BUSINESS
Private banks that offer up to 8.05% interest on 3-year fixed deposits for senior citizens
Senior Citizen FD Interest Rates: Experts recommend that conservative senior citizens can secure a stable income stream by investing in FDs for a longer tenure to fetch a higher rate of interest. A delay may lead to a potential decrease in the rate, they warn.
BUSINESS
Can wedding planners help contain costs?
Yes, in some cases. But couples need to keep a close watch on wedding planners’ fee structures. The costs vary as per location, guest count, seasonality, customisation, and a planner’s expertise. Planners’ fees are dynamic. From fixed, percentage-based to hourly consultation rates are on offer.
BUSINESS
American Express Platinum Card revamped: Enhanced benefits, but fees higher too
American Express has introduced new benefits for its premium credit card holders such attractive renewal offers and expanded hotel partnerships, but has rolled back certain other privileges, besides increasing the annual fee to Rs 77,800, including 18% GST.
BUSINESS
Safety and high returns: Here are the banks that offer up to 7.55% interest on 3-year fixed deposits
FD Interest Rates: Experts say that risk-averse investors should lock in high fixed deposit rates now, as they're expected to decline in the coming months.
BUSINESS
ICICI Bank revises credit card perks, doubles minimum spend for lounge access to Rs 75,000
Effective from November 15, ICICI bank has capped rewards on utility, insurance, and grocery transactions, revised fuel surcharge waiver and more.
BUSINESS
ICICI Bank, MakeMyTrip launch co-branded credit card for travel. Should you get one?
This credit card is ideal for frequent MakeMyTrip users, offering versatility and value. Rewards, however, are restricted to MMT bookings and international lounge visits are limited
BUSINESS
RBI monetary policy: UPI 123Pay, UPI Lite limits raised, here's is how it will benefit you
For UPI 123Pay, the per-transaction limit has been raised to Rs 10,000 and UPI Lite users can now conduct up to Rs 1,000 worth of transactions without the PIN
BUSINESS
No change in home loan EMIs as RBI keeps repo rate unchanged for 10th time in a row
Home Loan Interest Rate: Economists expect a repo rate cut from December onwards because of the improving inflation outlook in India and the start of the global monetary easing cycle.
BUSINESS
RBI flags NBFCs’ ‘growth at any cost’ approach: Retail borrowers would do well to heed the message
Governor Shaktikanta Das expressed concerns around lending practices adopted by certain NBFCs, which results in business driving retail credit growth rather than its actual demand. Retail borrowers, too, ought to take note of RBI’s cautionary tone, and avoid availing of easy credit to fund their discretionary purchases this festive season. Adhering to the basics of financial planning can help you enjoy your festive spends sans worries of future EMIs and the interest burden.
BUSINESS
Get the best car loans & drive home some savings
When shopping for a car loan, go beyond brochures and advertisements, and don't rely solely on dealership offers.
BUSINESS
Borrower Blues: Home loan customers may have to wait till December for RBI to lower interest rates
Repo rate cut: Borrowers on repo-linked credit will see the reduced rates reflected in their loans within one-three months of the rate cut, say experts
BUSINESS
Credit score lower due to lender enquiries despite no loan application? Dial credit bureaus, RBI banking ombudsman for help
Credit history enquiries: If a lender has viewed your credit score without your consent, you can file a complaint with the credit information companies to take corrective action. Else, unsolicited checks can affect your credit score, experts warn.
BUSINESS
Gold loan risks: RBI exposes irregularities, borrowers beware
While taking out a gold loan, borrowers need to beware of potential pitfalls. To ensure a secure experience, it's crucial you do proper research, and compare interest rates and charges from various RBI-approved lenders.
BUSINESS
NRE fixed deposit rates: Deutsche Bank, RBL Bank top with up to 8 percent interest rates on two-year tenor
NRIs have multiple options when it comes to banking needs and products. Experts advise parking surplus funds in NRE fixed deposits for the best outcome.
BUSINESS
Wedding loans: Are Gen Zs, millennials risking their financial future in pursuit of social media ‘likes’?
A growing number of younger couples in India are choosing to self-fund their weddings, but nearly 26 percent are using personal loans to cover costs. Destination weddings and personalised experiences are key drivers of this trend. However, financial advisors warn of high interest rates, potential penalties, and impact on credit scores.
BUSINESS
New rules for NSS, PPF, credit cards, insurance, share buyback tax structure and other financial changes that you must watch out for in October
Several new financial rules will come into force from October 1. They include tax dispute resolution scheme, share buyback tax, HDFC Bank’s restrictions on its high-end Infinia credit card reward pointss, small saving account rules, and revised norms for existing insurance products, among others.
BUSINESS
Black Friday Sale: 5 shopping traps to avoid
Black Friday Shopping Offers: E-commerce websites often use clever tactics to create a false sense of urgency. Buyers should spend wisely after doing their own calculations on cashback offers while shopping, experts say.
BUSINESS
How to plan your wedding on a budget: 5 handy tips for smart spending
Budget Wedding Planning: Usually, venue and catering play spoilers to the wedding budget. Money is also needed for honeymoon, perhaps a new home and for essential as the couple start a new life. All these expenses need to be budgeted for, say wedding planners.
BUSINESS
HSBC India launches facility to pay for foreign education expenses
The bank’s customers can directly transfer payments to over 600 universities across five countries / territories, such as the US, UK, Canada, Hong Kong, and Australia. HSBC doesn’t charge anything for the service.
BUSINESS
BOBCARD’s EMI option on RuPay-UPI cards: Should you opt for this facility for festive spends?
EMI on UPI Payment: Ahead of the festival season, BoBCARD has rolled out a facility that allows users to apply for EMI directly through any UPI app on their linked RuPay credit card. However, be mindful of the interest charges when opting for this facility
BUSINESS
How much cash should you keep in your savings bank account?
Too much idle cash in your savings bank account limits your wealth creation. Use auto-sweep feature to park in fixed deposits. Else liquid and overnight mutual fund schemes offer better returns and just as much liquidity.
BUSINESS
Last date to invest in SBI's special FD is September 30: Should you hurry to invest now?
The deadline to invest in special FD schemes of SBI, IDBI and Indian Bank ends on September 30. These FDs are popular with risk-averse investors and senior citizens because of their higher interest rates.
BUSINESS
Cash deposit made easy: Bank of Baroda, Axis Bank roll out UPI-ICD facility
UPI-ICD offers a cardless solution, mitigating the risks of debit card loss, theft or related fraud. By eliminating the need for physical cards, the user-friendly facility provides a secure and convenient way to manage your finances.
BUSINESS
RBI penalty on HDFC Bank: Know the recovery agent rules that lenders cannot violate
As per RBI guidelines, recovery agents are required to follow a strict code of conduct when dealing with borrowers – they have to maintain decency and courtesy, respect personal space and adhere to specified timings for contacting borrowers.
