Although India is largely an under-banked country, many in urban and semi-urban India have more than one savings account. While a sizeable portion of these accounts are inherited from previous employments, people also open additional savings account in search of better features or customer service. Just like any other banking and financial product, […]
The Delhi government recently launched the Higher Education and Skill Development Guarantee Scheme as part of its 70 Action Points framework. This scheme’s objective is to provide financial support to meritorious students through the banking system. As part of the scheme, students will not have to pledge any collateral or provide margin money, unlike one […]
It is very common to find people with multiple credit cards. And why not? Every day we are bombarded with mailers, messages and phone calls from credit card issuers citing various benefits of using their credit cards. However, there is a contrarian viewpoint that too many credit cards mean too many options to borrow money, […]
Many people desist from increasing their credit card limit fearing that they will end up spending beyond their means. However, increased credit card limit can have many upsides, provided you know how to manage your credit wisely. Let's look at some of the benefits of increasing your credit card limit: Reduces credit utilisation ratio: Credit utilisation […]
I am a 23-year-old moving to Mumbai for my first job. Since my starting salary isn’t very substantial, it has got me wondering about my financial situation. And, as I don’t want to borrow money from my parents, I am looking for an option that can serve as backup during emergencies and even support with […]
State Bank of India has been advised by the global management consultancy McKinsey to shut down or relocate 30% of its branches. SBI plans to follow this advice and consolidate 24,000 of its branches so as to remain competitive. The Managing Director of SBI confirmed that the bank had hired McKinsey for branch and ATM […]
As the use of credit cards continue to grow among Indians especially the young generation, the danger of credit card information falling into the wrong hands. Through the use of simple precautionary steps like using a difficult password/using an OTP, ensuring that you use your credit card for online purchases at reliable merchant website,using secure […]
There’s a proverb which says, "The art is not in making money, but in keeping it”. Nowadays, looking for a place where you can grow your money without any risk might be difficult but finding the best savings accounts for your money is not.These accounts are among the most preferred way to keep your extra money. […]
how to sell mortgaged property in india? how to buy a mortgaged property? *Read here: Tips and Tricks to Buy/sell a Mortgaged Property in India.
For those who are accustomed to swiping their credit cards at every turn, the thought of living without “plastic money” can be quite daunting even scary. Others are of the opinion that possessing a credit card can bring one a lot of temptation and result in poor expense choices. However, there are certain things which […]
