Personal Finance - Angel One - Page 129

Credit card closure may impact your credit score, depending on various factors. This includes your credit use, holding period, remaining dues, and past payment history. As per recent news reports, nearly 33% of digital domestic transactions in 2024 were made using credit cards. This makes it important for you to understand the financial repercussions of …

If your monthly income is ₹50,000 and you’re planning to take a loan, one of the first questions that comes to mind is how much EMI you can manage. While the answer varies from person to person.  What is an EMI?  EMI, or equated monthly instalment, is the fixed amount you pay to the lender …

Gold prices in Dubai change daily, influenced by global market trends, geopolitical developments, and currency fluctuations. Whether you’re looking to invest, buy jewellery, or simply stay updated, tracking these price movements can help you make smarter financial decisions.  Here’s a look at today’s gold prices in Dubai  Dubai Gold Rate Comparison: Today vs Previous Session  …

Buying high-value items like smartphones on EMI (Equated Monthly Installments) has become quite common. It allows you to convert a large expense into manageable monthly payments. But what if your credit limit is lower than the cost of the product?   For instance, can you purchase a ₹56,000 phone if your credit card limit is …

Generating a regular monthly income is a key financial goal for many—especially retirees, conservative investors, or those seeking passive income to support day-to-day expenses. In April 2025, several financial instruments in India continue to offer reliable options for monthly payouts, combining stability and decent returns. Here’s a breakdown of the best monthly income investments in …

Curious about the changes in India’s new tax regime in India? It shows how much tax you will save monthly based on different annual incomes. The incomes considered are ₹15 lakh, ₹25 lakh, ₹35 lakh, and ₹45 lakh. Previous New Tax Slab Rates In the old new tax regime, income up to ₹3 lakh had no …

Planning for retirement at a young age may seem far-fetched, but starting early can be one of the smartest financial decisions you’ll ever make. In this article, we explore a potential route to generate a steady monthly income of ₹2.5 lakh after retirement with a one-time investment of ₹10 lakh today — without making it …

Term life insurance remains one of the simplest and most cost-effective ways to ensure financial security for your loved ones in your absence. It offers a death benefit to your family if the insured person passes away during the policy term, helping them cover day-to-day expenses and maintain their lifestyle. Furthermore, it safeguards future goals …

In a welcome move for lakhs of central government employees, the Ministry of Finance has revised its policy on Dress Allowance a key component of the benefits structure under the 7th Pay Commission. The allowance, earlier credited only once a year, will now be disbursed twice annually. This update is expected to bring relief to …

In a move aimed at cushioning central government employees and pensioners from rising living costs, the Union Cabinet approved a 2% hike in the Dearness Allowance (DA) in March 2025. With this revision, the DA has increased from 53% to 55% of the basic pay or pension, effective from January 1, 2025. What Is Dearness …