A credit card can be an incredibly useful tool to build your personal brand by helping you develop a reputation of credibility, financial responsibility, and
Category: Finance
Want to invest in the US markets? These 12 mutual funds have exposure to American stocks
With Donald Trump winning the US Presidential Elections 2024, investing in the US stocks has suddenly become sought after. The S&P 500 briefly surpassed the
PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here
Are you looking to invest in a safe financial instrument for a long term investment? Besides fixed deposit (FD), bonds or debt mutual funds, one
EPF: Want to apply for partial withdrawal of your provident fund corpus? 10 steps to follow
If you have already accumulated a considerable chunk of corpus in your EPF (Employees Provident Fund) account then you can use the money for any
Credit Card changes: YES Bank to roll out new rewards redemption limits starting next month
YES Bank, with effect from Dec 1, will limit the number of YES Rewardz points which are redeemable on flights and hotel bookings. Cardholders can
Investment in these ELSS mutual funds grew by 2.5 times in past 5 years. Do you own any?
If you stay invested in a mutual fund for a long period of time, the returns tend to grow multifold for what is known as
HDFC Bank raises MCLR lending rates for THESE tenures; check here
HDFC Bank on Thursday raised its marginal cost of lending based rates (MCLR) by 5 basis points across three tenors. These tenures are overnight, one
US Election Results: As American markets spike, this is how investors from India can invest in the overseas stocks
With Donald Trump all set to take over as the 47th US President, the markets in America reacted quite positively to the news. S&P 500
EPF: What is the missed call service that helps you find about the PF balance?
If you are an EPF (Employees Provident Fund) subscriber and keen to check the account balance and/or the last contribution made, the process is super
FD interest rates: These 7 banks offer highest interest on their fixed deposits
If you are planning to lock your savings in a fixed deposit (FD), it is reasonable to check the interest rates offered by different banks.
Around ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI over one year after the withdrawal
Nearly one-and-a-half years after the Reserve Bank of India (RBI) announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes
NRI investing in Indian stocks? Know about TDS on capital gains
I have been a non-resident Indian (NRI) for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account.
How to maximise rewards from travel credit cards? Here are 5 ways
Are you a frequent traveller and want to save on budget? Then, travel credit cards are a great choice you can consider. Travel credit cards
Is EPF’s exempt-exempt-exempt tax status applicable under the new tax regime?
I plan to opt for the new tax regime when filing my ITR for AY 2025-26. Currently, I am on the old tax regime, so
How NRIs can use UPI for instant, no-fee transactions abroad
Setting up UPI for NRIs NRIs must first link their international mobile numbers to their NRE or NRO bank accounts. This step is most important
Claiming home loan tax benefits on multiple properties in India: What you need to know
I own a house in Rajasthan, for which I took a loan. The loan has been paid up substantially. I have been living in Haryana
Credit Cards: How can you use your card for the purpose of investing in stocks?
For most credit card users, one of the most common use cases is to buy merchandise now and pay for it at a later date,
Income Tax: Over 9.54 lakh crorepati taxpayers filed returns until October 31
More than 9.54 lakh people with income of ₹1 crore and above filed their income tax (I-T) returns until October 31, the data on the
Do DINK and SINK families need succession planning?
The traditional joint family system has been disintegrating into nuclear families. Now, the concept of nuclear family structure is also changing. Being child-free is a
HDFC Bank offers credit cards without annual fee during festival season. Details here
HDFC Bank is offering some of its popular credit cards without any annual fee or other charges during the festival season. The offer is valid
How to pay insurance premiums with credit cards? A step-by-step guide
Credit cards can be a convenient option for paying insurance premiums, which are the amounts required to maintain an insurance policy. Timely payment of these
Planning to exchange old jewellery for new? Know the income tax rules
When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It
What are the key factors that affect personal loan interest rates?
India’s household savings as a proportion of our GDP is declining. In its latest Financial Stability Report (June 2024), the Reserve Bank of India has
Credit Card payment: What is the best time to clear your credit card bill? An explainer
If you are a regular credit card user, it is vital for you to clear your bill on time to keep your credit score intact
Dhanteras 2024: Physical or digital gold – What should you choose this festive season?
Are you planning to invest in gold this Dhanteras. It is quite likely for you to be staring at a conundrum i.e., whether to choose
Top 3 reasons to consider a personal loan for your financial needs
You never know when a financial emergency might arise. Personal loans are one of the most preferred forms of debt during such times due to
From Goa to Dharamkot: Inside the rise of co-living for India’s remote workers
Pravin Singh, a 33-year-old data scientist, embodies this transformation. For the past two years, Singh has given up the concept of a permanent home, moving
Securing 25 years of retirement: A guide to income and wealth management
I’ve retired at 60 with a corpus of ₹4.3 crore and my monthly expenses are ₹2 lakh. With a life expectancy of 85, how should
Have debt in your portfolio? Consider these tax-efficient alternatives.
