BUSINESS
No hike in tax deduction under Sections 80TTA and 80TTB disappoints individuals, HUF and senior citizens
Finance Minister Nirmala Sitharaman kept tax deduction unchanged under Sections 80TTA and 80TTB in Union Budget 2024 announcement.
BUSINESS
Financial support announced for students to pursue higher education in Union Budget 2024
E-vouchers for loans up to Rs 10 lakh for higher education announced in Union Budget 2024
BUSINESS
Union Budget 2024: Six demands that top home loan borrowers’ wish list
Budget 2024 Expectations: Home loan borrowers are hoping that the Union Budget will increase the tax concession on home loan interest paid. Other demands include a separate tax deduction for home loan principal repayment, reinstatement of credit-linked subsidy scheme, etc.
BUSINESS
SBI, Bank of Baroda roll out special, short-term FD schemes: Should you invest?
These limited period fixed deposit schemes with shorter terms are ideal for conservative or risk-averse investors looking for assured returns within a relatively short period. If the interest rate is above 7 percent, risk-averse investors can consider the schemes.
BUSINESS
Should you apply for the rebranded HSBC cashback credit card?
HSBC Live+ Credit Card offers luxury benefits on travel, lifestyle spending and cashback. The cardholders will get 15% discount at restaurants across Asia. The card also offers 10% cashback on spending in three categories: dining, food delivery, and groceries.
BUSINESS
Loan Against Mutual Funds: Borrowers not eligible for higher loan amount when market rises during tenure - Mirae Asset Financial Services CEO
Loan Against Securities: In an exclusive interview with Moneycontrol, Krishna Kanhaiya, Director & CEO of Mirae Asset Financial Services discusses growth of loans against mutual funds and shares and how it works.
BUSINESS
Investors Beware: Upstox cautions against imposters luring customers
There are fake social media accounts and groups pretending to be Upstox, offering educational courses, stock tips, and promising guaranteed returns. Upstox has asked investors not to divulge sensitive information without verifying if the callers are genuine.
BUSINESS
Cashless Revolution | 90% of consumers in urban India with Internet access prefer digital payments: Study
According to a survey by Kearney India and Amazon Pay India, the majority of consumers prefer digital payments for discretionary spending such as electronics as well as clothes and footwear while cash is still widely preferred for daily spend categories
BUSINESS
Union Budget 2024-25: Six demands that top home loan borrowers’ wish list
Budget 2024 Expectations: Home loan borrowers are hoping that the Union Budget will increase the tax concession on home loan interest paid. Other demands include a separate tax deduction for home loan principal repayment, reinstatement of credit-linked subsidy scheme, etc.
BUSINESS
How credit score is calculated and what affects it: Explained
Credit score calculation: All you need to know about why credit scores vary across bureaus, impact of hard inquiries on scores and how frequently the credit score changes.
BUSINESS
HDFC Bank’s services to be temporarily limited during upgrade on July 13
HDFC Bank plans migration of Core Banking System to new engineered platform to enhance robustness and scalability.
BUSINESS
6 key financial changes this July that can impact your wallet
The first Union Budget, income-tax filing, changes on your credit cards…the month of July has crucial changes that will impact your personal finances.
BUSINESS
HDFC Bank has revised terms for credit cards: Here are the key changes
One significant takeaway from the revised terms is that HDFC Bank credit cardholders should henceforth avoid rental and educational transaction payments through third-party apps and platforms to reduce the burden of additional charges.
BUSINESS
Tata Neu Infinity HDFC Bank Credit Card updates NeuCoin rewards on UPI transactions: Key changes explained
Effective August 1, Tata Neu Infinity HDFC Bank credit card users will earn 0.5 percent as NeuCoins on eligible UPI transactions. They will get an extra 1 percent back as NeuCoins if they use Tata Neu UPI ID for a transaction.
BUSINESS
RuPay takes pole position in debit cards; PhonePe, GPay lead in UPI transactions: Report
According to a report by Fibonacci X, a venture platform, India’s RuPay network holds 69 percent of the debit card market as of CY23, while UPI transaction volumes grew 6.5 times between 2020 and 2023
BUSINESS
Citibank credit cards to become Axis from July 15: Know your fees, features, benefits
The migration of Citi credit cards to Axis Bank will be completed by July 15. Here, we address common questions from Citi credit card users regarding the migration process, the benefits and features of the Axis Bank credit card replacing the Citi card, rewards programs, annual fees and charges, and more.
BUSINESS
Father’s Day 2024: Why the birth of a child calls for an overhaul of financial plans and how to go about it
Even before the child is born, fathers should start reviewing the family’s household budget, enhance the emergency corpus, make an investment plan for children’s education goals and buy adequate insurance cover for the family, including the child.
BUSINESS
Credit on UPI: Convenient loans at your fingertips, but watch for pitfalls
Despite the long list of advantages, uptake of ‘credit on UPI’ remains low due to a lack of enthusiastic participation by banks, which prefer more profitable credit cards.
BUSINESS
RBI plans auto-replenishment of UPI Lite wallet: What does it mean for users?
UPI Lite was launched by the National Payments Corporation of India (NPCI) in September 2022.
BUSINESS
RBI holds repo rate at 6.5%: No impact on home loan EMIs
Existing home loan borrowers who are servicing loans at higher interest rates can look to make lump-sum part-prepayment, increase their EMIs, switch to other lenders or negotiate with their existing lenders to bring down the overall interest burden
BUSINESS
Eight key financial changes you need to bear in mind this June
From evaluating the impact of the Lok Sabha election results, providing a nominee for mutual fund investments and paying the first advance tax installment to filing income-tax returns for financial year 2023-24, a lot is happening in June. Here’s what to watch for.
BUSINESS
Stay calm, don’t get swayed by election results, say financial planners
Ahead of the Lok Sabha election results on June 4, top financial advisors are advising investors to avoid speculative bets and knee-jerk reactions to market movements, and instead focus on their long-term goals and asset allocation
BUSINESS
Why account aggregators spell great news for rural financial customers
People residing in rural areas will be able to get loans faster despite having bank accounts with smaller or regional rural banks, thanks to the spread of account aggregators, explains Bertram D’Souza, Protean eGov Technologies, in an exclusive interview with Moneycontrol.
BUSINESS
Tomorrow's investors: How children are learning about personal finance
Moneycontrol interacted with three children aged 9-14 years to understand their budgeting and investment skills, and how they manage debt. We also asked them what they had learnt from their parents' investing mistakes.
