Author: Nisha Chawla

Fixed Deposits (FDs) are a reliable investment choice, especially if you have idle funds and want stable returns without exposure to market risks. Short-term FDs (1-3 years) are popular due to their low risk and predictable returns. Here’s an overview of some banks offering the highest interest rates for 1-year and 3-year FDs, helping you make an informed choice for your investment. Why Choose a Short-Term FD? Short-term FDs can help build an emergency fund and provide a secure place for your savings with flexible terms. They offer liquidity, allowing funds to be withdrawn when needed. Here’s why a 1…

India’s banks are becoming increasingly selective in handing out credit cards as default risks grow in the unsecured loan market. Recent data shows that the number of new credit cards issued in September has dropped sharply, as banks reassess their exposure to non-repaid credit card debt. Here’s a closer look at why banks are holding back and how rising defaults are impacting credit card distribution in India. Decline in New Credit Card Issuances The latest data from the Reserve Bank of India (RBI) reveals a noticeable drop in new credit card distribution. Banks issued approximately 6.2 lakh new credit cards…

The central government has launched the Pradhan Mantri Vishwakarma Yojana (PMVY), a scheme to empower skilled artisans from various traditional trades across India. This initiative aims to provide financial assistance and skill development support to eligible individuals in trades like carpentry, goldsmithing, pottery, and more. Here’s a breakdown of how you can benefit from this scheme. Key Benefits of PM Vishwakarma Yojana 1. Interest-Subsidized Loan Without CollateralThe most attractive feature of this scheme is the easy access to loans without requiring collateral. Eligible artisans can take a loan of up to ₹3 lakh at a low interest rate of 5%…

With Diwali just around the corner, many banks and financial institutions are offering attractive home loan schemes. From low interest rates to no processing fees, these festive deals seem perfect for those looking to buy a home. However, experts advise borrowers to carefully plan their loans and consider both the financial benefits and long-term impact before making any commitments. Special Offers on Home Loans During the Festive Season Banks are offering exciting festive home loan benefits, including: Plan Your Loan Wisely Before Applying While festive offers are tempting, borrowers should take a cautious approach. Raul Kapoor, Co-CEO of Andromeda Sales…

While the State Bank of India (SBI) is well-known for serving millions in India, it is also making a significant mark internationally, particularly in Africa. SBI, in partnership with India Exim Bank, is actively contributing to economic growth and stability across 40 African nations, showcasing India’s growing global footprint. Collaborating to Support African Businesses Together, SBI and India Exim Bank are playing an essential role in addressing the financial needs of African businesses. By offering critical trade finance and facilitating access to funds, these banks are bridging the financial gap that often limits the growth of enterprises in African countries.…

When you’re thinking about taking out a personal loan, it’s crucial to make an informed decision. With several banks and financial institutions offering personal loans at varying interest rates and repayment terms, choosing the right option can be overwhelming. One of the easiest ways to simplify this process and ensure you make a sound financial decision is by using a Personal Loan EMI (Equated Monthly Installment) calculator. A Personal Loan EMI calculator is an online tool that helps you quickly estimate how much you will need to repay every month based on the loan amount, interest rate, and tenure. Here’s…

Credit cards can be a lifesaver when used correctly, providing savings and numerous perks. One useful feature offered by some credit cards is balance transfer. This allows you to pay off your dues on another credit card without facing hefty penalties or high-interest rates. Let’s explore the top 4 credit cards that provide the best balance transfer options with minimal charges. What is a Balance Transfer? A balance transfer lets you shift your outstanding balance from one credit card to another. This can save you from high-interest charges, which typically range from 36% to 48% annually if you miss payments.…

As Diwali approaches, the festive spirit is in full swing, and for many, this is the season for shopping. Whether you’re buying gifts for loved ones, upgrading home appliances, or stocking up on festive décor, shopping is an integral part of Diwali preparations. To make your spending smarter and save money, using the right credit card can go a long way. Several credit cards offer exclusive benefits, reward points, cashback, and zero joining or annual fees—perfect for your Diwali shopping needs. Let’s take a look at some of the best zero-fee credit cards that can help you save during this…

With the festive season in full swing, many people are gearing up for major purchases for Dhanteras, Diwali, and other celebrations. If you’re looking for financial support during this time, an instant personal loan could be an ideal option. Unlike traditional loans that involve paperwork and long waiting times, an instant personal loan offers quick disbursement, often within a few hours of applying. Here’s a detailed look at what an instant personal loan is, how to apply for it, and the benefits it offers. What is an Instant Personal Loan? An instant personal loan is a type of unsecured loan…

Savings accounts are a vital part of personal finance, providing a secure place to store your money while also earning interest. Banks offer a variety of savings accounts, each designed to cater to the specific needs of different individuals. Whether you’re a senior citizen, a salaried person, or a parent looking to open an account for your child, there is an account for you. Here’s a simple guide to help you understand the most common types of savings accounts available and their unique features. 1. Regular Savings Account: The Standard Choice The regular savings account is the most common option…