How Credit Card Companies Thrive on People not Redeeming their Rewards

For those who do not understand the basics of how a credit card works, it’s simple – imagine the next time you are out making a purchase at a grocery store or out shopping for new clothes, and you can pay the bill without having to pay using cash or your savings! Sounds like a compelling proposition, right? Continue reading “How Credit Card Companies Thrive on People not Redeeming their Rewards”

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India’s First Digital Only Bank digibank offers more than Kotak 811

With the whole idea of going cashless, the banking sector has completely revamped the way transactions are made. Several banks have come up with digital wallets, efficient banking apps and services. However, DBS has taken it to a next level with a revolutionary way to bank with digibank, India’s first downloadable bank account. It is an app that allows you to open a savings account without physically visiting the bank and helps you do transactions on the go. The digibank app provides a trusted, hassle free way to update the KYC information post which an executive visits you for the biometric information. The app lets you shop, pay utility bills, do mobile recharges and make online payments and also enjoy cash back offers at the same time. Continue reading “India’s First Digital Only Bank digibank offers more than Kotak 811”

PPF, FD, RD: What Should you Choose?

For secure investments, Public Provident Fund, Fixed Deposit, and Recurring Deposits are great options. You should choose based on what you need.

Have some funds on hand and want to find a good investment venture to make your money work for you? Traditionally, Fixed Deposits have been the go to scheme for short term investments. If you’re looking to lock in money for a longer period, then you can choose Public Provident Fund. Recurring Deposit is another option that’s a great idea to cultivate a systematic savings habit. Continue reading “PPF, FD, RD: What Should you Choose?”

Transferring the personal loan: Understanding 5 factors

You can easily transfer your personal one from one bank to another, but there are important factors to consider before doing so.

Taking a personal loan has many advantages, for both business and personal purposes. The loan is disbursed fairly quickly and the monies can be used for a variety of needs. Traditionally, people have been averse to taking loans for purchases, but lately, it has become somewhat of a trend to borrow personal loans, vehicle loans, house purchase loans, etc. In the face of mounting expenses and rising inflation, one may not have the financial wherewithal to buy expensive items on an outright purchase basis. Continue reading “Transferring the personal loan: Understanding 5 factors”

5 Ways a New Homeowner Can Save Money

Buying a home means something different to each person. But one thing is the same for just about everyone – it’s going to be expensive. In addition to saving up 5-20% for a down payment, on average home buyers pay 2-5% of purchase price in closing costs as well.

If you want to realize the American dream of home ownership, you don’t have to be house poor. There are ways you can use your living situation to save money each month and offset the cost of buying. Continue reading “5 Ways a New Homeowner Can Save Money”

Top 10 Benefits of New Models of Mutual Funds

As more and more people realise that investment needs a lot of prudence, financial services companies are focusing more and more on bringing out new models of mutual funds which are attempting to provide higher returns to potential investors based on their risk exposure. Continue reading “Top 10 Benefits of New Models of Mutual Funds”

Putting Health Back in Health Insurance

For most of us, insurance is just a way of risk mitigation for those unwanted times when health problems occur. While it is true, that in life, problems seldom come alone, it is also true that preparation beforehand can help to mitigate many of the challenges which may be faced by us during those testing times. Continue reading “Putting Health Back in Health Insurance”

Term Insurance Calculator: Do the math before you buy a term plan

Deciding to buy a term plan is easy – doing the calculations for the right plan is even easier! We explain why using a term plan calculator is a wise option.

It is basic human nature to worry about the future. You must have experienced it yourself: even during the times that you are happy and content with life, you may feel a twinge of worry about your loved ones. No, you won’t constantly worry about what happens to your loved ones unless you are a paranoid person. But it is fairly normal to wonder what your family members would do if you were suddenly absent from their lives. Continue reading “Term Insurance Calculator: Do the math before you buy a term plan”

The 7 new homeowner tax breaks you may be missing out on

Few things can impact your tax bill like owning a home. And if you’ve been busy shopping, choosing, buying, and closing on a house, we’re going to bet that you forgot all about this pot of gold at the end of the rainbow. Continue reading “The 7 new homeowner tax breaks you may be missing out on”

Is the Time Right to Refinance Your Home?

Most people can’t afford to pay cash for their home. Properties are an expensive acquisition, so unless you are an A-Lister or Walter White, you probably don’t have hundreds of thousands of dollars lying around in your bank or closet. Sadly, this means you have no choice but to go cap in hand to a lender and persuade them to give you a mortgage. Continue reading “Is the Time Right to Refinance Your Home?”

Top 5 things to lookout for before getting a Motorcycle Loan

Owning your dream bike is now possible with a motorcycle loan. Leading banks and non-banking financial companies (NBFCs) offer such loans at competitive interest rates. There are several loan options available and making the right choice may seem confusing.

Here are five tips to choose the most suitable motorcycle loan. Continue reading “Top 5 things to lookout for before getting a Motorcycle Loan”

Do Debt Help Services Really Work?

Before you ask how they work or if they truly work, it’s important to understand  how a debt help service company operates. In a nutshell, debt help or debt relief services offer you assistance to get out of debt through various means, which include, but are not limited to, credit counseling, debt consolidation, and debt negotiation. Continue reading “Do Debt Help Services Really Work?”