Every individual in the country is entitled to one free credit report every year from each of the four leading credit bureaus, according to the Reserve Bank of India guidelines. The four bureaus are TransUnion CIBIL, CRIF High Mark, Equifax, and Experian. Here is a step-by-step guide that will assist aspirational individuals in procuring their…
Taking a personal loan can provide borrowers with financial flexibility. This comes in handy for big purchases or emergencies. Still, managing repayment is extremely important to avoid late fees, penalties, or damage to your credit score. This is where an EMI (Equated Monthly Instalment) calculator proves indispensable. Therefore, an EMI calculator isn’t just a planning…
Pankaj Kumar from Sarsuna, Kolkata, thought he was safe. Two credit cards. No shady transactions. But in a span of just 20 minutes, he lost ₹8.8 lakh, all through unauthorised online purchases. By the time he noticed the barrage of OTPs and blocked his cards, the fraudsters were done, reported TOI. Also Read | One…
On the surface, the idea of transferring your personal loan to a lender offering a lower interest rate sounds like a smart financial move. However, like most things in finance, the real answer lies in the details. Let’s break it down so you can make an informed decision: Timing Matters: Where Are You in Your…
The government had allowed taxpayers to choose between a lower 12.5% tax rate on long-term capital gains (LTCG) without indexation or a 20% rate with indexation from property sales. This applies to properties sold on or after 23 July 2024. The concession doesn’t extend to surcharge and cess calculations, leading to a higher overall tax…
I’m hanging up my boots, not my gloves, says Ajit Menon with calm certainty, the kind that comes from years of intentional choices, not just in business, but in life. At 54, Menon has announced to step down as CEO of PGIM India Mutual Fund next year. Known for his clarity of thought, steady leadership,…
Unlike PMS—which manage portfolios individually—SIFs permit fund houses to take short positions through derivatives, aligning Indian products with global trends where tactical and hedged strategies are gaining popularity. Under the SIF framework, Sebi has capped maximum short exposure at 25%, but has not mandated a minimum. This leaves room for fund houses to launch ‘long-short’…
NEW DELHI : Until October 2024, companies paid a buyback tax at an effective rate of 23.3%, including surcharge and cess. Shareholders received the buyback proceeds tax-free. The Union budget presented in July 2024 shifted the taxation responsibility from the company to the shareholder. The entire amount, and not just the profit, received by shareholders…
In India, weddings are more cultural monuments than events. With rising expectations, fancy venues, elaborate outfits, and long guest lists, it is easy to see how costs might quickly escalate to a few lakhs. Given this financial stress, the idea of borrowing via a personal loan for a wedding may seem tempting. But is it…
Credit cards for senior citizens are becoming more common in India due to advancing banking products and, ultimately, financial inclusion. These cards, specifically designed with ease, security, and rewards in mind, can help seniors maintain their independence financially, get unique benefits, and manage emergency expenses effectively. Let’s explore what it means for a senior citizen…
