The repayment schedule for such loans will shift by 3 months after the moratorium period and it includes all principal and interest payments. The interest for this period will continue to accrue on the outstanding portion of
Investment should be done after thorough research and invest in the instruments that are easy to understand with sustainable growth. First-timers can take guidance from a financial advisor to lay out a road map before you sta
The repayment schedule for such loans along with the tenor will also shift by 3 months after the moratorium period. The interest for this period will continue to accrue on the outstanding portion of the term loans during the
An escrow account is a third party account where funds are kept before they are transferred to the ultimate party. It provides security against scams and frauds especially with high asset value and dispute-prone sectors like
Digital frauds are not just limited to loss from IT theft, email spoofing, malware attack, cyberstalking, identity theft, or phishing, but fraudsters are also calling and fooling even tech-savvy people.
Some of these small saving schemes like Monthly Income Scheme, Post office Time Deposits, National Saving Scheme, etc. levy charges on depositors for certain services. For instance, you will be charged for services like trans
Staying invested and continuing payments in a regular and disciplined manner will enable policyholders to overcome the impacts of the current market movements. In the wake of uncertain global high impact events, some of these
Borrowers can avail of a salary loan of up to 20 times of his/her last drawn monthly gross salary, up to Rs 2 lakh. Emergency pension loans can also be availed by senior citizens, up to 15 times their monthly pension, capped
NPCI has also fast-tracked the onboarding system of UPI/UPI-QR to make it totally contactless and fully online, for both vendors and merchants. With this customers can use UPI to pay for essentials and transfer money digitall
Rolling over credit and not clearing dues every month have become common with cardholders. Most cardholders think credit card to be spare money and then spend it recklessly, because of which many people find themselves, deep
When the goal is near but you are not sure when it will happen, for such occasions, the funds need to be available immediately whenever the need arises. The main point is the liquidity of these investments, they can be redeem
The main purpose of NPS is for depositors to get pension during retirement, along with the benefit of tax-saving every financial year. The NPS offers extra Rs 50,000 annual tax saving along with 40 per cent tax saving on the
The worst part of the whole scenario is that no one knows how long the pandemic would last. In times like this to manage your finances, the first thing to do is to maintain your emergency fund. Then make sure to pay your non-
If you are looking to use your savings for monthly income support, you can do so with the SBI Annuity Deposit Scheme. Depositors can make a one-time lump sum deposit, and get monthly income from this scheme.
Bank account holders/ cardholders who are expecting the issuance of their new debit or credit cards after March 16 should be aware of a few things, while doing any type of transactions after 16th March.
While most health insurance policies in India claim to be providing cover for the coronavirus infection, there are various criteria under which policyholders are also denied a claim for its treatment. To help to tackle the ou
In the modified regulations of the SSY scheme, certain provisions have been removed to be replaced with the new ones, while others have been clarified. Even though no major changes were made in the scheme, some small modifica
If you want to withdraw money before retirement, it can only be for specified needs. EPFO allows partial withdrawals for certain circumstances such as medical emergencies, education, marriage, home loan repayment, purchase or
The policy benefits of the COVID-19 protection cover will be offered to people across the age group of 18 to 75 years, covering the senior citizen population that is said to be majorly impacted by the virus.
If you are planning for a planned hospitalization, as a policyholder you need to inform the insurer about the forthcoming claim. In the case of emergency hospitalization, the insurer should be informed about the upcoming clai