Banks often introduce new schemes by offering higher interest rates to attract more deposits. This week, two leading banks have introduced new fixed deposit schemes with a maximum interest rate of 8.85%. If someone deposits Rs. 1 lakh in this scheme, the amount after maturity can be calculated. Many banks revised their fixed deposit interest … Read more
The Walmart-owned Flipkart Group recently launched a new ” Super Money payment app.” This app will offer attractive deals to customers who make transactions using it. Flipkart split from Phone Pe, another payment app, in December 2022. “Super Money” allows customers to make payments using the Unified Payments Interface (UPI) and receive cashback. The Flipkart … Read more
Banks consider CIBIL scores when approving loans. This score measures an individual’s creditworthiness based on their loan repayment history, credit card payments, and other financial obligations. A higher CIBIL score indicates better chances of loan approval. CIBIL scores range from 300 to 900. Those with scores above 750 have a 79% chance of getting a … Read more
Credit cards have become a necessity in today’s world. However, they’re leading many people into debt. People seem to be allowing credit cards to be used instead of using them responsibly. Credit cards often come to mind when people want to purchase, even for small items. They may opt for instalment payments without considering whether … Read more
Most people use credit or debit cards for all offline and online transactions. However, carrying these cards in your pocket can be risky as they can be lost or stolen, leading to potential financial loss. If your card is lost or stolen, it’s important to block it immediately to prevent unauthorized access to your bank … Read more
There was a time when people could not access phones, the Internet, or abundant information. Now, with the availability of the Internet, it is possible to develop a clear understanding of any subject. Millennials (those born between 1981 and 1996) and Generation Z (those born between 1997 and 2012) can be said to benefit more … Read more
Gift Deed vs Will: In India, choosing the right method for transferring property to heirs is crucial. Gift Deed and Will are two ways to do this, each with its own pros and cons. If you’re considering passing on assets to your heirs, it’s essential to understand the differences between gift deeds and wills to … Read more
Filing your income tax returns (ITR) is an essential responsibility for every individual who earns. The ITR form records your annual income and must be submitted to the Income Tax Department to ensure compliance with tax laws. Here’s a comprehensive guide on how to file your ITR for the Assessment Year (AY) 2024-25. Important Dates … Read more
The AIS for Taxpayers App is an essential tool for taxpayers who want to manage their tax-related tasks efficiently. This mobile application, launched by the Income Tax Department of India, offers a convenient way to check your income tax refund, TDS details, and more—all from your smartphone. What is the AIS for Taxpayers App? The … Read more
Financial experts suggest knowing how to manage money is more important than earning it. By investing your earnings wisely, you can lead a trouble-free life. Many individuals use their hard-earned money to purchase homes, often resorting to home loans. However, LIC has introduced a game-changing housing finance scheme, Griha Rakshak, for personnel in the Indian … Read more