I am Wealthy at 23

PAN-Aadhaar linking: Deadline for Aadhaar-PAN linking has ended on 30th June 2023 and now one will have to pay ₹1000 for seeding the two documents from mint - money https://ift.tt/pvheQFR https://ift.tt/ZMTApJ7

Unlike in Europe, the United States is replacing LIBOR with the Secured Overnight Financing Rate, or SOFR, which represents the cost of borrowing for a broader variety of market participants. from mint - money https://ift.tt/qAwMCs4 https://ift.tt/ZMTApJ7

The interest rate on the Public Provident Fund (PPF) has yet again been kept unchanged at 7.1 per cent. from mint - money https://ift.tt/E6UhDHP https://ift.tt/ZMTApJ7

The interest rates on small savings schemes are typically reviewed every quarter by the government from mint - money https://ift.tt/ikDKlFf https://ift.tt/ZMTApJ7

Equity markets and commodities are at all-time highs, prompting experts to suggest investors consider a systematic withdrawal plan (SWP) in mutual funds to book profits from mint - money https://ift.tt/Hlotusx https://ift.tt/ZMTApJ7

The demand for the Uniform Civil Code (UCC) in India is increasing. If implemented, it will impact income tax laws and succession plans, particularly for Hindu Undivided Families (HUFs) from mint - money https://ift.tt/PN9KLjg https://ift.tt/ZMTApJ7

The interest rates of small savings schemes, including the Public Provident Fund (PPF), are due for revision. People are speculating whether the government will increase the PPF interest rate for the July-September quarter. Currently, PPF deposits yield 7.1% from mint - money https://ift.tt/HsFOB0w https://ift.tt/z7YvClW

Indian bank customers face frustration and confusion as they are urged to update locker agreements by today's deadline. The lack of uniformity across different banks and even within branches of the same bank has caused issues, including inconsistencies in stamp duty denominations. from mint - money https://ift.tt/9mOeqBK https://ift.tt/z7YvClW

Verified P&Ls, a collaborative effort between brokers and third-party platforms, promote transparency. from mint - money https://ift.tt/Js82owX https://ift.tt/z7YvClW

LIC Mutual Fund aim to penetrate tier 2, 3, and 4 cities and educate investors about the importance of mutual funds from mint - money https://ift.tt/tzThHZF https://ift.tt/z7YvClW

Opening a PPF account for your child is a great idea, but consistency is key. Benefits include a 15-year lock-in period, tax benefits, and compounding. The current PPF interest rate is 7.1% from mint - money https://ift.tt/8IrT7gK https://ift.tt/3UV7S8E

Income tax department is scrutinizing social media posts of influencers to detect tax evasion from mint - money https://ift.tt/U3XtOBF https://ift.tt/3UV7S8E

Monsoon is here, so is water-logging, flooding, land slides, and what not. To avoid paying any hefty amount on your car repair due to monsoon damage, take a look at car insurance add-ons you can buy for monsoon damage from mint - money https://ift.tt/SbYG07c https://ift.tt/3UV7S8E

Quant’s ESG Fund delivered good returns but its investment strategy and choice of stocks was questionable and the churn unbelievably high. from mint - money https://ift.tt/zlWCaKx https://ift.tt/3UV7S8E

The implementation of a higher rate of tax collected at source (TCS) of 20 per cent on overseas remittances under LRS, like tour expenses, has been deferred by three months and will come into effect from October 1. from mint - money https://ift.tt/C928Ft3 https://ift.tt/3UV7S8E

The Union Budget 2023-24 has increased TCS rates to 20% on overseas tour packages and funds remitted under LRS. The new rates will be effective from October 1, 2023. from mint - money https://ift.tt/eOvIslC https://ift.tt/3UV7S8E

