One needs to understand how credit card debt works. Ignorance can be fatal to your fiscal health.
Faced with competition from private insurance companies and in an effort to branch out to new areas to provide better services to its customers, Life Insurance Corporation of India is planning to launch credit cards.
Have you reached a stage where you cannot even pay minimum amount due? You need some smart help to get that debt burden off you.
Foreigners and NRIs would now be able to book train tickets in India online by using international debit and credit cards through IRCTC website.
The Supreme Court stayed the National Consumer Commission's order, which had capped the interest rate chargeable on credit card holders at 30 per cent. The verdict will allow banks to levy any interest rate they consider applicable to card holders. In their appeal, the banks said they were following the guidelines of the RBI, which was the only authority to regulate the fixing of the interest. The commission had no jurisdiction to pass an order directly to the banks.
State Bank of India, NTPC, Nestle, Sun Pharma, JSW Steel, ITC, Mahindra & Mahindra and HCL Technologies were among the other major gainers.
A list of things you should watch out for in your credit card document
Refusing to share her exact concerns, Mary Kom said she would rather discuss them in the meeting with Mandaviya and BFI top brass.
Credit card fraud is a growing crime today. It is essential to take security precautions to prevent yourself from falling victim to the fraudsters.
Credit card holders in India, who pay the highest rates of interest in the world, have been ripped of Rs 6,000 crore (Rs 60 billion) as "extra charges" by banks in a span of ten years, according to a rights group.
The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season. "In India, aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves," said the report released on Monday.
Read this to find out what action you can take if these four things happen with you.
The Association of Payment Clearing Services said that the 25 per cent initial rise in fraudulent use of British credit and debit cards in three years was mainly due to stolen and counterfeit cards used abroad. Card fraud overseas rose by 77 per cent last year to 208 million, 39 per cent of the total. There have been several instances of British consumers reporting money withdrawn from their accounts in India, The Philippines, Australia and Canada.
The FIR also mentioned that the unidentified individual stated that Chaubey should be careful of his decisions and other actions.
The air carrier, which currently operates 47 flights a week, is also planning to tie up with a credit card service provider to integrate the Miles and More programme.
The Monopolies and Restrictive Trade Practices Commission on Friday issued a notice of inquiry to HDFC Bank for not preventing direct selling agents from making false promises to its credit card customers.
The option to carry forward the outstanding amount without any interest could lead the card holder to use the card recklessly and spend too much.
The option to carry forward the outstanding amount without any interest could lead the card holder to use the card recklessly and spend too much.
'Try to obtain a secured personal loan or credit card by offering some collateral, such as a fixed deposit or gold.' 'Not only will this improve your eligibility, but the lender may even offer a lower interest rate.'
A guide on how to use credit card rewards effectively.
PayMate is here with a mobile payment solution, which offers convenience and flexibility of making payments by simply sending an SMS.
A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank's share price on Friday (October 25). Contingency provisions are generally made when a lender expects more bad loans in the coming quarters. Shares of the bank on Tuesday (October 29) declined 1.53 per cent to settle at Rs 1,038.2 apiece on the BSE.
Treasury gains helped ICICI Bank post a nearly 10 per cent increase in the consolidated net profit for the April-June quarter at Rs 11,696 crore on Saturday. Growth in the core income slowed for the country's second largest private sector lender, but the treasury operations helped it report a 14.62 per cent rise in its post-tax profit at Rs 11,059 crore on a standalone basis. The core net interest income (NII) growth came at a multi quarter low of 7.3 per cent to Rs 19,553 crore for the reporting quarter.
Exporters can make payment of fees through debit/credit cards.
Remember, the obligation lies with YOU. Not the credit card company.
Your card does not give you credit for free. And once you allow the outstandings to pile up, the sum can pose as much danger to your financial security.
If you lack an emergency fund or it is depleted, use part of your bonus to build or replenish it.
In a set of FAQs on applicability of Goods and Services Tax on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.
If used wisely, credit cards can actually work for you. Here are three simple steps that can help you get more out of your credit cards.
Getting yourself a credit card is easy. The problem arises when you don't understand how the system works. Here are some smart tips on how to make the most out of your credit card.
'Building a credit history is a gradual process that requires at least 6-12 months of consistent credit activity.'
A "negative list" of 650,000 defaulters has been identified and registered by the India Co-operation Committee comprising MasterCard credit card issuers in the country.
Standard Chartered Bank, which has completed 10 years in credit card business in India, has introduced an equated monthly instalment card.
Flipkart-backed fintech firm super.money is aiming to be among the top five players on the Unified Payments Interface (UPI) leaderboard by the end of this year, a senior company executive has said. The company, which rolled out its beta version in June this year, has processed about 10 million transactions till date. "We have a target of 100 million transactions for the end of the year.
Customers are now exploring value propositions while selecting credit cards.
HDFC Bank has partnered with National Insurance Company and Mastercard International to launch its "HDFC Bank Health Plus Credit Card" and expects to sell 15,000-20,000 cards in the first year of the alliance.
Financial freedom can be yours if you exercise some willpower and take a few basic steps to eliminate debt.
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