While traditional banks offer stable returns on fixed deposits in India, smaller lenders are increasingly providing higher interest rates, prompting investors to weigh safety against yields amid evolving market conditions. For many Indian savers, bank fixed deposits remain the simplest…
A survey reveals that 60% of households are now repaying EMIs that match or surpass their monthly income, prompting concerns over long-term financial stability and rising loan-related complaints. A survey of borrowers has found that many households are already stretched…
Businesses must ensure that employee accident insurance policies align with actual work routines and locations to provide meaningful protection, moving beyond the traditional office-based scope to cover on-duty and 24×7 risks effectively. For businesses with field staff, delivery riders or…
Effective budgeting in retirement involves tracking income and expenses closely, building flexibility, and embracing frugality, enabling retirees to enjoy life without financial strain despite rising costs. Retirement on a fixed income does not have to feel restrictive. Done well, a…
With mortgage rates nearing 7% amid inflation and geopolitical tensions, prospective homebuyers are adopting ‘rate-proofing’ strategies to navigate unpredictable borrowing costs and safeguard their purchasing power in the evolving autumn market. Homebuyers heading into the autumn market are confronting a…
A recent ruling by Andhra Pradesh’s consumer commission has set a precedent by requiring insurers to demonstrate material falsehoods before denying claims, emphasising the need for stronger proof in insurance disputes. A consumer commission in Andhra Pradesh has ordered an…
As retirement approaches, Indian savers are turning to government-backed options like SCSS, PPF, and NPS to secure steady income, with recent updates making these schemes more adaptable to diverse needs. Retirement can bring freedom, but it also removes the monthly…
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.…
