The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.

While investing in PPF, investors must remember to put in the money at the right time to maximise the return they earn from it.

'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'

Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.

Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.

Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.

'Stick to FDs of shorter tenures, preferably one-two years.'

Many salaried taxpayers hold the misconception that they don't need to disclose any other income since TDS is deducted from their salary.

If an assessee misses the December 31 deadline, s/he can file a belated tax return by paying a late filing fee. 'This must be done within three months from the original filing date.'

With the wedding season already in full swing, a few things to keep in minutes financially when tying the knot, advises Bindisha Sarang.

While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.

If your total EMI payments exceed 35-40 per cent of your monthly income, use these strategies to avoid a Squid Game like debt trap, suggests Bindisha Sarang.

The new AIS is expected to make the taxpayer's task of filing ITR easier and faster, points out Bindisha Sarang.

A car that gives you a better resale value will reduce the cost of your next purchase, points out Bindisha Sarang.

'If you are ready to stomach the loss, you may invest 3-5 per cent of your portfolio in crypto assets.' 'Of this, 80-90 per cent should be in Bitcoin.'

Be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.

Choosing the right wallet is crucial, alerts Bindisha Sarang.

'Investors with as little as Rs 1 can start investing in digital gold.'

If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.

Ensure that you get a high sum insured. Also, make sure the policy covers the cost of implants (pacemaker, stent, etc), and pre and post-hospitalisation expenses.