The FinTech Hub
Source: Live Mint Investing in a mutual fund consistently can yield good returns. In fact, consistency is the key to investment and wealth generation. An investment made over a long period of time gives the benefit of compounded returns. Compounding is so potent that it is sometimes referred to as magic. This is how it works: when…
Source: Live Mint With only two days to go before the deadline to file revised income tax return (ITR) for FY 2023-24 expires, taxpayers can claim tax rebate under section 87A. Notably, the income tax department recently released excel utilities for ITR forms ITR-2 and ITR3 to exercise the option to claim rebate u/s 87A. However, you have…
Source: Live Mint Do you regularly check your credit score at one of the four credit bureaus in India such as CRIF High Mark and Experian? If not, it is important that you do it on a regular basis. It is often recommended to individuals to check their credit score at least once in a year in…
Source: Live Mint Q. I am a Senior Creative Director working with a marketing agency in Bengaluru. I have been investing in large-cap index mutual funds for the past 4 years. I plan to diversify my portfolio and invest in other categories. Many of my acquaintances have suggested that I invest in quant funds. However,…
Source: Live Mint Credit cards are a great way to save on your expenses and become a smart spender. In today’s times, credit cards are no longer just an add on to your luxury but have become a necessity. The flexibility and convenience of paying through credit cards makes it a popular choice amongst users….
Source: Live Mint The Federal Bank has revised its fixed deposit interest rates starting Jan 10, 2025. Now this private bank offers up to 8 percent interest rate per annum on its FDs. The highest interest rate is now given on a tenure of 444 days. The highest rate is 7.5 percent for general citizens and 8…
Source: Live Mint Personal loans are a great way to get financial assistance in times of emergency or if you are about to have an important event and want some extra funds or if you just want to treat yourself with a luxurious gift. These loans do not require collateral, hence, it is a popular…
Source: Live Mint Are you a shopaholic looking for not just the best deals in the market but also make shopping light on your wallet? If that is the case, EMI (Equated Monthly Instalment) cards might just be the perfect fit for you. These cards, which are offered by banks and NBFCs (non-banking finance companies),…
Source: Live Mint When you want to raise a personal loan, you may have an option to raise it against a credit card rather than opting for a conventional personal loan. However, one must make a wise choice between the two options. Before you jump the gun, make sure that you consider all the key factors….
Source: Live Mint The Reserve Bank of India (RBI) recently released a set of Frequently Asked Questions (FAQs) regarding a circular on resetting floating interest rates on Equated Monthly Instalment (EMI)-based personal loans. One of the highlights of the circular is that banks must give borrowers the option to switch the interest rate from floating…
