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…
I’m working with the Indian Army. Until last year, we received Form 16 under the old tax regime, which included all allowances such as house rent allowance, travel, uniform, etc. However, from AY 2024-25, we are receiving Form 16 under the default new tax regime, which does not mention non-taxable allowances. My salary income exceeds…
The Income-Tax (I-T) department has today (November 17) launched a new campaign warning taxpayers of ₹10 lakh penalty if they fail to disclose foreign held assets or income earned from abroad in their ITR, according to a PTI report. The “compliance-cum-awareness campaign” aims to ensure that taxpayers report all information in their Income Tax Return…
A recent Sebi report highlighted the significant losses individual traders incurred in the equity futures and options (F&O) segment between FY22 and FY24. A whopping 91.1% of these traders lost money in FY24, and the average loss per head was ₹1.20 lakh. During FY22-FY24, 11.3 million traders incurred a combined net loss of ₹1.81 trillion….
India FD interest rates comparison: Public and private banks in India offer a varied range of fixed deposit (FD) interest rates, and it is thus recommended that you compare most options available before making an investment. At present, most banks offer a higher interest rate for term deposits with longer tenures, compared to a relatively…
