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RBI hikes repo rate to 5.50%: What it means for EMIs, new loans, fixed deposits and gold

RBI has raised the repo rate from 5.25% to 5.50%, first hike since February 2023. Here’s what the hike could mean for EMIs, new loans, fixed deposits, inflation and gold.

10% co-pay in health insurance: Lower premiums, higher out-of-pocket expenses, experts decode proposed rule

Health insurers may introduce a 10% co-payment on claims from January 2027, capped at ₹5 lakh per claim. While this could lower premiums, policyholders may face higher upfront costs during hospitalisation. Here’s how the proposal could work and what consumers should check.

RBI rate hike: What happens to existing and new fixed deposits? Experts weigh in

The RBI repo rate hike to 5.50% may benefit fixed deposit investors over time. Here is what the rate hike means for existing FDs, new deposits, FD renewals and interest rates.

Best credit cards for flipkart big billion days: Cashback, rewards and eligibility compared

Compare 5 popular shopping credit cards on cashback, fees, reward caps, eligibility and benefits for flipkart big billion days.

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EMI bounce can incur penalty, lower credit score; is there a grace period before it's reported to credit bureaus?

A failed EMI payment can result in penalties and lower credit scores, as lenders report such details to credit bureaus. Check whether the borrower gets a grace period before it's reported.&nbsp;

Personal loan prepayment: Should you close early? Experts explain financial impact and potential savings

Prepaying a personal loan can reduce interest costs, but closing a loan early is not always beneficial. Experts say to compare interest savings, foreclosure costs, emergency funds, remaining tenure and potential investment returns before deciding whether to prepay or foreclose.

Banks don’t look at salary alone: Here’s why loan offers may differ for people drawing similar incomes

Loan approval may vary despite two applicants having similar salaries and living in same cities. Here's a list of factors that may determine your loan interest rates, amount or even approval.

Bombay HC rules housing loan interest cannot reduce motor accident compensation; family gets ₹17.58 lakh more

Bombay High Court says housing loan interest claimed under the Income-tax Act cannot reduce compensation payable in motor accident cases. The court enhanced the family's compensation by ₹17.58 lakh and clarified when interest on the award becomes payable.

UPI MDR charges: How does it compare to traditional Debit, Credit Card per transaction? Cost difference explained

UPI MDR will apply to eligible P2M transactions above ₹2,000 from 15 October 2026. But how does its 0.4% charge compare with typical debit and credit card MDRs? Here’s a look at the transaction costs and how the charges differ across payment modes.

Is credit card ‘minimum due’ amount biggest trap? Here's why paying less now can cost you more later | Explained

Credit cards provide a way to manage expenses without immediate cash flow. But paying only minimum dues incurs interest, leading to debt traps and even lower credit scores. Here's how.

Amazon Great Indian Festival and Flipkart Big Billion Days in Oct: Which debit, credit cards offer the best deals?

E-commerce sales on Amazon and Flipkart offer discounts for cardholders, starting October 8 and 9. Here's the list of credit and debit cards that are offering cashbacks and instant discounts.

Credit card debt: Can banks ask families to repay it after cardholder dies? What if there’s no will? Explained

Credit card debt: Can banks ask families to repay it after a cardholder dies? What if there’s no will? Read out to find out.

Starting your first job at 21? Here’s how to start building your credit score without taking unnecessary financial risk

Starting a credit journey at 21 does not mean taking on unnecessary debt. A secured or entry-level credit card, disciplined spending, timely full repayments and controlled credit utilisation can help young borrowers build a strong credit history.

Paid off your personal loan? Why your credit score might not jump right away

Loan closure is not just about making the final payment. Borrowers should also complete the necessary documentation and ensure that the lender updates the account correctly.

Beyond the number: Why an 800 credit score doesn’t guarantee a loan and what you can do about it

A high score cannot simply erase the lingering footprint of an old 'settled' account.

Why a ‘settled’ loan status can hurt your credit score; know the solution

Borrowers who settle loans for less than the full amount may negatively impact their future credit access. Although the loan is marked as 'settled,' lenders may view this as a risk. Here's how borrowers can fix this.&nbsp;

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Personal Loan

Personal loan prepayment: Should you close early? Experts explain financial impact and potential savings

Banks don’t look at salary alone: Here’s why loan offers may differ for people drawing similar incomes

Bombay HC rules housing loan interest cannot reduce motor accident compensation; family gets ₹17.58 lakh more

Credit Cards

Is credit card ‘minimum due’ amount biggest trap? Here’s why paying less now can cost you more later | Explained

Amazon Great Indian Festival and Flipkart Big Billion Days in Oct: Which debit, credit cards offer the best deals?

Credit card debt: Can banks ask families to repay it after cardholder dies? What if there’s no will? Explained

Credit Score

Paid off your personal loan? Why your credit score might not jump right away

Beyond the number: Why an 800 credit score doesn’t guarantee a loan and what you can do about it

Why a ‘settled’ loan status can hurt your credit score; know the solution

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