The FinTech Hub
Source: Live Mint Have you ever wondered what can you do if you want to open a fixed deposit account but do not have access to a large sum. Is this possible to accumulate the deposit money in tranches? Well, Bank of Baroda offers systematic deposit plan (SDP) to those depositors who want to start…
Source: Live Mint HDFC Bank has revised its Marginal Cost of Lending-based interest rates (MCLR) with effect from Saturday i.e., September 7. Now, the MCLR based lending rates will be in the range of 9.10 to 9.45 percent per annum. However, only MCLR for 3-month tenure has been raised by 5 basis points. The rates…
Source: Business Standard 3 min read Last Updated : Sep 06 2024 | 7:16 AM IST A recent Securities & Exchange Board of India study, based on data from 144 initial public offerings (IPOs) between April 2021 and December 2023, found that individual investors sold over 50 per cent of their IPO shares within…
Source: Live Mint There are a number of learnings which we happen to imbibe from our mentors and they stay with us for many years to come. Even legends like Warren Buffett owe a major chunk of their success to their mentors and gurus. Buffett often says that his mentor and professor at Columbia University – Benjamin…
Source: Live Mint Investing requires unconditional discipline, razor-sharp consistency and oodles of patience. At the outset, however, one is meant to learn the ropes of investing. One should know, for example, the key difference between savings and investment, multiple investing options which one can choose from, how to achieve financial goals and how to do asset rebalancing. This…
Source: Live Mint Are you contemplating applying for a new credit card at a bank? It is definitely a smart thing to do but you should apprise yourself of its pros and cons, and importantly of its key characteristics. Here, we give a lowdown on the usage of a credit card, and its key features…
Source: Live Mint From time to time, you may get a message or email from your bank mentioning that you are eligible for an increase in the credit limit on your credit card. Some people who need a higher limit may accept the offer. Some people may ignore the message, thinking they are already using…
Source: Live Mint Are you prompt in paying rents to your landlord? If you are consistent with rent payments and live in Mumbai, you would be able to avail loans on that basis alone soon. Regular payments would also earn rewards, a rent credit score and a Residence Card (R-Card) that would store all the…
Source: Business Standard 3 min read Last Updated : Sep 06 2024 | 10:24 PM IST The Ministry of Finance’s Department of Economic Affairs issued new guidelines on August 21, 2024, related to Public Provident Fund (PPF) for minors, multiple PPF accounts, and PPF accounts held by non-resident Indians (NRIs). These guidelines will come…
Source: Live Mint Possessing a credit card is not only uncommon but somewhat close to financial necessity in current times. However, before you procure a credit card, be mindful of a number of thumb rules; for instance, the unpaid dues accrue a very high rate of interest — sometimes as high as 3-4 per cent…
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