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…
LendingTree reveals that nearly half of U.S. cardholders make only minimum payments, with younger borrowers especially vulnerable to prolonged debt cycles. Experts suggest strategic repayment methods to reduce costs and accelerate debt clearance. Carrying a credit card balance month after…
Australian seniors now have a range of financial tools, including reverse mortgages, government schemes, and equity reversion, to tap into their home equity for aged care costs, each with distinct implications for ownership and inheritance. For many older Australians, the…
Retirees face complex decisions between taking a lump sum or a monthly pension, with personal circumstances, longevity expectations, and plan security shaping the optimal choice, according to financial experts. Choosing between a pension lump sum and a monthly benefit is…
The Andhra Pradesh government has set aside ₹2,693.90 crore to disburse social security pensions to nearly 62 lakh beneficiaries, reaffirming its focus on welfare programmes amidst sustained financial commitments. Andhra Pradesh has set aside ₹2,693.90 crore to pay social security…
While the standard UPI transfer cap is ₹1 lakh, higher limits are available for specific transactions such as tax payments and IPOs, with additional restrictions imposed by banks and apps affecting actual transaction caps. UPI users may assume a single…
Leaving a job can expose households to the risk of lapses in health coverage, with new policies often imposing waiting periods and restrictions that can lead to bills draining savings quickly. Experts warn employees to navigate policy transitions carefully to…
Small inaccuracies in credit reports can have a major impact on loan eligibility and interest rates. Experts emphasise the importance of regularly checking reports, disputing errors, and maintaining accurate information to avoid unnecessary financial burdens. A small mistake in a…
Police in Dindigul district have arrested three individuals over a deceptive online investment scheme that defrauded over 15,000 investors of more than Rs 30 crore, using fake digital currency accounts and manipulated app data. Police in Tamil Nadu’s Dindigul district…
Bihar’s rapid escalation in cybercrime, driven by rural vulnerabilities and organised scams, prompts authorities to intensify enforcement efforts amidst massive financial losses and rising complaints. Bihar has become one of India’s most serious cybercrime flashpoints, with the scale and speed…
