A Gadag consumer commission ordered postal authorities to repay Lalitha Rs 1 lakh with interest, finding that a postmaster’s signed and stamped receipts supported her claim despite missing ledger records. A consumer commission in Karnataka has ordered postal authorities to…
Using EPF savings to pay down a mortgage can reduce interest or monthly instalments, but borrowers should weigh the immediate relief against lost investment growth, check current eligibility and keep an emergency reserve. An Employees’ Provident Fund withdrawal can help…
Processing fees, add-ons and early-repayment penalties can push up the cost of festive-season car finance. Compare the annual percentage rate and total amount repayable, not just the advertised instalment. Festive-season car offers can make borrowing look straightforward, but the advertised…
The lender identified 3,897 customer records in a larger dataset posted online and is reviewing vulnerabilities as it investigates the breach. State Bank of India is stepping up its defences after a cyberattack exposed the personal details of thousands of…
On a Rs 40 lakh loan at 8.5%, monthly interest starts at about Rs 28,333. A lower instalment may leave the balance growing, while a higher EMI or later part-payments can cut the overall cost. A monthly home loan payment…
Young and middle-income Indians are borrowing to fund phones, holidays and daily expenses, but debt is growing far faster than incomes and leaving less room for savings and repayments. Navjot Singh, a 25-year-old restaurant worker in India, thought small loans…
At 6% annual inflation, a ₹1 crore target could lose more than half its purchasing power over 15 years, making future costs, not today’s headline figure, the key to setting savings goals. Inflation can quietly reshape what a large sum…
A credit card backed by a fixed deposit can help borrowers build a stronger recent repayment record, but it will not erase past defaults or missed payments. A low CIBIL score can make borrowing more difficult and more expensive, but…
Minimum payments can keep an account current, but interest may accrue from the transaction date, with GST adding to the cost and high balances potentially weighing on credit scores. When a credit-card statement arrives, the temptation to pay only the…
The regulator will require insurers to show premiums and protections separately, giving car and two-wheeler owners clearer choices while keeping third-party liability compulsory. India’s insurance regulator has ordered a major redesign of motor cover for private cars and two-wheelers, requiring…
Retirees must submit an annual life certificate by 30 November to avoid pension payment disruption, with officials urging them to use Jeevan Pramaan’s digital and face-authentication options. Pensioners across India have been asked to complete their annual life certificate submission…
The court ruled that investigators must not freeze an entire account over a disputed transaction when a lien on the sum can protect the probe without cutting off a government employee’s income. The Himachal Pradesh High Court has said investigators…
