The benefits of using a Kisan Credit Card include low interest rates, flexible repayment options, insurance coverage, and other benefits like attractive interest rate on savings account and smart card and debit card.
As financial planning takes centre stage in securing the future, investment preferences are shifting from traditional saving methods like Fixed Deposits (FDs) and savings accounts to more dynamic options such as Systematic Investment Plans (SIPs).
Before you get started, you must first choose the right mutual fund distributor who offers a variety of scheme options. here’s a guide on decoding mutual fund types and how to choose the right option for your needs and preferences.
While these auctions often offer properties at discounted rates, they come with their own set of risks and challenges. Buyers need to be cautious and ensure they go through legal and financial complexities effectively.
A Fixed Deposit (FD) account is a financial product where an investor deposits a lump sum of money for a predetermined period, and the interest rate remains fixed throughout the duration of the deposit.
A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of assets such as stocks, bonds, money market instruments, or other securities.
Daily compounding means that interest is added to the principal amount every day, which means you earn interest on both the original amount and on previously earned interest each day. Scroll down to check the step-by-step guide on using a daily compound interest calculator for wealth building.
A top-up home loan is ideal for those who need extra funds beyond their existing home loan, as it is more cost-effective and convenient. Here's why it is a smart choice for borrowers.
While fixed deposits from commercial banks are a common choice for conservative investors, highly rated NBFCs present a compelling alternative for those seeking competitive rates without significantly compromising on security.
An instant personal loan is a type of unsecured loan that can be applied for online, without the need for visiting a bank branch. This type of loan usually involves an instant application process, with funds being transferred to your account quickly.
PPF vs VPF: Partial withdrawal in PPF can be done after 7 years, while partial withdrawal in VPF can be done in the 5th year.
The LIC's move comes after a proposal to introduce composite insurance companies, allowing life insurers to offer hospitalisation and indemnity coverage, pending an amendment to the Insurance Act.
Lenders charge a lower rate from borrowers with a high credit score and a higher interest rate from those with a low credit score.
Building wealth through investments is a challenging yet rewarding goal. Stealth wealth, characterized by maintaining financial privacy, is gaining popularity.
These rules related to personal finance will change from 1st October
The survey said that 64 per cent of conversations on financial matters for people aged 35+, dwell on monthly budgeting and expenses, whereas new investments and big purchases account for 60 per cent and 54 per cent, respectively.
Before making a decision, investors must consider all aspects such as budget, connectivity, rent, maintenance, operating costs, tenant availability, and market conditions.
Most people don't manage their budgets well, which is why they spend a lot of money on unnecessary things, especially during difficult times like the COVID-19 pandemic.
While individuals are definitely more prone to such threats, recent reports suggest that more than 75% of Indian companies too are prone to cyber threats during festive season.
Like most of our everyday stress, even the stress related to money management can be effectively dealt with. There are healthy strategies available that can help in managing finances as well as wellbeing.
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