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
BUSINESS
Bank fixed deposits with free insurance cover: There's devil in the fine print
Banks like HDFC Bank, DCB Bank and ICICI Bank have started to offer fixed deposits with a free term insurance cover. But aside from short tenures, the covers stop the moment you withdraw prematurely from the FD
MCMINIS
How Indians prefer to pay for big transactions
BUSINESS
How separating couples must fix their money matters after divorce
Spouses must plan for paying alimony. Those who receive a sudden gush of cash settlement must wait and invest the amount carefully.
BUSINESS
RBI amends KYC norms: Here's what bank customers must know
Video KYC, will now be considered on par with the face-to-face customer identification process
BUSINESS
Mother's Day 2021: Money lessons woman finance leaders and their moms learnt from each other
Many of us may be financially independent now, but most of us owe our first financial lessons to our mothers
MCMINIS
The most wanted loans by first-time borrowers
BUSINESS
RBI relaxes KYC norms till end of year: Here’s what bank account holders must know
The central bank has indicated that no punitive restriction on operations of customer accounts shall be imposed by banks till December 31, 2021. Account holders are expected to update their KYC during this period
BUSINESS
Explained: All about making safer online transactions with virtual cards
Virtual cards offer several layers of protection that make them immune to frauds
BUSINESS
How CIBIL and Experian score first-time loan applicants
Your employment profile and social media accounts are checked by financial institutions to assess your credit risk levels
BUSINESS
Axis Bank hikes cash withdrawal and SMS charges: All that you need to know
The bank is increasing charges for non-maintenance of minimum balance, cash withdrawal and SMS alerts
BUSINESS
Once passed, the Personal Data Protection Bill will make companies more answerable for lapses: EY
Mukul Shrivastava of EY gives his take on the how the new bill will help users when it is passed by parliament. He also gives valuable suggestions to keep your online money transactions safe
BUSINESS
Gone bankrupt and unable to repay loans? Know how to file for insolvency
A salaried borrower can seek initiation of insolvency and bankruptcy proceedings on outstanding debts in the event of her inability to repay loans
BUSINESS
COVID-19: Money lessons for the third wave caused by Omicron variant
Having an emergency fund, maintaining a suitable asset allocation and taking adequate insurance cover are money lessons that have been reinforced
