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.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
Don't worry about volatile, erratic cash flows, freelancers. Vishal Dhawan explains how you can invest and achieve your financial goals despite irregular income.
Is the latest mobile or car or a house the goal? If so, the savings and investments should be aimed at catering to it. The amount needed has to be worked out, and money needs to be saved, accordingly, suggests Sarbajeet K Sen.
There's so much entertainment coming up in the first three months of 2023!
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
Investors should allocate 10 to 15 per cent in their portfolios to gold through sovereign gold bonds.
Yet again, Drishyam 2 ruled the weekend, as the three new releases could not make any mark at the box office.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
Another major development is REITs coming closer to reality
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
These ETFs will also carry interest-rate risk, especially the 10-year ETF. The investor can overcome this risk by holding them till maturity, suggests Sanjay Kumar Singh.
While govt has decided to maintain status quo, don't use the money for house, marriage or education
The stars Rediff.com Contributing Photographer Pradeep Bandekar glimpsed over the weekend.
Monitor how long the high cash position lasts. If it lasts for a month or two, it is fine. But if it continues for a couple of quarters, seek your advisor's opinion on whether to exit the fund.
Since NPS is used for a long-term goal like retirement, allowing younger investors to have higher exposure to equities will give them a chance to earn higher returns.
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
Karnataka looked set to secure a big first innings lead against Goa despite fighting half-centuries by three of the home team's batters on day three of their Elite Group C match in Porvorim, on Thursday.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
As Kuttey hits the screens this Friday, Sukanya Verma looks at the 10 best ensemble Hindi movies in recent times.
By diversifying into developed market equities, Indian investors can mitigate the impact of cyclicality in returns as well as reduce currency risk, experts tell Sanjay Kumar Singh.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
When selecting investments, pay attention to potential return, risk and how easily you can exit it.
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
How investors can tweak their fixed income investments to earn more in the current environment.
Despite recent setback, these remain the most appropriate tool for international diversification
Varun was all but locked in to play Harshad Mehta by Paresh Rawal. But the script for the bio-pic was stuck. They finally had to scrap the idea.
In an act of gamesmanship, pacers, right-arm quick Harshit Rana (1/27 in 3 overs) and left-arm seamer Kuldip Yadav (2/27 in 3 overs) also wasted time, either faking cramps or tying shoelaces or not delivering the ball even after completing the action.
The Gandhi Jayanti holiday on October 2 has worked quite well for Bollywood movie releases.
Sending money to families in India will get more expensive
The gains from investing in direct plans can be higher than the difference in expense ratios.
With natural and man-made calamities posing a risk to your home, it makes sense to buy home insurance
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
Dhapola's feat did not miss the attention of the BCCI secretary Jay Shah who termed it as one of the finest bowling performances of the tournament.
The distinguished actress Shaukat Kaifi, mother to Shabana and Baba Azmi, passed away on September 22.
From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension scheme judiciously.
While seniors seeking a regular income should switch to debt funds from balanced funds, younger investors should invest in balanced funds after understanding their risks.
When looking at fund returns, avoid looking at just the past 12 months' performance, says Sanjay Kumar Singh
These funds carry low risk and should be able to beat the returns from fixed deposits.
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