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UPI Rule Change from today: The new UPI rules from August 1 will affect your day-to-day payment system if you are a PhonePe, Google Pay, Paytm or other UPI app user.  from mint - money

As TCS announces layoffs affecting 12,200 employees, job loss insurance is in sharp focus again. Here's what to do if you lose your job overnight.  from mint - money

According to the Income Tax Act, even if your income is tax-exempt, you still need to file an ITR if you spend more than ₹2 lakh on foreign travel for yourself or anyone else.  from mint - money

The core of this issue lies in understanding how health insurance policies are structured. from mint - money

The system actively pushes investors away from professional management toward do-it-yourself solutions that they may not be equipped to handle. from mint - money

Weddings in India often lead to significant expenses, prompting couples to consider personal loans. While these loans can offer quick funds, careful assessment of financial circumstances and repayment capacity is crucial to prevent excessive debt. from mint - money

Credit score: When debtors face financial struggles, accounts can be marked as settled or written-off. Settled accounts show partial payments made, while written-off indicates recovery efforts may continue despite significant defaults. from mint - money

Best mutual funds: Sectoral funds invest in a particular sector of the economy such as infra, banking, technology and pharmaceuticals whereas thematic funds select stocks of companies in industries which belong to a particular theme from mint - money

Credit card delinquencies in India rose 44 per cent to ₹33,886 crore, reflecting growing financial stress. Here are 5 smart credit card habits to avoid falling into debt. from mint - money

Selling a property after upgrading it? From kitchen remodels to boundary walls, here’s what you can claim as improvement cost under tax rules. Mint explains. from mint - money

Tax-payers opting for old tax regime can claim deduction on education expenses such as tuition fees, preventive health check-up, etc. Certain spending attracts TCS, which can be claimed regardless of old or new tax regime. from mint - money

Credit cards offer 45-day zero interest period aside from offering cashbacks and rewards. This typically goes in the favour of using card for rental payment from mint - money

Banks typically give upto 20 times of monthly salary to borrowers. Borrowers, in this case, used fake documents to inflate their salaries to increase their loan eligibility. from mint - money

The new Strata Elite Card by Citigroup, with a $595 annual fee, seeks to disrupt the luxury credit card market. It promises huge rewards for travel and dining, positioning itself against competitors like the American Express Platinum Card. from mint - money

Since the reimbursements were taxed at the withholding stage and a tax was deducted at source by the employer, you may consider the same as non-taxable while filing your ITR for FY25. from mint - money

Term insurance is more than a financial product. It is a public good, a stabiliser and an enabler of inter-generational progress. Countries with high life insurance penetration aren’t just better prepared for personal loss; they are also economically more resilient. from mint - money

These bonds, named after Section 54EC of the Income Tax Act, 1961, offer a tax exemption on long-term capital gains if bought withing six months of selling the asset. from mint - money

Delaying income tax filing in the country can lead to penalties and stress; this guide explains common reasons for late ITRs, penalties, and simple ways to file on time. from mint - money

As Mumbai sizzles with monsoon cravings, here’s a handpicked list of films and shows that’ll make you rethink your relationship with money. Forget the usual suspects—this lineup dives deeper. from mint - money

If you have a poor credit score, you could build your score gradually by repaying a small amount of personal loan first and then raising a bigger ticket loan soon afterwards from mint - money

The stress test for the month of June reveals that it will take 52 days for HDFC small cap fund to liquidate 50 percent and 26 days to liquidate 25 percent of its portfolio. from mint - money

While some banks charge just 0.25-0.5% extra, others may quote a much higher premium, making negotiation essential. from mint - money

A good middle-path? Edelweiss MF chief and proponent of SIPs for working Indians, Radhika Gupta, shares what she believes you should spend money on besides investments. from mint - money

Total value of financial transactions done by the credit card issued by the bank at PoS terminals in June stood at 67K crore in comparison to 69.6K crore in May. from mint - money

PayPal World is set to launch in late 2025 and will begin with offering interoperability between PayPal and Venmo. PayPal World will also include UPI as part of its initial launch. from mint - money

NPS: Pension fund managers (PFM) have delivered annualised return in the range of 17-19 percent in the past three years on equity investment from mint - money

Forex markup fees are additional charges on credit card transactions made in foreign currencies. These fees cover costs from banks and card networks. from mint - money

Filing ITR: Last date to file your income tax return for financial year 2025-26 is September 15, 2025 from mint - money

Credit card annual fees, typically ₹499 to ₹5,000, are charged yearly for card privileges. from mint - money

The latest crypto hack amounting to $44 million loss has reportedly left crypto investors anxious and fearful about investment in web 3 assets. After the hacking news spread, CoinDCX got a plethora of withdrawal requests: 31,462 in just 24 hours from mint - money

