
Source: Live Mint Close on the heels of HDFC Bank upgrading the eligibility criteria for its premium credit cards and SBI increasing interest rates for its credit cards, ICICI Bank has reduced the benefits for customers across credit cards. There will be no reward points on government-related spending on ICICI credit cards. The bank has…
