If you credit score is over 750-800, most banks and housing finance companies will offer their best – that is, lowest – interest rates to you.
The bank will have to compensate in case of fire, theft, burglary, robbery, dacoity, building collapse, negligence by the bank, or fraudulent activity by its employees. The bank’s liability will be equivalent to 100 times the annual rent of the safe deposit locker.
The recent rule of 20% Tax Collected at Source has brought some relief as credit card spends on foreign spends are exempt from the tax up to a spend of Rs 7 lakh. But banks charge a foreign exchange markup fee when you spend abroad. These are the top Mastercard credit cards.
Axis Small Cap Fund - Direct (G)
Axis Small Cap Fund (G)
BOI AXA M & I Fund - Direct (G)
Invesco India Infra. -Direct (G)
BOI AXA M & I Fund (G)
|S&P BSE Smallcap||30162.66||147.84||0.49|
|S&P BSE Midcap||26803.15||218.61||0.82|
|S&P BSE Capital Goods||36966.55||235.17||0.64|
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The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.
International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.
The RBI has decided to withdraw the Rs 2,000 denomination banknotes from circulation. It encourages to deposit and/or exchange these banknotes on or before September 30, 2023.
With the travel season on, it makes sense to use credit card reward points and airline loyalty programmes. The only limitation is lack of choice for travel within India
Since there is a limit to the loan amount lenders can offer, home buyers will have to contribute 10-25% of the acquisition cost on their own. It is always better to invest early to build such a corpus. While doing so, there are certain dos and don’ts to be followed.