Since Donald Trump’s victory in the US presidential elections on November 5, 2024, Bitcoin, the world’s largest cryptocurrency, has risen more than 30%, reaching its highest point ever. Investors have significantly benefited from this boom. If you are invested heavily in Bitcoin and want to book profit from this biggest crypto asset, remember that taxes…
I will be moving back to India in FY25. Do I need to bring the money I earned abroad with me? If yes, will it be taxed? If no, what are the tax implications in India in the future? -Name withheld on request There is no obligation to do so. Under India’s Foreign Exchange Management…
A poor credit score may hinder your ability to obtain a credit card. Usually, a credit score lower than 600 is considered a poor credit score. A poor credit score mostly results from high credit use and missed payments. However, low-interest credit cards typically have interest rates lower than those of most cards, which helps…
Investing in stocks is often described as simple but not easy. Yet, for much of the past twelve months, making money in the market seemed to be just that—simple and easy. It felt almost effortless. Any approach, from thoughtful strategies to pure intuition, seemed to yield handsome returns. The more you invested, the more you…
If you are a frequent user of credit cards or planning to get a credit card, you might face a situation where your consumer rights might be violated. Hence, it becomes important for you to know about various credit card rules to protect your rights. The Reserve Bank of India (RBI) has mandated many rules…
A business credit card is convenient for small businesses to finance their venture. This card is specifically designed for businesses, suiting its various needs and requirements. When compared to a personal credit card, a business credit card helps to separate your personal and business expenses. Moreover, some business credit cards offer added rewards too. Why…
The young financial analyst bought these properties with his savings from salary and a loan that he has already repaid. Sonthalia’s net worth runs into several crores of rupees, including liquid savings of about ₹1 crore, in all of five years of his career. Here’s what made this possible. Sonthalia works in Amsterdam and earns…
Bank lockers provide a safe and secure way to store valuable items. However, not all items are permitted inside them. State Bank of India ( SBI), Bank of Baroda ( BoB), HDFC Bank, ICICI Bank, and Canara Bank, among other lenders, offer different lockers categorised based on their sizes. This helps you select the one…
NPS Vatsalya is a National Pension System (NPS) contributory new pension scheme for minors. Its goal is to empower kids by establishing the retirement savings habit at a young age. By allowing parents to deposit a minimum of ₹1,000 per month with no upper limit, the NPS Vatsalya scheme helps children develop disciplined saving habits….
Notwithstanding all the benefits offered by credit cards, the users could face certain issues with regards to hidden charges levied – something they were unaware of earlier. Sounds unfair, right? There are certain laws and guidelines which ensure that the users are told about all the costs involved upfront and there is no mis-selling, and no…