Tata AIA, the life insurance arm of Tata Group, has introduced digital payment options through WhatsApp and Unified Payment Interfaces, a first in the insurance industry. The new feature allows policyholders to pay premiums digitally and receive instant confirmation. from mint - money https://ift.tt/QGiB1jv https://ift.tt/3UV7S8E

The income tax department urges taxpayers to file their returns early to avoid penalties and mistakes such as missing the deadline, using the wrong form, not pre-validating bank accounts, and not disclosing all sources of income from mint - money https://ift.tt/dfvohcl https://ift.tt/3UV7S8E

Byju's delayed PF payments: If an employer fails to pay on time, they are liable to pay damages and interest, according to EPFO guidelines from mint - money https://ift.tt/8WwaGQS https://ift.tt/3UV7S8E

Taxpayers must declare all foreign assets, including stocks, in their income tax return (ITR). Failure to do so may result in scrutiny by the tax department and penalties of up to INR10 lakh ($13,531) for each year that assets are not declared. Foreign stocks must be declared every year, and dividends from foreign shares are taxed according to the Indian tax slab rates. Capital gains from foreign stocks sold after two years are taxed at a rate of 20% with indexation benefits in India, while short-term capital gains are taxed according to the individual's income tax slab rates. from mint - money https://ift.tt/e9fhAwk https://ift.tt/BH3NwTr

HDFC and HDFC Bank's $40bn merger will create India's second-largest financial institution by assets from mint - money https://ift.tt/dQXmAtC https://ift.tt/BH3NwTr

The last date for filing income tax returns for salaried taxpayers is July 31. ITR refund is not taxable, but the interest paid is. Over 1 crore ITRs have been filed till June 26 from mint - money https://ift.tt/XLwUtEv https://ift.tt/BH3NwTr

Experts advise parents to regularly review and rebalance their portfolios to align with their child's goals and market conditions, and consider long-term investment strategies that can accumulate wealth over time from mint - money https://ift.tt/eOWL8FX https://ift.tt/BH3NwTr

There are many institutions that help first-time woman borrowers with no credit history and informal sources of income. from mint - money https://ift.tt/bcKWP1S https://ift.tt/BH3NwTr

The EPFO is expected to extend the deadline for higher EPS pension by three months The deadline ends today and has already been extended twice from mint - money https://ift.tt/aJKhXTD https://ift.tt/J4a1SHL

ICICI Prudential AMC's Deputy CIO Equity, Anish Tawakley, is positive on the auto, pharma, and telecom sectors and suggests now is a good time to enter the IT sector from mint - money https://ift.tt/kEpdtHr https://ift.tt/J4a1SHL

Today is the last day to apply for a higher pension under EPS for EPF members. The deadline has been extended twice, but it is uncertain if it will be extended again. Eligibility criteria and required documents are provided from mint - money https://ift.tt/vSzCtVr https://ift.tt/J4a1SHL

Some prefer to stay on in cities, others move to the comfort of their hometown but amenities matter as well from mint - money https://ift.tt/MQ2ksH3 https://ift.tt/J4a1SHL

The deadline to apply for a higher pension under the EPS is June 26, 2023 The deadline has been extended three times from mint - money https://ift.tt/ILQSFmn https://ift.tt/sZNQoJu

The income tax department is reminding Indians to link their PAN cards with their Aadhaar before the June 30, 2023 deadline Failure to link PAN and Aadhaar will result in an inoperative PAN, pending tax refunds, higher TDS and TCS rates. from mint - money https://ift.tt/UikPcDr https://ift.tt/sZNQoJu

Zerodha CEO Nithin Kamath warns about new online frauds in India where fraudsters use the brand value of courier companies like FedEx, Blue Dart to scam victims from mint - money https://ift.tt/fqJuUcR https://ift.tt/sZNQoJu

ITR filing: Income tax relief can be claimed on salary arrears, advance salary, family pension arrears, compensation on termination, etc from mint - money https://ift.tt/Y5l6FpN https://ift.tt/sZNQoJu

