Page 64 - Personal Finance

Mahindra Finance detects Rs 150 cr loan fraud: What we know so far

In respect of retail vehicle loans disbursed by Mahindra Finance, the fraud involved forgery of KYC documents leading to embezzlement of company funds

Konark Urban Co-op Bank: RBI restricts customer account withdrawals

Konark Urban Co-op Bank customers cannot withdraw money from any type of account, whether it's a savings, current, or any other account

EU eases Schengen visa rules for Indians: Costs, processing time explained

With relaxation of Schengen visa rules, frequent Indian travellers will now be able to apply for five-year multiple entry visas, which puts them at par with "visa-free nationals"

Amid varied risk levels, review portfolio before choosing credit risk fund

Only investors with high risk appetite should opt for them; limit allocation to 5-10%

What are debt funds? Who should invest in them? Here's all you need to know

Debt funds invest in various fixed-income instruments including bonds, treasury bills, and commercial paper

69% Indians prefer US for higher education over UK, Canada, shows survey

Parents/guardians are the biggest influencers in shaping the decision to pursue education abroad among Indian students

Section 54F: Avoid capital gains tax on jewellery sale with house buy

In India, no tax has to be paid on inheriting gold, but its sale triggers capital gains tax

Major updates to ICICI Bank and YES Bank charges from May 1: Details here

ICICI Bank and YES Bank will implement revisions to their service charges. These revisions will also see the discontinuation of several account types

Explained: The Rs 6,600 cr Bitcoin ponzi scam involving Raj Kundra

The Ponzi scheme allegedly swindled Rs 6,600 crore from investors by promising high returns through Bitcoin mining

Panama Papers: From Singapore to Switzerland, which are the top tax havens?

The Panama Papers trial, which concluded on Friday, has once again brought the topic of tax havens into focus. Here are things you need to know about them

Forget US, Canada, UK: Indian students now prefer Netherlands, Finland

2024 is set to spotlight alternative study destinations for Indian students like Ireland, the Netherlands, Finland, Singapore, South Korea, Lithuania, Estonia, Chile, Turkey, Malta, and Taiwan

Crowdfunding: What happens to the money when patient dies? Queries answered

Whether it's gathering widespread support or simply alleviating the financial burden of healthcare, crowdfunding empowers people to seek help in an effective and humane manner

Retirement: Embrace holistic planning

Comprehensive planning would include managing anxiety, identity loss, and loneliness; creating a comprehensive health routine; tackling social and relationship issues

As gold goes up and up, consider profit-taking and rebalance portfolio

Rebalance if overweight after recent surge; if underexposed, purchase systematically or during price dips

Top-up home loans work best when repaid quickly; avoid overleveraging

Avoid overleveraging or using these funds to finance non-essential lifestyle expenses

Andromeda plans Rs 1 trillion loan disbursal in FY25 as demand rises

The home loan business of the company surged to approximately Rs 33,918 crore in FY24, up by over 22 per cent from Rs 27,798 crore in FY23

Making gold investment, setting up home bar: Top personal finance stories

This week we report about gold as a safe asset and the design needed to set up your own bar

Ayushman Bharat to cover all above 70 years, says BJP: All you must know

This was announced during the manifesto's release by Prime Minister Narendra Modi, although the specific age bracket has not been detailed in the manifesto's fine print

Investors betting on longer-duration debt funds need to be patient

Experts say while rate cuts remain on the table, their start is likely to be delayed

Shriram Finance offers 9.4% FD interest rate for investors: Details here

Individuals aged 60 years and above are eligible for an extra 0.50% interest per annum, while women depositors can benefit from an added 0.10% interest annually