Urban Money Blogs

In the latest monetary policy of the RBI statement for the 2024-25 financial year, the Reserve Bank of India (RBI) opted to maintain the key policy repo rate at 6.5%. This marks the seventh consecutive time the rate has remained unchanged. The decision, widely anticipated by analysts, reflects India's strong…

RBI's New Hedging Rule Expected to Slash India's Currency Derivatives Trading by 80% The Reserve Bank of India's (RBI) new regulation requiring exchange-traded rupee derivative transactions is expected to cause a dramatic plunge in trading volumes. According to industry experts, the decline can be more than 80%, potentially crippling a…

The Income Tax Department, under the Ministry of Finance, has confirmed some welcome news for taxpayers! There will be no changes to income tax slabs for the financial year 2024-25. This means the existing tax brackets will continue to apply from April 1, 2024. The decision to maintain the status…

‘In a significant move to facilitate year-end financial transactions, several Indian bank branches will be open this weekend, i.e. Saturday-Sunday, March 30 and 31, 2024. This decision, made at the request of the Government of India, is crucial for the smooth handling of government receipts and payments for the financial…

The Reserve Bank of India (RBI) has approved the merger of Fincare Small Finance Bank Ltd and AU Small Finance Bank Ltd, which will take place on April 1, 2024. Under the agreement, shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for…

With the recent modifications in Paytm's payment structure for FASTag recharges, different platforms are pacing to offer alternatives. With Paytm altering its payment methods for FASTag recharges, a wide market has opened its gates for different financial platforms. Since such a great shift is happening in the world of finance,…

We have compiled a list of the best banks for a home loan in India 2024 based on the home loan value it offers to the borrower. These banks offer a variety of home loan programs with numerous advantages and features. Some of the advantages of such home loans are…

Finance Minister Nirmala Sitharman is presenting the Interim Budget 2024 today, the last one before the Lok Sabha elections. The budget is expected to focus on infrastructure, income tax, and job creation amid the challenges posed by the Covid-19 pandemic and the economic slowdown. Sitharaman will also highlight the achievements…

A grace period is a period that falls between the billing date and the due payment date. You’ll be charged a minimum amount on purchases during this period, or there will be no charges at all. It’s not a requirement for credit card companies to provide a grace period. However,…

A credit card cash advance is the withdrawal of the cash from your credit card account. In simple words, when a credit card user utilises the credit card in an ATM to withdraw cash, that is called a Credit card cash advance. Cash advance requires users to use their credit…