From next year, income tax officials could access your email IDs, social media accounts. Check details | Mint

Starting April next year, when the new income tax law comes into force, the income tax officials could have the authority to access your social media accounts and email id. The New Income Tax Bill’s clause 247 states that income tax officer will have the power to gain access by overriding the access code to … Read more

Credit card spending dropped in January: What is prompting consumers to tighten purse strings? | Mint

Total credit card expenditure in January 2025 declined to ₹1.8 trillion, reflecting a 2 per cent month-on-month decline and a 14 per cent year-on-year jump. Notably, the month-on-month decline in credit card expenditure can be attributable to a base effect since December saw elevated spending on account of year-end and new-year-related expenditures. Transaction volumes similarly … Read more

Best Mutual Funds: THESE retirement schemes gave over 15% CAGR return in the past 5 years | Mint

Prior to investing in a mutual fund scheme, investors often examine the past returns of a scheme. This gives an indication of the scheme’s future performance vis-a-vis other funds in the same category. Notably, investors are supposed to examine – besides historical returns – other factors as well. These include the reputation of the fund house, … Read more

Credit Score: What to do when your credit profile does not exist? | Mint

If you never held a credit card and never took a loan then the chances are that your credit profile does not exist. This means the bank may refuse to give you a credit card or a fresh loan. This is a common problem among young loan seekers who have recently started earning and do not have … Read more

Personal loan interest rates in March 2025: Top 7 banks charge these rates on their advances | Mint

If you are planning to raise a personal loan, one of the key things that you should consider is the interest rate at which the loan is offered. This directly influences the monthly instalment, which is also referred to as EMI (equated monthly instalment). An EMI is a function of several factors including credit score, … Read more

Personal loans: Raising money for vacation needs THIS checklist | Mint

Personal loan: If you have a domestic or overseas travel lined up and are short of funds – you may have a temptation to take out a personal loan for the same. Although fundamentally it is not a complete no-no, it is subject to some checks and balances. Let us understand more on this. Suppose you have … Read more

Personal loans: How can you use EMI calculator to procure a good deal? | Mint

Personal loan: If you are planning to raise a personal loan, it is vital to note that it usually has a fixed interest rate, which means the monthly instalment at which you start paying at the start of the loan will continue till the end of the loan. However, there are three variables on which … Read more

Credit cards: How low mark-up fee can help you save big? An explainer | Mint

If you are planning to go abroad and rely on a credit card for your day-to-day expenses – be mindful of the fact that each credit card levies a small fee for the transactions incurred in a foreign currency. This fee is also known as a forex conversion fee. This is a fee levied by a … Read more

FD interest rates: These 7 banks offer highest interest on fixed deposits on these tenures | Mint

Prior to investing in a fixed deposit, investors often compare interest offered by different banks. One might argue that most banks — more or less – offer similar, if not same, interest on their term deposits. However, one must understand that a difference of 50 basis points over a long period of time can increase … Read more

Income Tax Deadline: Taxpayers can file an updated return before March 31 for THIS year, check details | Mint

Those taxpayers who want to updated their income tax return of previous two years can file an updated return before March 31. Although you can file the updated return anytime but it must be done within two years of the end of the relevant assessment year. This means those who want to update their return … Read more