The investment world rarely stands still. For instance, because of the taxation reforms, the once-reliable compass of debt mutual funds now points to uncertain territory,
The power of financial planning: A journey of comeback from debt to savings
Is it possible to bounce back from the brink of bankruptcy to carve out a strong financial base for oneself? The answer to that question
Serial entrepreneur to mutual CEO, Varun Gupta on his investment journey
Financial planning and a disciplined savings plan are key to a secure future and peaceful retirement years. The process involves a timely start, strategic decision-making,
Darjeeling-based WFH techie invests smart, wants to retire early
A diversified investment portfolio consisting of equity and debt elements, some liquid funds for emergencies and some real estate exposure make young Harsh Mishra a
Credit cards: 6 common myths everyone should be aware of
If you regularly use a credit card, it is vital to be aware of the key rules including the annual fee, late payment charges, high
Credit cards: What are EMI options and concierge services?
If you are planning to apply for a credit card and are exploring a range of services that can take your experience a notch higher,
How grandparents can invest for their grandchildren without any hiccups
They don’t just play with them but also want to secure their future financially. Most of them give the money meant for the grandchildren to
Banks to report credit card data to CICs biweekly: How will it impact you and banks?
On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit
Credit card disputes: How do you initiate a dispute for an unauthorised charge?
In today’s world, credit cards are indispensable for managing finances and making purchases. However, billing issues can sometimes arise, leading to disputes that may leave
The benefits of secondary residency for ultra wealthy individuals
Secondary residency involves an economic contribution to the host country or a real estate purchase in exchange for residency rights. There are residency by investment
LIC vs agents: 7% commission cut, protests, policy surrender and more
These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include
NRI taxation: Can benefit from reinvesting real estate capital gains?
I’m a US citizen holding an OCI (Overseas Citizen of India) card. I own three apartments in India that I purchased in the early 2010s.
CTC vs take-home pay: New tax regime gives better visibility
“Is the 30% hike on your in-hand salary?” the father asked. “It’s on the CTC. Increase in take-home can’t be too off-the-mark,” Sanjay replied. “Well,
How salaried taxpayers can increase their take-home pay after this rule change
NEW DELHI : October 2023-24 brought a tax shocker. The rate of tax collected at source (TCS) on the purchase of foreign tour packages and
The parenthood bill: This is how much the first year could cost
Mint spoke to some young families to find out how they deal with the various costs associated with parenthood. View Full Image Graphic: Pranay Bhardwaj
Money Lessons: Why re-watching old favourites in theatres is a smart investment
You shout out all the Gabbar Singh dialogues, you know Veeru is going to be drunk atop the village water tank, you hold your best
FD interest rates: These 7 banks offer highest rates on 3-year fixed deposits. Check list here
After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the
Personal Loan: Why should you use an EMI calculator before raising a loan?
If you are planning to raise a personal loan, it is vital to ensure your finances are in order. For that, you are supposed to
Credit card dues: 7 effective ways to manage your debt wisely
In today’s consumer-driven society, credit cards have become an essential financial tool. While they provide convenience and flexibility, they can also lead to significant debt
Short-term personal loans: Some Frequently Asked Questions (FAQs) answered here
Have you ever felt a sudden need for money in the recent past? If yes, how did you manage to meet the requirement? Well, if
Credit Cards: 7 cards that levy no foreign transaction fees; check details
Are you a frequent international traveller, and often have to buy foreign currency at airports at exorbitant exchange rates? Then it is high time you get
Pharma, healthcare & banking sectors to do well for investors, says Rahul Singh of Tata Mutual Fund
Despite the high valuations of benchmark indices, there is no significant risk of a major correction soon, Rahul Singh, Chief Investment Officer (equities) of Tata
What are instant loans and how can they help you financially?
In today’s fast-paced world, unforeseen financial requirements can arise at any time. Fortunately, instant loans provide a quick and easy way to bridge the gap
Bank of Baroda rolls out Utsav Deposit Scheme to offer up to 7.90% interest on FDs. Check details here
Bank of Baroda has rolled out BOB Utsav Deposit Scheme which has a 400-day tenure. The state lender offers an interest of 7.30 percent for
Travel Loans: From eligibility to interest rate; all you need to know
Are you eager to explore new destinations, immerse yourself in vibrant cultures, and create unforgettable memories? A travel loan can turn your dreams into reality.
I didn’t disclose my NRI status to my tenant. What should I do?
