Credit card debt with high rates can quickly become a nightmare. A credit card offering a low APR may save the day by reducing your interest payments. Here are the best low APR credit cards and their features to guide you in making the best decision. Understanding credit cards Banks, among others, issue credit cards…
Before getting a personal loan to fund your expenses, it is important to know how to repay it to avoid extra charges over the existing amount. While paying the loan on the due date is an essential practice, paying off your loan before the due date has added benefits. Ways to pay personal loan faster…
I am a Hindu non-resident Indian (NRI) based in the UK, living with my husband. We have no children, and the rest of our family and relatives reside in India. My husband and I are in the process of drafting our wills, which involve assets in both the UK and India. How can we ensure…
Rent can be an additional source of income for salaried individuals who have invested in property. While real estate as an investment may have its challenges in terms of liquidity and high capital requirement, rental income can complement one’s salary. However, rental income is taxed at the individual’s slab rate. But there are deductions available…
The Reserve Bank of India’s (RBI) decision to reduce the cash reserve ratio (CRR) in its bi-monthly monetary policy marks an important first step in its policy easing cycle. While narrowly seen as a liquidity measure, injecting close to ₹1.16 trillion in primary liquidity, the CRR cut carries broader implications. Unlike open market operations (OMOs)…
Image for representational purposes only | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty closed higher in choppy trade on Wednesday (December 11, 2024) as investors awaited key U.S. inflation data for further cues. The 30-share BSE Sensex rose by 16.09 points or 0.02% to close at 81,526.14. Snapping its three-day losing run,…
Medical expenses are mostly unplanned, and it is difficult to estimate the total cost of treatment. You might never know when you need extra money to fund medical needs. In such a scenario, a medical credit card helps to address your needs and provides additional benefits for such expenses. These cards help you to make…
Union Finance Minister Nirmala Sitharaman addresses a gathering during the CII Global Economic Policy Forum 2024, in New Delhi on December 11, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday (December 11, 2024) stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry…
When calculating the FIRE number, one rule of thumb is to simply multiply your annual expenses in the first year of retirement by the number of years of retirement. The number of your retirement years, in effect, becomes your expenditure cover multiple. If your annual expenses in the first year of retirement are ₹10 lakh…
Motilal Oswal Mutual Fund has launched a new arbitrage fund with a unique zero-expense offer for the first year. The New Fund Offer (NFO) is open for subscription from 16-19 December. This offer is exclusively available for direct plans, catering to investors who prefer the direct investment route. What are arbitrage funds? Arbitrage funds are…
