Author: Nisha Chawla

Good news for travel lovers! ICICI Bank has teamed up with MakeMyTrip, one of India’s top online travel platforms, to introduce a new co-branded credit card that offers amazing benefits for those who love to explore. This credit card is designed to make your travel experience better while saving you money, especially during the festive season when many plan their holidays. Incredible Rewards and Discounts The ICICI Bank MakeMyTrip credit card is packed with advantages for its users. Here’s what you can expect when you use this card: Affordable Fees and Special Offers The ICICI Bank MakeMyTrip credit card comes…

In today’s digital world, making financial transactions has become easier than ever. However, this convenience comes with the increasing risk of cyber crimes. Fraudsters are constantly finding new ways to exploit unsuspecting individuals and businesses. To keep your money safe and avoid falling victim to these cyber attacks, it’s crucial to adopt effective safety measures. Understanding Cyber Attacks Cyber attacks can take various forms, with ransomware and phishing being the most common. Ransomware involves hackers locking your device and demanding payment to restore access. On the other hand, phishing attacks trick you into revealing sensitive information, such as passwords or…

During the festive season, you’ll find a flood of offers, discounts, and deals. One popular option many customers are drawn to is the No-Cost EMI. It sounds great — the promise of purchasing high-ticket items without paying the full price upfront and in easy installments. It’s an offer that e-commerce sites and retailers push aggressively, but is it as good as it sounds? Let’s take a deeper look at what no-cost EMI really offers and the hidden costs you might not be aware of. The Illusion of “No Cost” EMI At first glance, the concept of no-cost EMI seems like…

Google Pay users in India have a reason to celebrate as the popular payment platform has expanded its services, making loans more accessible. During the 10th edition of the Google for India event, the tech giant announced partnerships with Muthoot Finance and Aditya Birla Capital, allowing users to avail gold loans and personal loans through the app. Gold Loan Now Available Through Google Pay One of the biggest announcements was the launch of a gold loan feature on Google Pay. Thanks to a collaboration with Muthoot Finance, users can now take out a gold loan of up to Rs 50…

The Reserve Bank of India (RBI) has identified several irregularities in the gold loan process, particularly with Non-Banking Financial Companies (NBFCs). Following an in-depth investigation, the central bank issued a circular on September 30, giving these companies three months to resolve the issues. The rise in the volume of gold loans in recent years, with a 25% growth between 2020 and 2024, has prompted stricter oversight from the RBI. With the gold loan market growing fast, borrowers need to understand the process fully before committing. If you are planning to take a gold loan, here are some important things to…

The Reserve Bank of India (RBI) has identified several violations in the way gold loan companies are operating, highlighting a range of concerns related to transparency, improper gold valuation, and inadequate KYC processes. After reviewing the practices of supervised institutions (SEs), the RBI has urged immediate corrective measures to ensure compliance with the existing rules. Gold Valuation Issues and Lack of Transparency One of the key issues flagged by the RBI is that gold loans are often issued without proper valuation in front of the customers. This lack of transparency in assessing the value of gold has become a growing…

In recent years, credit cards have become an essential financial tool for millions. They offer convenience for shopping, building a CIBIL score, and even helping in emergencies. However, many people are now facing a harsh reality—credit card debt is getting out of control, and borrowers are finding it difficult to repay their bills. In some cases, individuals are even taking out loans to manage these growing debts. Let’s explore how this trend is affecting people and why it’s becoming a financial trap. Credit Card Defaults on the Rise According to recent data, credit card default cases in India have seen…

When planning to take a personal loan, the first thing you should do is calculate the monthly EMI (Equated Monthly Installment). This helps you manage your budget and know the exact amount you’ll be paying every month. The best way to do this is by using an online EMI calculator, a tool that simplifies the entire process. Before applying for a personal loan, comparing interest rates and processing fees across banks is important. Using an EMI calculator gives you an estimate of how much your monthly installment will be, based on the loan amount, interest rate, and loan tenure. This…

Your CIBIL score plays a huge role in whether you get a loan or not. This score shows how reliable you are when it comes to repaying loans and handling credit. Banks and financial institutions look at your CIBIL score before they decide to approve or reject your loan application. A high CIBIL score means that you are more likely to get a loan, often with better terms like lower interest rates. A low score, on the other hand, makes it hard to get loans, or you might have to accept higher interest rates. But don’t worry—if your CIBIL score…

In the world of currencies, many countries honor their historical leaders by featuring their images on banknotes. India, like the US with George Washington or China with Mao Zedong, showcases Mahatma Gandhi on its currency. However, Gandhi wasn’t the first choice to appear on Indian notes. The story of how his image eventually came to represent Indian money is quite fascinating and reflects the nation’s journey through history and independence. The Early Days: Post-Independence Currency Design When India gained independence in 1947, there was a natural expectation that the country’s currency would reflect its new identity. Up until then, Indian…