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Investors can contribute between ₹500 and ₹1.5 lakh annually to a PPF account, which offers a 7.1% interest rate. With monthly investments of ₹12,500, one can accumulate nearly ₹1.5 crore over 30 years, benefiting from tax exemptions from mint - money

A taxpayer inquires about offsetting long-term capital gains from the current year against a previous year's long-term capital loss, while carrying forward this year's loss. Tax regulations allow such set-offs under specific conditions, emphasizing the need to apply inter-source adjustments first from mint - money

Credit Cards: Virtual cards aim to provide secure and convenient payment solution, minimizing fraud risks compared to physical cards. from mint - money

While Gold has risen 14% over the last five years, gold coins bought during the period may yield as low as 5.57% from mint - money

Starting his journey as an investment advisor to farmers in rural Maharashtra, Sawant now wants to build a platform that gives users one-stop access to all financial data from mint - money

Buying gold on Dhanteras is a blend of cultural tradition and financial investment, linked to the festival's auspiciousness. Increased rural demand and favourable economic conditions are expected to drive purchases, as gold symbolizes wealth and prosperity during the Diwali celebrations from mint - money

Mint has compiled a list of banks and housing finance companies, in collaboration with BankBazaar, that are offering special offers this season. from mint - money

Long-term capital losses can be set off only against long-term capital gains within eight years. from mint - money

Sebi will enforce insider trading regulations on mutual fund units, requiring enhanced compliance and monitoring measures. With significant implications for transparency and investor protection, this regulation marks a pivotal moment in India's financial landscape from mint - money

Amit Upadhyaya, a Pune-based executive, has achieved financial independence at 46 by investing wisely in stocks and funds, particularly during the pandemic. His investments have grown significantly, allowing him to focus on passions and consulting when he retires. from mint - money

Tax reforms have turned the investment world on its head, especially for debt mutual funds. As investors face potential losses in returns, innovative alternatives like arbitrage funds offer a silver lining. from mint - money

Those who want to earn the upside on the precious metal without having to worry over its safety and storage can invest in sovereign gold bonds (SGBs) or gold ETFs this Diwali. Moreover one can buy as low as one gram of gold ETF from mint - money

These small savings schemes, also known as post office savings schemes, offer interest rate upto 8.2 percent per annum. Investment in these schemes enable investors to claim income tax deduction from mint - money

Varun Gupta, CEO of Groww MF, highlighted the importance of starting investments early, maintaining a disciplined approach, and suggested a balanced portfolio focusing on equities, mutual funds, and careful real estate decisions for a secure financial future. from mint - money

Through disciplined savings and smart investments, Radhakrishnan transformed his finances, demonstrating that financial recovery is achievable with the right guidance and strategies. from mint - money

Do Patti on Netflix: An angry young man, rivalry among twins, and a relentless cop who wants to bring justice to the wronged wife. The money lessons from this twisted domestic tale of love and greed from mint - money

Credit cards: Each time you exchange money, your bank or card provider charges a forex markup fee, which is a percentage added to the mid-market exchange rate. A lower markup means you pay closer to the actual exchange rate, reducing overall costs. from mint - money

If you see gold as purely an investment, gold ETFs could be right for you. You can buy these at a fraction of the price needed to buy physical gold and save yourself a lot of hassle to boot. from mint - money

Mutual Funds: If you want to start investing now, you don't need to loosen your purse strings right now. You may invest in small doses of, say, ₹1,000 in each scheme you decide to take invest into. from mint - money

FD interest rates: Most banks typically offer a higher rate of interest on their long-term fixed deposits whereas they offer a lower rate when the FD tenure is short. For instance, a fixed deposit of six months typically offers a rate which is lower than that of a 2-year-term deposit. from mint - money

Mutual Funds: If you had invested ₹1 lakh in DSP ELSS Tax Saver Fund at the time of its launch in January 2007, the investment would have now become a whopping ₹14.44 lakh, thus delivering an annualised return of 16.27 per cent. from mint - money

