We cannot predict when and in what form our financial needs will arise. Sometimes, we might need more funds when we need them the most. In such situations, many people opt for personal loans. However, it’s crucial for beginners to carefully consider a few factors before taking out a personal loan. Let’s explore these considerations. … Read more
Parents often open bank fixed deposit accounts to secure their children’s financial futures. Some prefer recurring deposit schemes to save money in installments. These parents, driven by a strong sense of responsibility, plan so their children can save a substantial amount for higher education, marriage, and other future needs while they are still young. Understanding … Read more
Marriage is a significant event in everyone’s life, and many individuals wish to celebrate it grandly with their loved ones. Some parents may go beyond their means to ensure a lavish wedding for their children. However, not everyone may have sufficient funds to host an elaborate wedding, leading some to opt for a low-budget celebration … Read more
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
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
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