I am a NRI with a residential property in Mumbai that I have rented to a salaried individual. The monthly rent is ₹90,000 and the
What types of insurance are commonly offered by credit cards?
In today’s fast-paced financial landscape, credit cards have evolved beyond just a means of payment. They now serve as a vital financial tool that offers
Is your landlord a non-resident Indian? Know your tax compliances.
If your landlord is a non-resident Indian, you must know some income tax rules that can affect you as a tenant. From the rent you
This 20-year-old travelled to three countries for under ₹90,000. Here’s how.
“After the visa rejection, I wanted to make sure I didn’t face any more visa issues. Both Laos and Vietnam offered e-visas, and Thailand offered
RBI announces buyback of ₹25,000 crore worth G-Securities through auction on THIS date; check details here
The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank
Sovereign Gold Bonds: Understanding income tax exemption on early redemption of SGBs
I had invested in Sovereign Gold Bond (SGB). I opted for early redemption after the completion of five years. Are the profits made on such
Is it advisable to get a personal loan to consolidate multiple debts? Check pros and cons
If you have multiple loans to service and want to repay them in one go, what would you do? Raising a fresh loan doesn’t seem
Long-term vs. short-term personal loans: Which option suits you best?
When considering a personal loan, one key factor to evaluate is the loan tenure, which refers to the repayment period agreed upon between you and
Secured credit cards: How do they work, are they a good bet for those with a bad credit score?
What would you do when you don’t have a credit history or a bad one and intend to procure a credit card? More likely than
5 key tips to secure the best interest rates on personal loans
When seeking a personal loan with a low interest rate, it’s essential to understand how interest rates can significantly impact your overall financial health. By
Credit cards: What are the advantages and how are they different from debit cards?
They say what is in a name! Well, ‘everything’ when it comes to a credit card. It is a card which appears quite similar to
Why do people take out a personal loan? Here are 9 key reasons
Personal loans are adaptable financial tools that can be used for various purposes, including debt consolidation, large purchases, and unexpected needs. Typically, they are unsecured
Sending money abroad? Here’s all you need to know about the RBI’s Liberalised Remittance Scheme
Here’s everything you need to know about it. Investments LRS allows Indians to invest in listed foreign securities – both equity and debt. You can
Personal Loan: 5 key tips to get your loan approved
Personal loans are a flexible financial tool that can help you manage unforeseen expenses, consolidate debt, or fund significant purchases. However, securing approval for a
Lessons in bank credit from Japan experience
Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to
Portfolio Management Services: From benefits to types; all you need to know
In an increasingly complex financial landscape, investors are constantly seeking effective ways to manage their wealth. Portfolio Management Services (PMS) have emerged as a popular
Is alimony tax-deductible? | Mint
I’m divorced and have to pay ₹90,000 alimony to my ex-wife. Can I claim tax exemption on the alimony? Can I claim a tax exemption
A complete guide to digital visas: Streamline your international travel
Yet, even with e-visas and Electronic Travel Authorizations (ETAs) simplifying the process, travellers often face unexpected hurdles. From rejected applications to documentation pitfalls, understanding the
Personal loan: Should you organise your wedding with borrowed money? Experts say this
If you have a wedding at home which is due in a month or two, and are clueless as to how will you arrange the
PM Kisan Yojana 18th installment to be credited today: How to check eligibility
Prime Minister Narendra Modi is expected to release the 18th installment of PM Kisan Yojana Scheme on October 5, i.e, today. Under this scheme, all
Student credit cards: Which are the best cards with no annual fee? Check details
If you are a student, then being unemployed and not having a credit history may come in your way of getting a credit card. There
Rewards credit cards: Which rewards cards offer the best value for your spending habits? Check details here
If you are planning to get a credit card, then it is important to note that there are plenty of them to go for. Some credit
Personal loan: You can use EMI calculator to determine monthly instalments; check how
When you want to raise a personal loan for an immediate need, there are a number of banks and non-banking financial institutions (NBFC) which you
How to multiply credit card rewards with SmartBuy, Reward Multiplier, and Gift Edge?
Most of us use our credit cards directly for online transactions or swipe them at the offline merchant’s Point of Sale (POS) machine. When we
Govt’s free health insurance scheme welcomes senior citizens. But can they rely on it?
This comes at a time when health insurance premiums for senior citizens have been soaring. But will it be a good idea for senior citizens
Credit cards: List of 8 bank cards with the best cashback offers. Check details here
If you are planning to apply for a credit card, and are keenly looking for one with good cashback offers, then be aware that there
What are the cash deposit limits set by the top 5 banks? Check details here
A Cash Deposit Machine or Automated Deposit-cum- Withdrawal Machine (ADWM) — is an ATM-like machine that enables depositors to deposit cash into their accounts using
Navigating behavioural biases, market volatility, uncertainty in investment journey
Soros explained these ideas succinctly: “I can state the core idea in two relatively simple propositions. One is that in situations that have thinking participants,
What are personal loans and how do they work?
