Page 175 - Personal Finance

SC ruling decoded: Banks can charge you more for late credit card payments

With the removal of the 30% cap, banks and financial institutions may have more flexibility in setting interest rates on late credit card payments.

Insurance portfolio review: Up term cover with rising income, liabilities

A good rule of thumb is to purchase term cover amounting to 7-10 annual income, plus outstanding liabilities

Travel insurance for holidayers should depend on place, trip duration, age

Travellers are also increasingly opting for add-ons covering refunds, adventure sports, and cyber fraud

Indians can travel to Malaysia without a visa for 30 days until Dec 2026

Malaysia has officially extended its visa exemption for Indian nationals until December 31, 2026, allowing them to visit the country without a visa for up to 30 days.

All-inclusive 1-way fares from Rs 1499: Xmas discount offer from Akasa Air

The sale is valid for 'Saver' and 'Flexi' fares on bookings made between 24 December 2024 and 26 December 2024, for travel starting from 7 January 2025.

Algo trading: Understand risks, have realistic return expectations

The circular is expected to provide retail investors access to registered and approved algos, ensuring their interests are protected

Soon, unregulated loan apps may be banned with Rs 1 cr penalty, 10-yr jail

A definition of "unregulated lending activities" to cover loans offered outside the scope of existing regulations, including digital lending platforms

DBS Bank launches overseas education solutions with free transfers & loans

This programme helps Indian students studying abroad with zero-fee international transfers, education loans and travel insurance

Inflows into largecap MFs up 731% in a yr, sectoral funds see 289% growth

The Indian mutual fund industry has witnessed an over 135 per cent surge in net inflows and nearly 39 per cent growth in net AUM (Assets under Management) over the last one year.

New H-1B visa rule: Entrepreneurs can get visa sponsored by their own firm

"This change is promising for the growing number of Indian startups and innovators looking to access the US market," said Varun Singh, Managing Director at XIPHIAS Immigration

Ghajini, Queen producer Madhu Mantena buys 3 Juhu apartments for Rs 26 cr

The properties have been registered under the name of his company, Big Bang Mediaverse Private Limited.

Finance sector deadline for 'masking' KYC documents extended till Jan 20

Once security measure is enforced, registered reporting entities will only be able to view the last four digits of KYC identifiers such as Aadhaar, PAN, Voter ID, driving licence

Tax saving on mutual funds as Hindu Undivided Family: Here's how to do it

Income is taxed separately from individual incomes, preventing clubbing and reducing the likelihood of higher tax brackets

PE investments in residential realty up 104% on year, Mumbai most favoured

In 2024, investors from the UAE were the largest contributors, investing $1.7 billion, which accounted for 42% of total PE investments.

UK visas 2025: Indians to face 11% higher financial requirements from Jan

Skilled workers applying for the first time must show they earn above £38,700 to cover living costs and accommodation

Govt staff can get reimbursement for emergency help at non-CGHS hospitals

Delhi High Court clarifies rules after petitioner says she could not locate a hospital empanelled under the CGHS scheme for emergency surgery

New US consulate set to open in Bengaluru by Jan 2025 amid high visa demand

Currently, the US operates consulates in Chennai, Hyderabad, Kolkata, Mumbai, and New Delhi

20% of India's super-rich are under 40, fuelled by start-ups, fintech, IPOs

The number of high net worth individuals (HNIs) is likely to double to 1.65 million by 2027 from the current 850,000, according to a study by real estate consultancy firm Anarock.

Evaluating individual fund: Base decisions on 8 quarters of performance

If you need money for an emergency, your goal is near, or with advancing age you prefer a lower allocation to equities, consider redeeming

Steep rise in premium, poor claim experience? Consider porting your policy

Check for loopholes in coverage, like sub-limits, and evaluate whether you need to augment coverage through a super top up policy