As per the latest RBI’s report, the total outstanding amount of un-secured loans (personal loans) given by the formal banking sector is around Rs 16,200 billion. That’s a huge amount!But, we all know that a majority of us (Indians) also rely on our friends, family Continue Reading.....
A Complete Guide to ‘How Banks Assess Your Credit Health’ | How Lenders decide whether to give you Credit?
When Karthik’s father had a medical emergency, he decided to pursue one of the many loan/credit card offers he receives on a daily basis. Initially, all looked positive as the over-enthusiastic bank representative excitedly pointed all the benefits Karthik would receive Continue Reading.....
How Technology is Redefining the Financial Services Industry – As we know it today!
Technology today is rapidly changing the world around us. The wide-spread availability of internet enabled mobile phones has helped the common man to reap the benefits of technological advances in all streams around them.A consumer today can hail a cab conveniently Continue Reading.....
RBI’s latest data on Financial Savings & Liabilities of Indian Households (2016-17) | How & Where do we save & invest?
The Reserve Bank of India (RBI) has released the nineteenth volume of its annual statistical publication, ‘Handbook of Statistics on the Indian Economy - 2017' on 15th sep, 2017. Through this publication, the Reserve Bank has been providing time series data on various Continue Reading.....
Aadhaar number & Multiple Bank Accounts | Linking Status & Govt’s Subsidy
The Central government in one of its recent notifications (dated 1st June, 2017) has asked all the Financial institutions, including Banks, to verify and link Aadhaar numbers of their customers with their bank accounts.If you have multiple Bank accounts, you need to Continue Reading.....
How to check / verify if your Aadhaar number is active or not?
We all are aware of the fact that Aadhar number is slowly becoming the most important document to have. It is now mandatory to quote your Aadhaar number when filing your income tax returns, to link Aadhar to PAN card, while making real estate deals or even to get a Continue Reading.....
RBI’s new Guidelines on Customer’s Liability & Unauthorized Electronic Banking Transactions
In recent years, Indian banking system have been undergoing tremendous transformation and implementing many innovative ideas to offer best in class products / services to its customers.Most of the banks and financial institutions are now offering ICT (Information Continue Reading.....
When to submit Form 15G / Form 15H? | Details & Clarifications
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc.,The providers of these incomes (like your company / bank) can deduct a certain Continue Reading.....
How to link Aadhaar Number with PAN in three simple steps?
With effective from 1st July, 2017 it is mandatory to link Aadhaar number with PAN. As per the Finance Bill 2017, all PAN applications will require the Aadhar card number to be mentioned and all PAN card-holders must ensure that their PAN cards are linked to Aadhaar Continue Reading.....
What is Loan Refinance? What are the benefits of Refinancing?
Troubled with your monthly installments? Loan Refinance can be the best and easiest solution to cut down your Loan cost..Is major chunk of your salary gone in paying monthly installments, paying credit card bills, and other bills that fall in your kitty? There is a Continue Reading.....
