Posts Tagged: banking

Macro Moves

RBI Sandbox: A Financial Laboratory

When I first stumbled upon the term "RBI Sandbox," my brain immediately conjured up images of a delightful box filled with sand for kiddos to frolic in. Oh, how wrong I was! Turns out, it's nothing of the sort. And hey, I'm willing to bet there are plenty of folks out there who are just as clueless as I was (except for those outliers, of course). But fret not, my friend! By the time you finish reading this article, you'll be armed with all the answers you need. Get ready to have your mind blown (not with sand, though)!

Your Money

Home loan interest rates: Pay for a house, not a coffin!

Home is more than just a building constructed of bricks, cement, or other basic building materials; it is a place where one's heart belongs. Everyone has a desire to own a home at least once in their lifetime. Owning your own home is definitely something you want to do once you start making money.

Your Money

Pradhan Mantri Jan Dhan Yojana: Is it for you?

Pradhan Mantri Jan Dhan Yojana(PMJDY) is a scheme launched by the Ministry of Finance in 2014. It aims for each and every citizen to become saksham in accessing financial services like remittance, insurance, and pension. Account holders can also avail of credit, like taking loans for various purposes, saving and deposit services. Its major focus is on the poor population of both urban and rural regions. This is because underprivileged people, especially those below the poverty line, are unable to open bank accounts. If they still open the accounts, they find it difficult to maintain them.

Your Money

Types of Bank Accounts in India: You're missing out on benefits!

Welcome to the world of banking, where your money can grow and multiply in ways you never thought possible! In India, there are different types of bank accounts available to cater to the diverse financial needs of individuals and businesses. Whether you're a businessman like Raju or a salaried person like Rohit, choosing the right type of account can make all the difference in achieving your financial goals.

Your Money

Taxation and Benefits of NRE Account

Until a few years ago, individuals outside India found it hard to send funds home due to several paper checks and long transfer periods. However, with modern NRI accounts, they can easily save and transact money in international currencies and invest in India easily. NRI accounts serve numerous purposes, such as saving money earned abroad or in India, investing in various opportunities, and making money readily available for your family. An NRI or a PIO (Person of Indian Origin) can open NRO and NRE accounts for convenient and easy fund transfers to and from India.

Your Money

Car Loans: Eligibility, Documentation & Procedure

The process of purchasing a car can be exciting, but it can also be daunting, especially if you plan to take out a car loan. However, with the proper information and planning, the process can be simple. In this article, we will aim to analyse car loan eligibility, the process, and the tools available, such as NBFCs and a calculator, to support you in making informed decisions.

Your Money

Car Loan Interest Rate List

Everyone wants to get a car once they start earning money, right?

Your Money

E-Mudra Loan: Details, Eligibility and Procedure

The MSME sector has a great contribution to the growth of the Indian economy. As per the Business Standard report, the MSME sector contributed 30% to the Indian GDP. However, one of the key problems that the sector faces is the lack of capital and funding access. To increase credit access for MSMEs and small businesses, the E-Mudra scheme was launched by the government. Let us learn What Is E Mudra Loan and how useful it is in providing credit access to the MSME sector?

Your Money

Are Student Credit Card a way to Debt Trap?

The credit card journey began in 1950 when Diners Club introduced the world's first credit card. In subsequent years, its popularity exploded. Initially maintained as emergency funds or as cashless payment options, today, they continue to exist as an avenue for short-term borrowing. However, they also became the face of debt for several people worldwide.

Your Money

Premature Fixed Deposit Withdrawal: Penalty & How to avoid it

72% of Indians don't have adequate emergency funds! Most people aren't ready to handle financial crunches, whether it is a medical emergency or sudden repair/maintenance. A go-to alternative to meet these emergencies is premature withdrawal from fixed deposits.

Business

Methods to acquire Hassle-free Business Loans

Back in the day, Business Loans were synonymous with a tedious utility technique, strict credit evaluation, and exhaustive documentation. Nevertheless, Business Loan credit guidelines have become much more relaxed.

Business

Everything About MSME Loans in India

In today's highly competitive era, manufacturing is becoming an increasingly important sector in India. The country is striving hard to be the global manufacturing hub. To help India scale to great heights, the MSMEs are contributing significantly. However, manufacturing is not an easy feat as it requires a lot of funding. Manufacturing loans are one of the best ways to meet the rising demands of MSMEs. The government offers MSME loans to help cash-strapped businesses get on track. The Indian government plans to make a total contribution to MSME switch from 29% of GDP to 50% by the end of 2024. The MSME loans are an efficient solution to raise funds for initial setup, new equipment, and other regular operational demands. Keep reading to learn more about the features, schemes, and eligibility criteria of MSME loans.

Your Money

Choosing the Best Forex Card in India: Benefits and Top Picks

"Trading success is achieved by trading proven systems consistently."

Your Money

Types of Home Loans: Loans Can Be Good Too!

Jean Chatzky says, "Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low-interest rates".

Your Money

Home Loan Eligibility: Are you Worthy of your House?

In the movie Khosla Ka Ghosla, Kamal Kishore Khosla, played by Anupum Kher, wants to build a house for his family and buys land worth ₹ 1.5 crores but gets conned by the builder. Then, Asif Iqbal, played by Vinay Pathak, helps the middle-class family get their land. Tragedy aside, the point we are trying to make is that in the story, Mr Khosla wanted his own house where he could live with his family.

Invest

Kotak Mahindra Bank vs Axis Bank: A race to the Top

An efficient, well-structured, developed banking system acts as the backbone of any economy as it contributes to increased efficiency of the economy by mobilizing savings and allocating them to higher return investment.

Macro Moves

Dosanomics: Why Higher Interest rates are not Your Friend?

This is a Dosa that will increase your intellect, not your waistline. So, dig in.

Finance

Cash Credit vs Overdraft: What is the difference?

Both are cages. One gold-plated, another regular.

RBI Sandbox: A Financial Laboratory

Home loan interest rates: Pay for a house, not a coffin!

Pradhan Mantri Jan Dhan Yojana: Is it for you?

Types of Bank Accounts in India: You're missing out on benefits!

Taxation and Benefits of NRE Account

Car Loans: Eligibility, Documentation & Procedure

Car Loan Interest Rate List

E-Mudra Loan: Details, Eligibility and Procedure

Are Student Credit Card a way to Debt Trap?

Premature Fixed Deposit Withdrawal: Penalty & How to avoid it

Methods to acquire Hassle-free Business Loans

Everything About MSME Loans in India

Choosing the Best Forex Card in India: Benefits and Top Picks

Types of Home Loans: Loans Can Be Good Too!

Home Loan Eligibility: Are you Worthy of your House?

Kotak Mahindra Bank vs Axis Bank: A race to the Top

Dosanomics: Why Higher Interest rates are not Your Friend?

Cash Credit vs Overdraft: What is the difference?

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