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A strong credit score (preferably 685 or above), steady income, and a clear debt record all work in your favour

Updated : Apr 14, 2025

Personal loan rejected? Here's what to do next and how to improve your chances

More often than not, loan denials stem from issues you can fix — be it a low CIBIL score, high debt, or missing paperwork. Knowing what went wrong and how to correct it can dramatically boost your approval odds the next time you apply

These updates demand prompt action — missing out could mean lost benefits or financial penalties.

Updated : Mar 31, 2025

April 1 deadline looms: From tax slabs, new pension rules to UPI shutdowns, here’s what changes for your money

Unveiled during the Union Budget 2025 by Finance Minister Nirmala Sitharaman and followed by a series of announcements, these changes are set to reshape your financial landscape in ways both big and small.

His remarks ignited a discussion on wealth creation, real estate, and financial mobility in India.

Updated : Feb 17, 2025

‘Phenomenal achievement’: Financial planner explains why being a dollar millionaire in India is rarer than elsewhere

“In that case, India might top the charts soon — real estate prices are skyrocketing, and in rural areas, large land holdings are passed down generations without ever being sold. Wealth here isn’t always liquid, but it’s definitely substantial!” one user commented.

Officials highlight several reforms undertaken to enhance claim settlement

Updated : Feb 6, 2025

EPFO processes record 5.08 crore claims worth Rs 2.05 lakh crore this fiscal

The auto-claim settlement, where the payment is credited to member accounts within three days doubled to 1.87 crore claims in the current financial year from 89.52 lakh auto claims processed during the whole of FY24.

AI-powered apps are reshaping personal finance

Updated : Jan 14, 2025

AI-powered apps redefine personalised money management

The AI-powered financial tools are reshaping personal finance by offering advanced features like consolidated account views, automated bill reminders, and detailed spending analyses.

The Ministry of Labour and Employment emphasized that DBT benefits will be available only to employees with activated UAN and Aadhaar-linked bank accounts.

Updated : Jan 12, 2025

Don’t lose your EPFO benefits: Link Aadhaar, activate UAN by this date

The ELI Scheme offers financial incentives for first-time employees, job creation in manufacturing, and employer support through Direct Benefit Transfer. To avail these benefits, employees must activate their UAN and link Aadhaar to their bank accounts.

To get a good return one should invest in the equity market.

Updated : Sep 28, 2024

I want to invest Rs 10 lakh. What is the best way to invest to get better returns?

As the market is always high and moving in one direction, small corrections may occur, but in the long run, the market is positive as the fundamentals of companies are strong.

Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, voted for Dal-Chawal Investing", which meant sticking to disciplined, long-term investing.

Updated : Sep 27, 2024

80% of your portfolio should be 'Dal-Chawal': Radhika Gupta's investment mantra

Speaking at the India Today Conclave Mumbai 2024, Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, said that a simple, core investment strategy can help investors ride out the market's ups and downs.

Some airline companies have introduced co-branded credit cards that offer exclusive benefits such as free air tickets, priority check-in, and additional baggage allowance.

Updated : Sep 25, 2024

How to get the most out of your co-branded credit card

Co-branded credit cards are designed to meet the diverse needs of customers by providing customised reward points and benefits that can be easily redeemed based on their preferences.

Under the newly introduced UPS, employees are assured a guaranteed pension amounting to 50% of their average basic pay.

Updated : Aug 27, 2024

Pension planning for government employees: UPS or NPS? The clock is ticking

Unified Pension Scheme (UPS), which will be applicable from 1 April 2025, is specifically designed for central government employees and comes as an alternative to the existing National Pension Scheme (NPS).

The robust gain in the asset base was also replicated in the growth of investors in equity mutual funds, with the number of folios closing at 13.3 crore, adding an investor base of over 3 crore.

Updated : Jul 28, 2024

Investment in equity MFs surge 5-fold to Rs 94,151 crore in June quarter, total AUM jumps 59%: AMFI data

Within the equity segment, sectoral or thematic category attracted Rs 46,731 crore during the quarter under review, followed by Multi-cap (Rs 10,077 crore), Flexicap (Rs 8,387 crore), Large & Midcaps (Rs 7,948 crore), Smallcap (Rs 7,197 crore) and Midcap (Rs 6,927 crore).

