BUSINESS
Budget 2020: Not all account holders gain from a higher deposit cover
The onus of paying insurance premium is on the bank
BUSINESS
Budget 2020: India’s deposit coverage per capita compares favourably to that of developed economies
Deposit insurance coverage as a ratio of per capita income is now 4.1 times
BUSINESS
Home loans with EMI waivers: Should you go for them?
If you see your income rising periodically, a scheme that allows pre-payment is always better
BUSINESS
We ensure protections against fraud attacks, faster identification and suspension of fraudsters: Google Pay
Do not reveal personal, banking or UPI login details to anyone on call, no matter how convincing they sound
BUSINESS
Home loan application: How to improve the chances of approval
Apart from our salaries, it would be wise to club other sources income while making a case before the bank
BUSINESS
Secure credit and debit card usage: How RBI's new directives help customers
These are good steps towards curbing card frauds and unauthorised transactions
BUSINESS
SBI’s new home finance scheme: Should you go for it?
The scheme is intended to be a confidence-booster for prospective home-buyers spooked by concerns around under-construction projects being abandoned
BUSINESS
Got your first job? Follow these steps to have a balanced money life
Enjoy your financial freedom. Do Spend. But save something for the rainy day as well
BUSINESS
How RBI’s MANI app for the visually challenged helps identify currency denominations
A visually challenged person can scan and identify the denominations by checking the front or reverse side of a currency note, including folded notes
BUSINESS
Be ready to pay for loading your Paytm wallet through credit cards
Effective January 1, 2020, Paytm has started charging a fee of two percent if you load your wallet in excess of Rs 10,000 using a credit card during a month
BUSINESS
Defaulted on loans? Follow these steps to get out of a debt trap
In case you default on loans or foresee such a possibility, the first step is to work closely with your financial planner and find a solution
BUSINESS
2020 to usher in lower EMIs for SBI’s home loan customers
You can decrease the EMI and keep the loan tenure unchanged. The other alternative is to reduce your loan tenure and keep the EMI unchanged.
BUSINESS
How to invest in MFs using the UPI
You can invest a lump-sum in an existing or new scheme
BUSINESS
ICICI Bank’s Smart EMI: Only for those who compulsively change car models frequently
After completing five years, in case you decide to buy the car then you need to arrange for a balloon repayment – a large lump-sum
BUSINESS
Banks and fintech wrap 2019: Repo-linked loans, PSB mergers, digital payment boom and PMC Bank crisis
With loans being linked with repo-rate, when interest rates decline, your loan rate will also decrease correspondingly
BUSINESS
Dear couples: Discuss money matters to avoid post-marriage financial mishaps
Disclosing all the assets and liabilities prior to the wedding keeps the surprises away
BUSINESS
Personal and consumer durable loans have surged due to instant credit offered by fintechs: Experian
We have seen borrowers taking multiple loans for specific needs such as travel, lavish marriage, medical emergency, etc.
BUSINESS
RBI allows lenders to finance larger amounts on P2P platforms
However, a lender cannot give more than Rs 50,000 to the same borrower across all P2P platforms, at any point in time.
BUSINESS
RBI’s move to issue prepaid instruments, a fillip to cash replacement and digital transactions
A PPI is issued with the backing of a bank as the sponsor. The amount can be loaded in a new PPI only
BUSINESS
The new mAadhaar app: A mobile identity while using multiple services
You can carry out a paperless know your customer (KYC) process using the Aadhaar eKYC service
BUSINESS
Avoid fintech education loans, as banks charge less and offer better terms
Fintech start-ups charge higher interest than banks. Also, these education loans from banks are eligible for tax benefit.
BUSINESS
Pensioners can submit their life certificates online or in paper format
There are multiple ways for pensioners to submit their life certificate and can choose what is convenient.
BUSINESS
How you can nominate EPF beneficiaries online
You can nominate more than one person and also fix the share for each nominee online
BUSINESS
‘This is the best time to switch from MCLR to repo-rate-linked home loans:’ Bank of Baroda
If a borrower improves her credit score by repaying loans on time regularly, the risk premium will go down