Many applicants are facing technical issues while applying for higher pension from EPF. The deadline to apply for higher pension from EPF deadline inches closer from mint - money https://ift.tt/rf0Z5xm https://ift.tt/DX4gLZI

NRIs should draft two separate wills, one for global assets and another for Indian assets, to ensure they are distributed according to their wishes from mint - money https://ift.tt/mjlNOUA https://ift.tt/DX4gLZI

From 1 July 2023, all overseas remittances under India's liberalised remittance scheme, except for medical and educational expenses, will be subject to 20% tax collected at source (TCS). The TCS will also apply to credit card usage outside of India from mint - money https://ift.tt/BKJoDhX https://ift.tt/3OMxmwy

The deadline for applying for a higher pension with the EPFO is 26 June 2023, but confusion remains over payment and calculation, resolving discrepancies in wage records, and the status of merged or non-existent employers. The lack of clarity and compliance burden may lead to a further extension from mint - money https://ift.tt/4oexnzA https://ift.tt/3OMxmwy

SBI extends its special fixed deposit scheme for senior citizens, SBI WeCare. The bank also extends the validity of the Amrit Kalash special FD scheme from mint - money https://ift.tt/yUWD8Tv https://ift.tt/3OMxmwy

The failure to quell it quickly will transform financial markets from mint - money https://ift.tt/KC8n4Lo https://ift.tt/3OMxmwy

Tax benefits on home loans can only be claimed once possession of the property is obtained. Interest paid prior to possession can be claimed over the next 5 years, but not principal repayment. Repayment of the loan before possession does not affect the interest claim from mint - money https://ift.tt/TYbsUcM https://ift.tt/3OMxmwy

Banks offer premium banking programmes to high net worth individuals (HNIs) who maintain a minimum total relationship value (TRV). These programmes offer exclusive privileges including premium debit and credit cards, zero to low forex mark-up on international transactions, lower interest rates on loans, and access to wealth management and lifestyle services. However, the TRV requirement is prohibitively high and customers may end up paying substantial fees towards wealth management, which could negate the value of the perks. Additionally, banks' relationship managers are incentivised to cross-sell products, which could result in mis-selling to customers. from mint - money https://ift.tt/03zNwk5 https://ift.tt/3OMxmwy

ITR filing: First-time taxpayers should cross-check Form 16/Form 16A with Form 26AS, and ensure they have all necessary documents, including investment proofs and insurance premium payment receipts for filing their returns from mint - money https://ift.tt/bJPUAYn https://ift.tt/Wx5I7sJ

Repaying student loans requires careful planning, with standard and extended repayment plans available. Income-driven repayment plans base payments on discretionary income from mint - money https://ift.tt/wO3UMXG https://ift.tt/Wx5I7sJ

NPS withdrawal rule change: The pension fund regulator is set to introduce a systematic withdrawal plan for National Pension System subscribers, which will allow subscribers who have reached 60 years of age to withdraw their accumulated corpus in a staggered manner from mint - money https://ift.tt/vlO0Ju4 https://ift.tt/Wx5I7sJ

You can set off the long-term loss in respect of US funds against long-term capital gains in respect of other debt funds from mint - money https://ift.tt/tfp7VnC https://ift.tt/Wx5I7sJ

Chargeback refers to the process of disputing a transaction that you believe you’re not responsible for paying. from mint - money https://ift.tt/HlPJtbE https://ift.tt/Wx5I7sJ

Many Indian employees of multinational companies (MNCs) are failing to report foreign assets such as employee stock options (Esops) and restricted stock units (RSUs) in their income tax returns (ITR). Such assets fall under the purview of the Foreign Asset Schedule in ITR-2 and ITR-3. Failure to disclose such assets, which also include dividends paid on MNC shares, can result in a penalty of INR10 lakh ($14,000) per year and seven years' imprisonment under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. from mint - money https://ift.tt/hx6X0S2 https://ift.tt/FTprnVy