Only parents and legal guardians are legally authorised to invest in a child's name.Best way is to open bank account in child's name and transfer funds for investments, or invest in your name and gift them to grandchildren via a will from mint - money

Can hybrid funds, with their blend of equity, debt, and gold, be the key to reducing risk and delivering steady returns across market cycles? Are they the ideal choice for both lump-sum and SIP investors? from mint - money

The future of credit cards is promising, evolving with contactless payments, biometric security, and personalized rewards. Consumers must use these innovations responsibly to maximize benefits while managing financial health. from mint - money

Cashback credit cards provide customers with a percentage of their spending returned as rewards, often up to 5%. These rewards can be used to offset credit card bills, but certain transactions like EMI and fuel purchases are typically excluded from cashback benefits. from mint - money

Real Estate: REITs and InvITs are crucial investment tools in India, enabling investors to access real estate and infrastructure sectors. REITs, launched in 2014, focus on income-generating properties, while InvITs, introduced in 2016, concentrate on infrastructure assets. from mint - money

Credit Cards: To secure your finances after losing a credit card, contact your bank immediately to block the card. Change passwords for linked accounts, file a police report, and review statements for unauthorized transactions. from mint - money

Personal loan: Securing a personal loan requires a strong application, good credit score, and thorough documentation. Assess your repayment ability and consider income thresholds before applying. Stability in employment and consulting a financial advisor can also improve your chances. from mint - money

The intention behind Section 80DD of the income tax law is to ease the financial burden on caregivers and to create a fund for dependents to address inflation and healthcare costs. from mint - money

Mint spoke with young couples on what were their direct and indirect costs in their first year as new parents. from mint - money

The Union Budget 2024-25 introduced an amendment to section 192 of the Income Tax Act, which became effective on 15 October. from mint - money

FD interest rates: After the RBI carries out a cut in the repo rate, most banks would follow suit, and we could soon witness slightly lower rates on lending and on term deposits from mint - money

The National Museum of Indian Cinema in Mumbai screens restored classics weekly, offering nostalgia and an introduction to old films for new audiences. As old favorites draw crowds, filmmakers capitalize on their appeal, providing valuable lessons in both cinema and investing. from mint - money

Personal loans: Evaluate loan offers carefully to improve your financial situation. Key factors include interest rates, loan terms, and associated fees. Understand your credit score and financial needs to find the best deal while minimizing debt risks. from mint - money

Personal loans: It can help with various expenses, but hidden fees may increase costs. This article examines common hidden charges and offers tips to avoid them, promoting a better understanding of the borrowing process and encouraging informed financial choices. from mint - money

Credit cards: To effectively manage debt, individuals should develop a budget, prioritize payments, and explore consolidation options. Proactive financial management is essential to prevent excessive debt and ensure long-term financial stability. from mint - money

Personal loan: If you are falling short of money required to organise a wedding, you should not have any qualms about raising a loan. It is, however, vital to note that one should raise a loan to meet a part of the expenses, and not for the entirety of it from mint - money

Before taking a personal loan, evaluate interest rates, your financial needs, and repayment capacity. A good credit history is essential for approval. Use online resources like EMI calculators and bank websites to stay informed and make the best choice. from mint - money

Personal loan: Failing to pay personal loan EMIs can result in serious consequences, including credit damage and legal action. Understanding loan agreements, timely payments, and consulting with financial advisors can help mitigate risks. Always check for updated loan provisions from banks. from mint - money

Personal loan: Wealth advisors suggest to raise interest-free loan from the friends and family if you know that you can pay it back in the near future. And in case this loan is going to fall short of your requirement, then you may rely on a bank loan from mint - money

While value investing is centred around identifying price inefficiencies, Quality investing emphasizes the long-term stability and strength of a business. from mint - money

Here are five lifetime free and low-fee credit cards offering domestic lounge access suitable for those who use the facility frequently from mint - money

Personal loan is unsecured which means you don't need a collateral to raise it. This is, in fact, the key reason for high rates of interest charged by banks on these loans from mint - money

