Page 331 - Personal Finance

RBI hikes UPI limit for hospital, educational payments: What does it mean?

RBI MPC: In another key announcement related to digital payments, Governor Shaktikanta Das proposed to hike the e-mandate for recurring payments to Rs 1 lakh from the current Rs 15,000

No OTP needed for UPI payments up to Rs 1 lakh for credit card bills, MF SIPs

This will be helpful to users who regularly use UPI for their SIPs and credit card bills as these transactions would now be automated and will not require their intervention every month to process pay

RBI policy: Depositors can continue to enjoy high FD rates for now

With the rise in the lending rate of banks, there has been a simultaneous increase in fixed deposit rates as well. As of now, many banks are offering FD interest as high as nine per cent

Chart: Room rates in India hit new peak , averaged Rs 6,869/ day in FY2023

Room rates in India averaged Rs 6,869/day in fiscal year 2023, with February 2023 hitting a new peak at Rs8,300/day compared with the earlier peak of Rs 8,000/day in fiscal 2008, according to a study

All about property transfer, insurance ULIPs: Top personal finance stories

This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers

Loan EMIs to rise! Ahead of RBI decision, HDFC Bank hikes MCLR

As of December 7, 2023, the revised rates for overnight MCLR stand at 8.70 per cent; for one month, it is 8.75 per cent; for three months, it is 8.90 per cent; for six months, it is 9.15 per cent

Children's fund: Lock-in is useful if you tend to exit amid high volatility

Before investing, understand the fund's portfolio composition, and whether it suits your risk appetite and horizon

Index funds by life insurers vs mutual funds: What's a better deal

To invest in a small-cap index fund of a life insurance company, a customer will need to invest in a ULIP

Acko's car, bike insurance will now be available on PhonePe

As of now, PhonePe offers a number of insurance products, including health insurance, car insurance, bike insurance, and travel insurance, among others

What the new Nifty50 Total Return Index is all about

The new Nifty 50 Net Total Return index aims to measure how Nifty 50 performs by taking into account reinvested cash dividends and gains from bonuses issued

Fund review: Axis long term equity

Fund review: Axis long term equity

Term insurance plans of 9 companies explained in single chart

Premium, rules, and tenure of coverage are listed in Policybazaar chart

Portfolio rebalancing: Is it time to move away from small-caps?

According to data from the AMFI, as of December 6, 2023, the average one-year returns for 23 small-cap funds stood at 32.68 per cent

World Cup fuels India's tourism boom, sparks 12.5% surge in contactless payments

The average stay of the international audience during the World Cup was 11 days whereas visitors from New Zealand stayed longer.

Misreported income leads to penalty: I-T dept advises to file revised ITR

"Misreporting of Income may result in penalty and prosecution proceedings under provisions of Income Tax Act, 1961," said the I-T department

With small & midcaps outperforming, direct more money to largecaps: Experts

Rebalancing by allocating more to an underperformer will help you avoid tax liabilities

80% of all term deposits are in the Rs 1.5-10 mn range, 60% from metros

At least 50 per cent of the deposits are still in the 7-8 per cent interest rate bucket. This has seen a 10 percentage points increase in the first quarter of fiscal year 24.

All you need to know about new DSP Nifty Smallcap250 Quality 50 Index Fund

The new fund offering has been open for subscription since December 5, 2023, and will close on December 15, 2023. The fund managers of the scheme are Anil Ghelani and Diipesh Shah

Infra, manufacturing, utilities to be biggest beneficiaries of bull market

Apart from the aforementioned traditional sectors, current capex cycle may have additional drivers in the form of new-age sectors such as data centres, AI infrastructure, EVs and green energy

NPS: Select and switch fund managers based on long-term performance

Monitor seven or 10-year performance and switch if underperformance persists for two years