BUSINESS
How to draft a functionally sound power of attorney
A PoA helps to get your administrative work done with ease in case you fall ill, become too old to manage daily chores or live abroad and can’t visit India often
BUSINESS
DCB Bank, RBL Bank and Yes Bank offer 6.50% on tax-saving fixed deposits
Union Bank of India reduced the interest rate to 5.50 percent from 5.55 percent earlier
BUSINESS
Here are five banks that offer up to 7.25% interest on 3-year FDs for senior citizens
Smaller private and small finance banks top the FD interest rate charts.
BUSINESS
Experian India's Neeraj Dhawan flags the stress in consumer and personal loans
We see an increase in the 30 Days Past Due (DPD) bucket for consumer, personal and two-wheeler loans, says the MD
BUSINESS
Here are top five private banks that offer up to 6.75% interest on savings accounts
Newer and small private banks are offering higher interest rates on savings accounts to acquire retail customers
BUSINESS
Four changes that will impact your money from August
If you are ICICI Bank customer then make a note of the revised charges effective from August 1. The bank has revised cash transactions limits, ATM Interchange and cheque book charges for its domestic savings account holders.
BUSINESS
Here’s how much money you would have if you’d invested in Bitcoin in 2010
Bitcoin, like all other cryptocurrencies, is the most volatile investment around
BUSINESS
Bitcoin up 22 percent in last week. What should investors do?
If you intend to invest significant amounts in Bitcoins, you should use averaging strategies as no one can time the market
BUSINESS
Explained: All about HDFC Bank’s COVID Scholarship to needy students
The scholarship is offered to students who have lost either or both of their parents to the pandemic since January 2020, or students whose earning family members have lost their employment
BUSINESS
How to make the most of the festive sales offers from Amazon, Flipkart and Reliance Digital
Use cards of partner banks for additional discounts and cashbacks. Avoid shopping for stuff you may not use immediately and zero-cost EMI.
BUSINESS
Axis Bank acquires Citibank’s credit card business: Should you continue using your card, will your credit score be hit—all your questions answered
It’s important you migrate to a credit card that has equal or better rewards and offers. Also, your credit limit should remain the same or improve
BUSINESS
Now, you can lend and borrow cryptocurrencies. But are the risks worth it?
Cryptocurrency exchanges like Vauld and ZebPay allow lending and borrowing of crypto coins. You can generate annual returns of up to 6.7 percent on Bitcoin and Ethereum by lending these for a specified period
BUSINESS
Banks offer COVID-19 loans on easy terms: Should you opt for these?
A personal loan should be your last resort while borrowing. If you are in a tight financial situation, first try and tap your emergency corpus if you have one
BUSINESS
Short on money for overseas education? Here’s how you can raise funds
If your plans to study abroad hit a roadblock due to expenses incurred in treating family members for COVID-19, here are ways to raise funds for your education
BUSINESS
Education loans, quarantine costs and scholarships: All you need to know about studying abroad
Some banks cover the quarantine cost along with the education loan, based on the country and university to which you are headed
BUSINESS
Millennials and cryptocurrencies: A story of missed profits, hard lessons and losses
Many investors failed to take profits when cryptocurrencies rallied steeply. Others were taken off guard after RBI's action. In between, a few smart millennials made money as well.
BUSINESS
Unable to pay your holiday timeshare instalments? Your credit score could be hurt
Holiday timeshare companies reports payment defaults to the credit bureau. Negotiate for better terms or exit/transfer membership in case of financial constraints.
BUSINESS
Why retail investors must avoid non-fungible tokens
NFTs are too volatile, overpriced and investors need to spend a lot of time understanding digital assets in the first place.
BUSINESS
Your cash withdrawals and transactions at ATMs are set to get costlier: Here's why
The RBI has allowed ATM operators and banks to increase interchange fees, which will be passed on to bank customers
BUSINESS
Explained: After Bitcoin and other cryptos, now comes NFT
Non-Fungible Tokens or NFTs can be bought and sold, much like other assets on the exchanges, but they have no tangible form of their own. There are two parties involved: the creator of digital content and the buyer on the exchange
BUSINESS
Only half the deposit money lying with banks insured with DICGC: Should you worry?
On Wednesday, the cabinet cleared the DICGC Bill. RBI's annual report states that of the Rs 149.68 trillion of deposits, only Rs 76.21 trillion is insured. Many co-operative and local area banks haven't paid the insurance premium to DICGC for covering their deposits
BUSINESS
Want to reduce the risks of investing in Bitcoin, Dogecoin and Ethereum? Here are a few strategies from experts
Investing via SIPs, diversifying by buying a basket of cryptocurrencies and opting for index funds are some risk mitigation strategies
BUSINESS
How Shriram Housing Finance manages to maintain a higher home loan interest rate and still retains customers
Shriram Housing Finance's home loan interest rates start at 8.9 percent. In an interview with Moneycontrol, MD & CEO Ravi Subramanian says that the firm's foreclosure rates are around 9.5 percent per annum.
BUSINESS
Want to invest in Bitcoin, Dogecoin and Ethereum? Here's how you can dabble in cryptocurrencies
New crypto exchanges will have fewer investors and lower liquidity. Stick to those that have been around for some time and check the background of the core team
