With the year-end just round the corner, you may be planning on how to spend New Year’s Eve and start afresh with everything next year. While it may be quite tempting to push off financial planning to the next year, there are a number of important things that need prior attention. Credit card debt is…
The State Bank of India (SBI) has announced a waiver of account closing charges for savings accounts that are at least a year old according to a Business Today (BT) news report. This announcement comes only a few days after India’s largest public sector bank announced a revision of the minimum balance requirements for savings […]
The State Bank of India has reduced the interest rate on savings accounts by 0.50% on deposits below Rs 1 Crore. However, the rate of interest for those accounts that maintain a balance of more than Rs 1 Crore would not be affected. Prior to this move, the bank offered an interest rate of 4% […]
The NPCI (National Payment Corporation of India) has reported that an estimated 25 lakh shops across India have started accepting card payments through PoS terminals. Of these, an estimated 10 lakh PoS machines across India were installed after the 8th November 2016 announcement. As per the State Bank of India, the addition of these PoS […]
The recent RBI decision to introduce OTP based e-KYC verification can both save your effort and quicken the process of opening bank accounts. This means you will now be able to open a bank account without even visiting the bank! What is e-KYC? e-KYC is a process which electronically verifies your personal details and […]
The demonetization of high currency notes by the government has led to a big surge in digital payments, with more and more people realizing the convenience that comes with it. As India progresses towards a cashless economy, we take a look at how different digital payment systems work and fare against each other: Mobile […]
If you have been thinking of buying a Tata car, it’s time to book one soon! Home-grown auto major Tata Motors is set to raise prices of its passenger vehicles by up to Rs. 25,000 due to increase in input costs. Tata Motors said the increase in prices would be effective from January 1st and […]
India’s biggest public sector bank, State Bank of India will soon launch new set of credit cards for the lower strata with a cap of Rs 25,000. These cards will help those people who have the capacity to pay but don’t have cards. Vijay Jasuja, Chief executive of SBI cards and Payment Services said […]
Continuing with its push towards a cashless digital economy, government has introduced additional schemes to promote the use of digital payment options as opposed to cash-based transactions. These new digital payment benefits include the following: • Nil Service Tax on transaction charges for individual digital payments not exceeding Rs. 2,000 • 0.75% discount on sale […]
First things first – Using your credit card till it reaches the credit limit is not a good practice and should be completely avoided. You should not use more than 40% of your credit limit in any given month. A maxed-out credit card is a dangerous proposition because of several reasons. Firstly, a credit card […]
Airline Credit Cards are specifically designed for frequent travellers. Most of these credit cards offer maximum reward points when you spend on some of these partner airline tickets. The airline credit cards come with benefits like access to premium lounges across domestic and international airports, membership to flyer programs and bonus reward points when you apply for these credit cards. Here is a list of some best airline credit cards in India with their key highlights and benefits.
For a long time, Axis Bank ATLAS credit card dominated a major space in the list of travel credit cards as the only airline-agnostic credit card in India. Now, however, post the migration of Citibank credit cards to Axis Bank, ATLAS has a competition—the Axis Horizon Credit Card. Both credit cards offer a similar line…
Axis Bank has announced significant updates to its credit cards, effective 20th December. These changes mainly focus on interest rates, fees, and charges of popular Axis Credit Cards such as Axis Magnus, Axis Atlas, Axis Ace, Flipkart Axis, Airtel Axis, and Axis Rewards. Below is a detailed overview of these changes: Video: Quick View of…
Premium credit cards are packed with huge benefits across categories but they also charge a high annual fee for it. So, before we go on and talk about the best premium credit cards in India from some of the leading issuers,
What are the Costs Involved in Taking a Home Loan? application fee, processing fee, pre-payment charges, legal fee, CERSAI Charges, documentation fee etc.
