How RBI ban on Paytm impacts you and your finances

How RBI ban on Paytm impacts you and your finances

Hello, readers! In our weekly Personal Finance newsletter, we explain how RBI ban on Paytm will affect your finances, the risks and rewards of deferred annuity plans, what to look for when you buy a luxury apartment,?and much more.

Starting from February 29, Paytm Payments Bank won't be able to accept new users. If you're not already using Paytm, you can't create a new account after this date. Sunainaa Chadha explains how the RBI ban on Paytm will impact you and your finances. Read here

Paytm shares dive 36% in 2 days: Factors behind the fintech's struggle


Risks and rewards of deferred annuity plans

If you wish to buy a product that offers a guaranteed lifetime income and addresses the risk of outliving your savings, go for a deferred annuity plan. They also allow you to lock in prevailing interest rates. In this story, Sanjay Kumar Singh and Karthik Jerome explain how the role these plans can play in your retirement portfolio. Read here

WATCH | Budget 2024 Key Highlights


What to look for when you buy a luxury apartment?

For insights into the dynamics of the luxury real estate market (upscale gated projects within city limits) and tips on how to purchase such high-end homes, read this story by Namrata Kohli

High-value home loans: Enhance your credit score to boost eligibility


Other Reads on?Business Standard

Check out some of?Business Standard's other insightful stories on new-age maternity plans, crypto-ready cities, trimming tax and more:

The most crypto-ready cities in 2024: New York leads, Tokyo worst (Read)

New-age maternity plans cover IVF, adoption, surrogacy, and newborn vaccination (Read)

Trim your tax bill by doing this: Gift money, pay rent to your parents (Read)

Centre allows woman employees to nominate son, daughter for family pension (Read)

This is an abridged version of the?Business Standard?Personal Finance newsletter. Sign up here to get the full version in your inbox every week.

Hello, readers! It sounds like this week's newsletter is packed with valuable insights! As Henry Ford once said - Whether you think you can, or you think you can't -- you're right. In the realm of personal finance, this mindset can greatly influence our financial decisions and outcomes. Looking forward to learning more from your detailed analysis! ?????? #personalfinance #mindset #wisdom

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Anmol Deep

Master's @ Hochschule Fulda, Germany | Actively Looking for Job | Full-stack Developer

9 个月

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RAM NARAYAN

"Unlocking Entrepreneurial Success: Khadi & Village Industries Commission's Retired State Director Incharge Offers Expert Guidance"

9 个月

"In the face of regulatory shifts, financial resilience shines through adaptability. The Paytm ban underscores the need for diversified payment strategies, fostering trust in evolving digital landscapes."

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