Are you dreaming of visiting your favourite country but finding yourself short on funds? Or perhaps you’re eyeing a luxury gift or need quick cash
How will foreign-sourced dividend income be taxed in India?
I am the promoter of a Belgian company, and I’ve been a Belgian citizen for many years now. I’m planning to retire in India next
How you can retire in Europe with Portugal’s passive income visa
Portugal’s D7 visa offers an option for retirees to gain residency if they meet certain passive income requirements. Mint takes you through what you need
All about key rules set to change from 1 October: Aadhaar, PPF, LPG, STT on F&O, income tax rules, and more
The transition to October will bring multiple changes in rules and regulations related to income tax, Aadhaar Card, and TDS on mutual funds, rents, and
PM-JAY extended: New proposal for central govt pensioners to offer scheme option for CGHS beneficiaries: Report
A new proposal for central government pensioners, under the Central Government Health Scheme (CGHS) and the Ex-Servicemen Contributory Health Scheme (ECHS), will likely offer the
Credit Cards: How does credit card interest rate work and how to get a lower rate?
If you are using a credit card then you are entitled to 40 to 50 days of interest-free period to pay your bills. But in
Is it a good idea to raise a personal loan? MintGenie explains the pros and cons
Staring at an acute financial crisis could compel you to explore an array of funding avenues. Among these, one of the most feasible ones is
Personal Loan EMI Calculator: All you need to know about its functionality
Are you tired of spending hours calculating EMIs for your personal loans? It’s time to simplify this tedious task with an EMI calculator! With just
Can a personal loan be your lifeline during a financial crisis?
In today’s fast-paced world, financial crises can hit unexpectedly. Whether it’s a medical emergency, sudden job loss, or unexpected home repairs, having access to funds
Why I keep getting rejected for personal loans: Unpacking 6 key reasons
As you sit at your desk, dreaming of your upcoming holiday in Singapore, you’re excitedly planning your itinerary and envisioning stunning sunrises and warm sunsets.
What is the best approach to managing home purchase without straining finances?
I’m in my early 30s, married with a young child, and working in an IT company for 10 years. I’ve saved in mutual funds, fixed
How NPS Vatsalya stands out from other savings products curated for children
The unveiling of NPS Vatsalya, a contributory pension scheme for children, by Union finance minister Nirmala Sitharaman, first announced in her 2024-25 budget speech, marks
Why you should approach the SME IPO market with extreme caution
According to data from primedatabase, as many as 104 SMEs (small and medium enterprises) have used BSE and the National Stock Exchange’s (NSE) SME platform
How does credit card work? A beginner’s guide to maximising rewards
Using a credit card can be daunting for beginners, but understanding its functioning can help you use it efficiently and make timely bill payments. Let’s
Understanding drawdowns before tactical allocation in a portfolio
Volatility is the lifeblood of financial markets. It creates profit opportunities but is also the source of sleepless nights for many investors. While some thrive
Risk: An underrated word in today’s investment landscape
Regardless of the approach, this exercise is crucial, as it leads to a recommended and potentially suitable asset allocation for the client’s long-term investment strategy.
Avoiding double tax on Kisan Vikas Patra interest: ITR filing tips
You will need to disclose only the interest accrued during the current year on the certificate and not the interest received on withdrawal as you
Is moving to Dubai on the nomad work visa worth it?
