HDFC (Housing Development and Finance Corporation) Bank, one of the largest private sector banks in India, has voiced intentions to substantially expand its credit card customer base over the next year. With a view to increasing its share of the plastic money business, HDFC Bank plans to double the number of cards it issues every […]
Interest-free period refers to the time period between a purchase made on the credit card and its due date. This interest-free period is provided to you as long as you pay the full outstanding amount by the due date. If you fail to do so then you incur Finance Charges also known as Credit Card Interest Rate. You can get about 50 days of interest-free period on your credit card. More details on Interest-free period and expense management are given below.
Although credit cards are a boon in the modern world they are often exposed to frauds and scams of different types. Banks and credit card companies are working proactively to offer increased security to the patrons but hackers and scammers are architecting innovative ways to trick card holders. A sharp rise in credit card frauds […]
YES Bank has received in-principle approval from the Securities and Exchange Board of India (SEBI) to offer custodial services to financial market participants. The license of custodial services allows a bank or a financial institution to hold financial securities such as stocks, bonds and gold. YES Bank has already received an approval from Reserve Bank […]
What is MCLR? How does it Impacts Home Loans and Auto Loans
Federal Bank, a leading private sector bank based out of Kerala, has inked an agreement with Transfast Remittance LLC, a leading provider of cross-border payment solutions, to provide inward remittance services to the bank’s NRI customers. Tansfast Remittance boasts an operations network than spans over 120 countries in Africa, Europe, Asia and North America. As […]
There is a financial emergency of a family member staying overseas and you need to remit money overseas via your Indian savings bank account. You know you need to have it done smoothly and quickly, but you may not necessarily know how exactly to go about doing the transfer -what the associated rules and regulations, […]
With India’s growing economy coupled with a growing number of salaried individuals with disposable incomes, the demand for all sorts of luxury goods is on the rise. Among other things, the sale of premium automobile variants is seeing a major boost. Banks are fuelling this penchant for aspiring automobile owners by gladly extending loans at […]
India is witnessing a growing incidence of credit card scams in online transactions. According to the 2015 ASSOCHAM-Mahindra SSG Report,about 13,300cyber crimes were reported in 2011, and this number shot up to 3,00,000by 2015. Of these reported cyber crimes, debit and credit card frauds topped the list, seeing a six-fold increase between 2011 and 2015. These […]
Electronic money, such as a credit card is a great facility today. From planning a lavish vacation to extravagant online shopping, credit cards serve a great purpose. By efficiently using credit cards, you can not only save money but also benefit from the reward points and cashback offers available! But for that, you will have […]
