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?
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.