Choosing the right fund manager involves looking beyond basic qualifications. from mint - money

Credit card: Choosing a lifetime free credit card requires analysing benefits and personal spending habits. These cards, free from annual fees, provide valuable features. In 2024, consumers can find options that align with their financial goals, including cashback and travel rewards. from mint - money

Personal loans: In times of crisis, personal loans serve as a vital financial resource, providing quick access to funds without collateral. While they offer flexibility and competitive rates, borrowers should exercise caution and seek financial advice to maintain stability. from mint - money

Planning finances in advance safeguards against emergencies and aids in long-term goals. A structured financial plan enhances savings, manages day-to-day expenses, and includes elements like retirement, investment, and tax planning for financial independence. from mint - money

Credit card: Different types of credit card fee include annual fees, interest charges, late payment fees and balance transfer fees. You can take a number of steps to avoid them such as payment of fees in full, avoiding cash advances and preferring to use no-fee cards from mint - money

Personal Loan: A personal loan is an unsecured loan offered by a bank or financial institution for a range of purposes which are quite personal in nature and, therefore, do not fall in any broader category of loan such as a house loan or business loan from mint - money

This 20-year-old business administration student hacked his way through Thailand, Laos and Vietnam, and found a global network for future travels on a budget. from mint - money

Tenants of NRI landlords must set aside TDS from rent and transfer the amount to the government every month. Non-compliance can lead to interest, penalties, and legal repercussions. from mint - money

Sovereign Gold Bonds offer tax-exempt early redemption after five years. Gains from such redemption aren't treated as income, eliminating the need for declaration in ITR2. Optionally, profits can be reported under Exempt Income for thoroughness from mint - money

Effective debt management becomes crucial as India approaches a wedding season with 3.5 million events from mint - money

ICICI Bank is cutting credit card benefits, including no reward points for government-related spending and caps on grocery and utility transactions. New fees on education and fuel payments are implemented, with changes effective from November 15. from mint - money

Jigra, directed by Vasan Bala, stars Alia Bhatt as Satya, a determined sister rescuing her brother Ankur from prison. The film highlights love and investment lessons amidst a predictable storyline filled with cinematic nods and chaotic prison break antics. from mint - money

Personal loan: Understanding personal loan interest rates is crucial for financial decisions. Factors such as credit score, employment type, and lender relationship can affect rates. Consulting a financial advisor and maintaining a good repayment history can help secure favourable loan terms. from mint - money

Amitabh Bachchan turns 82 today. He boasts a massive net worth from his Bollywood career and investments. His real estate holdings, including properties in Mumbai and France, exceed ₹200 crore.  from mint - money

Credit Card: Secured credit cards, backed by fixed deposits, help individuals with poor credit scores access credit. They allow users to build credit history while minimizing overspending. Though limited in benefits compared to unsecured cards, they serve as a stepping stone for credit improvement. from mint - money

Personal loans offer quick access to funds for various needs but require careful evaluation. This article discusses their benefits, drawbacks, and essential do's and don'ts for responsible borrowing to ensure they serve as a valuable financial tool. from mint - money

Personal loan: Credit cards are ideal for small purchases, offering rewards and cashback. Personal loans suit larger expenses with lower interest rates and fixed terms. Understanding both options helps individuals make informed financial decisions based on their needs. from mint - money

Content creators in India remain dangerously exposed to cyberattacks, with no dedicated insurance products to protect them. from mint - money

Personal Loan: In order to raise personal loan the same day, it is imperative that you apply online with a bank, NBFC or a fintech platform, upload the documents that you have handy. If your profile is approved, you may be given a personal loan the same day from mint - money

Personal loan: Instant loan is typically given by a bank or financial institution when you share a long lasting relationship with the institution, and by virtue of this relationship, they carry most of your necessary documents required to approve a loan from mint - money

The RBI has maintained its key interest rate at 6.5% for the tenth time, as announced by Governor Shaktikanta Das. The MPC also raised the per transaction limit to ₹10,000 and enhanced UPI Lite wallet and transaction limits. from mint - money

