BUSINESS
Citi consumer business is now Axis Bank property: What changes for customers
Axis Bank is likely to make efforts to ensure that the transition is smooth for erstwhile Citibank customers. But home loan borrowers and credit card holders, in particular, will have to brace up for key changes.
BUSINESS
Low annual fees and good value: 5 cards that top the list
Most of the low annual fee credit cards offer benefits in the form of cashback, reward points, discount and co-branded benefits with popular merchants.
BUSINESS
Everything you need to know about the UPI-PayNow interlinkage facility
To begin with, a few banks have been selected from India and Singapore. Customers of these banks will be able to undertake cross-border remittances. At present, there is a daily limit of Rs 60,000 (around SGD 1,000).
BUSINESS
FD rates go up: These banks offer up to 7.85% interest on three-year fixed deposits
The interest rates on FDs offered by public sector banks are not as competitive as rates offered by private and small finance banks.
BUSINESS
Despite rate hikes, home loan demand up in Rs 30-50-lakh, Rs 50-75-lakh segments
Repo rate hikes have been passed on to home loan borrowers, which have led to a significant increase in EMIs ranging from 10-25 percent, says Amit Diwan, Chief Distribution Officer, IMGC
MCMINIS
Gifts to ensure your Valentine's financial security
BUSINESS
Valentine’s Day: How newly-married couples can start talking money, together
Marriage is a new beginning, and for most couples discussing money may not be a priority. However, timely handling of money matters will help avoid future conflicts.
BUSINESS
Senior Citizens FD rates | Private banks that offer up to 8.35% interest on three-year FDs
Despite some boosts to the existing senior citizen's schemes, senior citizens should invest a part of their savings in FDs which offer liquidity and ensure interest income periodically.
MCMINIS
RBI rate hike: Should you switch to a new home-loan provider?
BUSINESS
Increase home loan EMIs or tenure: What should borrowers do?
Existing home loan borrowers have two options to cope with rising interest rates. Increasing the tenure doesn’t burden your monthly outgo, but banks might not allow it if the repayment period goes past your retirement age
BUSINESS
Budget 2023: All you need to know about Mahila Samman Saving Certificate
FM announced a new one-time small savings scheme for women in the Union Budget.
BUSINESS
Beyond Budget: Five changes in the financial landscape this February you need to consider
From a likely increase in the repo rate to a shorter settlement cycle for equity mutual fund investments to credit card changes along with the tax planning exercise, a lot is happening in February. Here’s what to watch for.
BUSINESS
Don't lose hope in case of a job loss. Here's how to keep money troubles away
Job losses are tough to deal with as your regular income stops. But some smart moves can help you sail through. Whatever you do, do not stop your EMIs. And don’t touch your EPF and PPF.
BUSINESS
Tapping an app for a loan? Beware of these fraud traps
If you are applying for a loan from a digital lender, know the multiple risks involved. Before installing the digital lending app read user reviews, know the charges and terms.
MCMINIS
Is your online lender a fraudster?
BUSINESS
Tax-Saving FDs: These banks offer up to 7.6% interest rate
Tax-saving bank fixed deposits give Section 80C tax deduction benefits up to an amount of Rs 1.5 lakh. But these FDs come with a 5-year lock-in. Smaller private banks and small finance banks top the FD interest rate charts on tax-saving deposits
MCMINIS
Checklist for an education loan
TRENDS
Going on an international holiday? These credit cards offer best discounts on flights and hotels
Credit cards with travel related benefits are popular among those flying frequently on international vacations or business trips
BUSINESS
Zero-markup credit cards do not guarantee best forex rates: BookMyForex’s Sudarshan Motwani
Up to 90 percent of your travel money should be in the form of cards if you’re travelling to destinations where acceptance of digital payments is high, says Sudarshan Motwani, Founder and CEO, BookMyForex.
BUSINESS
What is a home loan overdraft facility?
BUSINESS
RBI rate hikes bring cheer to depositors. These savings accounts pay up to 7.5% interest
From Ujjivan to Bandhan Bank, small finance banks and new private banks have been offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers.
BUSINESS
RBI rate hike: Borrowers stare at higher EMIs, reduced eligibility; depositors stand to gain
Existing home loan borrowers may see EMIs rising as there is not much room for loan tenures to increase. On the other hand, they may gain from a likely rise in fixed deposit rates
MCMINIS
What factors matter in a loan against property?
MCMINIS
What's the minimum amount due on a credit card?
