The government-backed Kisan Vikas Patra scheme remains a low-risk, fixed-return investment for Indian savers, doubling their money in nearly ten years at a 7.5% interest rate, with added flexibility before maturity. For savers who want to avoid stock market volatility,…
Initial meetings with financial advisers are shifting towards establishing trust and understanding client goals, with emphasis on transparency, relevant documentation, and clear communication about fees and qualifications, as industry guidance highlights new best practices. A first meeting with a financial…
Interest rates on new bank deposits in India eased in July, while borrowing costs remained largely stable, according to RBI data, hinting at a softer deposit pricing despite steady lending rates. Interest rates on fresh bank deposits in India eased…
Consistent expense tracking, categorisation, and automation are transforming how individuals manage their finances, making saving easier and financial stress less overwhelming. Keeping track of spending is one of the simplest ways to reduce money stress, yet it is often the…
Stanbic Bank Kenya has been ordered to refund a customer after a court found failures in its digital verification systems enabled fraudsters to hijack his account and transfer over Sh1 million. The ruling highlights evolving legal standards for bank security…
India’s Ministry of Home Affairs has issued an alert about malicious apps disguised as adult-content platforms that are being promoted via social media ads, risking phone security and financial theft. India’s Ministry of Home Affairs has warned Android users about…
A 53-year-old man from Mysuru fell victim to a sophisticated online matrimonial scam, losing over Rs. 13 lakh after being manipulated through fake profiles and emotional pressure, highlighting a worrying rise in cyber fraud schemes across India. A 53-year-old man…
A comprehensive approach to choosing health insurance involves evaluating total costs, coverage details, and claim processes, rather than just premiums, to ensure genuine value and protection. Choosing a health insurance plan on premium alone can be misleading. A lower monthly…
Innovative repayment tactics, such as extra annual EMIs and increasing instalments, can reduce a 30-year mortgage to just over 10 years, saving borrowers significant interest costs. For many middle-class families, buying a home starts with a long mortgage and the…
State Bank of India to revise its Basic Savings Bank Deposit account rules from October 1, now counting ATM and Aadhaar-enabled transactions within the free withdrawal limit, potentially increasing charges for many customers. State Bank of India will change the…
Legal experts highlight that a divorce does not automatically dissolve joint mortgage obligations, leaving both borrowers liable until formal refinance or transfer occurs, and complicating property sales and tax implications. A divorce may end a marriage, but it does not…
Regulators tighten oversight on overdraft fees, prompting banks to revisit policies as consumers face rising charges and lawmakers consider caps on fees and fee transparency initiatives. An overdraft lets a bank or credit union cover a payment when an account…
