BUSINESS
Armed forces personnel must secure their finances for a comfortable retired life
In addition to provident fund, have an exposure to equities early in your career for long-term wealth creation so that you do not have to diminish your corpus for one-off expenses like weddings and a child’s higher education.
BUSINESS
Online shopping sites and physical store line up Festive Sale offers: Four smart shopping tips to make the most of it
This festive season, before you shop, understand whether it's a need or a desire to purchase, take a step to save now and buy later, do the math behind deep-discount schemes offered, and more suggestions.
BUSINESS
Bullets to Budgets: A retired colonel who learnt from his mistakes and now helps defence personnel with financial planning
Sanjeev Govila is a retired colonel who studied financial and investment planning and now runs a firm called Hum Fauji Initiatives that exclusively helps the armed forces in financial planning.
MCMINIS
What must be included in a rental agreement?
BUSINESS
Home loan EMIs set to rise: Four strategies to reduce your home loan burden
Additional EMI and lump-sum prepayments can reduce interest outgo, loan tenure
BUSINESS
RBI hikes repo rate by 50 bps: EMIs to shoot up for borrowers, interests to rise for depositors
Typically, when interest rates goes up, banks tend to extend loan tenure and not EMI first, pushing up the interest outgo for home loan borrowers significantly over long tenures of 15-30 years
PERSONAL-FINANCE
Short-Term FD Rates: These banks offer up to 6.60% interest on three-year FDs
Several banks have sharply hiked interest rates on fixed deposits across tenures after the Reserve Bank of India raised repo rate by 90 basis points in May-June this year.
BUSINESS
Independence Day | Five credit cards that make online shopping more rewarding
While shopping during Independence Day and the festive season, spend smartly and responsibly. These cards have also been arranged according to the least annual fees.
MCMINIS
How to deal with costlier home loans?
MCMINIS
Should you stand as a loan guarantor?
BUSINESS
Five important money matters that need your attention this August
RBI’s monetary policy announcement, penalties for belated income tax returns, smart shopping tips, penalties on premature withdrawal of fixed deposits — there is a lot happening in August. Here is what you need to watch out for.
BUSINESS
This is the best way to carry forex while travelling abroad
If you’re thinking of using your debit or credit cards overseas, think again. Moneycontrol presents you with some sound options that will keep your money safe and save you a pretty packet. Read on to find out what they are.
BUSINESS
Independence Day weekend coming up: These credit cards will help you plan your holidays better
Among the credit cards aimed at the traveller are those that have tie-ups with travel portals. These can be used to plan your tickets and hotel stays, and often offer benefits like gift vouchers and discounts.
BUSINESS
High returns, but watch out for credit risks in corporate FDs
Corporate fixed deposits offer higher interest rates compared to bank fixed deposits. But, there is a risk of default in low-rated FDs. So, check the ratings assigned and company financials before investing.
BUSINESS
Advantage NRIs: These private banks offer up to 6.60% interest on NRO deposits
Against the backdrop of the RBI's repo rate hikes and depreciating rupee, smaller and new private banks are offering higher interest rates on non-resident deposits
MCMINIS
What is a home improvement loan?
BUSINESS
Does a Rupee travel card work out better than a forex card?
A Rupee travel card is a new innovation that new-age banks offer, as your foreign travel companion. No need to buy expensive forex anymore. But convenience and charges don’t quite match up to a forex card, just yet.
BUSINESS
Tax-Savings FD rates: These bank fixed deposits give you up to 7.4% interest
Several banks have sharply hiked interest rates on tax-saving fixed deposits after the Reserve Bank of India raised repo rate by 90 basis points in the last couple of months.
BUSINESS
Liveboundless review - Stashfin launched lifetime free credit card for Women
Neobank Stashfin has launched a new credit card, called #Liveboundless, for women. Lifetime free card, it charges annual interest rates between 11-60% depending on your credit behavoir. A review
MCMINIS
What is a Rupee-denominated card?
BUSINESS
Are you a new-to-credit customer or having low credit score? Here are some secured credit cards offered by banks
The FD acts as a security to the bank that issues the credit card. A lien is marked on the FD until the credit balance is settled. In case the cardholder defaults on payment, the FD is used to settle dues.
MCMINIS
What is a customisable credit card?
BUSINESS
Review: AU Small Finance Bank allows you to design your own credit card, but at a cost
AU Bank’s all-new LIT credit card is aimed at millennials and first-time card users. But every features offered comes at a price. It pays to know your spending pattern, thoroughly
MCMINIS
Are student loans from foreign fintech firms a good idea?