From presumptive tax to foreign tax credit, here’s how Indian freelancers working with overseas clients can manage ITR filings, remittances, and stay compliant while avoiding double taxation. from mint - money

Filing your ITR for FY 2024-25 requires essential documents like PAN, Form 16, AIS, capital gains reports, and investment proofs to ensure error-free, timely income tax return submission. from mint - money

Bank apply interest rates on personal loans to earn income on the funds they disburse to borrowers. The rate is referred to as an Annual Percentage Rate (APR) from mint - money

The rate of tax on capital gains will depend on whether the assets were sold before or after 23 July 2024. from mint - money

Opening a demat account with a broker requires an NRI to fill in lengthy forms, courier them to the broker after rectifying any errors, and find authorities in their country of residence to notarise original documents. from mint - money

Best Mutual Funds: We list out seven value funds which delivered more than 20 percent annualised return in the past five years. from mint - money

India’s new Income Tax Bill looks cleaner and reads easier, but critics say it repackages complexity, risks legal ambiguity, and may lead to fresh litigation in the name of reform. from mint - money

The dream of having ₹1 crore is increasingly unrealistic due to inflation, rising living costs, medical emergencies, and job insecurity. from mint - money

Instead of filing ITRs solely for claiming TDS refund, taxpayers may be able to do it by just filling up a simple form, according to a report from mint - money

A growing number of Indian entrepreneurs are moving to the UAE, especially Dubai, for its zero income tax. This trend is driven by the desire for better financial planning and lifestyle upgrades, as Indian tax laws impose significant taxes on global earnings. from mint - money

Mutual Funds: Mirae Asset ELSS Tax Saver Fund offers tax savings under Section 80C, a three‑year lock‑in period, low expense ratio and diversified equity portfolio, delivering strong long‑term growth of 18.70 % CAGR. from mint - money

Being unsecured, personal loans tend to carry a high rate of interest. Here we list out the interest rates charged by different banks including HDFC, ICICI and Kotak Mahindra from mint - money

Reserve Bank of India’s (RBI) monetary policy committee (MPC) started cutting benchmark interest rate in February this year. In the two successive policy meets, the banking regulator further cut the repo rate by 75 basis points, thus bringing the total interest rate lower by 100 basis points from mint - money

We instinctively seek information that supports our existing beliefs, while ignoring or dismissing contradictory evidence from mint - money

Missing a home loan EMI can impact your credit score significantly; taking prompt repayment actions, avoiding new loans, and monitoring your credit report can help rebuild your financial credibility. from mint - money

RBI early this month released a set of guidelines on pre-payment charges on loans which will be applicable to all commercial banks (excluding payments banks), cooperative banks and NBFCs. These will come into force from January 1 next year from mint - money

Mutual funds: If someone had invested ₹one lakh at the launch of Nippon India Aggressive Hybrid Fund on June 8, 2005, the investment would have grown to ₹10.53 lakh till June 30, 2025, giving an annualised return of 12.44 percent from mint - money

The latest NPCI circular states that the end use of such pre-sanctioned credit lines being linked to UPI will be aligned with the purpose for which loan was granted. from mint - money

Part-payment and pre-payment are strategies used by borrowers to manage personal loans. Part-payment reduces the outstanding balance gradually, while pre-payment eliminates the loan entirely. from mint - money

Mutual Funds: Apart from past returns, other factors which are worth considering by investors include the reputation of fund house, whether the scheme is active or passive, and the past performance of fund manager, among others. from mint - money

Here is a set of lesser-known Income Tax sections that are often overlooked by taxpayers. Exploring them before filing the return could help in significant savings. from mint - money

UPI payments linked to credit cards create opportunities for rewards on regular expenses. Users must be mindful of card compatibility and potential risks associated with credit, emphasizing the need for informed financial decisions. from mint - money

Before taking a personal loan via app, borrowers must check for RBI regulation, hidden fees, data access permissions, poor reviews, and absence of customer support to avoid potential financial distress. from mint - money

If shares are inherited or received by will, the HUF is entitled to the original cost and holding period benefits under capital gains provisions. from mint - money

Simple periodic rebalancing strategies outperform bucket strategies because they not only avoid selling equity at market bottoms but also actively buy equity when valuations are low. from mint - money

Getting access to bank lockers usually comes with long waitlists and in some cases banks ask investments in insurance or fixed deposits to make lockers available. Gold overdraft can give you access to banks’ vaults, but there are some caveats from mint - money

8th pay commission: What is it? When is the hike likely to be implemented? Who will benefit? How much will government employees get? All your questions answered… from mint - money

The 8th Pay Commission, approved by the Union Cabinet, aims to revise salaries for over a crore central government employees and pensioners. Recommendations are expected to be implemented by FY27. from mint - money

My 60-year-old father learned to use AI tools for investment decisions, shifting from skepticism to confidence. AI helped him navigate finance jargon, leading to a well-structured portfolio. from mint - money

