BUSINESS
Top money changes that will impact your wallet in April
With a flurry of financial changes set to take effect in April, it is important for investors to keep a close eye on the developments that are bound to affect their wallets.
BUSINESS
You can now have up to 4 nominees for bank accounts. Here are the new rules
Bank account holders can now appoint up to four nominees, choosing between 'successive' and 'simultaneous' nominations, enhancing flexibility, security, and convenience
BUSINESS
RBI repo rate cut: Home loan rates dip, but new borrowers may miss full benefit
Central Bank of India and Union Bank of India are offering the lowest interest rates starting at 8.10%, while private banks may cut rates soon to stay competitive.
BUSINESS
Bank, NBFC or international lender: Which is best for an overseas education loan?
Explore education loan options, covering benefits, eligibility, and repayment strategies to fund your child's education abroad
BUSINESS
From pocket change to prosperity: How small savings can help build a big corpus
Developing good financial habits from a young age, such as saving, budgeting, and investing, can lead to wealth creation and a secure financial future.
BUSINESS
Education loans for studying abroad: who offers the cheapest interest rates?
Indian Bank, Union Bank of India and Bank of Baroda offer interest rates between 8.6 and 9.45 percent on an education loan of Rs 50 lakh for a tenure of seven years
BUSINESS
ICICI's iShop credit card rewards: More benefits, but lack of air miles a miss
The private bank’s iShop portal offers greater rewards on flights and hotels for customers of its premium credit cards, but lack of conversion to air miles is a dampener.
BUSINESS
Double Delight: How joint home loans can help couples save big on taxes
If both partners fall in the 30 percent tax bracket, their combined annual tax savings could be approximately ₹2.1 lakh.
BUSINESS
Financial literacy | Kitty parties that are about business, not just banter
The appeal of such unregulated savings schemes cuts across socioeconomic strata, but women should not overly rely on them for investment.
BUSINESS
Indian women now prioritise retirement and travel as planning for kids’ weddings takes a back seat
International Women’s Day: Indian women are taking charge of their finances and prioritising their retirement security over children’s marriage goals, besides importance given to international travel as a key goal, say financial planners.
BUSINESS
Women borrowers on the rise, CIBIL-Niti Aayog report shows 22 percent CAGR over five years
Gold loans have emerged as a preferred borrowing option for women, with 4 crore loans worth Rs 4.7 lakh crore accounting for 38 percent of all loans taken by women in 2024. This represents a five-fold increase in gold loan volumes since 2019.
BUSINESS
5 changes that will impact your wallet in March
There’s a lot happening in the last month of the financial year. Be aware of the financial changes and dates that will affect your financials this month
BUSINESS
What's the smarter choice — to buy a flat or rent one?
One needs to decide based on one’s long-term career plans, finances, home loan eligibility, and lifestyle choices, among other factors.
BUSINESS
Rupee depreciation: How Indian students can minimise the impact on overseas education budget
Rupee depreciation acts as hidden inflation for Indian students aspiring to study abroad, significantly increasing the cost of education, even if universities do not raise tuition fees
BUSINESS
New India Co-op Bank crisis: Customers should change bank mandates for EMIs, redirect MF SIPs
Cancel ECS debit instructions issued to New India Co-op Bank for loan EMIs and pick another bank account to honour your repayment commitments. Change the bank mandates to ensure that your mutual fund redemption proceeds are credited to an alternative, functional account.
BUSINESS
RBI’s curbs on New India Co-op Bank: Here’s how deposit insurance can help affected depositors
The bank’s depositors will not be able to make withdrawals for six months. The RBI has also barred new loans and deposits. However, customers can file deposit insurance claims to the extent of Rs 5 lakh.
BUSINESS
Valentine's Day Special: Financial planning tips for couples setting up a business
Couples starting a business together must navigate financial planning, insurance, tax benefits and personal goals to ensure a strong financial foundation and a healthy relationship.
BUSINESS
RBI's 25-bps repo rate cut: Should you go for special-rate FDs now?
With the RBI-MPC reducing the repo rate by 25 basis points to 6.25 percent on February 7, depositors might have to brace themselves for lower fixed deposit interest rates and reduced passive income in the months to come. However, they can consider locking their funds into special-rate FDs that are being offered by several banks until March 31, 2025.
BUSINESS
RBI cuts repo rate by 25 bps: How home loan borrowers can lower their interest rate burden
The RBI's 25-basis point repo rate cut will bring relief to home loan borrowers. Learn how you can maximise savings through refinancing, partial prepayments and negotiating with lenders.
BUSINESS
RBI cuts repo rate by 25 bps: Home loan borrowers set to save big from lower interest payout, EMIs
The repo rate cut, combined with the benefits from the revised tax slabs announced in the Union Budget 2025 for the new tax regime, is likely to boost loan eligibility and repayment capacity in the upcoming fiscal year
BUSINESS
ITR filing: Know the new Budget 2025 rules for filing updated income tax returns
Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and restrictions for revised, belated, and updated ITR filings.
BUSINESS
More money in your hands after Budget 2025? Use the tax-savings wisely to boost your investments, not spends
Financial experts recommend strategic investing, prioritising long-term goals over short-term tax benefits.
BUSINESS
Time limit for filing updated tax returns extended from two years to four years in Budget 2025
The extension from 2 years to 4 years would give taxpayers more flexibility to correct mistakes.
BUSINESS
TCS exemption limit raised to Rs 10 lakh in Union Budget 2025, relief for students and travellers
Finance Minister Nirmala Sitharaman has proposed to raise TCS exemption limit from Rs 7 lakh to Rs 10 lakh and exempt education remittances funded through loans, benefiting students, travellers, and investors.
