Author: Nisha Chawla
Nisha Chawla
Nisha Chawla is a seasoned professional with 15 years of experience in banking, insurance, investment, and the debt sector. Holding a B.Com degree, she has been writing for the past five years, offering valuable insights on banking, loans, and financial schemes. Her passion for writing brings clarity to complex financial topics.
Planning to visit the bank soon? Make sure to note the upcoming bank holidays! Banks across different states in India will be closed for four consecutive days, starting from Friday, September 20, 2024. These holidays are spread out due to local festivals and special events in various regions, so not all states will experience the same closures. Let’s break down the holiday schedule and understand why banks will remain closed. Complete List of Bank Holidays from September 20 to 23 September 20 (Friday): Holiday in Jammu and Srinagar for Friday after Eid-e-Milad-un-Nabi In Jammu and Srinagar, banks will be closed…
The US Federal Reserve made headlines on September 18 by lowering interest rates by 50 basis points (0.50%). This move has brought US interest rates down to the range of 4.75%-5%. With the US central bank reducing rates just before the upcoming presidential elections, experts believe that this decision will have implications not only for the US economy but also globally, including in India. Impact on Indian Bond Market A key question on many investors’ minds is: what does this mean for the bond market in India, and how will it affect the returns on mutual fund debt schemes? The…
Retirement planning is something many people tend to delay. However, the earlier you start, the easier it becomes to build a large retirement fund that can cover your post-retirement expenses. Those in their 20s or early 30s should begin planning right away to take full advantage of time for saving and investing. This approach allows you to accumulate more money through smart financial choices, providing more comfort and stability after retirement. Don’t Ignore Inflation: Keep Your Investments Safe from Price Hikes One of the most important aspects of retirement planning is to consider the effect of inflation. The value of…
Foreign Institutional Investors (FIIs) have shown increasing confidence in the Indian stock market this September, making it their preferred destination among emerging markets. With a whopping $219 million in purchases so far this month, India’s market has attracted more investment compared to countries like Vietnam, Brazil, South Korea, and Taiwan. While FIIs have withdrawn from other markets, their trust in the Indian economy is clear. Experts are optimistic about continued inflows but also warn of challenges ahead. Experts Caution on Liquidity Management Amid Surging FII Inflows Gaurang Shah, Head of Investment Strategy at Geojit Financial Services, believes that further foreign…
Managing your finances might seem tricky, but it becomes much easier when you follow a structured plan. No matter how much you earn, having a solid monthly budget is essential. Budgeting helps you understand where your money goes, how to save, and how to prioritize your spending. A great way to simplify budgeting is by using the 50-30-20 rule, a popular method to divide your income smartly between your needs, wants, and savings. What is the 50-30-20 Rule? The 50-30-20 rule is a straightforward approach to managing your income. This rule suggests splitting your monthly income (after tax) into three…
In a significant move, Non-Resident Indians (NRIs) can now use Unified Payments Interface (UPI) for payments via their international mobile numbers. This change eliminates the previous need for an Indian mobile number to access UPI services. The new rule will be a game-changer for NRIs living abroad, making payments simpler and more accessible. No More Indian Mobile Numbers Required for UPI Payments Abroad The National Payments Corporation of India (NPCI) recently announced this update, which applies to NRIs in ten specific countries. NRIs will now be able to link their Non-Resident External (NRE) or Non-Resident Ordinary (NRO) bank accounts with…
After a successful IPO, Bajaj Housing Finance is poised for significant expansion, with Chairman Sanjeev Bajaj projecting steady credit growth of 12-15% in the coming years. The company’s strong performance has already attracted widespread investor attention, and its stock price has seen a remarkable increase of over 150% in just two days after its listing. Contributing to India’s Economic Growth Bajaj Housing Finance is well-positioned to play a major role in India’s financial sector. According to Sanjeev Bajaj, “Our company will make a significant contribution to India’s credit growth, especially in the housing finance segment.” The company aims to make…
If you’re considering locking in a higher interest rate on Fixed Deposits (FD), you have until September 30 to take advantage of the special FD schemes offered by SBI, IDBI Bank, and Indian Bank. These schemes offer competitive interest rates ranging from 7.05% to 7.35% for general investors, and slightly higher for senior citizens. But should you invest? Here’s a breakdown of why this might be the right time to make your move. Higher Interest Rates for a Limited Time With expectations of a rate cut by the US Federal Reserve on September 18 and the possibility of the Reserve…
Credit card fraud is a growing concern in today’s digital age, where financial transactions are increasingly conducted online. As cyber criminals become more sophisticated, it’s essential to stay vigilant and adopt effective measures to protect yourself from fraud. This comprehensive guide provides practical tips and best practices to help you prevent credit card fraud and safeguard your financial information. Understanding Credit Card Fraud Credit card fraud occurs when someone uses your credit card information without your permission to make unauthorized purchases or withdraw funds. This can happen through various means, including stolen physical cards, data breaches, phishing attacks, and skimming…
Unified Payments Interface (UPI) has revolutionized the way we handle financial transactions in India. Developed by the National Payments Corporation of India (NPCI), UPI allows for instant money transfers between bank accounts via a mobile platform. While UPI provides convenience and efficiency, users sometimes encounter issues that require resolution. If you face any problems while using UPI, knowing how to register a complaint is crucial. This guide will walk you through the process of registering a UPI complaint, ensuring your issues are addressed promptly and effectively. Understanding UPI and Common Issues Before delving into the complaint registration process, it’s essential…