Credit Card is a double-edged sword, be careless and you can get a deep cut easily. Ineffective use of credit cards may prove disastrous while efficient use may prove profitable to the consumer. From the bank’s point of view, credit cards are one of the best sources of income due to the hefty interest charges […]
Apply Online for MSME Loan Schemes under Atmanirbhar Bharat 2020
Government of India has come out with the stimulus to help the struggling MSME sector of India in this pandemic time. The Government has made provisions of massive ₹ 3 lakh crore for Micro, Small and Medium Enterprises sector. Under this MSME loan scheme, there would be no requirement for the collateral security and the […]
Best Credit Card for Online Shopping in India
With the increasing penetration of the internet facility across the country, daily routine items such as grocery, bakery, cosmetics, etc. to the luxury items such as laptops, high-end cameras, TV, fridge, etc. are largely bought online. The reason for this shift in the shopping behavior from the traditional shopping approach to online shopping are: The […]
Changes in RTGS and NEFT Timings and Charges
NEFT, RTGS and IMPS are three ways to transfer money from one account to another. Each of the payment modes has some limitations in terms of timings, value or charges. Let’s understand the meaning of all three payment modes and see the differences between NEFT, RTGS and IMPS. What is NEFT? NEFT stands for National […]
Company Fixed Deposits Risks and Rules to know before Investing
Investing in Company Fixed Deposits Currently, most of the banks are offering interest rates on fixed deposits in the range of 6% to 7%. Although fixed deposits with the banks are safe, post-tax returns of the bank sometimes do not even beat the inflation rate. So it is must for the investors not to stick […]
Choose from Paytm First vs Ola Money Credit Card
Following the footpath of tech giant Apple, Mobile wallet giant Paytm and cab aggregator Ola have come up with their maiden Credit Card. In case you are a user of both the companies and planning to go with an only card then it becomes must know the differences between both the credit cards and choose […]
How Indian Bank Calculate Interest on FD, RD, PPF and Savings Account?
Various types of accounts are offered by Banks in India namely Fixed Deposit Account, Recurring Deposit Account, Savings Accounts, Public Provident Fund Account, etc. But the interest calculation differs from account to account. For instance interest calculation under PPF account is happens on monthly basis while Fixed Deposit interest gets compounded quarterly. However, the calculation […]