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Apple to get a bite of credit card market
Apple may roll out co-branded credit card; MFs lapped up Zomato, Nykaa, etc in May’23; Derivatives Research bullish on Interglobe; Indians withdrawi
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Lending via digital mediums jumps 131%
A recent report by the Fintech Association for Consumer Empowerment (FACE) noted the constantly increasing volumes of digital lending in India. For FY
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Credit is king as debit cards humbled by UPI
The use of credit cards zoomed 20% in the last one year, debit cards shrunk as much as 31%.
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Paying very frequently via UPI? Beware of cons!
mirroring the meteoric rise of UPI payments in India are the cons and frauds around it. A recent data release by Delhi police highlighted that such ca
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Which card to use on foreign travel?
Under the current rules, you are charged a certain percentage of TCS everytime you remit funds abroad, even if it is within the LRS limit
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Spending overseas on cards now part of LRS
A recent order from the finance ministry included credit card spending abroad within the $2,50,000 mandate of liberalised remittance scheme
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Higher TCS on foreign travel via cards
Citizens are already paying 20% TCS on foreign remittances made by other mode of payment like debit card or net banking
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Personal loans based on credit scores
If your credit score is good, the chances of geeting a loan increases. The credit score is verified by banks or FIs before giving loans.
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Debit cards most favoured payment instrument
UPI mode of payment preferred by 25% families
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Pay 5% more for ATM transaction from January 1
Your ATM transaction will get costlier from the very first day of the new year. From January 1, one has to at least 5% more to the banks. According t
