The FinTech Hub
Source: Live Mint In the financial year 2023-24, the new tax regime became the default regime. This regime’s tax rates are lower than those of the old regime, but it phases out most of the exemptions and deductions. This means if you want to avail any of these exemptions, you must opt specifically for the…
Source: Live Mint The last few years have seen a significant rise in food delivery platforms like Swiggy and Zomato. The fact that these platforms process lakhs of food orders daily shows their growing popularity. When customers order through these platforms, they enjoy benefits such as discounts from the merchant, discounts from the platform itself,…
Source: Live Mint Mutual funds are fast emerging as the investment vehicle of choice for a growing segment of Indian investors. According to statistics released by Association of Mutual Funds in India (AMFI), the Assets Under Management (AUM) of the Indian Mutual Fund industry has grown from ₹10.90 trillion as on November 30, 2014 to…
Source: Live Mint In the calendar year 2024, mutual fund investors’ investment through the SIP (systematic investment plans) route touched ₹2,89,227 crore with the highest contribution of ₹26,459 crore in December. Interestingly, December also happened to be the 46th month of positive equity inflows with the first one in March 2021. The mutual fund industry’s…
Source: Live Mint Banks that are part of unified payment interface ( UPI) functionality tend to lose access to URCS or Unified Real-time Clearing and Settlement if they enter the wrong password three times. In such instances, banks are compelled to reach out to the National Payments Corporation of India (NPCI) to reset the password…
Source: Live Mint Mutual Fund folios hit at all-time high of 22,50,03,545 in December 2024, revealed the latest data released on Thursday by the Association of Mutual Funds in India (AMFI). Retail mutual fund folios (which include equity, hybrid, and solution-oriented Schemes) were at an all-time high of 17,89,93,911 for the month of December 2024,…
Source: Live Mint If you are a movie buff, using a credit card to buy movie tickets can be a good idea. ICICI Bank offers HPCL Super Saver Credit Card, which gives a 25 per cent discount on the purchase of movie tickets. The total discounts, meanwhile, are capped at ₹100 on the purchase of…
Source: Live Mint Equities continued to dominate investors’ minds in 2024. This is despite an eventful year with high volatility due to multiple global events, including a new war, weaker-than-expected economic growth, disappointing earnings, and subsequent FPI outflows. Going forward, factors like corporate earnings slowdown, sticky inflation, geopolitical tensions, higher US bond yields, strong dollar…
Source: Live Mint Do you hold a credit card and plan to procure one more amid some confusion and doubts? If that is the case, then it is vital to remember that holding more than one card is not unwise as long as you use both rationally. One of the key advantages of having two…
Source: Live Mint If you are a travelaholic, it is advisable to apply for a travel-focusssed credit card. Almost all major banks offer travel credit cards, we share details of two credit cards offered by Axis Bank and ICICI Bank. ICICI Bank offers MakeMyTrip ICICI Bank Credit Card which has a set of features. MakeMyTrip…
