Author: Nisha Chawla

Bank of Baroda (BoB) has introduced a new co-branded debit card in collaboration with EaseMyTrip, aimed at frequent travelers and lifestyle enthusiasts. This debit card comes with exclusive discounts on flights, hotels, buses, and other travel-related bookings, plus benefits like airport lounge access and premium OTT subscriptions. Key Features and Discounts on Travel With the BoB-EaseMyTrip Debit Card, cardholders can enjoy a range of exciting travel-related discounts and offers: Additional Benefits for Entertainment and Shopping The perks of the BoB-EaseMyTrip card go beyond travel: Comprehensive Insurance and Easy Application In addition to travel and entertainment perks, the card offers air…

It’s said that life can take unexpected turns, and nowhere is this more evident than in the financial world. The story of Anil and Manoj, two friends who started their careers together, illustrates how small decisions made at the start of a career can have a huge impact over time. This is a story of how two people with identical starting points ended up in vastly different financial positions just 15 years later. The Early Days: Same Jobs, Same Salaries, Different Mindsets Anil and Manoj, both aged 25 at the start of their careers, secured jobs with a monthly salary…

When you’re in urgent need of cash, a gold loan can be one of the quickest and simplest ways to arrange money. By pledging your gold ornaments as collateral, you can get a loan with minimal paperwork and quick disbursal. Here’s a fresh look at gold loans, highlighting essential aspects and which banks are offering the best rates. What Is a Gold Loan? A gold loan allows you to borrow money against your gold jewellery. You can pledge 18 to 22-carat gold, and the bank provides a loan based on the value of that gold. It’s considered a secured loan…

Gold loans are a popular way to meet immediate financial needs, and they come with the added advantage of minimal documentation and quick processing. However, selecting the right financial institution is essential to ensure you get the best deal. Here’s how you can make the right choice when opting for a gold loan. Understanding Gold Loans A gold loan is a secured loan where you pledge your gold jewellery or coins as collateral in exchange for funds. The loan amount depends on the value of your gold, typically calculated using the loan-to-value (LTV) ratio. Many people use gold loans for…

At some point, many of us have experienced frustration when a bank employee refuses to complete our work or makes us wait unnecessarily. From asking you to return after lunch to not being available at their desk during office hours, such situations can be frustrating. But did you know that the Reserve Bank of India (RBI) has granted bank customers several rights to address such issues? If a bank employee is neglecting your work, immediate action can be taken. Your Rights as a Bank Customer: Take Action Against Delays Many bank customers are unaware of the rights they have to…

The recent decision by the US Federal Reserve to reduce interest rates has caught the attention of global markets, including India. This rate cut, driven by inflation concerns and job market shifts in the US, could have significant ripple effects on the Indian economy. While there is no immediate change in India’s interest rates, experts predict that the Reserve Bank of India (RBI) could take cues from the Federal Reserve’s actions, potentially influencing the lending and investment environment. Why Did the US Federal Reserve Reduce Interest Rates? The Federal Reserve, which is the central bank of the United States, has…

Financial planning is not a one-size-fits-all strategy. It changes as you move through different stages of life. What works for someone in their early 20s may not be suitable for someone in their 30s or 40s. Your responsibilities, income, and financial goals evolve with time, and your financial strategies should adapt accordingly. Let’s explore what financial planning looks like in your 20s, 30s, and 40s, and how to make the most out of each stage. Financial Planning in Your 20s: Laying the Foundation In your 20s, you’re just starting your career, and this is the best time to build a…

Bank Advises Customers to Activate Accounts, Submit KYC to Prevent Inactivity If you have a Punjab National Bank (PNB) account and haven’t used it for over two years, this alert is crucial for you. PNB has once again informed customers that accounts with no transactions for more than two years and a zero balance may soon be closed. The bank has advised account holders to take necessary steps to avoid account closure by making transactions and updating Know Your Customer (KYC) documents. PNB’s Social Media Alert: Make Transactions to Keep Your Account Active PNB recently issued an important message on…

Find the best car loan deals from SBI, HDFC, ICICI, PNB, UCO, and more. Get the best interest rates, and EMI options, and save money on your car loan. Why Comparing Car Loan Offers is Important for Savings The festive season is a great time to buy a new car in India, with many manufacturers launching new models. However, for most middle-class families, purchasing a car means taking out a loan. Car loans come with higher interest rates than home loans, so comparing offers from various banks is essential to find the best deal. A good loan plan can help…

Credit cards are a popular payment option, especially among younger generations who use them for everything from shopping to online booking. But while credit cards offer convenience, they also carry the risk of debt. Many people receive regular calls from banks offering new credit cards, and this isn’t a coincidence. Banks actively push credit cards because they make significant profits through various charges. Let’s explore how banks generate income through credit cards and the hidden costs that users often overlook. Interest on Credit Cards: A Major Source of Income One of the most significant ways banks earn from credit cards…