Banks have targeted millennials by making banking easy, friendly, and transparent which has strongly built the foundations for the development of the economy of the country. Let us find about a few initiatives undertaken by banks to add more millennials and make availing banking services easy for them.
People will now be able to withdraw cash from ATMs without using the ATM cards. This will be facilitated through UPI where a user can withdraw cash from ATMs by scanning the QR code. However, the highest withdrawal limit is set to Rs. 5,000 per transaction currently.
Whether it is a student loan, some unpaid credit card bills or a house loan you are close to defaulting on, most of us look to pay off the dues and get debt free. However, it often becomes very difficult to pay off these debts using only one’s salary. In such a case, many people […]
The Reserve Bank of India (RBI) on April 21st issued some new guidelines to safeguard the interests of credit card customers, which will be effective from July 1st 2022. As per these directions, the Most Important Terms and Conditions (MITC) will now be more oriented towards illustrated examples, user-friendly clauses and signed agreements on revised changes in terms and conditions. Read on to know these new regulations related to Credit Card MITC. But before that, let us understand what a MITC document is.
A secured credit card, as the name suggests, is secured by collateral that the customer has placed with the bank in lieu of getting approval for his/her card. Such a credit card is one of the best options for people without a good credit score. This credit card is issued against fixed deposit and function in the same way as the regular/unsecured credit card. However, a secured credit card is issued by nearly all the credit card lenders, such as Visa, Mastercard, etc.
Personal loan is one of the most demanded financial products in the country mainly because of the flexibility it offers. One can take personal loan to tide over emergency expenses or to meet other long-held-up needs such as home improvement, buying a fancy gadget or a world-tour. Though most of the people consider interest rate […]
