Author: Nisha Chawla

As we celebrate Children’s Day on November 14, marking the birth anniversary of India’s first Prime Minister, Pandit Jawahar Lal Nehru, it’s a great opportunity for parents to consider valuable life lessons they can pass on to their children. While gifts and celebrations are part of the tradition, this year, why not gift something that can last a lifetime—financial wisdom? Understanding how to manage money is a key life skill that every child should learn early. In an economy driven by digital payments, easy access to credit, and ever-growing choices, children should be equipped with financial knowledge to make wise…

Unified Payments Interface (UPI) has transformed the way people in India make payments, bringing cashless convenience to millions. Typically, UPI requires a linked bank account, but what if a person, like a child or senior family member, doesn’t have a bank account? That’s where UPI Circle comes into play. UPI Circle, a feature offered by the National Payments Corporation of India (NPCI), allows multiple people to access one bank account to make UPI payments. This makes it easier for family members, especially those without a bank account, to perform digital transactions without needing their account. Here’s a step-by-step guide to…

Personal loans have become an essential financial tool, offering quick and convenient access to funds without needing to pledge any assets. Whether it’s for a wedding, medical expenses, home renovation, or other needs, personal loans can help you cover costs with flexible terms. The best part? You can choose loan tenure and EMI amounts based on your financial situation. In 2024, many banks in India offer competitive interest rates on personal loans. Here’s a breakdown of some of the most affordable options from top banks, including interest rates, EMI calculations, and processing fees, to help you choose the best loan.…

HDFC Bank has raised the Marginal Cost of Funds Based Lending Rate (MCLR) by 0.05% on loans with specific maturity periods. This hike, effective from November 7, 2024, makes certain loans like personal and auto loans a bit costlier for borrowers. The bank’s latest move comes as the Reserve Bank of India (RBI) maintains its repo rate at 6.5% for the tenth consecutive time, impacting lending rates across the banking sector. New MCLR Rates for Various Loan Terms The latest MCLR adjustments mean that the overnight MCLR has now increased from 9.10% to 9.15%, while the one-month rate is now…

Want to make your airport experience more comfortable? Some of the best credit cards in India offer free access to airport lounges, where you can enjoy perks like free food, internet, and comfortable seating before your flight. Here’s a look at the top credit cards that offer lounge access in India, what you can expect from them, and how to apply for one. Why Get a Credit Card with Airport Lounge Access? Airport lounges provide a comfortable, quiet place to relax before your flight. These lounges offer amenities like food and beverages, internet access, and even shower facilities in some…

Yes Bank recently announced a reduction in interest rates on Fixed Deposits (FDs), impacting millions of customers across the country. The bank has decreased FD rates by 25 basis points (bps) for specific tenures, making the highest rate for general customers now 7.75%, down from 8%, and 8.25% for senior citizens. The new rates took effect on November 5, 2024. Let’s break down the changes, terms, and current FD rates so that customers can make informed decisions about their savings. New FD Interest Rates for General and Senior Citizens With these new adjustments, Yes Bank offers interest rates on FDs…

The Indian Rupee took a hit, reaching a record low of 84.30 against the US dollar as former President Donald Trump moves closer to securing another term in the White House. Wednesday’s drop of 21 paise marks a significant low, driven by the strengthened dollar and continuing foreign investment outflows from Indian markets. This currency fall highlights the impact of global political developments on India’s foreign exchange and market sentiment. Dollar Surge and Investor Concerns Forex experts suggest that the rise of the US dollar index, spurred by Trump’s likely victory, is putting pressure on the rupee. The dollar index,…

If you’re aiming for a career in the banking sector, Bank of Baroda (BOB) is now accepting applications for several managerial and leadership roles. With positions available in multiple departments, this recruitment drive offers a significant opportunity for eligible candidates to join one of India’s leading banks. The online application window is open, and candidates have until 19 November 2024 to complete their submissions. Below are the essential details on eligibility, age limits, fees, and the step-by-step process to apply. Key Roles Available in Bank of Baroda’s Latest Recruitment Drive Bank of Baroda’s recruitment drive includes a variety of roles…

If you use a bank locker to store valuable items, it’s important to stay updated on recent policy changes and new fee structures. Leading banks like SBI, ICICI, HDFC, and PNB have recently updated their locker fees, security rules, and nomination services to better serve customers. Here’s what you need to know to manage your locker effectively under these new policies. Understanding Bank Locker Services and Security Bank lockers are provided to individuals, companies, clubs, and other customers. However, banks don’t offer lockers in the name of minors. Acting as custodians, banks provide locker services for an annual rental fee,…

If you hold a credit card from SBI or ICICI Bank, there are some important updates you should know about. Both banks have announced several changes to their credit card reward programs, charges, and benefits that will take effect this November. These changes impact everything from utility bill payments to airport lounge access, so it’s essential to be aware of how they might affect your card usage. SBI Card: Key Changes from November 1, 2024 For SBI credit card users, the new rules are already in effect from November 1, 2024. Here are some of the main updates to keep…