Many lenders — State Bank of India, ICICI Bank, Axis Bank and HDFC— have slashed their home loan rates to promote affordable housing in India. This has brought down the home loan interest rates to the lowest in the last 10 years and has come out as good news for first-time homebuyers.
If you want to teach your kid about money management there is no better way than giving them a practical experience. Thanks to the Reserve Bank of India, you can introduce your kids to the financial world as soon as they attain 10 years of age by opening a kid’s savings account. Last year in […]
The 50 basis points repo rate cut by the Reserve Bank of India (RBI) has brought in cheers among borrowers and automobile industry alike. The rate cut will boost automobile and two-wheeler sales in the coming festive season. As about 65% of the new car sales are financed by car loans, rate cuts will lead […]
HIGHER education has become pretty expensive these days. More and more people are finding it difficult to fund it and hence are resorting to education loans. If you have got admission in your dream college and are looking for an education loan, it is important that you assess various options available and take into account […]
The past couple of years have seen payments industry make tremendous strides in India. From the introduction of debit and credit cards to awareness regarding online banking, and now to the adoption of mobile wallets and contactless cards: the industry, it seems, is coming of age. Several banks have issued contactless cards, with ICICI Bank […]
Savings accounts are offered by scores of public sector banks, private sector banks, multinational banks, co-operative banks and regional rural banks. Many of these banks, mostly private and nationalized, offer various types of saving accounts to suit different individual needs. As banks package these accounts with attractive offerings and services, we offer you some key […]
Some people restrict the number of credit cards they own to just one as they feel that multiple cards will lead to unnecessary expenditure and increase in credit card debt. But this holds true for people who are not financially disciplined. If you are not a spendthrift, you should not limit yourself to just one […]
Advik, a trainee engineer, decided to transfer Rs. 15,000 online to his sister Kayra’s account on her birthday. He added Kayra to the beneficiary list and executed the transaction. Advik was expecting a happy call from Kyra but got anxious as he did not receive any response for two days. When he called her to know the reason, he was shocked to know that Kayra never received the money
To increase gold investment options for Indians, the cabinet had recently approved the gold monetization and gold bonds schemes announced in this year’s budget. And now, going a step further, the government of India (GOI) is planning to launch gold coins on 2nd October on the occasion of Gandhi Jayanti. By launching these coins on […]
The State Bank of India (SBI), the country’s largest bank, has rolled out a new credit card— SimplyCLICK which targets people who shop online. In its sequence of e-initiatives, after the launch of the mobile app — State Bank Buddy— the bank has now come up with this credit card to strengthen its connections with […]