The GPF interest rate will be in force w.e.f. July 1, 2024.

Updated : Jul 5, 2024

Centre keeps General Provident Fund, other provident funds' interest rates at same level for Q2 FY25

Other schemes that will fetch interest rates of 7.1% for the July-September quarter are: Contributory Provident Fund (India), All India Services Provident Fund, The State Railway Provident Fund, The General Provident Fund (Defence Services) and The Indian Ordnance Department Provident Fund.

The order also includes a demand of Rs 592.41 crore as interest.

Updated : Jun 28, 2024

HDFC Life Insurance gets Rs 1,495.17 crore tax demand notice, firm says ‘demand incorrectly computed’

The aforesaid order will have no adverse material impact on the financial operations of the company and the same shall be further contested by way of an appeal before the Appellate Authority, the company said in a filing to the exchanges.

YES Bank-ANQ Pi credit card is a digital-only card that offers credit on UPI for domestic transactions.

Updated : May 4, 2024

Cards this week: YES Bank launches Pi, Phi credit cards, cashback update on RuPay-JCB cards

YES Bank has launched two Pi and Phi co-branded cards that have unique features and benefits.

The feature will be available to users by May 31, 2024, the NPCI said.

Updated : Apr 3, 2024

Rupay Credit Card: Users can now apply for EMIs on purchases directly from UPI app

Users can now avail of EMI (Equated Monthly Installments) facility on the linked credit accounts through their UPI app. Besides, they can also manage Credit Account Bill Payment, Instalment Payment and limit management on the UPI app.

With the start of the new financial year 2024-25 from April 1, there will be a number of changes in terms of personal finance.

Updated : Apr 1, 2024

What changes from April 1: New tax regime, NPS, credit cards, insurance policies. All the details here

New fiscal year: Effective April 1, 2024, the government will implement the New Tax Regime as the default setting.

Investing in EPF qualifies for tax deduction under section 80C of the Income Tax Act. An individual can claim a deduction for his contribution towards the EPF account up to Rs 1.5 lakh in a financial year.

Updated : Mar 31, 2024

How investments in EPF scheme can help you save on tax

Contributing a portion of your salary to the EPF account every month allows you to enjoy multiple tax benefits and ensure a financially secure future.

The two-factor Aadhaar authentication system will be introduced as an add-on check to validate the genuineness of the fingerprint and further enhance security.

Updated : Mar 26, 2024

NPS New Login Rules: How to use two-factor Aadhaar authentication from April 1. Check details

NPS Login Rules: The PFRDA had said an Aadhaar-based login authentication will be integrated with the current User ID and Password-based login process, enabling two-factor authentication for accessing the NPS CRA system.

Atal Pension Yojana (APY) is a pension scheme focused on the unorganised sector workers. It was launched in 2015.

Updated : Mar 26, 2024

'Atal Pension Yojana design based on best practice': FM Sitharaman counters Jairam Ramesh over flagship scheme

Congress general secretary Jairam Ramesh on Tuesday said 'Atal Pension Yojana is a "fitting representation of the Modi Government's policy making: headline management, with few benefits actually reaching the people".

He further said that the 3 pillars are very important when you target a small ticket size. First, you need to have digital technology in place; you cannot do it manually.

Updated : Mar 22, 2024

Digital lending: PM SVANidhi exemplifies effective distribution of small ticket-size loans for vendors, says Asheesh Pandey of Bank of Maharashtra

Amidst such challenges, the PM SVANidhi scheme stands out as an exemplary and efficient method for disbursing loans to vendors.

With a CIBIL score between 740-799, an interest rate of 8.75% would result in a monthly EMI of about Rs 55,069, saving you Rs 1,255 monthly.

Updated : Mar 20, 2024

Home loan conundrum: Should you switch lenders to slash your EMI burden? Here's what experts say

Based on your current home loan details, switching to a new lender with a lower interest rate could be advantageous.