The visa allows individuals to avail of local services like banking facilities, communication services, rental housing, etc. to help with their work life. Eligibility You
Personal loan: 5 reasons to get a personal loan to help finance life’s adventures
If you are a travel freak and have a wanderlust, then raising money for your indulgences may not always come easy. You could be travelling
Siddhant Chaturvedi’s Yudhra: Unpacking the money lessons hidden in the chaos
Amitabh Bacchan was nicknamed the angry young man because he was fighting against the system in the movies, and despite the ghastly sound effects of
What is Jana Small Finance Bank’s Liquid Plus Fixed Deposit (FD) scheme? Check details
A number of banks have lately rolled out new deposit schemes to woo the current and new depositors. Some of these schemes are rolled after
4 best credit cards every first-time user should consider
Credit cards are one of the most important tools for managing finances. If you are a beginner who has just started earning, you should get
Come Oct 1, you will get only whitelisted links via SMS; new rule to help check online fraud through phishing
Starting next month, mobile phone users will not receive any unapproved web links via SMS. The Telecom Regulatory Authority of India (TRAI) has recently announced
Should courts do the math? Reducing the judiciary’s burden in motor insurance claim settlements
Every year, countless Indians find themselves entangled in the complexities of third-party motor insurance claims. Unfortunately, the current system relies heavily on the judicial process
Building a retirement nest egg from birth: How NPS Vatsalya can make money for your kids
Finance minister Nirmala Sitharaman on Wednesday launched NPS Vatsalya Yojana to give an early head-start to children to save for retirement. Parents can open an
Cracking the IPO code: Tips to secure allotments amid heavy oversubscription
While strategies like using multiple Permanent Account Numbers (PANs) or shareholder quotas might slightly improve allotment chances, the odds still remain slim. Bajaj Housing’s recent
Government increases PF withdrawal limit to ₹1 lakh, likely to hike salary ceiling: Report
Union Labour Minister Mansukh Mandaviya said on Tuesday that subscribers of the Employees’ Provident Fund Organisation (EPFO), the government-run retirement savings manager, can now withdraw
The invisible burden on low-income workers that’s equivalent to a 35% tax paid by crorepatis
“This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment
Why Nithin Kamath-funded SundayGrids shouldn’t be seen as an investment
The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put
Heirs face an uphill task claiming securities, mutual fund units as legal beneficiaries without nomination
We are in a phase of economic evolution where social security for oneself and family is achieved and shaped largely by individual financial planning and
How Indian students can get work visas after studying abroad
Some countries offer a pathway to permanent residency following such post-study jobs, but the requirements vary significantly for each. Some countries even offer post-study work
Income tax implications for inheriting fixed deposits ( FDs) after father’s death
My father had a few bank-fixed deposits and passed away in July 2024. He did not write any will. I am the nominee for all
The Buckingham Murders: Money lessons you can learn from Kareena Kapoor Khan’s latest thriller
Kareena Kapoor Khan alone carried the film Jaane Jaan (2023) on her capable shoulders despite support from good actors like Vijay Verma and Jaideep Ahlawat.
Is your PPF or Sukanya Samriddhi account at risk? Here’s what you need to know
India’s small savings schemes, long cherished for their high interest rates, are under the scanner. The government has announced a strict crackdown on irregular Public
FD interest rates: Union Bank’s 333-day fixed deposit offers up to 8.15%; check details here
When you are looking for bank fixed deposits (FD), one factor to consider is the highest rate of interest offered by different banks. The general
Credit Cards: Banks offer these latest offers and deals; check details here
If you own a credit card, you can explore a number of offers given by banks. These include the offers at eateries and restaurants in your
What is auto top-up of UPI Lite? New feature to be rolled out from Oct 31 — all you need to know
If you are using UPI Lite for small-value transactions, then there is good news for you. Starting October 31, you will be able to use
Is your health insurance plan being withdrawn? Here’s how to quickly adjust and stay protected
Tata AIG General Insurance has withdrawn its ‘Medicare Protect Plan’ with effect from September 5. The move will not impact customers who have to renew
Mastering factor investing: Unlocking market secrets with value, momentum, and quality
At its core, factor investing targets specific characteristics, or “factors,” in stocks that have been shown to deliver returns above what most diversified portfolios achieve.
FCNR vs RFC: Tax benefits; Remove spouse from NRE deposit to avoid reassessment
I’m planning to return to India after working abroad for 35 years. I have some FCNR deposits. I have been advised to convert them to
How you can get a loan against mutual funds instead of breaking the investment when you need cash
If you run short of cash and plan to withdraw your mutual fund investments, take a pause. There is another option: You can take a
Mpox in India: How can standard health insurance provide financial immunity?
The Indian government confirmed the first case of Mpox on Monday, raising alarms over the transmission of the virus in the country. The development coincides
This NRI couple in Melbourne is looking to move back for family and higher affordability
While the quality of life in Melbourne is superior, it comes at a heavy price — both literally and metaphorically. “We miss family and the
Risk, reward, and relentlessness: Why young Indians keep trading despite losing money
First, a consultation paper published by the Securities and Exchange Board of India (Sebi) said in 2023-24, on average, 85 out of every 100 individuals
How to obtain a Dubai Golden Visa through real estate investment
Approximately 4,300 Indian millionaires are expected to move abroad in 2024, with a majority of them preferring to relocate to Dubai, the UAE, according to a recent
Do I have to deduct tax for paying rent to a non-resident landlord?
I live in a rented flat in Noida, U.P., paying a rent of less than two lakh per annum (INR). The flat owner is an
What is Bank of Baroda’s systematic deposit plan? Key features to know
Have you ever wondered what can you do if you want to open a fixed deposit account but do not have access to a large
Got your first credit card? 8 key things you should be aware of
Are you contemplating applying for a new credit card at a bank? It is definitely a smart thing to do but you should apprise yourself
FD interest rates: Earn up to 7.65% annually on fixed deposits; check details here
Prior to investing in a fixed deposit (FD), depositors tend to compare the interest rates offered by different banks so that they can choose one
Retirement Planning: With UPS in the fray soon, is it the time for govt employees to exit NPS?