Experts advise filing income tax returns soon to avoid last-minute mistakes. Gather important documents like Form 16, Form 16A, and tax-saving investment proof. File online using the income tax department's website or intermediaries. Validate and submit the form, and e-verify using available options from mint - money https://ift.tt/X3t5zAJ https://ift.tt/FTprnVy

The latest tranche of SGBs opened for subscription on 19 June with an issue price of ₹5,926 per gram of gold. Investing in sovereign gold bonds offers assured returns of 2.5% p.a. payable half-yearly. from mint - money https://ift.tt/timP8hJ https://ift.tt/FTprnVy

SEBI has introduced a regulatory framework for execution-only platforms (EOPs) in the mutual fund industry The new framework applies from September 1 from mint - money https://ift.tt/XoRdxF5 https://ift.tt/FTprnVy

UPI accounted for 73% of non-cash retail payments in the country in the year to March. The platform has enabled the rise of associated financial services such as expense tracking, budgeting, and investing, and is fuelling the shift toward digital transactions in the country from mint - money https://ift.tt/4gNVJko https://ift.tt/FTprnVy

Auto sweep option ensures there are no withdrawal charges for closing FD early but scheme comes with riders. from mint - money https://ift.tt/2aoygsK https://ift.tt/FTprnVy

Income-tax update: While filing the Income Tax Return, this amount used to get auto-populated from Form 26AS as pre-filling technique into ITR form. However, this pre-filling technique feature is missing in upcoming tax filing forms from mint - money https://ift.tt/CGQfDHc https://ift.tt/m1EGPFv

If an employee has rendered continuous service for a period of five years or more, the accumulated EPF balance is exempt from tax. from mint - money https://ift.tt/sMVtmTb https://ift.tt/m1EGPFv

Investing becomes about balancing exposure to different sectors and even looking beyond domestic markets. from mint - money https://ift.tt/GM3QOdm https://ift.tt/m1EGPFv

Food apps offer discounts to members at restaurants; diners also get a rebate on use of some debit, credit cards. from mint - money https://ift.tt/OombBLN https://ift.tt/m1EGPFv

The first tranche will be available for subscription from June 19-23 and the second tranche will be available from September 11-15 from mint - money https://ift.tt/zIletQU https://ift.tt/yDkZscv

Ten best mid-cap MF schemes: Experts suggest top mid-cap mutual funds for investment. These funds have good growth potential but come with risks from mint - money https://ift.tt/4naB3dQ https://ift.tt/yDkZscv

ITR filing 2023: Taxpayers should pre-validate their bank accounts when filing income tax returns to receive refunds. E-Pay Tax service is now enabled for DCB Bank, bringing the total to 25 banks available for tax payments from mint - money https://ift.tt/mCnZTcd https://ift.tt/yDkZscv

Financial literacy is crucial in today's fast-paced world, providing individuals with the skills to manage their money from mint - money https://ift.tt/TMCUAX8 https://ift.tt/yDkZscv

Amid soaring stock market, mutual funds are anticipated to offer modest returns in the near term, believe experts from mint - money https://ift.tt/zePtKqs https://ift.tt/yDkZscv

Mutual funds vs real estate investments: Investors should carefully consider their level of risk tolerance, and financial targets, as well as investment horizon before making their choice from mint - money https://ift.tt/cr5VySC https://ift.tt/yDkZscv

Investing in micro-cap companies is fraught with higher risks; volatility is another concern from mint - money https://ift.tt/8znR0gG https://ift.tt/Kgpe4tT

Investor with ?40 lakh savings for 5 years with periodic withdrawals should build a diversified portfolio with exposure to debt & equity asset classes. Corporate bonds and debt mutual funds are recommended for capital preservation, while equity mutual funds including large-cap, mid-cap, and small-cap index funds are advised for capital appreciation. SBI Small Cap Fund is a good option for exposure to small-cap stocks. One should not take a car loan and instead maintain a contingency fund equal to 6 times monthly expenses. Prepaying home loans depends on evaluating opportunity costs and tax benefits. from mint - money https://ift.tt/nzpe23I https://ift.tt/Kgpe4tT

