ICICI Bank, one of the largest private sector banks in India, has partnered with Tech Mahindra to launch “Tap-n-Pay”, a payment service. This service will allow customers to make payments without using cash, thus reducing dependence on cash. Essentially, ‘Tap n Pay’ is a prepaid account to which customers can transfer money online from their […]
With banks slashing home loan rates at the drop of a hat currently, home loan balance transfer or loan refinancing is emerging to be a popular trend. And, why not! It is a win-win for both existing home loan customers and banks — you get to refinance your existing loan at a lower rate and […]
With the news launch of Apple iWatch being launched later this month, companies are already queuing up to be ready for the product. The first among the fray is HDFC Bank, India’s second largest private sector bank. By being the first to enter “watch banking”, the bank has definitely raised the bar for other financial […]
Taking a home loan and paying it off is the biggest financial achievement we make in our lifetime. The huge debt burden and the long duration are the two daunting aspects of home loans. However, with some intelligent planning you can pay off your loan and become debt-free much sooner than you had imagined. There […]
In a move to fulfill PM Modi’s goal of including poorest of the poor into the banking system, RBI governor Raghuram Rajan announced setting up of Postal Bank of India (PBI) on 02nd April. The bank will enable the government to capitalize on the infrastructure and distribution network of the department of posts to further […]
In an attempt to make inroads into the young consumer segment, the State Bank of India (SBI) launched a new SimplySAVE credit card on 30 March. The latest product from the SBI stable offers its users a chance to earn 10 points on every Rs 100 spent on dining out, purchasing movie tickets and shopping […]
A GOOD credit score helps us establish our borrowing credibility in front of banks and lending institutions. If you have a good score, you have a better chance of getting your loan approved. Most often we forget the contribution of credit cards towards our credit score. Here's how you can make the most of credit […]
In this week’s entry, I will attempt to present a new perspective to the whole rent vs. buy a house debate. Let’s put the spotlight on some of the basic math you need to keep in mind when making this decision. Renting Buying What you will pay for […]
You Need a Savings Account – check out why? What do you do you with the money left after paying off your fixed monthly expenditure (bills, premiums, EMIs and more)? Do you invest it in the stock market, retirement funds, mutual funds, recurring deposits, etc.? Does this leave you with limited or no liquid […]
Banks are vying for customers’ attention on social media. The latest on this bandwagon is Kotak Mahindra, which recently launched its social saving account, Jifi Saver account. This new account type can be managed via social networking platforms, Twitter and Facebook. It offers e-shopping facilities, transaction and financial planning to tech-savvy and socially connected consumers. […]
