With the Reserve Bank of India updating its lending framework, understanding the difference between the base rate and MCLR is essential when planning to take a loan. The base rate system was introduced in July 2010 and required banks to update lending and deposit rates quarterly. After several years, the RBI replaced the base rate … Read more
Making wise financial decisions is essential to protect your future. Whether it’s choosing investments or deciding whether to buy a daily coffee, small choices add up and influence your long-term financial health. Budgeting is a crucial starting point, but effective financial management requires a broader approach that considers debt, taxes, savings, investments and future planning. … Read more
The world of Fintech The convergence of startups and finance has sparked a wave of innovation in technology. This movement has inspired entrepreneurs and developers to create solutions that blend financial services with modern technology. Fintech companies leverage software, mobile apps, and data to make financial services accessible, convenient, and efficient for users on the … Read more
It has been more than 50 days since the World Health Organization declared the coronavirus outbreak a global pandemic. Lockdowns around the world have disrupted nearly every aspect of daily life, and the situation may continue for some time. Staying informed and making thoughtful decisions is essential, but even in uncertainty it’s possible to remain … Read more
Knowing how to check your bank balance is essential for managing money, tracking incoming funds, and planning spending. While visiting a branch still works, digital options make it faster and more convenient to check your balance from home or on the go using a smartphone, tablet, or computer. Below are practical, secure ways to view … Read more
This article explains the most common mistakes borrowers make when reading the Key Fact Statement (KFS) — the document lenders are required to provide before disbursing a loan. You will learn what each section of the KFS means, see practical comparisons across competing loan offers and get a step-by-step checklist to avoid costly errors before … Read more
Sharan, 28, ticks many boxes on the stereotypical millennial checklist: he enjoys dining out at quality restaurants, watches his favorite matches at the neighbourhood sports pub, upgrades to the latest smartphone, and takes quarterly vacations. He secured a promising job at a startup after college and shares his organization’s ambition and rapid growth mindset. He … Read more
An mPIN, or Mobile Personal Identification Number, is a short 4- or 6-digit code used to verify your identity and secure digital payments. It functions like an ATM PIN for your phone, allowing you to confirm transactions without repeatedly entering full bank details. As UPI and mobile banking become the norm, protecting transactions is essential. … Read more
We all enjoy travelling and taking vacations, but what if you could travel and save on taxes at the same time? Leave Travel Allowance (LTA) makes that possible. It’s an employee benefit that helps cover travel costs while offering tax advantages. To make the most of it, you should understand the rules, eligible expenses and … Read more
Mutual fund loans let you leverage your existing investments to meet short-term liquidity needs while staying invested for long-term growth. By pledging mutual fund units as collateral, investors can access cash without liquidating holdings, and some choose to reinvest the proceeds to compound returns. This strategy can be useful when you want to seize market … Read more