Mobile banking apps are pitched as one of the most convenient channels for banking transactions. But are these really as useful as they are touted to be? And how many people actually use these apps?.
There are many options, like Employees’ Provident Fund, Public Provident Fund, equity-linked savings scheme, life insurance, National Pension System and five-year fixed deposits, that not only help you use the section 80C tax benefits, but are also sound investments.
One of the things to do when you get your New Year’s calendar is to quickly look at the list of holidays, which ones fall on working days, and which can be converted into long weekends.
Schools teach children many things, but seldom the basics of financial planning. How many times have we rued not knowing how credit cards work, how much interest we will earn, how much tax to pay and what not?
The Inflation Indexed National Savings Securities-Cumulative is now available for subscription. Return on such bonds are better than FDs, but watch out for the downsides before you opt for one.
Look deeper into the schemes and you would find that these are not as attractive as they sound. The money you save by not paying any interest actually gets hidden in the processing fee and other charges.
If you want to spend on comfort, be ready for restrictions and make sure the services are all worth it.
Many must have got their Form 16 from their employers considering that it is that time when you file for income-tax returns (ITR). Remember that the due date for filing ITR is July 31. Mint Money lists out the key documents that you need. TDS from salary. Vivina Vishwanathan reports.
It may cost Rs 100-1,200 if you close bank accounts between 15 days and one year from the time of opening it
They are listening: Financial sector watchdogs are beginning to use technology to integrate their systems with companies to monitor consumer complaints and ensure speedy redressal. Deepti Bhaskaran, Kayezad E Adajania and Vivina Vishwanathan reports.
We’ve all faced this dilemma of buying smartphones on EMI or not since January this year, we’ve been flooded with the equated monthly installment (EMI) schemes. Vivina Vishwanathan reports.
Professor Calculus: Lifestyle changes are the toughest to implement, so stay conservative till we get back on the 8% growth path, says Vivina Vishwanathan.
Any Indian citizen residing abroad who has a salaried job or is self-employed in his country of residence qualifies as an NRI and can apply for NRI car loans, Vivina Vishwanathan
Enough products give returns with capital protection. We compare post-tax returns across a few secure investments.
Being safe than sorry: Know the nuances of owning a card beforehand and save yourself from fraudulent activities. Vivina Vishwanathan
offers some tips.
Eating at air-conditioned restaurants became more expensive last week with the budget proposing a service tax on them. Until now, a service tax of 12.36% was applicable on 40% of the bill at air-conditioned restaurants having a licence to serve alcoholic beverages. Vivina Vishwanathan
reports. Eating out: Bill break-up
In the long term, returns from bank deposits, such as fixed deposits (FDs) and recurring deposits (RDs), get eaten into by tax and inflation rates and these are fairly large bites. Vivina Vishwanathan reports.
Inform your bank, approach banking ombudsman, go to the appellate authority and, if all else fails, move court. Vivina Vishwanathan
writes. Tips to avoid frauds
Mumbai-based 33-year-old Amol Manohar Dalvi, an executive in a private company, is worried. Usually on-time with his credit card payments, Dalvi has seen himself slide back in his payment schedule over the last two months.
Banks are raining car loans this festive season - easy financing options, low interest rates, no processing charges. Some attractive offers may come your way. But choose wisely, writes Vivina Vishwanathan.