BUSINESS
DCB Happy Savings Account offers cashback on UPI transactions: Should you open one?
The benefits go up only if you maintain a higher cash balance and spend more through UPI. The flip side is that the cashback facility can be taken away anytime
BUSINESS
Children settled abroad? Here is how to Will your assets
Bequeathing your assets to children who are settled abroad is tough, if you have a lot of physical assets like property, gold or silver. You should consolidate them as your kids may find it difficult to dispose them later.
BUSINESS
Bank of Baroda offers a new savings account for students: All you need to know
BOB BRO is a zero-balance savings account for students in the 16-25-year age bracket. This customised savings account will not only enable youngsters to learn to transact securely in the digital banking space but also help them build a relationship with the bank
BUSINESS
How rich young Indians can write an effective, fool-proof Will
A Will not only serves as a guide to caring for their children financially but also allows young parents to spell out specific wishes about preferred guardians, educational options, religious upbringing and so on that can affect children’s well-being.
BUSINESS
ICICI Bank reduces benefits on 21 credit cards, imposes minimum card usage for airport lounge access
The bank has also withdrawn rewards on rent payments and e-wallet loading while levying currency conversion mark-up on payments in INR at overseas destinations.
BUSINESS
92% of outstanding loans are from housing, personal, auto, & credit card debt: RBI Data 2023
One of the key developments of 2023 was the RBI applying the brakes on unsecured and small-ticket loans by raising the risk weights. This has been seen as the central bank proactively managing the excess growth of small loans before asset quality worsens in this category.
BUSINESS
Financial Forecast: Four changes to watch out for in January
From next month, insurance companies will have to provide their health insurance policyholders with an updated customer information sheet (CIS). It is also the month when salaried people would need to file proof of their tax-saving investments.
BUSINESS
Score & Soar: Here’s how your credit score can help land that dream job
Employers in financial services or organisations where financial responsibility is crucial, might use the services of credit bureaus to screen an applicant’s credit profile for a bird’s eye view of the hire’s financial habits.
BUSINESS
Destination wedding on a budget: Say 'I Do' in Andamans, Jaipur, or Goa under Rs 50 lakh!
A quick flight and a romantic resort can add glitter to your wedding but destination weddings can cost a bomb. There are ways to cut costs though, if you plan it carefully.
BUSINESS
Marry Now, Pay Later? Why wedding loans are not a match made in heaven
While taking out a wedding loan or participating in a ‘Marry now, pay later’ scheme, borrowers must understand key terms such as interest rate, loan amount, and repayment schedule. You should borrow only to pay for the basic expenses and not to fund the showbiz part of the Big Fat Indian Wedding.
BUSINESS
No impact on home loan interest rates for now, as RBI leaves repo rate unchanged
RBI MPC meeting: Depositors, too, will continue enjoying higher interest rates for now, say experts
BUSINESS
Senior citizens and estate planning: 8 crucial mistakes to avoid
A well-documented estate plan can prevent family disputes and ensure harmony and peace, even after your lifetime. Therefore, act today.
BUSINESS
Made in heaven: How to choose a wedding planner
The expertise of wedding planners in organising this once-in-a-lifetime event can be highly beneficial. They offer a spectrum of services, ranging from full-service planning to partial assistance. The cost is based on the date of the wedding, location, number of guests, and list of services to be managed and coordinated.
BUSINESS
Seven financial changes that may impact you this December
From providing nomination or opt-out for investments in MFs and demat accounts to changes to HDFC Bank’s Regalia credit card lounge access within India, you need to be aware of several changes in the financial arena.
BUSINESS
Estate planning 101: Ten estate planning tips for senior citizens
Estate planning for senior citizens is required for the smooth transfer of assets and for the fulfilment of their wishes during their lifetime and after their death.
BUSINESS
Tying the knot? Tips to keep your wedding budget in control
From choosing the right venue to keeping in check unexpected costs, keep a close eye on the wedding budget that can just as easily spiral out of control. So, keep the right balance.
BUSINESS
Maintaining multiple bank accounts? Now, get single-view access to all transactions
Axis Bank and ICICI Bank customers can get a comprehensive view of their transactions across all bank accounts through the new account aggregator-enabled facility. At the click of a button, you can view bank balances, top spending and income categories, expense breakdowns, daily inflows, expenses, and balance analysis.
BUSINESS
Explained: Key Fact Statement of a loan and why it is important
RBI ban on Bajaj Finance: The RBI has asked Bajaj Finance to stop the sanction and disbursal of loans under two of its lending products with immediate effect, for not issuing Key Fact Statements to borrowers.
BUSINESS
Children’s Day Special: Board games & bank accounts — how parents instill financial values in kids
Financial planners are resoundingly in favour of imparting financial literacy right from childhood, as that will make kids much more responsible with money as they grow into adults.
BUSINESS
Planning to buy a home this festive season? Here are six things to consider
This season, several financial institutions have announced a raft of offers to lure homebuyers’ interest. However, before you opt for a home, save enough for the down payment, conduct a thorough background check on the builder and check the project details on the RERA website, among other things more.
BUSINESS
AasaanWill launches gift cards for making wills and estate planning
AasaanWill, a digital Will writing platform, has launched gift cards for Will writing and estate planning services. Prices start at Rs 2,999.
BUSINESS
Google, FACE join hands to eliminate illegal lending apps: How borrowers will gain from this initiative
With this collaboration, FACE will support Google with market intelligence to detect predatory digital lending apps in India that are non-compliant with the Play Store’s policies, enabling swift action against them.
BUSINESS
Finfluencers exist because traditional financial organisations and setups left a gap: MF experts
It's extremely important to educate people on personal finance from the school, said Nilesh Shah of Kotak AMC at a panel discussion on financial literacy at IFTA 2023.
BUSINESS
Watch out for financial changes this November amid gold buying for Dhanteras and navigating festive offers
The month will see BSE raising derivatives transaction fees and banks will wind up special high-rate FD schemes while the reward multiplier scheme will end for Amex cardholders.