Direct and regular plans are two options for mutual fund investors. Investors should assess their goals and expertise before choosing from mint - money https://ift.tt/Uv0d4yH https://ift.tt/Kgpe4tT

Employees have only 12 days left to apply for a higher EPS pension, with the EPFO releasing a circular to clarify how to claim a higher pension. The deadline for applications is 26 June 2023 from mint - money https://ift.tt/rOxQMHG https://ift.tt/Kgpe4tT

The Indian government will issue two tranches of sovereign gold bonds during H1 2023-24. The bonds will be available for sale to resident individuals, HUFs, trusts, universities and charitable institutions, and will be denominated in multiples of grams of gold with a basic unit of one gram from mint - money https://ift.tt/gI5js7U https://ift.tt/8BE0dHN

Exclusive clubs in India offer access to a network of influential and wealthy people, as well as sporting and entertainment facilities. Memberships can be expensive, with some clubs charging up to ?50 lakh admission fees for new members. However, many see the benefits of the connections and amenities that come with membership, such as finance content creator Parth Parikh, who paid ?8 lakh for lifetime access to the Sachin Tendulkar gymkhana for his daughter's sports development. Newer, modern clubs are also gaining popularity, providing networking opportunities for younger professionals. from mint - money https://ift.tt/SkvGILR https://ift.tt/8BE0dHN

Form 16, reflecting total TDS on income, will be issued to salaried employees by 15 June. It is crucial to scrutinize details for accuracy before filing an income tax return from mint - money https://ift.tt/aLfOK84 https://ift.tt/8BE0dHN

Credit card transactions have surpassed debit card usage in India, with credit card use overtaking debit card use in April 2023, according to data from the Reserve Bank of India from mint - money https://ift.tt/lkvgbSI https://ift.tt/8BE0dHN

Aadhaar-PAN linking deadline: The deadline to link Aadhaar and PAN is near, with a fee of ₹1000 if not linked by June 30. Non-linking could lead to an inoperative PAN and higher TDS and TCS rates. from mint - money https://ift.tt/ZfwVqhm https://ift.tt/8BE0dHN

Experts warn early birds filing income tax returns (ITRs) that their annual income statement (AIS) could be outdated. Data pertaining to tax deducted at source (TDS) and the statement of financial transactions (SFT) usually reach the government on 31 May and take 15 or more days to get updated. AIS contains information on almost all the financial transactions in a fiscal year and misreporting of any income or transaction included in the AIS will get you on the taxman?s radar. from mint - money https://ift.tt/jvlQn6S https://ift.tt/YGsop16

New bank locker rules: The State Bank of India (SBI) has asked customers to implement the revised or supplementary locker agreement as applicable. Locker rental prices are dependent on the size of the locker and the location of the branch from mint - money https://ift.tt/P86rkfM https://ift.tt/YGsop16

Advance tax payment due date: However, senior citizens aged 60 years or above who do not have business income are exempt from paying advance tax from mint - money https://ift.tt/Kir2lau https://ift.tt/YGsop16

Radhika Gupta, MD and CEO of Edelweiss Mutual Fund has shared 5 precious thoughts about money from mint - money https://ift.tt/HPvoYVf https://ift.tt/YGsop16

High-yield corporate bonds have seen a surge in interest from investors in recent years due to persistently low interest rates and increasing demand for income generation. However, experts advise investors to weigh the pros and cons before investing in these bonds from mint - money https://ift.tt/Fzj5EfB https://ift.tt/FSem5LG

Fixed Deposit (FD) interest rates are at a peak, and not expected to go up further with RBI's rate pause. SBI and Indian Bank offer special FD schemes until June 30 from mint - money https://ift.tt/UnhIYtW https://ift.tt/FSem5LG