As you are aware that the Union Government is set to roll out the Unified Pension System (UPS) from April 1, 2025 to give fixed,
Credit cards: Interest-free period, perils of paying minimum due — 6 key things to know before getting your first one
Possessing a credit card is not only uncommon but somewhat close to financial necessity in current times. However, before you procure a credit card, be
Explained: How non-resident status is determined under FEMA regulations
For non-residents, two sets of legal frameworks apply to them. The first legal framework is provided under the Income Tax Act of 1961, which deals
Tax on long-term capital gains during sabbatical
I’ve taken a two-year leave of absence from my job to travel and indulge in my interests. My revenue from mutual fund redemptions last year
Should you invest in Adani Group’s first bond issue for the public?
In a market dominated by non-bank financiers, a public bond issued by an Adani group entity is the first from a non-lending company since 2016,
Retail investors remain impulsive sellers: 5 key money lessons to achieve your financial goals
In complete contrast to the conventional rules of investing, a recently released Sebi study showed that retail investors sell nearly half of their holdings in
Fin-fluencers: Financial Gurus or Misleading Masterminds?
The growing influence of financial influencers, or “fin-fluencers,” on social media has sparked a lively debate about their role in shaping the investment decisions of
Can I pay municipal taxes on behalf of my NRI son?
My son resides in the US, whereas I stay in Pune. My son owns two house properties in Pune. Can I pay municipal taxes on
The $230-million WazirX hack: regulatory gap leaves 4 million Indians stranded
About 4.2 million of WazirX’s 16 million users were struck by a massive hack of the cryptocurrency exchange on 18 July that wiped off 40-50%
Retired in February but leave encashed in April. When is the benefit of exemption applicable?
Salary is taxable on a ‘due’ or ‘receipt’ basis, whichever is earlier. As you have retired in February 2024, the leave encashment became due to
5 key financial changes in September: Aadhaar update deadline, LPG price, more
As September 2024 unfolds, several key developments are poised to impact personal finances, with changes ranging from LPG cylinder costs to new credit card regulations.
Explained: How can income tax be saved on selling urban agricultural land?
I have Long Term Capital Gain (LTCG) on selling an ancestral urban agriculture land. How can I save taxes on such long-term capital gains? Regarding
Global vs Indian Investing: Why diversification matters for your portfolio?
Most Indian investors have primarily focused on the domestic market for various reasons, including strong economic growth and solid fundamentals. This has led many to
UPI: The world’s favourite payment method hits $964 billion in record time
Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of ₹80.8 lakh crore
How mutual fund investors can minimise the impact of front-running
The Association of Mutual Funds in India (AMFI) recently laid out guidelines for front-running and fraudulent transactions. The AMFI’s move, which comes nearly a month
FD interest: Here are the top 6 banks that offer highest rates on 5-year fixed deposits
Before you decide to open a fixed deposit (FD) account in a bank, it is incumbent upon you to compare the interest rates offered by
Personal Loans: Top 10 NBFCs offer loans at these interest rates; check full list
If you are staring at the shortage of funds on account of a wedding party that you have planned, an unanticipated emergency that has arisen,
Systematic withdrawal plans: Why should you opt for SWPs instead of lump sum after meeting financial goals?
One of the key objectives of investing is to meet your financial goals. And if you have already achieved them, what should be your course
September financial updates: What you need to know about Aadhaar, credit cards
September is approaching, and with it comes a wave of financial deadlines that could significantly impact your wallet. From changes in credit card terms to
Soon depositors will be able to open a fixed deposit for 20 years: Report
Typically, banks offer fixed deposits with a maximum tenure of 10 years. There is no bank that offers an FD with a tenure longer than
Influencers rush to seek help on taxes to financial planning
Independent content creators who have seen a spike in their earnings are flocking to financial advisers, wealth managers and chartered accountants (CAs) to avoid tax
Rent, home loan, capital gains, losses: a simple guide to taxation on real estate
There are layers upon layers, from rent to the time of selling to home loans. For instance, most of the rules applicable to a house
Personal Loan: Want to renovate your house? You may want to opt for THIS loan to save money
It is understandable that procuring a personal loan is the last resort for a lot of people. Every time a salaried individual encounters financial trouble, the
Pension calculator: 5 key differences between UPS vs OPS — Check here
The Government of India has announced the Unified Pension Scheme (UPS), a new pension plan for employees working under the government. The new scheme will
Sovereign Gold Bonds: RBI declares premature redemption calendar for SGBs issued between 2017-2020; check dates
Sovereign Gold Bonds (SGBs): The Reserve Bank of India (RBI) has released a calendar for the premature redemption of the Sovereign Gold Bonds (SGBs) issued
Centre approves Unified Pension Scheme for govt employees; All you need to know
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday, approved the Unified Pension Scheme (UPS), which aims to provide assured pension, family pension,
Bank holiday Janmashtami 2024: Are banks closed on Monday, August 26?
