Life can be unpredictable, and sometimes unexpected events can impact our finances. One such situation is when a borrower dies with an outstanding loan. This can be stressful for families, so let’s break down what happens to different types of loans in such cases. Types of Loan There are two main categories of loans: secured … Read more
If you follow these tips, your check will not bounce. Otherwise, you may face jail time and fines. It’s essential to understand why checks bounce, the common reasons, preventive measures, and the steps to take if a check bounces. Let’s explore the precautions needed to avoid legal trouble. Online transactions are becoming increasingly popular today, … Read more
Bank lockers are an excellent way to secure your valuables and important documents. But what should you do if you lose the key to your locker? How can you contact the bank and retrieve your items, and what costs might be involved? Let’s explore the details. When you rent a bank locker, you receive a … Read more
Bank lockers offer a convenient way to store valuable jewelry and important documents securely. Suppose you’re considering using a bank locker for these purposes. In that case, this article will guide you through renting a locker at various government and private banks, including SBI, HDFC Bank, ICICI Bank, Bank of Baroda, and Canara Bank, as … Read more
The Reserve Bank of India (RBI) releases a list of bank holidays every month, and consumers should plan their banking activities in consideration of these holidays to avoid wasting time and potential financial loss. List of Bank Holidays in November 2024: Name of the holidays Bank Holidays website https://rbi.org.in/ Check Holiday Dates Bank Holidays Bank … Read more
In today’s world, cash payments are becoming increasingly rare, as most transactions are done online. For example, if you buy chocolate for 2 rupees, merchants often ask you to scan it and pay the exact amount to avoid giving a change. Several payment apps, like Google Pay, PhonePe, and Paytm, facilitate online payments. Typically, you … Read more
When facing unexpected financial needs, it’s okay to consider a personal loan. Before taking out a personal loan, knowing a few key considerations is crucial. Ignoring these factors could lead to financial setbacks. Let’s delve into these essential tips: Please choose the right loan amount: Before obtaining a personal loan, it’s crucial to take a … Read more
Banks offer several types of loans. In addition to personal loans, which are used for individual needs, banks provide various financial products like overdraft facilities and flexi loans to meet different financial requirements. Understanding the differences between these options can help you determine which is best for your needs. Overdraft Facility: Banks provide an overdraft … Read more
Great news for those interested in making bank deposits! Here are the top 7 banks offering the highest interest rates. A three-year term deposit scheme offering an impressive 9.5% interest rate is available to senior citizens. Let’s take a look at the list of these banks. Many retired individuals keep some of their savings in … Read more
Many people are confused about the safety of savings accounts and whether bank deposits are a good option. While savings accounts are essential for financial security, it is crucial to calculate interest and weigh the benefits and drawbacks. Investing in a savings account can be profitable. For example, if you invest Rs. 1,300 per month … Read more