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Rajnish Kumar, Chairman of Mastercard India
Updated : Dec 08, 2023

‘It is a burden, avoidable’: Ex-SBI chief Rajnish Kumar on credit card TCS for overseas travel

As of October 1, the government levies 20% Tax Collected at Source (TCS) on all foreign tour packages

The company rolled out the initiative that enables two-way video communication in sign language between Amazon Pay employees and customers.
Updated : Dec 08, 2023

Amazon Pay introduces sign language video KYC for customers with hearing impairments: Follow these steps here

The initiative enables two-way video communication in sign language between Amazon Pay employees and customers

If you have worked for multiple employers, you will have different PF accounts.
Updated : Dec 08, 2023

Have you worked with 3 or more employers? Here’s how to merge EPF accounts and withdraw your money

Complete withdrawal of EPF can be done only if you have been unemployed for two months or more

To withdraw the PF amount, your first step should be to check your eligibility.
Updated : Dec 07, 2023

Here’s how you can get EPF money in your bank account after leaving a job

If you wish to withdraw your EPF after leaving a job, you must wait for two months before applying; subscribers can withdraw 75% of their balance if they are unemployed for over a month

The survey used Computer-Aided Telephonic Interviews and included 5,143 participants from 35 states and UTs.
Updated : Dec 07, 2023

49% of families have increased spending on essential items in 2023: Survey

The December net Consumer Sentiment Index score is at +9.9, which is an increase of +0.9 from the last month

Income allocation to loans and liabilities increases with an increase in personal income.
Updated : Dec 06, 2023

67% of Indians consider themselves ready for retirement, survey finds

Indians are allocating 59% of income to household expenses and 18% to paying off loans

The UK is also far behind India in Google Pay usage, with only 25% of its consumers regularly using the app.
Updated : Dec 05, 2023

Google Pay is used more for payments in India and Poland than in the US or UK: Survey

But it is still far behind giants Alipay and WeChat Pay, which have hundreds of millions of users

Some salaried employees may take on a home loan in their 20s if they can save for a down payment and feel financially stable enough to manage the mortgage payments.
Updated : Dec 05, 2023

Are salaried employees taking home loans before they hit 30?

Remember, there is no fixed rule about when one should or shouldn’t take a home loan. It’s a personal decision based on individual circumstances

A third-party insurance policy should be valid, in the absence of which, the price goes down by 1 - 2%.
Updated : Dec 05, 2023

Check these practical tips to get the highest bid while selling your old car

From meticulous maintenance to smart listing strategies, don’t leave any stone unturned so that you can maximise the gains

India is poised to become the global economic powerhouse driven by the unprecedented development and growth occurring in every ascent of the industrial landscape, making it the leading hotspot for returning NRIs.
Updated : Dec 05, 2023

23% of NRIs from the US, UK, Canada, Singapore prefer Mumbai as destination for business or investment: Survey

The SBNRI report unveiled that 18% of NRIs are from the US, followed by 14% of NRIs from Canada, along with 11% from both Singapore and other countries, as the top choice for business or investments.

While your monthly income is undeniably significant in gauging your loan eligibility, other factors also come into play.
Updated : Dec 04, 2023

What methods are used by lenders to determine loan amount to be sanctioned?

Experts say a stable income source would be considered favourably by lenders in determining the amount

70% of employers value insurance intermediation services, while 8% express dissatisfaction
Updated : Nov 30, 2023

46% of firms feel they must have better mental health support at the workplace: GLOBAL study

Survey of employers across industries finds that an overwhelming 88% of corporate India is struggling to cope with escalating hospital bills

If you purchase SGB on the secondary market and keep it until maturity in the eighth year, you will be eligible for a 100% capital gains exemption.
Updated : Nov 30, 2023

Sovereign Gold Bond tranche 1 matures today: Should you reinvest in next SGB?

Over its eight-year tenure, investors have received a net return of 12.9%, including the fixed interest payout of 2.75% each year

Lenders also want assurance about the loan repayment capability of a borrower.
Updated : Nov 29, 2023

Follow these strategies to get better personal loan and home loan options

Improved credit score, have a stable income, reduce your debt-to-income ratio, and most importantly inquire less for loans

Atul Monga, Founder of Basic Home Loans
Updated : Nov 28, 2023

Affordable housing market in India is valued at $300 billion: Basic Home Loan founder Atul Monga

Tells BT Money Today that several factors, including the entrance of numerous real estate developers, rapid urbanisation and higher income levels have ignited the growth

The metal card comes with a welcome offer of Taj Epicure membership and a Taj voucher worth Rs 12,000, which can be availed on card activation.
Updated : Nov 28, 2023

HSBC India unveils upgrade on its premier and cashback credit cards. Check out the new features and benefits

For HSBC Premier Credit Card, the joining fee is Rs 12,000 and annual fee is Rs 20,000. The joining fee for the HSBC Cashback Credit Card is Rs 999

Sudarshan Motwani, Founder & CEO, BookMyForex.com
Updated : Nov 28, 2023

20% TCS on foreign travel packages has altered tourism landscape: BookMyForex CEO Sudarshan Motwani

It is important to note that cash cannot be completely replaced, especially in certain situations

A REIT is a company that owns, operates, or provides financing for income-generating real estate properties.
Updated : Nov 27, 2023

Sebi approves framework for small and medium REITs. What does it mean for fractional ownership?

Experts say the guidelines are crucial for formalising the sector and instilling investor faith, but add that more details are awaited

Review your LIC plan; if possible, choose the paid-up option and take a term plan, giving you more coverage with less premium.
Updated : Nov 27, 2023

I'm a single mother with a 4-year-old child and have had an LIC policy for 14 years. How can I find financial stability with a Rs 40k full-time job starting next year?

The allocation should be in three parts: an emergency fund, a debt fund, and an equity fund for long-term growth. The asset allocation should be based on risk profiling and financial goals

 Cumulative traded volume on BSE and NSE has increased from 7,62,275 to 8,50,732 over the past three days.
Updated : Nov 27, 2023

Can LIC maintain its lead in the insurance industry? Share price soars 10%

Brokerage firms believe LIC's shift towards non-participating products and the expansion of non-agency distribution channels demonstrate the company's efforts towards increasing VNB

Ensure you have an emergency fund equivalent to at least 3-6 months of your expenses, and RD should take care of the same.
Updated : Nov 25, 2023

I’m earning Rs 90K and making 60% of investments in RD, PF, Sukanya Samriddhi yojana and health insurance. Is my financial plan right?

Remember, the more diversified the investments, the greater the chance of risk distribution and possibility of enhanced returns

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