Keeping track of your Central Bank of India account balance should be simple and quick. Whether you’re at home, at work or on the move, several convenient options let you check your balance in seconds—no branch visit required. This guide explains each method, including the bank’s balance check numbers, so you can choose the option … Read more

More investors are discovering mutual funds as an effective way to grow savings and build wealth. What fewer people realize is that mutual funds can be purchased in different ways. One increasingly popular option is the direct mutual fund plan, which removes intermediaries and can help reduce costs while improving returns. By cutting out broker … Read more

RuPay cards offer several advantages, especially now that credit cards can be linked to UPI. Launched by the Reserve Bank of India (RBI) through the National Payments Corporation of India (NPCI), RuPay aims to support a cashless economy with efficient, secure transactions. With global alternatives like Visa and MasterCard available, choosing the right card can … Read more

When deciding how to save money, two popular choices often come up: a fixed deposit and a savings account. Both are offered by RBI-regulated institutions across India and are low-risk, but they serve different needs. A fixed deposit (FD) locks your funds for a chosen tenure and typically pays a higher interest rate, while a … Read more

Taking out a personal loan to buy gifts can be a fast, convenient way to cover expenses without dipping into savings. Because personal loans typically come with no restrictions on end use, you can use the funds for presents, celebrations, travel, or any other needs. Below are the reasons a personal loan can be a … Read more

Wedding season is approaching, and no celebration is as elaborate as the classic Indian wedding—lavish venues, designer outfits, long guest lists, and abundant food. Weddings are among the most memorable events in a couple’s life and for their families, so many people choose to celebrate on a grand scale to fulfill lifelong dreams. Planning a … Read more

Recurring deposits (RDs) are a safe, disciplined way to build savings with small monthly contributions rather than a large lump sum. Federal Bank’s Federal Savings Fund scheme offers recurring deposits with assured returns and flexible tenures that extend up to 10 years, making it a practical option for steady wealth creation. The Federal Bank RD … Read more

TDS (Tax Deducted at Source) is a mechanism where the payer deducts a portion of a payment as tax and deposits it with the government, ensuring tax collection as income is earned rather than only at year-end. Section 194J of the Income Tax Act applies when a payer makes certain payments to a resident. In … Read more

The banking sector constantly evolves, and the concept of a “bad bank” has gained prominence, particularly during financial crises. But what exactly is a bad bank and how does it operate? A bad bank is a specialised financial vehicle created to acquire and manage non-performing assets (NPAs) or distressed loans from conventional banks. In essence, … Read more

Leveraging the limitations of traditional credit systems, peer-to-peer (P2P) lending has gained traction across the country. In this model: Individuals borrow from within communities to meet financial needs No formal financial institution acts as the intermediary Read on to learn how this lending model works, its benefits, risks and tax implications. What is P2P Lending? … Read more