Banks will remain closed on Monday, August 26, in certain parts of the country on account of Janmashtami as per the Reserve Bank of India
Best mutual funds: Large-cap schemes that delivered over 20 per cent returns in the past 5 years – should you invest?
Mutual fund investors tend to compare the returns delivered by different schemes before investing. Usually, retail investors compare the returns delivered by schemes in the
From SBI to IDBI: Top Indian banks launch special FD schemes with higher interest rates to attract investors
Special FD schemes: To deal with falling deposits, several Indian banks have launched limited-period special Fixed Deposit schemes on fixed tenure with higher interest rates.
Income Tax: Is your refund being held up over defective I-T return? This is what you should do
The deadline to file an income tax return (ITR) passed on July 31, 2024, following which eligible taxpayers received either a refund or an income
FD rate hike news: This bank is providing up to 7.85% returns under special scheme valid till September 30, know details
Several banks have offered higher interest rates to encourage more people to save money in fixed deposits. Recently, IDBI Bank has hiked its fixed deposit
Passive mutual funds’ AUM touches ₹10 lakh crore with 17% market share, equity claims 88% of net inflows
The mutual fund industry in India has witnessed a seven-fold growth in the past 10 years with the assets under management (AUM) growing from ₹8.3
World Senior Citizens Day 2024: 5 top investment options for older adults
Senior Citizen Day: The key to a happy and tension-free life post-retirement is wise investment and saving decisions. Senior citizens need to choose their investment
RBI’s framework for SROs: From minimum net worth to mix of members, key regulations explained
The Reserve Bank of India (RBI) has issued the framework for recognition of self-regulatory organisation (SROs) in financial markets. This framework released on Monday was
Axis Bank has done the unthinkable: Launched a credit card it doesn’t want everyone to have.
With a joining fee of ₹5.9 lakh and an annual renewal of ₹3.54 lakh, Primus has positioned itself as India’s most expensive credit card. This
How this AI-based app can help you avoid insurance claim rejection
NEW DELHI : Insurance is the first step towards financial planning. We buy policies to insure ourselves against unfortunate events. However, having insurance does not
How young professionals are finding new gigs to diversify their income
With new skill-based gigs emerging as viable options for generating income, more young professionals are now seeking jobs they can do in their spare time.
Raksha Bandhan 2024: Are banks closed on Monday, August 19? Check here
Banks in multiple cities will be closed on Monday, August 19 on account of Raksha Bandhan. The Reserve Bank of India (RBI) in its official
How profit on sale of shop purchased in 1999 will be taxed after Budget 2024?
I am 78. I sold a shop I purchased in 1999 for ₹2.40 Lakh and spent ₹1 lakh on better looks and convenience in 1998.
What are the tax implications of receiving a gift?
No, you aren’t. However, if the gift were from a non-relative, let’s say a friend, you would’ve needed to pay taxes to be on the
ITR refund scam: Income tax department warns taxpayers on fake messages, mails
ITR refund scam: The Income Tax Department (IT) has cautioned taxpayers to beware of scams. According to the IT department advisory, taxpayers should stay vigilant
When should one shift equity mutual fund investment to debt investments?
I have turned 50. I have been investing in equity mutual funds for various goals. At what age should I switch from equity to debt?
Tailoring portfolio diversification: Strategies for different phases of life
The aim is to include assets that are uncorrelated or have low correlation with each other. Equities, debt, cash and gold are the most common
Stree 2: Financial frights and delights—Key money insights from your favorite horror comedy
We’re back in a small town called Chanderi, and this time the town is haunted by a headless monster who’s kidnapping young women who are
Will international treaty benefits apply to dividend income?
I am a non-resident Indian (NRI)) and have my own business in Dubai. I have invested in shares as well as mutual funds in India.
Independence Day 2024: Why should you strive to find freedom from debt?
