These days, personal loans are one of the easiest loans to get. With a wider adoption of digitisation, you can apply for a personal loan and get the amount disbursed on the same day. Pre-approved personal loan offers make the application and disbursement process quick. However, when personal loans are available easily, you must take…
Credit card spends earn you a good number of reward points, especially if it is in low-risk consumption categories such as grocery, utility bills, apparel, restaurant, supermarkets, telecom and entertainment. But can you use the reward points to make direct payments at merchant outlets and e-commerce platforms? Several leading card issuing banks have their own…
The Employees’ Provident Fund Organization (EPFO) has revised the rules for updating the profile of the members. With the recent revision, EPF members can update their Aadhaar-linked Universal Account Numbers (UAN) with personal details without the need to upload documents. EPF members can update their profiles with personal information such as name, date of birth,…
I am planning to buy a home and will be taking a loan to finance my purchase. While exploring my options, I came across loan protection insurance. I want to understand whether it is necessary and how it can benefit me. – Name withheld on request Buying a home or car is a dream come…
You can make money by investing in the share market, but you need to be careful and keep in mind a list of financial points. Warren Buffett once said, “Price is what you pay. Value is what you get.” You need to keep the following points in mind as you invest your hard-earned money in…
Compounding is one of the key secrets of wealth creation. When you invest a small sum in a stock or a mutual fund and keep it locked for a long period, it grows at a fast pace in the later years than it did in the initial years. This happens because the returns generated in…
The idea of making a fortune by investing at the bottom of a crisis is often glorified, fostering the belief that wealth is built by timing market downturns with precision. Stories of investors who seized opportunities during market collapses create the illusion that waiting for the next major crisis—and deploying capital at exactly the right…
In a major step towards improving the timeliness and accuracy of credit reporting, the Reserve Bank of India (RBI) has introduced a new policy mandating banks to report credit bureau accounts on a 15-day cycle from January 1, 2025. This shift from the earlier monthly cycle is expected to give lenders and borrowers a clearer…
While personal loans are being made easily accessible in India, they are a solution in waiting for money to fulfill all possible needs, be it a health issue or weddings. Their easy availability might be concealing some serious threats. Five things worth considering before availing a personal loan are listed below: Personal loans can come…
To match the score of DSP’s fund, the new kid on the block, the sum of the funds that gave positive returns would need to be more than doubled. Among the 11 funds in this category, six recorded negative returns in the last year, according to the pension fund regulator’s NPS Trust website. A closer…
