Senior citizens’ preference for fixed deposits is challenged by minor variations in bank interest rates, which can lead to noticeable differences in maturity amounts over five years, affecting retirement income planning. Senior citizens continue to favour fixed deposits because they…
People raised with tight budgets often carry these habits into adulthood, leading to persistent fears of spending that can prevent them from fully enjoying their wealth. Experts highlight the importance of intentional spending to break free from these deeply ingrained…
Understanding your financial runway, how long your savings can sustain essential expenses if income stops, can reveal vulnerabilities in even well-paid households. Regular recalculation and disciplined spending are key to long-term security. A high salary can make life feel comfortable,…
City Bank has unveiled a major update to its City Touch mobile app, incorporating an AI-powered chatbot, expanded digital services, and a personalised rewards scheme to streamline everyday banking for customers in Bangladesh. City Bank has rolled out a redesigned…
Tata Pension Management leads the latest market cycle in Scheme E, but the broader performance landscape reveals varied long-term results across India’s National Pension System funds, underscoring the importance of scheme choice and time horizon for retirees. As of August…
While half a million dollars may seem significant, its true value depends on income sources, spending needs, and market conditions. Experts emphasise the importance of a customised approach rather than relying solely on traditional rules like the 4% guideline. Half…
As investment fraud becomes more sophisticated with AI-generated identities and convincing platforms, experts emphasise the importance of caution, verification, and patience to avoid falling victim to rising scams exploiting trust and emotion. Investment scams are growing harder to spot, but…
As digital payments become routine, mistaken UPI transfers pose a growing challenge, but prompt action can improve chances of recovery despite limited automatic reversal options. Mistaken UPI transfers are a growing headache as digital payments become routine, but users are…
While some mortgages and car loans can be transferred with lender approval, most personal loans are tied to the original borrower’s credit profile, limiting options for debt transfer and impacting long-term financial planning. Most personal loans cannot simply be handed…
India celebrates 12 years of its flagship financial inclusion programme, Jan Dhan Yojana, which has opened over 58 crore accounts, yet faces challenges in driving deeper usage beyond account opening, especially in rural areas. India’s flagship financial inclusion programme has…
While often seen as a glamorous goal, the FIRE movement prioritises disciplined savings and strategic choices, revealing a nuanced approach to early retirement that balances ambition with practicality. Early retirement has a glamorous reputation, but the people behind the FIRE…
A developer has created Suraksha Saathi, an AI voice assistant in just ten days to help Indian families identify and prevent scams, leveraging low-latency speech technology and real-time interaction enhancements. A developer has described how he built an AI voice…