Credit card: The amount of liability a credit card user has to incur on account of unauthorised transaction on a lost credit card is governed by the rules framed by the Reserve Bank of India (RBI) from mint - money

Credit card users in India can boost rewards during the festive season by leveraging special promotions from banks and e-commerce sites, with discounts of 10%-15% from mint - money

A US resident can gift money to a sibling in India without tax implications. Proper procedure must be followed, including acceptance of the gift from mint - money

Personal loans can help manage expenses but require caution due to high interest rates. Improve your approval chances by enhancing your credit score, evaluating repayment ability, and preparing necessary documents. from mint - money

No one wants to be that “dumb” investor to invest right at the top, see a substantial decline, and then be told: “Of course, the market was set for a crash. Didn’t you see all the signs?” from mint - money

If the fraud was due to the bank’s negligence, you’re entitled to zero liability, regardless of when you report it. But in cases where neither the bank nor you is at fault, zero liability only applies if you report the incident within three working days. from mint - money

PMS are professional investment management services that help investors achieve financial goals through customized portfolios. They offer benefits like asset diversification, regulatory compliance, and real-time access, but may have higher costs. from mint - money

Personal loan: Common myths about personal loans include they can be used only for emergencies, it takes time to get them, they are expensive, they need a high credit score, only salaried people get them, etc. from mint - money

Personal loan: While personal loan is an unsecured loan, a secured loan typically is given for specific purposes such as to buy a car or a house and these assets are secured by the bank before the loan is disbursed from mint - money

Alimony payments, whether made monthly, annually, or as a one-time lump sum, are considered a personal obligation and are not tax-deductible for the payer. from mint - money

E-visas and electronic travel authorizations help skip embassy and consulate visits and expedite travel paperwork, but beneath the surface of convenience lies a web of complexities. Explore the common pitfalls and essential tips and embark on your next hassle-free travel adventure from mint - money

While personal loan is an unsecured loan, interest rate charged on it is typically higher. So, you will be charged somewhere around 11 to 16 percent on the money you borrow to finance your wedding. from mint - money

Credit Cards: The interest rate on credit card kicks in when you miss the due date of payment. But during the interest-free period of 40-45 days, no interest is applicable from mint - money

The PM Kisan Yojana offers eligible farmers ₹6000 annually in three installments. Farmers must register and update their eKYC to avail the benefits from mint - money

Joker: Folie a Deux: It’s October and finally there’s a dark, psychological thriller that has quietly released in theatres with Oscar worthy performances from Joaquin Phoenix and Lady Gaga. It’s a musical and it’s dividing the DC comics fans the world over. from mint - money

Student credit cards are generally issued either against a fixed deposit or as an add-on card to a primary credit card user. We give a lowdown on the student credit cards here. from mint - money

Personal loans can address urgent financial needs but require careful consideration. Evaluate repayment ability, compare rates, and use them for significant life decisions, emergencies, or debt consolidation. from mint - money

Credit Cards: Each credit card has different set of features and benefits and one should compare each of these cards before zeroing in on one. For instance, one card may be offering higher reward points but may have a higher annual fees from mint - money

Credit Cards: ICICI Bank offers a range of credit cards such as MakeMyTrip ICICI Bank Signature Credit Card, MakeMyTrip ICICI Bank Platinum Credit Card, Emirates Skywards Rubyx Credit Card, Emirates Skywards Sapphiro Credit Card and ICICI Bank Accelero Credit Card. from mint - money

Personal Loan: Financial emergencies can deplete savings quickly. Personal loans offer flexibility and competitive interest rates, making them ideal for managing crises. Unlike credit cards, they have lower rates and longer terms, and the application process is simple. from mint - money

Gifting a share of property to you and your son is not taxable, as it's from a relative. Capital gains from selling the property may qualify for exemption under Section 54 if reinvested from mint - money

During the festive season, first-time borrowers should exercise caution when taking out personal loans. By planning budgets, comparing lenders, and understanding repayment capacities, individuals can manage their finances effectively and avoid stress from mint - money