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Mastercard ban: RBL Bank restarts credit card issuances with rival Visa

RBL Bank said it signed up with Visa on July 14 itself, and the technology integration was achieved in record time to restart new issuances.

BuyUCoin says up to 1800% returns in its crypto SIP in Bitcoin, ETH, LTC, LINK, DOT. Should you invest?

Cryptocurrency exchange BuyUcoin today announced the launch of a diverse SIP plan for the Indian crypto investors with an option to invest across more than 10 crypto assets.

crypto sip

Passive vs Active Mutual Funds: Which is better for investment?

Passive Mutual funds are in the news these days. Even stock trading platforms like Zerodha and Angel Broking are reportedly planning to enter the asset management business by focussing on passive inve

active vs passive mutual fund

Holding multiple health covers? Here is how cashless and reimbursement claims work

If the amount to be claimed exceeds the sum insured under a single policy, the policyholder has the right to choose the insurer from whom he or she wants to claim the balance amount.

how cashless and reimbursement claims work

Covid-19 Impact: Household debt seems to have doubled in 2021 from 2018 levels, says SBI report

Household debt as a percentage of GDP has declined to 34% in Q1FY22 with the commensurate rise in GDP in Q1, though it has increased in absolute terms.

Your Queries: Income Tax – Declare interest from post office savings account, PPF, MIS in ITR

A taxpayer is required to disclose income from all sources while filing an ITR, even if deduction/ exemption is available regarding such income. So you must disclose interest from savings account, PPF

Consequently, if you receive gratuity, 1/3rd of the corpus shall be tax exempt.

Tax Talk: How to calculate tax on your property

While the appreciation in value of property is taxed at the time of sale as capital gains, concurring rental benefits are taxed on yearly basis in the hands of the owner.

Mutual funds: Know the link between size of AUM and returns

When a fund is smaller, it can take advantage of some smaller opportunities. Again, small-sized mutual funds have less competition from the big funds when searching for bargain-priced companies

Digital experiences to transform India’s digital payments

The pressing need for carrying out contactless transactions meant these capabilities emerged as an essential service as opposed to a lifestyle technology for the urban Indian.

Covid-19, contactless payment, digitisation, digital payment, cash is king, Embedded payment, internet users, financial institutions, Artificial intelligence, Fintechs

Buy now and pay off in 3 months without any interest – Here is how

Borrowers will get the option of choosing to split the payments into 3 parts or pay in the same month and enjoy additional cashback.

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Embedded Finance: Making loans available to new-to-credit rural customers

Rural credit seekers continue to reel under the high interest rates and unfair practices despite the increase in access to technology.

Embedded Finance, loans, new-to-credit rural customers, banks, rural India. MasterCard, Financial Literacy Index, financial inclusion

How to improve your credit score fast

If an individual’s CIBIL score has been falling, they might have taken financial decisions that have dented their score. To fix that, he/she first needs to understand what has affected the score.

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Mutual Funds investor? Tata Capital is offering Rs 5 lakh to Rs 2 crore online loan against portfolio

Tata Capital Ltd today announced the launch of ‘Loan Against Mutual Funds’ (LAMF). Under this completely digital initiative, customers will be able to get quick and hassle-free loans ranging from

loan against mutual funds online

India ranks 54th globally in home price appreciation: Knight Frank

The Global House Price Index report tracks the movement of mainstream residential prices across 55 countries and territories worldwide.

Make instant, low cost money transfers from India’s UPI to Singapore’s PayNow from 2022

UPI-PayNow linkage is in line with RBI’s vision of reviewing corridors and charges for inbound cross-border remittances

money transfer

SBI Platinum Deposits special offer to end today! Check details

One may invest in SBI Platinum Deposit through SBI branches, Internet Banking of SBI Online and through YONO channels.

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Your Queries: Loans – You need to submit proof of renovation for top-up home loan

Even if the loan is transferred to a new service provider, the construction period will remain the same as eight years, being more than five years, the prior-period interest will not be eligible for d

Yes, personal loans are no-security loans, hence expensive. If you have any financial assets, like shares /mutual funds/ LIC policy (traditional)/bank FD, you may consider taking a loan against such an asset.

Your Money: Insurance – Peace of mind and tax benefits, too

Section 80C includes an exhaustive list of investments on which you can claim tax deduction while filing for your taxes. Some of these are Employee Provident Fund, Public Provident Fund, life insuranc

Systematic transfer plan: Know when STP is a better investment strategy

STP suits investors who have a lumpsum amount in their hand and like to take advantage of cost averaging and volatility

IRDAI permits insurers to sell short-term Covid policies till March 2022

Amid rising number of coronavirus cases in the country, IRDAI had last year asked all insurance companies to come out with 'Corona Kavach' policies (standard indemnity based health policy) and Corona

IRDAI on Covid policies

Safeguarding e-Rupi from misuse: The challenges ahead

A successful implementation of the e-Rupi would not only curb black money, but would also ensure documentation of spending the currency as well.

E-RUPI, payment system, digital payment instrument, Transaction transparency, central bank digital currency, CBDC, Reserve Bank of India, RBI, physical currency

The future of credit against gold: Fintech Startups revolutionising digital lending against gold assets

The credit off-take of industrial borrowers dipped owing to the global pandemic but has gone up. Thanks to tech-driven financial platforms, lenders can now take the gold loan to a customer's doorstep.

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RBI alert! Beware of frauds in the name of KYC updation. Check how you may be fooled

The Reserve Bank of India (RBI) today cautioned people against frauds being conducted in the name of KYC updation.

RBI

How does your employment status affect your personal loan eligibility?

Since personal loans are primarily unsecured loans, lenders often look for a regular and stable source of income to ensure timely repayment of the loan.

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Improved affordability, rebound in domestic tourism drive demand for second homes

A recent survey carried out by Savills India has revealed that owing to a variety of reasons the second home market in the country is poised to witness high traction in the near term.

Atal Pension Yojana: Instant bank account verification to make premature exit easy

Atal Pension Yojana Exit and Withdrawal Rules: The Pension Fund Regulatory and Development Authority (PFRDA) has proposed to introduce instant bank account verification

atal pension yojana exit rules

New vs Old Tax Regime for ITR filing (AY 2021-2022): What should salaried employees choose?

New Income Tax Regime vs Old: The choice of beneficial option between the old tax regime and new tax regime depends upon the composition of the nature of income of the taxpayer as well as the investm

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