The era of rising fixed deposit rates may be drawing to a close. Experts suggest individuals planning to invest in short- to medium-term FDs should consider booking their deposits promptly, from mint - money https://ift.tt/5ny3x4d https://ift.tt/FSem5LG

Franklin Templeton India will repay ₹178.06 crore to investors of Franklin India Short Term Income Plan and Franklin India Credit Risk Fund. SBI Mutual Fund will disburse payments electronically to eligible investors from June 14 from mint - money https://ift.tt/W8k9pc0 https://ift.tt/FSem5LG

As per the provisions of Income-tax Act, where a return of income is filed, it is verified and processed electronically by the income-tax authorities. from mint - money https://ift.tt/IYf3KZM https://ift.tt/FSem5LG

Holding on to an inherited property comes with its own costs, selling may involve legal and tax issues. from mint - money https://ift.tt/0eAFJnp https://ift.tt/FSem5LG

In the June 2023 policy, the central bank followed a similar move in its April review, which came after raising the key lending rate by 250 basis points (bps) in six installments starting from May 2022. from mint - money https://ift.tt/my4IrXG https://ift.tt/LJuV2eE

SIP calculator: Investors can accumulate ₹1 crore in 10 years through mutual fund SIP, say tax and investment experts from mint - money https://ift.tt/Ys9v52V https://ift.tt/LJuV2eE

Public provident fund: After the 15-year maturity period, an investor can extend their PPF account in five-year blocks for an infinite number of times from mint - money https://ift.tt/xF8mZ1S https://ift.tt/LJuV2eE

ITR filing last date: The last date for income tax return filing for FY 2022-23 is 31st July 2023 from mint - money https://ift.tt/g9Za2yl https://ift.tt/LJuV2eE

If you buy a vehicle for the first time, you need to ensure the third-party liability insurance is purchased for a period of 5 years. from mint - money https://ift.tt/9QPTheX https://ift.tt/p1xHbFA

RBI maintained its repo rate at 6.50%, but with a hawkish policy stance on 'withdrawal to accommodation'. Real estate experts welcomed the decision, saying that as long as the repo rate is not increased, home loan interest rates will remain steady, providing relief for borrowers. from mint - money https://ift.tt/U28BfFI https://ift.tt/p1xHbFA

Senior living communities in India are gaining popularity among retirees who seek an independent lifestyle away from the chaos of city life. These gated communities, located on the outskirts of cities, offer serene and peaceful environments and relatively affordable rates compared to properties within city limits. They cater specifically to the unique needs of older adults and offer dedicated medical facilities, assisted living facilities, and a host of recreational activities to help residents build active, social lifestyles. The concept has gained traction since the mid-2000s and is estimated to be valued at over $9.75 billion, with an annual growth of over 8%. from mint - money https://ift.tt/ub6mXTj https://ift.tt/fx2nwqV

The situation is often more overwhelming for Indian women, 50% of whom are not active investors, according to a survey by LXME. from mint - money https://ift.tt/FqyLBhf https://ift.tt/fx2nwqV

Investing in PPF will give you EEE tax benefits, that is, you will get a deduction when you invest and both your interest and maturity amount will not be taxed. from mint - money https://ift.tt/sRVSy4u https://ift.tt/fx2nwqV

HDFC Bank has increased benchmark marginal cost of funds-based lending rates (MCLR) by 5 to 15 basis points across tenures ranging from overnight to six months. The one-year MCLR is unchanged at 9.05%, while two-year and three-year rates remain at 9.10% and 9.20%. from mint - money https://ift.tt/jmCoyxF https://ift.tt/fx2nwqV

At present, three credit cards are available that also waive markup fees, which typically range from 1.5% to 3.5%. from mint - money https://ift.tt/ShRAfXs https://ift.tt/ysMqexk

