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RBI to stop banks from levying foreclosure charges or prepayment penalties on loans. Details here

New Delhi, Feb. 24 -- The Reserve Bank of India (RBI) has released a draft circular intended to direct banks not to levy foreclosure charges/ pre-payment on the floating rate term loans for purposes o... Read More


Student loan accounts to be linked to digital currency wallets for transferring subsidies: Report

New Delhi, Feb. 24 -- The government is contemplating rolling out a system to route and settle interest subsidies on education loans throughdigital currency wallets,Economic Timesreported quoting bank... Read More


FD interest rates: These 6 banks offer highest interest across these tenures. Check here

New Delhi, Feb. 22 -- Before starting a fixed deposit (FD), it is common for depositors to compare the interest rates offered by different banks so that they can maximise the income earned on it. Typ... Read More


What is a pre-approved personal loan? Is this better than instant loan?

New Delhi, Feb. 20 -- Are you planning to raise apersonal loan and before you opt for it, you realise that you already have apre-approved loan offer. Now you are in a dilemma as to whether you should ... Read More


Personal Loan: Is it wise to borrow to repay current debts? Key things to keep in mind

New Delhi, Feb. 20 -- Do you have a number of financial obligations akapersonal loans and planning to redeem them by raising a fresh one? This is not a bad idea, nor is this unprecedented but whether ... Read More


Personal loan: Should you opt for it to invest in business?

New Delhi, Feb. 19 -- Personal loan is an advance given to someone in need i.e., needs money urgently. This is anunsecured form of borrowing which can be used for an array of purposes which include, b... Read More


LIC rolls out Smart Pension Plan. Key questions answered for the retirement scheme

New Delhi, Feb. 19 -- Life Insurance Corporation has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. This is a single premium... Read More


LIC rolls out Smart Pension Plan. Key questions answered on retirement scheme

New Delhi, Feb. 19 -- Life Insurance Corporation of India (LIC) has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. The new ... Read More


Credit Score: 7 myths that most people believe

New Delhi, Feb. 19 -- A credit score is an important metric of your financial liquidity. This is a three-digit number that gives an indication of your creditworthiness. Lower thecredit score, poorer ... Read More


Do you have a credit card you never use? This is what you can do with it

New Delhi, Feb. 19 -- If you have acredit card but you have not been able to use it in a long time, then it is not uncommon. There are a number of people who sign up for credit cards forrewards, intro... Read More