Pradhan Mantri Jan Dhan Yojana or PMJDY was launched on 28th August 2014, by the honourable Prime Minister, Narendra Modi. The scheme is a move in the direction of financial inclusiveness. It aims at providing financial services such as access to credit, savings bank account and easy transactions to lower economic groups. This scheme […]
Holding multiple bank accounts and keeping tabs on all of them is no easy task. Not only can it create confusion and lead to mismanagement, but accounts that do not feature regular banking activity are automatically deactivated by banks. Incorrect management such as non-maintenance of minimum average/ quarterly balance in your banking accounts can also […]
Picture this: While vacationing in Europe with your family, you take the time to enjoy pasta at an outdoor restaurant in Venice. At the end of your amazing meal, you hand the waiter your credit card. After a few moments, he returns and tells you that the card has been declined. The next few minutes […]
Both home loan and land loan are availed to acquire a property. However, home loans are availed for properties that are already constructed, are under construction or will be constructed in the near future.
Two utility vehicles have entered the list of top 10 selling passenger cars for the month of May – Toyota Innova Crysta and Maruti’s Vitara Brezza. With the sale of 7,259 units in May, Toyota Innova Crysta overtook Maruti Vitara Brezza and Hyundai Creta, to become the ninth best-selling vehicle as well as the top-selling […]
Equated Monthly Instalments or EMI’s often form a sizeable component of the monthly expenditure in case of most salaried class homebuyers or those with personal loans. The priority for most of these borrowers is to prepay/partly pay the loan as early as possible. This would save them from paying extra interest on the loan apart […]
Bandhan Bank plans to add 180 new branches to its current network of 650 branches by March 2017. The bank hopes that these 850 branches will help it gain a pan-India presence in the next year. At Bengal Chambers of Commerce & Industry’s Business-IT conclave, Chandra Shekhar Ghosh, the Managing Director and CEO of […]
A general impression exists that Tier I cities in India (Delhi, Mumbai, Pune, Chennai, Kolkata, Bangalore, Ahmedabad, Hyderabad) are unaffordable for property purchase. However, some in-depth research may very well provide a different result.
In an endeavour to create global-sized institutions, the Government of India is encouraging the consolidation of public sector banks. This is for the purpose of reducing their number, as also making way for bigger banking institutions. To achieve this, the Government is looking to act as a mediator to merge state-run Bank of India, UCO […]
The private sector banking institution, DCB (Development Credit Bank) limited, has launched the first Aadhaar-based ATM in Bengaluru. This Tier-I city followed leading urban areas like Mumbai in providing this advanced facility that allows PIN-less and card-less transactions. This unique DCB ATM accepts Aadhaar number and Aadhaar-registered fingerprint instead of a card number and PIN […]
