Owning a home is a significant milestone for many in India, but the journey to homeownership can be challenging. There are numerous hurdles to finding the perfect property and saving enough money. Fortunately, several banks and financial institutions now offer home loans, making it easier for individuals to achieve their dream of owning a home. … Read more
What to Do When You Receive a Tax Notice from the IT Department After Filing ITR and How to Reply to 143(1) Notice? Reply like this. When you file your Income Tax Return (ITR), the process does not end there. The Income Tax Department begins processing the filed ITR; some individuals may receive a notice … Read more
Mutual funds are one of the most popular ways of investing nowadays. Those who cannot directly invest in the stock market put their money in mutual funds. Recently, investments in mutual funds have increased tremendously, with thousands of crores being invested. But what happens to the investors if the mutual fund company goes bankrupt or … Read more
Most bank accounts have a zero balance, but paying attention to this is important. Your bank account needs to maintain a monthly average balance (MAB), which is crucial to avoid various issues. The Monthly Average Balance (MAB) is the average amount you keep in your savings and current accounts during a calendar month. It’s calculated … 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
After paying off your car loan, taking several steps to ensure you have full ownership rights over your vehicle is essential. Below are the key actions to take after settling your car loan: Loan Details: Obtain a loan statement from the bank showing all the payments and fees made during the loan period. This document … Read more
Proper planning is essential for achieving financial success. A crucial part of this plan is improving your credit score. A good credit score makes getting loans at lower interest rates from financial institutions more accessible. If you want to quickly obtain a loan, having a good CIBIL score is crucial. Most financial institutions check your … Read more
Many people travel on highways and encounter toll gates, where charges vary based on vehicle type. The government has made frequent changes to toll collection, and recently, the RBI announced beneficial news for motorists. Since November 2016, FASTag has been mandatory for vehicles, requiring motorists to pre-recharge it. When crossing a toll gate, the FASTag … Read more
Top 5 Credit Cards in India: As a credit card holder, you can enjoy various benefits, such as cashback on everyday purchases, exclusive travel perks, and lounge access. Banks compete to offer the best features and benefits on credit cards. Let’s take a closer look at the top 5 credit cards available in India till … 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