Many financial deadlines are approaching as we are just a month away from the new year. From revised FD rates to deadlines related to Aadhaar updates and income tax returns, people need to keep a few dates in mind in December. Those who are planning to invest their money in fixed deposits or are looking…
If you are suddenly short of funds and do not wish to borrow from friends then one of the options that you can avail is to raise a personal loan. However, before raising a personal loan, make sure that the interest rate is not exorbitant, time duration is optimum, and the lender is reliable, so on and…
Using a credit card, as we know, offers a range of benefits and rewards such as access to lounges, discounts on shopping and travel and dining. Before you even start using a credit card, it is imperative that you first activate it. As soon as you receive the credit card kit from the bank, you would ideally be panicking as to…
Financial experts came together at the Mint Money Festival 2024 to discuss FIRE (financial independence, retire early), how to execute it, and things to look out for along the way. FIRE was popularized by the 1992 bestselling book Your Money or Your Life by Vicki Robin and Joe Dominguez. Here, people seek to save extreme amounts…
Indian Bank offers a special fixed deposit (known as IND Super 400 days) that offers upto 8.05 percent for super senior citizens. For the general public, the rate of interest is 7.30 percent and senior citizens are entitled to receive 7.80 percent per annum. IND Supreme 300 days fixed deposit There is another fixed deposit…
The Employee Provident Fund (EPF) allows employees to save on taxes on their contributions and provides decent returns. However, high rejection rates of EPF claims continue to be a cause of concern. Indicating an improvement in the EPF claims settlement process, EPFO on Thursday said that the combined rejection and return ratio of EPF claims…
“I started my research purely from the knowledge perspective so that I don’t appear clueless when my clients talk to me about it. I felt I should understand all about it before I write it off or look at it as an investment option,” said Pande. Initially, he allocated 1-2% of his monthly investment to…
A credit score has a dramatic impact on your ability to borrow, secure the best loan terms possible, and even get a job or rent an apartment. More often than not, however, many myths surround credit ratings and make matters worse and confuse people who have made wrong financial decisions. Let us debunk some of…
An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is determined based on the time spent in India during a financial year. This guide explains NRI status, taxation rules, and the concept of Resident but Not Ordinarily…
Credit cards are a vital part of modern personal finance, providing convenience, rewards, and financial flexibility. However, when there are so many options, choosing the best card for your needs can be overwhelming. Here we describe the seven different types of credit cards, their distinguishing features, and what to consider when selecting one. Whether you…
