Online banking has transformed financial management, with Digital Savings Accounts offering convenience, accessibility, and security for tech-savvy individuals.
Opening a Digital Savings Account: A Step-by-Step Guide Read Post »
A savings account is a cornerstone of financial prudence and growth, offering interest, security, and accessibility for various goals.
The Comprehensive Guide to Savings Account in India Read Post »
A credit report reflects your financial behavior and is crucial for loan approvals. Errors can harm your credit score and loan eligibility, so reviewing it regularly is vital. Learn to identify errors, file disputes, and follow up on resolutions. Timely rectification ensures an accurate credit report, safeguarding your financial health and credit score.
Equity Linked Saving Scheme (ELSS) is a popular tax-saving investment option in India that primarily invests in equity and equity-related instruments. It offers tax benefits, potential for high returns, and a minimum lock-in period of 3 years. ELSS is suitable for salaried individuals, first-time investors, and those with a high-risk appetite. You can invest through online platforms, choose SIP or lump sum investments, and track the performance regularly. However, ELSS also comes with market risks, no guaranteed returns, and a limited tax benefit of up to ₹150,000 under section 80C. Gains above ₹1,00,000 from the sale of ELSS funds are taxable at the rate of 10%. It\’s essential to assess factors like fund performance, fund manager expertise, investment style, and expense ratio when choosing an ELSS fund. Overall, ELSS provides a balance of tax benefits and potential high returns with market-linked risks.
The Reserve Bank of India (RBI)\’s Banking Ombudsman resolves disputes between customers and financial entities. Types of complaints handled include service deficiencies, excessive fees, guideline non-adherence, ATM and online banking issues, and credit card problems. To file a complaint, visit the official RBI website, fill out a form, submit a complaint letter, and attach supporting documents. After submission, the Ombudsman investigates and provides updates on the resolution.
How to Register Complaints Online with Banking Ombudsman Read Post »
PNB offers convenient and secure WhatsApp Banking, providing a wide range of services 24/7, including balance enquiries, account openings, and more. Both account holders and non-account holders can access informative services. Registration is simple, but users should avoid sharing sensitive information. The service is free, secure, and encrypted, promoting digital empowerment.
Navigating the financial world with a low CIBIL score can be challenging. However, it’s not impossible to secure a personal loan. Here are some strategies to improve your chances: Prove a Good Income, Apply for a Lower Loan Amount, Secure a Guarantor or Apply with a Co-Applicant, Check the Credit Report for Errors, and Discuss NA or NH with the Lender. Remember to also work towards improving your credit score for future financial needs.
How to Get a Personal Loan with a Low CIBIL Score Read Post »
A cancelled cheque is a vital tool in banking, providing proof of a bank account for various transactions. It contains essential account details and is used for loan applications, insurance, and more. By simply drawing two parallel lines and writing \’CANCELLED\’ on a cheque, one can render it unusable for transactions.
What Is a Cancelled Cheque? How To Write a Cancelled Cheque Read Post »
The FASTag system, mandated by the National Highways Authority of India, offers streamlined toll payments and benefits like reduced congestion and environmental impact. This guide explains how to check your balance online, through a mobile app, SMS, email, or a helpline, making it convenient for both personal and business vehicles.
How to Check FASTag Balance: A Comprehensive Guide Read Post »
Forex cards, also known as travel cards, are a convenient and cost-effective way of carrying foreign currency while traveling abroad. They work much like a debit or credit card but are specifically designed for international payments. Top Forex cards in India for 2024 include Niyo Global Card, BookMyForex YES Bank Forex Card, Axis Bank Multi-Currency Forex Card, HDFC Multicurrency Forex Card, ICICI Bank Student Forex Card, Axis Bank World Traveller Forex Card, and IndusInd Bank Multi Currency Forex Card. These cards offer various benefits and have specific application procedures and fees. Applicants must provide specific documents, and the cards typically have a validity of 5 years. They can be used for cash withdrawals at ATMs abroad and for online transactions with locked-in exchange rates, offering significant advantages over credit cards and traveler\’s cheques.
A Comprehensive Guide to Forex Cards in India 2024 Read Post »