Bajaj Finserv AMC, India’s 41st mutual fund house, is gearing up to launch inaugural new fund offers (NFOs). from mint - money https://ift.tt/YsuCV56 https://ift.tt/ysMqexk

RBI is set to declare its second bi-monthly monetary policy decision of FY24 on June 8th, with bets favouring a second pause in repo rate. Despite inflation staying below RBI's upper tolerance limit, the possibility of a rate hike is not ruled out. from mint - money https://ift.tt/zMs4Atn https://ift.tt/ysMqexk

Bajaj AMC will soon launch seven NFOs across equity, debt and hybrid categories from mint - money https://ift.tt/78XKB3C https://ift.tt/ysMqexk

For employees of the central or state governments, the entire leave encashment amount received is exempt, without limits or conditions. from mint - money https://ift.tt/lA2rqcs https://ift.tt/ysMqexk

Mukherjea allocates 90% of his personal investment portfolio to equities and just 10% for debt instruments. from mint - money https://ift.tt/PS6Tcew https://ift.tt/kJU654u

Mutual funds have cut credit exposure after the Franklin Templeton crisis; banks and NBFCs have less flexibility. from mint - money https://ift.tt/5Q1buZt https://ift.tt/kJU654u

From Aadhaar-PAN linking to applying for higher EPF pension, many of these important financial tasks need to be completed within this month to avoid unnecessary consequences. from mint - money https://ift.tt/ygrAWuL https://ift.tt/Ve6zQmH

India's state-run retirement fund manager, EPFO, has raised the interest rate on employees' provident fund to 8.15% for FY23. EPF subscribers can access their passbook online through the EPFO website or mobile app to check their interest credited to their PF account from mint - money https://ift.tt/TRkh7a0 https://ift.tt/tV6SPKH

ICICI Bank is the first lender to announce the rate cut in MCLR. Other banks are also likely to announce interest rate cuts, soon from mint - money https://ift.tt/ibz3mRj https://ift.tt/tV6SPKH

PNB has lowered fixed deposit interest rates on single tenure by 5 basis points, effective June 1, 2023. The bank has also increased its MCLR rates by 10 bps on all tenures from mint - money https://ift.tt/oDlSNaZ https://ift.tt/tV6SPKH

ICICI Bank has reduced rates on some tenures and increased them on the remaining ones, while PNB has increased its marginal cost-based lending rates for all tenures from mint - money https://ift.tt/RxHUaz5 https://ift.tt/tV6SPKH

While theoretical risks of borrower defaults exist, P2P lending platforms have taken measures to mitigate such risks. from mint - money https://ift.tt/iV4tCK6 https://ift.tt/tV6SPKH

To simplify the process, it is recommended to process a cashless claim with the first insurer and claim reimbursement from the second insurer for the residual amount. from mint - money https://ift.tt/ptZudU0 https://ift.tt/tV6SPKH

While theoretical risks of borrower defaults exist, P2P lending platforms have taken measures to mitigate such risks. from mint - money https://ift.tt/q4uh5XS https://ift.tt/khNYdT3

India's Unified Payments Interface (UPI) has helped accelerate the adoption of digital payments. RBI has announced it will withdraw ₹2,000 denomination banknotes, while citing a report on increased UPI and digital payment use from mint - money https://ift.tt/DI94mRV https://ift.tt/khNYdT3

Navigating economic uncertainty requires a long-term strategy and a well-balanced portfolio. Diversification, focusing on quality and stability, and keeping an eye on changes in regulations and policies can help investors mitigate risks and position themselves for long-term growth from mint - money https://ift.tt/GmYJunt https://ift.tt/khNYdT3

RBI is planning to introduce a lightweight payment and settlement system (LPSS) that can operate from anywhere with minimal staff. The LPSS will be activated on a need basis and will operate independently of existing payment systems, such as RTGS, NEFT, and UPI from mint - money https://ift.tt/32JyQ9P https://ift.tt/khNYdT3