What happens if the borrower of a home loan dies? This is a crucial question that many people in our country who realize their dreams by taking out loans need to understand. The unexpected death of a borrower can have significant consequences. Let’s delve into this issue to ensure you are well-informed. Following the borrower’s … Read more
Understanding the repo rate can empower you in the complex world of finance. Let’s explore this critical concept, which can give you more control over your financial decisions. Commercial banks often borrow from the RBI. The interest rate that the RBI charges banks for such loans is known as the repo or short-term interest rate, … Read more
Monitoring your credit score is essential for maintaining a healthy financial profile. Google Pay now offers a simple, free way to check your CIBIL score, allowing you to monitor your financial health easily. Why is Your CIBIL Score Important? Your CIBIL score, a three-digit number ranging from 300 to 900, reflects your creditworthiness. A score … Read more
This loan opportunity encourages women looking to develop in all fields. The loan can be used to grow their business carefully. IDFC First Bank has launched the Sakhi Shakti Loan to support women entrepreneurs and small business owners. To be eligible, you must be a woman entrepreneur or a small business owner, and your business … Read more
Are you looking for a great credit card? Consider metal credit cards, which offer numerous advantages over regular ones. Lower interest rates and higher reward points make them a smart choice for various financial needs, including emergencies. While metal cards typically have higher annual fees, they provide exclusive perks such as increased rewards and special … Read more
Do you need money urgently but forgot your debit card at home? Don’t worry! You can easily withdraw cash from an ATM even if you don’t have a debit card. Let’s see how it’s done. Banking technology has become revolutionary. Previously, a debit card was required to withdraw money from an ATM. However, in recent … Read more
Do you find yourself in a situation where your account balance is zero? Don’t worry—you can still access funds from your account. Let’s explore this convenient feature that banks offer to their customers: the overdraft facility. Banks allow you to withdraw funds as needed, even if your account balance is zero. This is known as … Read more
Are you depositing more money into your account? Understanding the maximum deposit limit and the potential consequences of exceeding it is crucial. This knowledge will empower you to manage your finances effectively. Did you know that the income tax department may send you notices if you deposit an amount beyond the prescribed limit? Let’s take … Read more
A new cash deposit facility will soon be available, eliminating the need for a debit card or account number when depositing money in cash deposit machines at ATM centers. RBI Deputy Governor T Ravi Shankar announced this new service, called UPI Interoperable Cash Deposit (UPI-ICD), at the Global FinTech Fest on Thursday. The National Payments … Read more
Closing a credit card: With the increasing use of credit cards and the attractive offers from banks, many individuals may find themselves needing to close their credit cards. This could be due to difficulties paying bills on time, high annual fees, or a desire to reduce the number of credit cards they have. Methods for … Read more