Auto-sweep fixed deposits enable savers to earn better interest on surplus cash while maintaining easy access, disrupting traditional fixed deposit limitations and offering a flexible alternative for steady surplus fund management. An auto-sweep fixed deposit can help savers earn more…
Consumer durable loans are becoming the primary entry point into formal credit for many first-time borrowers in India, but a closer look exposes hidden costs and the potential for overleveraging amid their growing popularity. Consumer durable loans have become the…
Experts warn that comparing policies solely on premiums can be misleading, as hidden clauses like room rent caps and co-payment requirements may significantly reduce payout during claims. Buyers are advised to scrutinise the fine print to ensure comprehensive coverage. Choosing…
Selecting the right personal loan involves more than comparing interest rates and EMIs. Borrowers need to assess total costs, repayment terms, and personal budgets to avoid costly pitfalls, experts suggest. Choosing a personal loan is not just about finding the…
The Supreme Court has ruled that banks and non-bank lenders can only repossess financed vehicles through lawful means, explicitly prohibiting force, stealth, or intimidation, signalling a crackdown on unlawful recovery practices. The Supreme Court has said banks and non-bank lenders…
A recent survey indicates a strong desire among India’s urban middle class to retire early, yet many lack confidence in their financial preparedness to do so, highlighting a growing gap between aspiration and reality. India’s urban middle class is increasingly…
Retiring at 40 in India demands meticulous planning that accounts for inflation, healthcare costs, and extended retirement horizons, challenging traditional savings rules and requiring specialised strategies. Retiring at 40 in India is possible, but it is not a simple extension…
Life insurance serves not only as a safeguard for earnings but also as a flexible tool to cover ongoing family expenses, debts, and unexpected health costs, tailored to each family’s specific needs. Life insurance is often framed as a safeguard…
A retired Army veteran in Pune lost nearly ₹29 lakh after falling victim to a remote-access scam via a malicious WhatsApp file posing as pension verification, underscoring the growing threat to older users. A retired Army man in Pune district…
A Washington Post report highlights how effortless digital payments foster forgetfulness and overspending, complicating debt management for consumers, especially those carrying significant student debt. Experts recommend deliberate tracking to combat the hidden financial drain. A single mother in her 30s,…
Two men from Haryana have been arrested in Surat for orchestrating a deepfake-driven fraud involving the image of Rajya Sabha MP Govindbhai Dholakia, with scammers exploiting AI technology to deceive victims and siphon nearly Rs 10 crore. Surat Cyber Crime…
Experts suggest that the presence of an ‘unlimited refill’ benefit in health insurance policies may be more critical than premium costs, impacting decisions between individual and family floater plans amidst rising healthcare expenses. For households weighing whether to buy an…
