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Barakah Finserve

Income tax changes to 'cheaper' home, auto loans explained in 10 points

The government will withdraw enhanced surcharge on long-term/short-term capital gains arising from transfer of equity shares/units.Banks have agreed to effect timely rate cuts to pass on the benefits of RBI's repo rate cuts to borrowers: Nirmala Sitharaman


Barakah Finserve

SBI cuts fixed deposit rates for second time in a month. Latest FD rates here

In latest revision, SBI lowered FD rates by 10 to 50 basis points across maturities.SBI however kept interest rate on savings accounts unchanged


Barakah Finserve

IDFC First Bank increases fixed deposit interest rates for select maturities. Latest FD rates here

The bank has revised FD rates on select buckets effective 21 August.IDFC First Bank offers FDs ranging from 7 days to 10 years


Barakah Finserve

New facility on debit cards, credit cards to make payments easier: 10 points

The credit or debit cardholder can give a mandate to the card issuer for automated payments to a merchant.The new e-mandate facility on credit, debit cards come into effect from September 1


Barakah Finserve

RTGS money transfer timing changes from August 26: 5 things to know

At present, RTGS system is available for customer transactions from 8 am to 6 pm.RTGS transactions happen in real time


Barakah Finserve

NPS allows you to invest through credit cards. How to do it

Besides credit card, NPS subscribers can use debit cards and internet banking facilities to contribute online.If they are making payments through credit cards, NPS subscribers have to, however, keep a note of the charges


Barakah Finserve

Is it a wise idea to opt for repo-linked loan?

RLLR-based home loan will ensure faster rate cut transmission.In the past, there has been a lot of talk of banks not being able to effectively transmit rate cuts to customers


Barakah Finserve

Bank FD rates compared: HDFC Bank vs Axis Bank vs Yes Bank

Over-exposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in them.Here is a list of banks that offer the highest FD rates for deposits up to 1 crore over various tenures


Barakah Finserve

Opinion | The lure of maximizing returns can often become investor’s worst enemy

Investors sometimes may not be able to differentiate between good and bad advice


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