BUSINESS
BoB's One credit card is revising charges. Here are the details
Bank of Baroda has increased the charges on overlimit fees, late payment charges and interest rate on unpaid dues of OneCard credit card effective June 23.
BUSINESS
Loan against property: HDFC Bank, State Bank of India and Indian Bank offer the lowest interest rates
HDFC Bank, State Bank of India and Bank of Baroda offer interest rates ranging between 9.50 and 10.85 percent on a Rs 15 lakh loan against property for a 7-year tenure.
BUSINESS
Swiggy HDFC Bank Credit Card revises cashback structure: Here are the details
Effective from June 21, any cashback you earn will reflect in your credit card statement, rather than appearing as Swiggy money cashback on the swiggy app.
BUSINESS
Foreign education loan: How to get the best deal
Study Abroad: You should have a strong academic record and a confirmed admission letter from a recognised university to strengthen an education loan application for studying abroad. Avoid giving false information in the application form to process the loan. These can cause rejection of the education loan.
BUSINESS
HDFC Bank’s Pixel Play credit card: So, you can customise this; but is it worth it?
The card offers the flexibility to choose spend categories to maximise rewards. However, the drawback is that only select merchants are available. And the interest is usuriously high.
BUSINESS
Education loans for overseas studies: Indian Bank, Union Bank and Bank of Baroda offer the cheapest interest rates
Indian Bank, Bank of Baroda, ICICI Bank and Canara Bank offer interest rates between 8.6 and 10.85 percent on an education loan of Rs 50 lakh for a tenure of seven years.
BUSINESS
Travelling abroad to study? Here are the best ways to carry forex
While travelling abroad for higher studies, you can opt for multi-currency cards. Look for a forex card with zero markup on transactions in the base currency. It’s also advisable to carry 10 percent of your funds in cash for small purchases, especially in the early days.
BUSINESS
Studying abroad? Beyond college fees, here are 5 additional costs you should budget for
While planning and budgeting for studies in a foreign country, it's crucial to factor in a range of expenses beyond your course fee. Read on to find out what they are.
BUSINESS
Planning your summer holidays? Here are five credit cards offering travel goodies
Credit cards with travel benefits offer airport lounge access, discounts on travel-related purchases, and rewards or air miles that can be redeemed against flight bookings.
BUSINESS
New credit card allows you to spend on Mastercard, UPI-linked Rupay. A Moneycontrol review
YES Bank and Anq have launched a co-branded card that gives you a physical card based on Mastercard and a complimentary, virtual add-on card on Rupay network. You can earn and accumulate gold based on the reward points you accrue.
BUSINESS
Corporate FDs offer up to 8.60 % interest. Do you have any?
Corporate fixed deposits offer higher interest rates compared to public sector banks and major private sector banks. However, low-rated deposits carry the risk of default. So, depositors should carefully study the ratings assigned by rating agencies while zeroing in on such fixed deposits.
BUSINESS
Rising gold prices have led to more gold loans: Shripad Jadhav, Kotak Mahindra Bank
Being a secure product, the interest rate on a gold loan can be lower than that for a personal loan, making it a more attractive proposition for a borrower.
BUSINESS
Cheapest car loans: Banks that offer the best deals this Akshaya Tritiya
This Akshaya Tritiya, Union Bank of India, State Bank of India, and ICICI Bank offer best car loans at interest rates between 8.70 and 9.10 percent on loans of Rs 10 lakh with a four-year tenure
BUSINESS
Safety and high returns: Banks that offer up to 7.25% interest on 3-year FDs
Bank of Baroda, Axis Bank and HDFC Bank offer interest rates between 7.25 and 7 percent on three-year FDs.
BUSINESS
New KYC rules, hike in savings account charges and more: 5 money rules coming up in May
ICICI Bank and YES Bank have revised fees on savings account services, effective May 1. YES Bank and IDFC First Bank have introduced a surcharge on utility transactions made using credit cards.
BUSINESS
RBI’s diktat on Kotak Mahindra Bank: What should existing customers, fresh loan and credit card applicants do?
The bank will continue to provide services to its existing clients, including credit card customers. But if you have applied for a loan or to open an account online just before the RBI’s action, you need to check the status of your application. You might have to move your loan or account opening application to a branch channel, which could lead to a delay in the process.
BUSINESS
ICICI Bank app glitch exposes credit cards: What customers should do
The glitch was due to 17,000 new credit cards which were issued in the past few days were erroneously mapped in their digital channels to wrong users. To be on a safer side card users should block the card and replace it; this will provide some relief.
BUSINESS
Funding your dream vacation - Some options, their pros and cons
The trend of borrowing money to fund vacations can weigh heavily over the years. The better option may be to look for ways to boost income, create additional avenues for income or create a corpus via recurring deposits or savings schemes. This will be easier than schemes that bear the burden of high interest rates.
BUSINESS
SBI Card launches 3 credit card variants in travel category with SBI Card Miles
SBI Card MILES users can convert travel credits to air miles and hotel points with card partners. Users get accelerated rewards on every travel booking, and airport lounge access, among other benefits. The annual charges for the card start from Rs 1,499 and go up to Rs 4,999, before tax.
BUSINESS
Loan against securities: Punjab National Bank, IndusInd Bank offer the cheapest interest rates
The loan against securities lowers your interest burden substantially as it is a secured low-cost loan. Punjab National Bank, Yes Bank and Bank of Baroda offer interest rates between 9.25 and 9.90 percent on loan against securities of Rs 1 lakh for a 12-month tenure
BUSINESS
Planning to study abroad? Here's how to maximise your chances of winning a scholarship
Education counsellors advise students to be realistic and truthful when applying for scholarships. Scholarship panels consist of experts who can sniff out a hyped or fake profile from a mile.
BUSINESS
The new Axis Bank Shoppers Stop credit card: Key details to know before you apply
This co-branded credit card offers accelerated rewards on shopping, coupled with the convenience of fuel surcharge waivers, dining privileges and many more. The joining fee for this credit card is Rs 500 plus applicable taxes.
BUSINESS
Cryptocurrencies still draw Gen Z and Millennials: Mudrex Survey
The survey, featuring 8,976 people across the country, found that 45 percent had invested in cryptocurrencies as part of their long-term retirement plans. Financial advisors, however, say investors should limit their investments in cryptocurrencies to the bare minimum and not depend on them for their retirement.
BUSINESS
RBI directive on Annualised Percentage Rate: Retail borrowers can now know real interest cost of their loans through ‘Key Facts Statement’
Key facts statement is a simple, easy-to-understand summary covering all key terms of as also the fees and charges related to the loan. It should be written in a language understood by the borrowers, the RBI said in a directive.
