The central government has introduced the E-Shram Card scheme for workers in the unorganized sector. Under this scheme, the Center has given Rs. 1000 to all those who have joined the e-SHRAM platform before the third week of January 2024. Additionally, the government is preparing to provide another Rs. 1000 in March. The scheme, officially … Read more
Many people work from home but struggle to save money because they do not have enough to spare. Let’s explore ways to reduce expenses and save money. No matter how much people earn, many worry about not having savings. Some need help to make ends meet despite multiple household incomes. They spend their entire monthly … 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
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
Should I consider getting term insurance? Life insurance is crucial for individuals with family and financial responsibilities, as we never know what might happen at any given moment. An unexpected incident may leave our family in a tough spot. This is when financial security becomes imperative for the family that depends on us. Term insurance, … Read more
Agricultural loans are essential for farmers, and around 75 percent of the loans from rural banks are for agriculture. Farmers can benefit from comprehensive information when taking crop loans. Crop Loan Interest: Interest on crop loans is usually lower, around 7 percent, compared to other types of loans. Crop Loan Renewal: Farmers can benefit from … Read more
While investing money, all aspects need to be considered. Even small mistakes should be avoided. It’s essential to define the purpose of investing and to plan appropriately. Only then will your investment yield positive returns. Mistakes are commonly made when investing. Assessing the surrounding conditions before investing and carefully observing everything is essential. Emotional balance … Read more
The Life Insurance Corporation of India offers multiple schemes, with the LIC Jeevan Anand policy being crucial. The minimum investment for this policy is 1 lakh rupees, and there is no maximum limit. By investing 45 rupees daily in this scheme, you can receive 25 lakhs after maturity. Investment options vary in terms of risk … Read more
Investing offers various flexible options, including the Share Market, Mutual Funds, Fixed Deposits, Recurring Deposits, Public Provident Funds, National Savings Certificates, and Sukanya Samriddhi Yojana. This flexibility allows you to tailor your investment strategy to your unique financial situation and goals. While investing is generally low-risk, the share market and mutual funds offer potentially higher … Read more
Home loans are a standard financial product, but banks’ interest rates vary significantly. If a high interest rate burdens you, you can transfer your home loan to another bank to reduce your interest payments. Transferring a home loan involves gathering certain documents and meeting specific eligibility criteria. It’s important to note that not all banks … Read more