India is celebrating its 78th Independence Day tomorrow.This Independence Day is a good time for you to take concrete measures to be debt-free. When the
Healthcare in Retirement: How to insure yourself amid rising medical costs
Medical inflation ranges from 15% to 45% compared with normal inflation of 6-8% per annum. With more people falling prey to lifestyle diseases, retirees have
RBI says depositors can seek premature withdrawal of NBFC deposits. Details here
Have you ever wondered what you would do if you had a fixed deposit with an NBFC but wanted to prematurely withdraw it due to
Mandatory disclosure: Reporting foreign ESPP holdings in schedule FA
As your employer had disclosed the income from exercise of the ESPP, you would be owning the shares listed overseas. Therefore, you would need to
What’s stopping AMCs, insurers from entering remote markets like Kargil?
NEW DELHI : India had 162 million demat accounts as of June, and 93 million SIP (systematic investment plan) accounts as of July—a strong indicator
How covid-19 losses prompted a plant manager to revisit his financial strategy
Known for his aggressive investments directly in stocks and small- and mid-cap mutual funds, Kumar is now seeking a more balanced and goal-oriented portfolio. “During
FD interest rates: These five banks offer highest rates on their 3-year term deposits? Check details
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks.
After UCO Bank, Canara Bank and Bank of Baroda to hike interest rates from August 12
Public-sector banks such as Bank of Baroda, Canara Bank, and UCO Bank, have increased their Marginal Cost of Funds-based Lending Rates(MCLR) in different tenures which
Govt to allow upto four nominees in deposit, locker accounts in a bid to bring unclaimed deposits down
A new Bill proposed in the Parliament has a provision which says that deposit and locker holders can name up to four nominees instead of
Looking for a bank loan? Come January 1, RBI’s new fortnightly credit reporting rule to help borrowers
The Reserve Bank of India (RBI) recently instructed banks and credit information companies (CICs) to update the credit information they collect at shorter intervals, i.e.
GST on health and life insurance: How much do tax rates impact your premiums? check here
Several political leaders are demanding the withdrawal of the Goods and Services Tax (GST) imposed on life and health insurance policies. Ministers and politicians such as Congress
Balanced advantage funds: A must-have for your investment portfolio
The Indian stock market has a history of both significant peaks and subsequent corrections; be it the Dot-Com Bubble and the subsequent crash, or the
Pay-as-you-drive motor insurance a big hit among hybrid and remote workers, says report
Pay-as-you-drive (PAYD) motor insurance plans are gaining popularity among consumer segments such as hybrid and remote workers, households with multiple cars and homemakers, a PolicyBazaar
ITR filing: How can taxpayers check their income tax refund status online? A step-by-step guide
Now that you have filed your income tax returns, you must be wondering when you will receive your income tax (I-T) refund. And if you
LTCG amendment: Experts cheer decision to restore indexation benefit for property. Why this govt move matters
Land and building owners now have a reason to cheer. The government has proposed an amendment to the Finance Bill 2024 regarding long-term capital gains
Japanese Yen rises to 7-month high: What does it mean for Indians travelling to Japan?
As Japanese currency Yen hits seven-month high against US dollar, there are concerns around the higher cost that would lead to woes for Indian travellers.
These fund houses show courage to launch NFOs while market is going bonkers; should you invest?
While benchmark indices, the Nifty50 and the Sensex 30, witnessed a steep fall of around three per cent in a single trading session on Monday,
Trust your doctor, check your broker: The overlooked risk in financial advice
You submit documents not just once but repeatedly over time. Failure to do so can result in your accounts being frozen, blocking further transactions. This
GIFT City regulator proposes lower PMS ticket size, opens door to retail funds
The International Financial Services Authority (IFSCA), which regulates GIFT City, has proposed a reduction in the minimum ticket size for portfolio management services (PMS) from
From bankruptcy to financial freedom: A Mumbai-based couple’s journey of resilience
Forced to rebuild from scratch, the Mumbai-based couple, now in their early 50s, navigated corporate comebacks and personal sacrifices to stand as a testament to
Money Matters | Bulk buying to right strike— Warren Buffett’s six key investing lessons for retail traders to follow
Whether you are an early investor or a veteran, learning the basics of investing requires a long practice, failures, disappointments and success as well. Else,
Income Tax: Want to update your ITR? You can file an updated tax return; Here’s all you need to know
The deadline to file income tax return expired on July 31, taxpayers can, meanwhile, file a belated income tax return (ITR) before December 31, 2024
Sebi’s game plan to regulate influencers may involve social media giants like Google
MUMBAI : India’s markets regulator has devised a seven-point plan to regulate the growing tribe of financial influencers, said Kamlesh Varshney, full-time member of the
ITR filing: When will you get income tax refund? Key questions answered
The last date to file an income tax return (ITR) ended on July 31, 2024, and taxpayers are now awaiting the refund of excess tax
Have you missed ITR filing deadline? You can still file belated income tax return. Check details
Although more than seven crore income tax returns (ITR) were filed until 7 pm on July 31, 2024, there would still be hundreds of thousands