BUSINESS
Are you a landlord or tenant? Here is an ideal way to make a solid rental agreement
A rental agreement should spell out rent payment dates, frequency, penalty if rent is late, and a clause that specifies rent increase.
BUSINESS
Women’s Day: Women borrowers witnessing highest growth in personal loan segment, says CRIF Report
The number of young women borrowers under the age of 35 years has continued to increase over the last three calendar years (from CY 2021 to CY 2023). Further, new-to-credit women borrowers are also contributing to the growth and showing responsible borrowing behaviour.
BUSINESS
Women’s Day: Women borrowers lead growth in gold loan segment as of Dec 2023, says report
Unlike other credit products that have stringent eligibility criteria, gold loan has a simpler application and disbursal process.
BUSINESS
NRO deposit rates: These banks offer up to 7.25% interest on 2-year deposits
Bank of India, ICICI Bank, and Axis Bank among others are some of the leading banks offering the best interest rates on NRO deposits with two-year tenure.
BUSINESS
YES Bank imposes minimum card usage to unlock domestic airport lounge access
Soon, to unlock complimentary domestic lounge access, YES Bank cardholders need to spend Rs 10,000 or more in a calendar quarter.
BUSINESS
Women’s Day 2024: 86% of working women desire to learn financial skills, finds survey
The key reasons for women not making investment decisions themselves are lack of confidence and limited understanding of financial instruments.
BUSINESS
Linking RuPay credit cards to UPI: What you need to know
In June 2022, the RBI allowed RuPay credit cards to be linked to UPI. No other credit card has this facility. According to banking experts, allowing other networks to integrate with UPI will broaden the scope of digital payments, fostering competition and innovation.
BUSINESS
Lifestyle and travel goals are top categories to save for spendvesting enthusiasts: Multipl report
Spendvesting promotes recurring investments in assets such as mutual funds and digital gold and caters to diverse lifestyle needs like travel, gadgets, home decor, vehicle, jewellery, insurance, education, etc.
BUSINESS
India doesn’t have enough bank lockers to cater to the rising demand: Aurm Report
Aurm, a provider of safe and accessible lockers, estimated that the gap in demand and supply is about 54 million lockers in top Indian cities, highlighting the need for secure and accessible lockers in the country.
BUSINESS
Restrictions on Paytm Bank to paying advance taxes, here's your guide to five key financial changes this March
From curbs on Paytm Payments Bank accounts to planning of investments to save taxes to paying advance taxes, a lot is happening this month. Here’s what to watch for.
BUSINESS
Home loan: What’s the difference between sanctioned loan and disbursed amounts?
Borrowers need not have to avail the entire sanctioned loan amount. If they opt for a lesser amount, that will be the disbursed amount. Which of the two amounts banks will use for calculating interest rate is what matters.
BUSINESS
Fixed deposits for senior citizens: Leading banks that offer interest rates of up to 7.75% on three-year deposits
Banks such as Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, SBI, among others are offering the best interest rates on three-year FDs for senior citizens.
BUSINESS
These banks offer interest rates of up to 7% on tax-saving FDs
Tax-saving bank fixed deposits is a popular instrument for those in the lower tax brackets and also who are closer to their retirement, for capital protection. Leading banks such as Axis Bank, HDFC Bank and ICICI Bank are offering the best interest rates.
BUSINESS
Four easy ways to avoid KYC and other banking frauds
The modus operandi of the fraudsters hinges on exploiting this sense of urgency and fear, coercing unsuspecting individuals into divulging sensitive personal information or login credentials, says Kaushal Sampat, Founder of Rubix Data Sciences.
BUSINESS
Tour operators woo women travellers with Holiday-Now-Pay-Later schemes. Should you opt?
Travellers with a good credit history are eligible to apply for 'Holiday-now-pay-later' schemes. It’s an unsecured loan product so interest rates are 20-30 percent per annum leading to higher interest payout in the loan tenure.
BUSINESS
A check-list to keep in mind when relocating to a new city for a job
Prepare a budget and stick to it, plan for big expenses, negotiate with your employer for a relocation allowance and company accommodation in the initial months, and re-evaluate your financial goals as well
BUSINESS
Up to 58% of home loan borrowers take Rs 10-50 lakh loans: Bank of Baroda study
As of September 2023, the home loan segment had the highest outstanding loans at 53.5 percent, followed by personal loans, vehicle loans, credit cards and consumer durable loans
BUSINESS
Three-year FD rates: These banks offer up to 7.25% interest on deposits
Bank of Baroda, SBI, and Union Bank of India among others are some of the leading public sector banks offering the best interest rates on three-year FDs.
BUSINESS
CBDC: Has RBI monetary policy injected a new life into the digital currency?
RBI Governor Shaktikanta Das said in his monetary policy speech that the Central Bank Digital Currency would be pre-programmed for specific use cases. Moneycontrol spoke with experts to glean insights into how this would work
BUSINESS
RBI Policy Impact on Home Loans: EMIs to stay unchanged as central bank holds repo rate at 6.5%
You could consider making part-prepayment of the loan out of your savings and investments. Just an extra few thousand every month can reduce your interest payout over the long term.
BUSINESS
Tokenisation flourishes with 68.5 cr tokens issued, says RBI official
In the last 15 to 18 months after implementing tokenisation, RBI has not seen any data breach or card data being compromised.
BUSINESS
Why pre-paying your housing loans early makes good financial sense
An increase of 5-10% in your annual EMI is enough to bring down your home loan interest costs by half. But pre-paying your home loan isn’t just about savings.
BUSINESS
Paytm Bank fiasco: Are your investments using Paytm Money safe?
Paytm Money is one of the biggest online platforms where investors can buy not just mutual funds, but also invest in equities and the National Pension System as well.
BUSINESS
Six key financial changes this February you need to consider
From evaluating the impact of interim Budget 2024 to start planning of investments to save taxes to subscribing to a new tranche of Sovereign Gold Bond which opens in February and diversifying the overall portfolio, a lot is happening in February. Here’s what to watch for.
