Hiral Thanawala

Coordinator Special Features

moneycontrol.com

Explained: All about the home loan provisional certificate

BUSINESS

Explained: All about the home loan provisional certificate

The document is required for claiming tax deductions. You can apply for the certificate online and offline.

Complaints on banking services rose 65% in 2019-20: Here are a few lessons for customers

BUSINESS

Complaints on banking services rose 65% in 2019-20: Here are a few lessons for customers

Lack of clarity on RBI’s loan moratorium scheme and issues in digital transactions were key sources of complaints

Education loans: How to choose from banks, NBFCs and fintechs

BUSINESS

Education loans: How to choose from banks, NBFCs and fintechs

While interest rate is the primary deciding factor, borrowers should also consider the margin amount, repayment tenure and the moratorium period

How the CTS system will help in faster and efficient cheque processing

BUSINESS

How the CTS system will help in faster and efficient cheque processing

All bank branches in India would put in place the cheque truncation system by September 2021

Budget 2021: Will PMC Bank, others be able to get depositor’s insurance cover now?

BUSINESS

Budget 2021: Will PMC Bank, others be able to get depositor’s insurance cover now?

Finance minister Nirmala Sitharaman announced that deposits in banks that went into liquidation can also now access the depositors’ insurance cover. Experts predict this proposal would be applicable retrospectively.

Have a complaint against bank or NBFC or digital wallet? RBI to soon roll out a unified ombudsman

BUSINESS

Have a complaint against bank or NBFC or digital wallet? RBI to soon roll out a unified ombudsman

An ombudsman is authorioty to approach to, if your complaint isn’t satisfactorily resolved by the bank, NBFC or digital wallet

Budget 2021: Withdrawing deposits from stressed banks to get simpler

BUSINESS

Budget 2021: Withdrawing deposits from stressed banks to get simpler

Depositors will be able to get immediate access to their deposits up to Rs 5 lakh under the deposit insurance scheme

IDFC First Bank’s low interest credit card: Nothing attractive for a prudent user

BUSINESS

IDFC First Bank’s low interest credit card: Nothing attractive for a prudent user

IDFC First Bank introduces credit cards with annual interest rates as low as 9 percent. But not all customers will enjoy this rate

All about what you should do with travel credit cards now

BUSINESS

All about what you should do with travel credit cards now

If you don’t wish to travel despite getting vaccinated, then you might want to switch to another credit card

CARE Ratings report on uptick in retail loans: What you must do to avoid a debt trap

BUSINESS

CARE Ratings report on uptick in retail loans: What you must do to avoid a debt trap

Even though loans are cheap and easily available, your EMIs should not exceed 40 percent of your take-home pay

Axis Bank waives penalty on premature withdrawal from FDs: Here are the details

BUSINESS

Axis Bank waives penalty on premature withdrawal from FDs: Here are the details

Bank of India has already waived such charges on early withdrawals and Kotak Mahindra Bank do not charge premature withdrawal for all FDs with original tenor up to 180 days

How reverse mortgage helps senior citizens increase their monthly income

BUSINESS

How reverse mortgage helps senior citizens increase their monthly income

The maximum amount most banks offer is Rs 1 crore, even if your property is worth much more

We want to position our credit cards as the most rewarding in India for the consumers: Yes Bank

BUSINESS

We want to position our credit cards as the most rewarding in India for the consumers: Yes Bank

 At present, spends using credit cards are almost back to February 2020 levels

Digital lenders association tightens code of conduct for loan recoveries: What borrowers must be aware of

BUSINESS

Digital lenders association tightens code of conduct for loan recoveries: What borrowers must be aware of

The digital lenders’ association claims it is working closely with the payment partners to identify unethical recovery activities

How many credit cards should you have?

BUSINESS

How many credit cards should you have?

You can own more than one credit card, depending on your needs. But make sure you pay your dues on time

Do not just go by high interest while shifting banks; look at new bank’s services: RBL Bank

BUSINESS

Do not just go by high interest while shifting banks; look at new bank’s services: RBL Bank

The bank you are choosing should be able to offer the entire bouquet of financial products you may require over a period

RBI’s warning to coercive digital lending apps: What borrowers must be aware of

BUSINESS

RBI’s warning to coercive digital lending apps: What borrowers must be aware of

While applying for a loan, you must verify the background of the lending company

CRIF report on the rise in personal loan borrowings: How to avoid a debt trap

BUSINESS

CRIF report on the rise in personal loan borrowings: How to avoid a debt trap

Personal loans are expensive. If you fail to pay even a single EMI on time, your credit score gets impacted

SBI report on rising online credit card usage: How to avoid a debt trap

BUSINESS

SBI report on rising online credit card usage: How to avoid a debt trap

A recent report from State Bank of India suggests a massive rise in online credit card usage. If used carelessly, credit cards can wreck your finances

Bank mergers: Here are the procedural changes customers must be aware of

BUSINESS

Bank mergers: Here are the procedural changes customers must be aware of

With a host of bank mergers, customers will have to be prepared for new processes and systems

Here’s how account aggregators share financial data of customers with banks

BUSINESS

Here’s how account aggregators share financial data of customers with banks

The account aggregator does not store or save any data transmitted between financial information providers and users  

RBI increases limit for transactions using contactless cards

BUSINESS

RBI increases limit for transactions using contactless cards

These digital modes of transactions are well-suited for making payments in a safe and secure manner. The RBI has increased the limit to Rs 5000 from January

RBI’s diktat on HDFC Bank: What should existing customers and fresh credit card applicants do?

BUSINESS

RBI’s diktat on HDFC Bank: What should existing customers and fresh credit card applicants do?

Existing HDFC Bank credit card holders can swipe the card at outlets and use it online for any transactions. But if you are just going to apply for a card, there will be a delay in processing your application

How prepaid cards can help you stay prudent with your spending

BUSINESS

How prepaid cards can help you stay prudent with your spending

Using prepaid cards for e-commerce transactions also limits the risk of fraudulent transaction to amounts loaded

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