BUSINESS
Google Pay UPI Circle: A step-by-step guide to add family members, make payments
The feature allows two individuals to use one bank account to make UPI payments. It aims to support those who currently rely on others for executing payment transactions.
BUSINESS
Awaiting your deposit insurance claim? Check the status easily with Daava Soochak
The online tool can be accessed through the DICGC website by keying in the bank’s name and your mobile number.
BUSINESS
No-cost EMIs and BNPL schemes are attracting younger consumers who desire flexibility, ease, and control over their payments: Raj Khosla
Mismanaging your credit card repayment cycle, missing EMIs, and accumulating excessive unsecured debt can lead to increased credit card APRs, says Khosla.
BUSINESS
RuPay, Visa or MasterCard? From September 6, you'll have the power to choose your credit card network
Enabling customers to choose their preferred card network may offer benefits like wider acceptance, memberships and so on. However, experts say that it might not bring down the card fees.
BUSINESS
46% of those looked up their credit scores showed improvement in their ranking after checking: CIBIL report
Credit score: 119 million individuals in India were actively monitoring their CIBIL scores as of March 2024, according to a TransUnion CIBIL report.
BUSINESS
Come September, don’t let these 7 changes surprise your wallet
A slew of changes are due In September, some of which could hurt your wallet if you’re not careful.
BUSINESS
Knot on a cruise: 45% of Indian couples ready to stretch budgets by up to 50% for destination weddings
Destination weddings are gaining popularity among Gen Z and millennial couples, according to a survey by Skyscanner, a leading global travel app. About 85 percent of respondents have either experienced or are planning a destination wedding
BUSINESS
MC Explains: How NPCI's new UPI Circle feature benefits users and what precautions to take
UPI Circle's delegated payments bridge the gap for individuals who face challenges in managing their digital finances because of technical barriers. This includes senior citizens and children in the family.
BUSINESS
Moneycontrol MF Summit: Here are 5 steps to achieve SIP contribution of Rs 50,000 crore, say experts
Set investors' expectations in the right manner, handhold investors to create wealth and avoiding recency bias are some steps suggested by experts to achieve the SIP of Rs 50,000 crore.
BUSINESS
RBI’s new rules for P2P platforms: A net positive for lenders, borrowers, say experts
Tighter regulations may have put P2P lending platforms in a spot of bother, but the guidelines bring in better clarity and transparency.
BUSINESS
This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments
Gift your sister a term deposit, a SIP in mutual funds, enrol her for a financial planning workshop or book an appointment with a financial adviser to make a personalised investment plan.
BUSINESS
Independence Day Special | Seven steps for Financial Independence, Retire Early
FIRE is a relatively new concept in India and somewhat difficult to pull off. Some of the ways to achieve this goal are starting to invest early, considering various factors to build the retirement corpus and investing in equities, among other things.
BUSINESS
Applying for a personal loan from a fintech lender? Here are five parameters to consider
Borrowers are applying for small-ticket personal loans to meet immediate financial needs, such as medical expenses, debt consolidation, home renovations, holidays, education costs, and the like. Before applying for a loan, it is important to evaluate the key fact statement and other parameters.
BUSINESS
Festive shopping: 7 tips to make the best of 'handsome' offers
Freedom sale, Ganesh Chaturthi and upcoming festivities bring with them ‘irresistible’ shopping offers. Shop, but don’t overdo it. Compare the prices online and offline, use cards for instant discounts. Remember, not to fall into a debt trap with EMI schemes
BUSINESS
Keeping Score: Your credit record will be updated every fortnight, if not earlier
The RBI diktat aligns with international standards of credit reporting, and may potentially lead to real-time data updates, benefitting both borrowers and lenders
BUSINESS
RBI Policy: RBI proposes same-day cheque clearance. Here's what it means for customers
The time taken to clear cheques will go down from T+2 days to a few hours, once the continuous clearing process comes into force
BUSINESS
Computer-ji, you are asking too many questions: 1 of 4 applicants abandon digital bank a/c applications, shows survey
Indian consumers are embracing digital banking, but too many questions is a dampener, says a survey. People are most worried about fraud when they are tricked into sending money to a fraudster
BUSINESS
RBI Policy: No impact on home loan EMIs as RBI keeps repo rate steady
Several economists expect the Monetary Policy Committee to change its stance to Neutral in October, and start the rate cutting cycle from December. Existing borrowers will have to contend with higher interest rates for a few more months.
BUSINESS
DBS Bank offers elderly 7% interest rate on savings a/c on its 30th anniversary in India
‘DBS Golden Circle’, a priority banking programme, woos resident Indian citizens aged 60 years and above with higher interest rate on savings accounts and deposits, discount on locker rentals and lifetime free debit cards.
BUSINESS
Not prepared for job loss, debt repayment is a big worry: Survey
Nearly 77 percent of the respondents aren’t prepared for medical emergencies. They either depend solely on employer-provided health insurance, or are simply under-prepared. The lack of contingency planning is a big hole in people’s financial plans.
BUSINESS
Travelling abroad for studies? BookMyForex rolls out zero fee remittance, bundled deals
The BookMyForex Student Offer is a limited-time promotion, valid up to September 30, 2024. It provides zero fee remittances, cashback offer, discount on international flight tickets and hotel bookings from MakeMyTrip.
BUSINESS
Lenders are cautious on higher NPA levels, but no alarm bells so far: Amit Diwan
India Mortgage Guarantee Corporation's chief distribution officer also said that customers shopping around for and transferring home loans to new lenders offering lower rates in a high-interest regime is a natural phenomenon.
BUSINESS
Key financial changes in August: Tax deadline, faster cashless insurance approvals and new credit card rules
Verifying income tax returns, non-life insurance companies granting cashless authorisation within one hour, revised terms on HDFC Bank credit card and more. August brings crucial changes that will impact on your personal finances.
BUSINESS
Card Alert: Banks are reducing the minimum amount due; here’s why that’s not such a great deal
While it enables the customer to pay more regularly rather than default, it also means a higher outstanding on which interest is levied. So, reducing the minimum amount due ultimately benefits the bank.
