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
BUSINESS
RBI’s push for digital payments: Soon your mobile wallet will double up as your bank account
The RBI has allowed NEFT and RTGS transactions via mobile wallets and made them interoperable.
BUSINESS
Why 'holiday now pay later' schemes may be loan traps
‘Holiday now, pay later’ scheme introduced by SOTC-Thomas Cook may sound convenient. But, if you default to pay instalments your credit score will take a hit
BUSINESS
Auto-debit of credit card: RBI extends timeline and an alternative option to it
RBI has decided to extend the timeline for additional factor authentication on recurring payments using the cards till September 30, 2021. The alternative options to auto-debit on card are transacting through BillDesk or Bharat Bill Payment System.
BUSINESS
Your money calendar for 2021-22: Keep your dates with investments, taxes and money box
Moneycontrol’s annual money calendar lets you keep your dates with investments, income-tax filing, paying your insurance premiums on time and reminds you to go on a holiday, once in a while
BUSINESS
Junio money app: A children’s savings bank account is a better way to monitor how your kid spends
The Junio app comes with a charge card backed by RBL Bank and Mastercard. A bank account can help you teach your kid a lot more about savings and financial products.
BUSINESS
Money lessons to learn from one year since COVID lockdown
The importance of having a health insurance cover and an emergency fund has been realised. Switching lenders to reduce EMIs is another key lesson
BUSINESS
Home loan interest rates unlikely to fall any further: Godrej Housing Finance
Manish Shah, MD & CEO, says that the more credit worthy a customer, the lower will be the home loan interest rate offered
BUSINESS
Explained: All about the UPI-Help feature to raise payment complaints online
SBI, HDFC Bank, ICICI Bank and Axis Bank have enabled the UPI-Help feature for their customers
BUSINESS
Vehicle scrappage policy: Leasing is a cheaper option than buying a car on loan now
Cars that are over eight years old would have to go for a fitness test. A green tax of 10-25 percent would be charged every time you renew the fitness certificate. Maintaining a car would more expensive now
BUSINESS
How women can make the most of lower rates on home loans and stamp duties
Even a small concession on home loan interest rates will add up to a huge sum over a 15-20-year period. Registering a property in the name of a woman will help in saving significantly on stamp duties.
BUSINESS
Explained: How to reactivate your dormant MobiKwik, Paytm and Freecharge mobile wallets
An e-wallet is considered inactive if there are no transactions made through it for a year. Some firms may levy maintenance charges in inactive accounts
