Monthly Archives: March 2023
Starting a new business is an exciting time for entrepreneurs, but it also comes with many important decisions that need to be made. One of those decisions is whether to open a current account for the startup. In India, there is no legal requirement for startups to open a current account, but there are many…
Mr. Santosh had always been a prudent man when it came to his finances. He had worked hard for years as a sales officer in a multinational corporation and had saved up a good amount of money for his retirement. Now that he was retired, he was looking for ways to grow his savings while…
A personal loan is a type of loan that is typically unsecured, meaning it doesn’t require collateral such as a house or car. Instead, it’s based on your creditworthiness and ability to repay the loan. Personal loans can be used for a variety of purposes, such as paying off credit card debt, financing a home…
Managing personal finances efficiently is crucial for a secure and comfortable life. Effective management of personal finances helps individuals to understand their financial position, plan for the future, and achieve their financial goals. It involves keeping track of income, expenses, debts, savings, and investments. By budgeting wisely, avoiding unnecessary expenses, and saving for emergencies and…
Rent payment is one of the biggest expenses for most people, and it can be challenging to manage with all the other bills that need to be paid every month. Rent payment through credit card can help you manage your finances more efficiently and even earn rewards or cashback. However, there are some factors that…
Credit card and personal loan are both common forms of borrowing money, but they work differently and have different benefits and drawbacks. Understanding the differences between a credit card and personal loan can help you make an informed decision about which one is best for you. Let’s dive a little deeper to know in detail….
Retirement planning is a critical aspect of financial management that everyone should prioritize. With the cost of living increasing and the uncertainty of future employment prospects, retirement planning has become more critical than ever before. Why is retirement planning important? Maintain your standard of living Retirement planning is essential to ensure that you can maintain…
With the increasing popularity of credit cards, over the last decade, more and more people have adopted credit cards as an integral part of their financial lives. Credit cards provide us with a convenient way to make payments and offer a variety of rewards and benefits. However, with so many options available, choosing the right…
A good credit score is an important factor when it comes to getting approved for a personal loan. Your credit score is a three-digit number that ranges from 300 to 900, and it reflects your creditworthiness. A high credit score indicates that you are responsible with credit, and lenders are more likely to approve you…
Fixed Deposits, also known as FD, is a popular investment option in India for people looking to earn fixed returns on their savings. It is a type of deposit account offered by banks and other financial institutions, where the depositor agrees to lock in their funds for a specified period in exchange for a predetermined…
The business landscape in India is always evolving and becoming increasingly complex. In this context, managing a company’s finances can be a daunting task. One crucial aspect of financial management for businesses is managing their current account. A current account is a type of bank account that is designed for businesses to carry out their…
When you’re applying for a credit card, the most important factor that affects your approval is your CIBIL score. CIBIL score is a three-digit number that represents your creditworthiness and your repayment ability. It is an important factor that lenders consider while making a decision on approval. A high CIBIL score indicates that you are…
Unified Payments Interface, popularly known as UPI, is a revolutionary payment system that has transformed the way people in India transfer money. It allows for seamless and instant transfers between bank accounts using a mobile application. UPI has made banking simpler, faster, and more secure. However, many people are still unsure about whether current account…
Savings accounts are a popular choice for many individuals who want to keep their money safe while earning some interest. However, is it bad to have a lot of money in a savings account? To answer this, let’s take a closer look at what happens to your money in a savings account. Firstly, it’s important…
The business sector in India has undergone a remarkable transformation over the past few decades and is now recognized as one of the most dynamic and diverse in the world. With a large and growing consumer base, a vibrant entrepreneurial ecosystem, and a favorable policy environment, India has become a hub for several industries, including…
Saving money is an important part of financial planning, and having a savings account can be a great way to get started. A savings account is designed for individuals to save money for future use. It is a great way for individuals to keep their money safe and earn interest on their account balance. In…
that your money can grow over time, even if you don’t add any more funds to the account. IndusInd Bank Savings Account offers an attractive interest rate on your account balance so you can enjoy high returns on your funds. Risk-free returns: The interest earned on your savings account is a guaranteed and risk-free income,…
Credit cards have now become a popular payment method in the country, especially when it comes to making big ticket transactions. With the increased use of credit cards, many cardholders find themselves with a lot of debt that they may struggle to pay off. To help manage this, many credit cards now offer an option…
India’s ever-growing business landscape has created a highly competitive environment for small businesses. With a large number of startups and small businesses vying for market share, it has become increasingly challenging for small businesses to differentiate themselves and succeed. Hence, managing finances effectively has become extremely critical for small businesses to survive this cut-throat competition…
In times of crisis, like the Covid-19 pandemic or any other natural disaster, financial stability becomes more crucial than ever. The sudden occurrence of such events often leads to unexpected job losses, reduced income, and increased expenses, making it essential to have a financial cushion to fall back on. Saving money can help you and…