Many Indian retirees underestimate the importance of converting savings into a reliable monthly income, with experts emphasising the role of annuities to avoid running out of money post-retirement. Many Indian savers still make a familiar mistake at retirement: they treat…
The government has introduced the TAFCOP portal to enable mobile users in India to monitor and flag unrecognised SIM connections linked to their identity, aiming to curb unauthorised usage and related cybercrime risks. Aadhaar-linked mobile numbers are now deeply embedded…
Finance Minister Nirmala Sitharaman confirms that new MDR charges on high-value UPI merchant payments will not be levied on consumers, aiming to quell concerns over the fee framework. Nirmala Sitharaman has said the merchant discount rate on UPI payments will…
Lifestyle creep, the gradual increase in spending alongside income growth, threatens long-term financial security. Experts recommend proactive planning to convert raises into savings, set clear budgets, and avoid the silent expansion of fixed costs, ensuring higher income genuinely enhances financial…
Refinancing a car loan for longer periods can ease monthly payments but often results in higher interest costs and the risk of owing more than the car’s value. Experts warn borrowers to consider strategic repayment to avoid future financial burdens.…
As international travel rebounds, travellers are urged to scrutinise their insurance policies more carefully, especially with the rise of Cancel For Any Reason (CFAR) options that still leave gaps in coverage. Experts advise early purchases and thorough comparisons to avoid…
The Indian government plans to introduce a behaviour-based insurance system, offering discounts to responsible drivers and penalties for offenders, in a bid to improve road safety and accountability. Union Road Transport Minister Nitin Gadkari said on Monday that India will…
India’s gold loan market is experiencing rapid growth, with households increasingly borrowing against gold for quick access to funds, driven by rising gold prices and shifting consumer preferences. Gold loans are gaining momentum in India as households increasingly choose to…
Policyholders must carefully read the fine print of term insurance policies, as claims can be delayed, reduced, or denied due to specific exclusions, undisclosed risks, or misrepresentations, impacting family benefits. Term insurance is often presented as a straightforward way to…
Police investigate a low-tech ATM scam in Nagpur where two men used a plastic strip to trap cash and cheat 41 customers out of Rs 1.52 lakh, highlighting the ongoing vulnerability of cash machines to simple tampering techniques. Police in…
A woman in Himachal Pradesh becomes the latest victim of a growing trend of ‘digital arrest’ frauds, highlighting the persistent danger of impersonation scams that continue to deceive even with increased public awareness and law enforcement efforts. A woman from…
Fraudsters are exploiting caller ID manipulation and AI voice imitation to deceive consumers into revealing bank details, leading experts to urge cautious verification through trusted channels amid rising scam tactics. Scammers are finding that they do not need to breach…