The Income Tax Department has released ITR-2 and ITR-3 Excel utilities for FY 2024-25, enabling taxpayers with capital gains and business income to file returns before the September deadline. from mint - money

Maximise credit card cashback and rewards with smart spending, card selection, bonus tracking, and full payments to enhance savings and avoid interest in the nation’s evolving credit landscape. from mint - money

NPCI boosts RuPay credit cards with bank incentives, aiming to challenge Visa and Mastercard’s dominance by leveraging UPI integration and offering attractive fee-based rewards to issuers. from mint - money

Premium credit cards offer concierge services that assist with travel, dining, and gifts, acting as personal assistants for cardholders. from mint - money

Health insurers offer coverage for pre-existing diseases like diabetes, hypertension, and asthma from Day 1. Key features include hospitalisation coverage, pre and post-hospitalisation expenses, day-care procedures, and organ donor expenses, with some exclusions such as cosmetic surgery. from mint - money

Gold ETFs surged over sixfold to ₹2,080.9 crore in June, while other ETFs dropped 79% to ₹844.4 crore. Equity mutual fund inflows rose 24% to ₹23,568 crore, contributing to a total mutual fund inflow increase of 67% to ₹49,301 crore in June. from mint - money

Understanding credit card late fees, over-limit charges, and GST can help manage finances. Responsible credit card use prevents it from becoming a liability. Mint aims to educate on credit, advising consultation with experts before taking credit due to associated risks. from mint - money

Try to avoid common income tax return mistakes for FY 2024-25 to prevent scrutiny and tax notices. Know key filing errors, TDS mismatches, and e-verification lapses flagged by the tax department. from mint - money

SBI personal loan interest rates in July 2025 range from 10.30% to 15.30% annually, with charges varying by scheme, borrower profile, and employment type. Processing fees and EMI details included. from mint - money

Some benefits of a digital personal loan include applying from anywhere, faster video KYC from anywhere, faster processing, digital signing of loan documents, disbursement in the bank account, etc. from mint - money

Navigating the complexities of provident fund claims can be daunting, especially when faced with rejection. Deepak Bhatter's experience sheds light on the crucial steps to take, including the powerful RTI application. from mint - money

Boosting your credit score from 580 to 800 involves timely repayments, low credit utilisation, diverse credit mix, fewer loan inquiries, and regular monitoring of your credit report to ensure accuracy. from mint - money

A personal loan can aid in managing finances for emergencies or debt consolidation, but requires careful planning. Assess your needs, maintain a good credit score, and ensure your spending aligns with your long-term goals to avoid debt traps. from mint - money

Some steps to manage personal loan EMIs effectively include automatic payments, monthly budgeting, making partial/full prepayment, loan consolidation, balance transfer, regular review, etc. from mint - money

Here, we list out some credit cards which offer reward points on the payment of insurance premium from mint - money

It is possible to structure a group health insurance policy for your retired employees. Such a policy can be custom-designed with varying waiting periods for pre-existing diseases based on the size and composition of the group. from mint - money

In India, it is common practice to have all assets and investments, and even bank accounts, in joint names with a spouse or child. from mint - money

Use of tools like Claude AI to analyse portfolios and get buy and sell stock recommendations pose a new challenge for advisors and investment managers. from mint - money

Business credit cards serve to manage business expenses, maintaining a clear distinction from personal transactions. Offered by various banks with different fees, they enhance cash flow and simplify financial management for businesses, freelancers, and employees in growing companies. from mint - money

It's crucial to weigh the pros and cons of home ownership vs renting, especially if you're an urban professional in your 20s or 30s. What's best for you depends on your financial situation, life goals, and local housing market. from mint - money

A personal loan gives the borrower a lumpsum amount along with an EMI repayment plan spread evenly throughout the tenure. A line of credit provides access to a specified amount that can be used as and when required and flexibility for repayment. from mint - money

Other key factors which should influence a borrower’s decision to choose a lender include processing charges, lender’s reputation, other hidden charges & the overall experience of securing a personal loan. from mint - money

Choosing between a business and personal credit card can be difficult for independent contractors and business owners. Business cards simplify accounting, while personal cards cater to everyday expenses. from mint - money

Changes in the credit card rules are typically minor tweaks, latest updates or revisions in time limits. These relate to the reward points, access to lounge, time duration and so on. They do not fundamentally change the character or spirit of the card. from mint - money

With the rise of self-employment in India, the gig economy is booming. Although freelancers face challenges in obtaining credit cards, tailored options are available. This guide outlines the necessary criteria and various credit card choices for self-employed individuals. from mint - money

Avoiding common financial mistakes is crucial to maintaining a healthy credit score. This article outlines seven habits that can instantly hurt your creditworthiness and impact loan eligibility. from mint - money