Monthly Archives: June 2022
A personal loan is an unsecured loan that does not require collateral to be offered up as a security to the credit institution that is providing a loan. The cash from this loan type usually comes in handy for meeting sudden, unforeseen financial emergencies. Requiring minimal documentation, a personal loan is fairly easy to apply…
When you wish to build a strong financial portfolio, it is imperative to put the money in the right financial instrument. The best financial option is, however, dependent on four main factors – risk appetite, liquidity, time horizon and tax slab. Given the complexities of investment, it is not easy to decide where you want…
Are you looking to start an e-commerce business? Or maybe set up a physical store? No matter the nature of your business, setting up an online payment system has become a significant aspect of the business infrastructure. Why? Thanks to digitisation! Customers are slowly shifting from cash to card and online payments. And to facilitate…
If you’re a business owner or just embarking on a new venture, you will need a reliable bank account to manage your business finances seamlessly. While banks offer multiple services to meet the different demands of their customers, a current account offers maximum convenience with a wide range of services to match the dynamic requirements…
When you have finally made that decision of going ahead and purchasing a new car, the next thing that you need to figure out is how to finance it. You can either pay for it entirely upfront, or take a car loan. For most people, paying upfront is not a viable option as purchasing your…
When the pandemic hit the world 2 years ago, there was panic among Central Banks around the world to come up with strategies to stimulate their respective economies. As a reaction, most Central Banks announced cuts in their respective benchmark rates, making it easy for people to borrow money. Today, the tables have turned. Amid…
The availability of EMI facilities on credit cards has made it easy for people to make big-ticket purchases. Many people prefer not to make cash payments for big-ticket purchases and this is where EMIs can be of great help. When you convert your purchase into monthly EMIs, you can repay the amount in small instalments,…
Opening a savings account is the first step that you take to manage your finances. Designed to help you access your money demand, a savings account helps you park your additional funds and earn attractive interest rate on the money saved. However, a savings account does more than just acting as an emergency fund. When…
As an entrepreneur or a small business owner, probably the biggest challenge that one faces is how to raise capital. Finance is a critical requirement to build a business and small businesses do not necessarily have the track record to get their funding requirements met by most major banks. Therefore, for small businesses it becomes…
FASTag was introduced in 2014 as an alternative to cash payments at toll plazas on Indian National Highways. It is essentially a sticker that is placed on the front windshield of your vehicle that uses RFID (Radio Frequency Identification) technology to communicate with the toll plaza when your vehicle crosses one. The amount of toll…
In the past few years, there has been a change in the way we carry on our financial transactions. The demonetisation, subsequent COVID-19 pandemic and the payments infrastructure that India has built supported by the Unified Payments Interface or UPI are reasons why digital modes of payments include debit/credit cards, mobile wallets, and internet banking….
Purchasing a new car can be very exciting. Many of us look forward to this decision of purchasing a car that is right for us and our families. However, how you go about financing that car is something that you will need to and should give some thought. You could either use your savings to…
If you want to learn how to manage money, you can start with a joint savings account. Firstly, let’s understand how the account works. Conceptually, you keep your money in a joint or partner savings bank account until you use it for other purposes. The account is designed for co-owning. It makes payments as you…
A fixed deposit is a great way of earning assured and fixed returns on your savings. They are safe, let you plan your finances and save for your future goals, and over long periods of time, they help you accumulate considerable amounts of wealth. Whether you are a working individual or are retired, a fixed…