BUSINESS
FDs for senior citizens: Equitas SFB, Ujjivan SFB offer up to 9% on 15-month tenor FDs
Small finance banks top the list of entities that offer the highest interest rates on short-term fixed deposits.
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.
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
Gold loans: These banks offer as little as 8.8% interest
Loan against gold: Bank of India, Indian Bank and Bank of Baroda offer interest rates between 8.8 and 9.15 percent on a gold loan of Rs 5 lakh for a tenure of one year.
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
Tax Saving FDs: These banks offer interest rates of up to 7% per annum
Tax Saving Fixed Deposit: HDFC Bank, ICICI Bank and State Bank of India offer interest rates between 7 and 6.5 percent on tax-saving FDs.
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
ITR filing for FY 2023-24: A step-by-step guide to paying income tax using your credit card
Income tax filing: In today’s digital age, using a credit card to pay income tax can provide convenience and can help manage short-term cash flow concerns. Users can also earn rewards for using credit cards which can be redeemed for spends on travel, shopping and gift cards.
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
FDs for senior citizens: Private banks that offer interest rates of up to 8.10% on 3-year deposits
SBM Bank India, Yes Bank and IDFC First Bank offer interest rates ranging between 8.10 and 7.75 percent on three-year FDs for senior citizens.
BUSINESS
5 best debit cards designed to fetch you the travel benefits
International Travel Debit Card: Just like credit cards, choosing the right debit card can significantly enhance your travel and lifestyle experiences, allowing you to enjoy a world of offers and benefits.
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.
