Before obtaining large loans from the bank or co-signing for someone else, you should realize the seriousness of the situation. When you co-sign a loan, you are legally responsible for repaying it. Under Section 126 of the Indian Contract Act 1872, the co-signer is equally liable for the loan. If the primary borrower encounters difficulties … Read more
Why is it important for women to have a bank account? A recent report revealed that 35% of women’s bank accounts in the country are inactive, indicating a widespread lack of financial independence among women. Many women lose their jobs for various reasons, including leaving the workforce to raise children. This often leads them to … Read more
Owning a home is a common desire. However, the expenses involved in purchasing a home, such as registration costs, stamp duty, and property tax, can be pretty high. Financial experts suggest buying the house in the wife’s name to reduce these costs. The Indian government is committed to promoting women’s participation in various fields and … Read more
The way people take out loans has evolved. Loans are now available for various purposes, making it easier to access funding. Previously, individuals had to visit multiple banks to secure a home loan. However, banks have recognized the demand for home loans and streamlined the process. With the growing number of people seeking car loans, … Read more
Many banks and financial institutions offer Fastag services. The State Bank of India (SBI) recently introduced a new design for its FASTag. FASTags are an intelligent solution introduced by the government to expedite toll fee payments and reduce delays at toll plazas. Numerous banks and financial institutions offer Fastag services as part of this initiative. … Read more
Today’s students prefer higher education to gain career-specific skills and better job opportunities. Higher education has become crucial for students as educational institutions incorporate new technologies and experiential learning methods. However, the escalating tuition fees have become a burden for many, especially those from poor and middle-class backgrounds. Many banks offer educational loans to help … Read more
These days, people have greater trust in banks. Generally, people believe that keeping money in bank accounts is safe. However, people also turn to banks to secure valuables and documents, especially if valuable items are lost, or to secure items like gold and property documents. In this context, let’s discuss the precautions for bank locker … Read more
Bank customers can download the HDFC Bank RTGS Form or HDFC Bank NEFT Form PDF free from the official Bank website of HDFC at https://www.hdfcbank.com/. HDFC Bank offers a seamless and efficient way to transfer high-value funds securely with the help of Real Time Gross Settlement (RTGS). This service is a boon for individuals and businesses needing … Read more
Ways to Increase Loan Eligibility: Loans are more accessible now than before, with banks and non-banking financial companies (NBFCs) offering loans after a simple process. Some even claim to provide instant digital loans. However, before granting a loan, these institutions assess the applicant’s creditworthiness. Applications with high loan amounts and low credit scores are often … Read more
In the digital age, having a Canara Bank Customer ID is essential for accessing a wide range of banking services. Canara Bank assigns each customer a unique 11-digit number, also known as the Customer Information File (CIF) number. It is crucial in identifying and managing your bank accounts, transactions, and personal information. Importance of a … Read more