BUSINESS
Looking out for an international scholarship? Here's how to maximise your chances
Before applying for a scholarship, it’s important to build a strong profile, do in-depth research on options available for scholarship, apply early and search for alternative options to get the scholarship. Most importantly, do not make fake or inflated claims while applying for one.
BUSINESS
TransUnion CIBIL study: More than 160 million Indian consumers are credit underserved
Credit cards and instalment-based credit schemes such as Buy-now, Pay-later are the most commonly used credit products by the underserved consumers
BUSINESS
Yes Bank’s floating rate FD aims to benefit from interest rate hikes. Should you invest?
Individuals with a preference for FDs can hold 40 percent of their savings in floating-rate FDs and the remaining 60 percent in traditional fixed-rate FDs.
BUSINESS
Select banks raise savings account interest the most after RBI hikes repo rate
Small and new private banks are offering higher interest rates on savings accounts compared to leading private and public sector banks to acquire new retail customers
BUSINESS
MC Explains: How tokenisation makes your credit and debit cards safer
Tokenisation replaced a debit or credit card’s 16-digit number with a unique token that is specific to just your card and specific for one merchant at a time. The token masks the true details of your card, so in case there is a data leak from the merchant website, the fraudster cannot misuse the card
BUSINESS
Are you a big spender using a credit card? Well, here are the best cards with milestone benefits
Affluent spenders using credit cards must have a disciplined approach. They must avoid overspending to achieve milestones, bonus rewards, and waiver on annual renewal fees.
BUSINESS
Planning to apply for foreign education loan? Know the do’s and don’ts
Financial institutions process education loan applications after evaluating the admission letter because education loan amount varies with the country, program you have applied for, university offering the admission and several other factors.
BUSINESS
How RBI's repo rate hike has pushed these private banks to offer up to 6.75% interest on savings accounts
Smaller and new private banks are offering higher interest rates compared to leading private banks
MCMINIS
Crypto crash: What investors should do?
BUSINESS
Crypto crash leaves investors in a tizzy. What should be your next move
They had a phenomenal rise in 2021-22, but Bitcoin, Ethereum and other cryptocurrency prices have since crashed. Savvy investors can adjust to this volatility, but new ones, who took a fancy to cryptocurrencies because of their past returns, have their work cut out.
BUSINESS
Online shopping, travel, dining: Best credit cards for millennials
Millennial customers should use the credit cards smartly and responsibly. Avoid overspending to earn bonus points and to waive off annual renewal fees.
BUSINESS
RBI raises rate: Part-prepayment, higher EMI to keep your home loan interest outgo in check
Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan
BUSINESS
E-mandate limit for recurring card payments hiked to Rs 15,000: What it means for users
Increase in the e-mandate limit will help users leverage benefits available under the framework to a greater extent and enhance customer convenience.
BUSINESS
RBI Monetary Policy | Borrowers to see a steep hike in EMIs, interest burden
For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted
BUSINESS
Studying abroad? Be aware of these 5 additional costs linked to your education
First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.
MCMINIS
Should you shift from MCLR to repo-linked loans?
BUSINESS
As private sector bank rates on three year FDs for senior citizens go as high as 7.1%, is it time to invest?
FDs offer liquidity and ensure interest income periodically
MCMINIS
What is a Masked Aadhaar Card?
BUSINESS
What not to do with your Aadhaar number
Do not share Aadhaar copies indiscriminately, use masked Aadhaar or virtual ID for opening bank accounts, buying insurance policies to prevent misuse
BUSINESS
Making the right moves: Things to keep in mind before relocating
Before relocating to a new city, make a budget sheet, consider major expense heads, arrange the necessary funds and plan for intangible expenses as well
BUSINESS
RBI's repo rate hike effect: Private banks offering as high as 6.25% on one-year fixed deposits
Several private banks have hiked interest rates on fixed deposits for one year tenure after the Reserve Bank of India raised the repo rate by 40 basis points this month
BUSINESS
SEBI proposes banning celebrity promotion of cryptocurrency: Know how Salman Khan, Ayushmann Khurrana, Ranveer Singh and others endorsed it
A big lesson for investors, who fell for flashy crypto advertisements by their favourite Bollywood celebrities last year, is to do their own research and not follow the herd
BUSINESS
When crypto prices fall, Ayushmann Khurrana, Disha Patani, Ranveer Singh are of little help
In 2021, many celebrities, including Bollywood stars, advertised cryptocurrencies, on the back of a bull-run in virtual currencies. But since November 2021, crypto prices have seen a massive crash leaving retail investors high and dry, especially, those taken in by the celebrity advertisements.
TRAVEL-TRENDS
Not planned your summer holiday yet? 5 hacks to bring your last-minute travel costs down
Planning a vacation at the last moment can make your holiday costly. A little bit of control on your budget and smart planning, like visiting an offbeat destination, can lower your travel costs significantly
