Gold Monetization Schemes, Gold Coins And Gold Bonds To Be Launched On November 05 The government of India is launching the much talked about gold monetization scheme, gold coins and the gold bond schemes on 5th November (four days before Dhanteras). The Prime Minister, Narendra Modi will inaugurate all the schemes. Under gold monetization […]
The National Housing bank of India (NHAI), the housing finance companies’ (HFCs’) regulator, is considering allowing lenders to levy penalty on home loan borrowers who transfer the outstanding loan amount to another lender within two years of taking a home loan. If it happens, it will be a dampener for the new home loan borrowers […]
Many lenders — State Bank of India, ICICI Bank, Axis Bank and HDFC— have slashed their home loan rates to promote affordable housing in India. This has brought down the home loan interest rates to the lowest in the last 10 years and has come out as good news for first-time homebuyers.
If you want to teach your kid about money management there is no better way than giving them a practical experience. Thanks to the Reserve Bank of India, you can introduce your kids to the financial world as soon as they attain 10 years of age by opening a kid’s savings account. Last year in […]
The 50 basis points repo rate cut by the Reserve Bank of India (RBI) has brought in cheers among borrowers and automobile industry alike. The rate cut will boost automobile and two-wheeler sales in the coming festive season. As about 65% of the new car sales are financed by car loans, rate cuts will lead […]
HIGHER education has become pretty expensive these days. More and more people are finding it difficult to fund it and hence are resorting to education loans. If you have got admission in your dream college and are looking for an education loan, it is important that you assess various options available and take into account […]
The past couple of years have seen payments industry make tremendous strides in India. From the introduction of debit and credit cards to awareness regarding online banking, and now to the adoption of mobile wallets and contactless cards: the industry, it seems, is coming of age. Several banks have issued contactless cards, with ICICI Bank […]
Savings accounts are offered by scores of public sector banks, private sector banks, multinational banks, co-operative banks and regional rural banks. Many of these banks, mostly private and nationalized, offer various types of saving accounts to suit different individual needs. As banks package these accounts with attractive offerings and services, we offer you some key […]
Some people restrict the number of credit cards they own to just one as they feel that multiple cards will lead to unnecessary expenditure and increase in credit card debt. But this holds true for people who are not financially disciplined. If you are not a spendthrift, you should not limit yourself to just one […]
Advik, a trainee engineer, decided to transfer Rs. 15,000 online to his sister Kayra’s account on her birthday. He added Kayra to the beneficiary list and executed the transaction. Advik was expecting a happy call from Kyra but got anxious as he did not receive any response for two days. When he called her to know the reason, he was shocked to know that Kayra never received the money
