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
BUSINESS
Gift your kid a savings account this children’s day
This account is to be opened with the primary intention of educating children about the importance of saving and investing
BUSINESS
Steps to transfer your PPF account to a different bank or branch
The PPF can be transferred across the country and the account can be moved across bank branches and post offices
BUSINESS
Demonetisation: Digital payments, wallets on the rise; but cash is still king
Using digital methods for payments was a compulsion after demo, but has now become a habit for many
BUSINESS
Post-demonetisation digital payments spike: Do positives outweigh privacy concerns?
Four experts from different areas of expertise give their take on whether the thrust on digital transactions post demonetisation helped consumers.
BUSINESS
Withdrawing money? Follow these steps to keep frauds at bay
Customers, especially senior citizens, must take several precautions while taking out cash from their bank accounts
BUSINESS
BHIM 2.0 takes on Google Pay and PhonePe with fresh add-ons
Increased transaction limit, an option of applying for IPOs, linking multiple bank accounts, offers from merchants, a donation gateway and three additional regional languages are new additions
BUSINESS
There is no question of inducing customers to a perpetual freebie culture: Paytm Money
In future, we are planning to cross-sell services such as loan against mutual funds and loan against securities to investors on our platform and earn money
BUSINESS
Why browsing on MS Dhoni and Sachin Tendulkar could put your device at risk
Protect your personal information and passwords while searching online for your favourite celebrities.
BUSINESS
PMC Bank Crisis: How you can withdraw more for special needs
Depositors can withdraw more money for needs such as marriage, medical emergencies and education expenses
BUSINESS
Repo-linked loans:Want lower rates? Improve your credit score
A borrower should maintain a credit score of 760 and above throughout the tenure of the loan to get lower interest rates
