Sahil Arora

Articles By Sahil Arora

26 Articles

From mutual funds to VPF, top 5 investment options for salaried persons

Here are five investment options for salaried individuals to meet their various financial goals depending on their time horizon and risk appetite.

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Fixed Deposits Vs Recurring Deposits: Investing in FDs or RDs? Five tips to keep in mind

The capital protection and income certainty features of fixed deposits (FD) and recurring deposits (RD) make them the most popular choice among risk-averse investors.

Banks deduct 10% TDS when the interest income from FDs or RDs surpass Rs 40,000 (Rs 50,000 for senior citizens) in a financial year.

5 credit card moves to build a strong credit score

A disciplined usage of credit card can play an enabling role in building a good credit score, without incurring interest cost as in the case of loans.

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Struggling with credit card dues? These 5 ways can bail yourself out

Adopting these 5 ways can help manage your credit card dues, without incurring hefty finance charges.

credit card, credit card dues, EMI moratorium, COVID-19 , Credit card balance transfer, loan against credit card

Mutual Funds: Tips to make the most of bearish markets

From continuing with your SIPs to safeguarding your liquidity and investing in large-cap, multi-cap and index funds, make your market moves in a judicious way to avoid any investment mistakes.

Mutual Funds Vs Direct Stocks, Equity mutual funds, asset class, savings, us markets, inflation

Should you have multiple credit cards? Here is what you need to know

Despite increased penetration of credit cards among the Indian consumers, a sizeable section still fears credit cards as a means for stepping into a debt trap.

Citibank credit card payments, Citibank credit card interest rate, Citibank credit card interest rate calculation, Citibank credit card,

Selecting debt fund? Six factors to consider

The steep fall in FD rates may soon motivate low-risk investors and those looking to park their short-term surpluses to look towards alternative avenues such as debt mutual funds.

The first step towards selecting the right debt fund is to find out your risk appetite and time horizon of your financial goals. (Illustration: SHYAM Kumar Prasad)

National Pension System vs Mutual Funds: Which is the best investment option for building a sufficient retirement corpus?

Looking for the best investment option for retirement? Here is a look at how NPS and mutual funds fare against each other for retirement planning.

NPS vs Mutual Funds, NPS, mutual fund, MF, national pension system, best investment option, retirement, best investment option for retirement, ELSS, NPS All Citizen’s Model

5 best investment options to attain your short-term financial goals

Short-term investments of up to 3 years need greater emphasis on capital protection than generating higher returns.

best investment options, best investment option in India, short-term financial goals, bank FD, fixed deposits, debt funds, Company Fixed Deposit, RD, High Yield Savings Account

6 factors to consider before applying for a car loan

If you too are planning to avail a car loan, consider these six factors to land yourself with a good deal.

car loan, car loan interest rate, car loan calculator, car loan eligibility, LTV ratio, EMI affordability, processing fee, credit report

Want to upgrade your credit card? Here is a checklist to choose the right one

Upgrading your credit card is an obvious step to take when your income goes up. Here is a checklist which can help you upgrade to better a credit card.

credit card, credit card upgrade, credit card payment, credit card upgrade ICICI, credit card upgrade SBI, HDFC, credit card offers, credit card fees, credit score

Forex Cards Vs Credit Cards: Which one to choose for hassle-free travelling?

More and more people these days are opting for credit cards to avail the benefits they offer. However, how do they compare with forex cards while travelling abroad?

credit card, cancellation of credit card, close credit card, credit card dues, Discount offers, deals, cash back, reward points , loans

Auto Loan: 5 steps to take right after paying your car loan’s last EMI

While the joy of repaying the last EMI of your car loan is completely understandable, it’s important for the borrowers to take the following steps to avoid facing any issues later on.

car loan, car loan emi calculator, auto loan, auto loan payment, car loan interest rates, car loan EMI, NOC, car loan account statement

5 ways to benefit from the use of credit cards

Credit cards come with a host of benefits. Here are 5 reasons why you shouldn’t shy away from using credit cards.

credit card, credit card offers, credit card status, credit card interest rate, credit score, pre-approved loan

Should you close your old salary account after a job switch? Find out

While it is better to close your old salary account after a job switch, there may be situations where carrying on with your existing salary account would make more sense.

Unable to pay off your credit card debt? Follow these 5 tips

As credit cardholders start defaulting on their bill repayments, their outstanding balances start growing at a rapid pace. Here are 5 ways to pull out of the burgeoning credit card debt.

credit card, credit card debt, credit card debt trap, credit card payment, credit card interest rate, credit card debt consolidation, balance transfer credit card, outstanding dues, Credit card balance transfer

Credit cards: Know these ways to reduce your credit utilisation ratio

Lower credit utilisation ratio indicates responsible behaviour with credit, and that you don’t depend on it heavily. This, in turn, has a positive impact on your credit score.

credit utilisation ratio , credit cards

Want hassle-free car loan? Check these 5 easy steps

Buying our own car is an aspiration many of us are able to meet quite early in our professional lives, due to the availability of numerous vehicles within various price ranges, and easy loans on offer to finance them.

car loan, auto loan, how to get car loan, how to get car loan approved, car loan interest rates, credit score

Here’s why switching to a senior citizen savings account makes more sense

If you happen to be over 55 years and are still using your old regular savings account, you may be missing out on special features and benefits that can only be availed with senior citizen savings bank account.

senior citizen, senior citizen savings, senior citizen savings account, regular savings account, personal finance

How banks decide whom to give a credit card

Those who fail to get a credit card due to eligibility issues can opt for secured credit cards, with fixed deposit in the bank offered as collateral.

Going abroad? Here’s why you should use your credit cards wisely

One must remember that the implications of using your credit card abroad is different from that while transacting in India. There are particular charges that are levied on all international transactions.

Here is what you can do if you are unable to get a credit card

Credit cards not only save us from the hassle of carrying cash, they also reduce our cost of transactions by offering cashbacks, discounts and reward points on card transactions.

how to get credit card, what to do when get rejected for credit card, what is secured credit card, credit card on fd, credit card on fixed deposite

5 credit cards myths debunked: From not good for financial health o improving credit score, here is how to get it right

As closing your credit card would reduce your total available credit limit, it might increase your credit utilisation ratio. This in turn will reduce your credit score.

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Should you use a credit card? Here are 5 reason why the answer is yes

Credit cards have many advantages over other modes of payments. Although undisciplined swiping of a credit card can land you in a debt trap, its smart usage has several financial benefits.

Should you use a credit card? Here are 5 reason why the answer is yes

How to choose the right credit card: 6 power points to note

Opt for a credit card whose benefits in the form of cashbacks, discounts, reward points and lifestyle programmes outweigh the various mandatory fees associated with it.

All you need to know about your dormant & inactive savings account

If your current/savings account does not witness any transaction over a period of 12 months, it gets classified as inactive account. Thereafter, if such account continues to remain inactive for another 12 months, it is reclas

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