Author: Nisha Chawla

Bank Fixed Deposits (FDs) are one of the safest and most popular investment options for people looking to grow their savings. But did you know that FDs can also provide a steady monthly income? If you’re looking for regular payouts from your investment, especially after retirement, banks like State Bank of India (SBI), Axis Bank, and others offer a special scheme known as FD Monthly Interest Payout. Let’s explore how this monthly income option in Fixed Deposits works, who it’s ideal for, and why it could be a great addition to your financial plan. What is FD Monthly Interest Payout?…

The festive season brings plenty of shopping, from clothes and gadgets to home appliances and gifts. Along with discounts from retailers and online platforms, using a co-branded credit card can help you save even more. These cards offer special benefits with specific brands and make your festive shopping much more rewarding. What Makes Co-Branded Credit Cards Special? A co-branded credit card is designed in partnership between a bank and a particular brand or retailer. When you shop with these cards, you receive exclusive deals, extra rewards, and cashback offers, particularly with the brand tied to the card. This makes them…

With the rapid digitization of banking, cash withdrawals have become easier than ever. While many of us rely on UPI apps and online payments for convenience, there are times when cash is still necessary. Whether it’s for small purchases or payments in areas without digital access, we often need to withdraw cash. But what if you don’t have your debit card handy or there’s no ATM nearby? Thanks to the Aadhaar Enabled Payment System (AePS), you can now withdraw money using just your Aadhaar card. Let’s look at how you can use this method and the important details like withdrawal…

If you think credit cards are just for shopping or booking flights, think again. Most people are unaware that credit cards come with a range of free insurance covers. These covers can protect you in emergencies, save money, and offer peace of mind. Today, let’s explore some of the key insurance benefits you might already have access to with your credit card and how you can make the most of them. Insurance Covers Available for Free with Credit Cards Travel Insurance If you travel frequently, you’ll love this perk. Many credit cards offer travel insurance that covers everything from lost…

For frequent travelers, airport lounge access can make a world of difference. Whether you’re flying for business or leisure, lounges offer a peaceful retreat from crowded airport terminals, complete with free food, Wi-Fi, and comfortable seating. Many credit card companies recognize the importance of this feature and offer complimentary airport lounge access as part of their card benefits. In this article, we’ll dive into the best credit cards for free airport lounge access in 2024, helping you choose the right card to enhance your travel experience. Why Airport Lounge Access Matters For air passengers, especially those who travel frequently, airport…

With the Reserve Bank of India (RBI) keeping the repo rate unchanged at 6.5% for the 10th time, experts advise locking your savings in fixed deposits (FDs) now. If inflation eases in the future, interest rates may decline, reducing FD returns. Here is a look at which banks currently offer the most attractive interest rates on three-year FDs. Why Now Is the Best Time to Invest in FDs? Since future interest rates could fall, locking in higher rates now will maximize your returns. Banks, especially private ones, are currently offering competitive rates. Below is a comparison of three-year FD rates…

Having a savings account is common, but many people forget about the minimum balance they need to maintain. If you fail to meet this minimum balance requirement, banks could impose a non-maintenance fine. This seemingly small penalty can snowball over time, costing you a lot of money annually. To help you avoid such charges, here’s a guide on the minimum balance requirements across various banks in India. Why It Matters to Maintain Minimum Balance in Your Savings Account When you open a savings account, banks usually inform you of a minimum balance requirement. Failing to maintain this balance can result…

Diwali is a time of celebration, and for many, it’s also an auspicious occasion to make significant purchases like vehicles. If you’ve received a Diwali bonus this year, you might be considering using it to buy a new car. Many people use their festive bonus to purchase household appliances, plan vacations, or invest in savings schemes. However, buying a car can be a smart choice, especially with attractive deals available during this season. Car manufacturers like Tata Motors, Hyundai, and Mahindra are offering festive discounts to boost sales, and banks are stepping in with attractive car loan offers. Some banks…

ICICI Bank has announced changes to its credit card benefits for the second time this year, taking away several key perks that customers have enjoyed. The new rules, which will come into effect on November 15, 2024, will impact benefits like rewards on utility bills, fuel surcharge discounts, and lounge access at airports. The bank has also introduced new transaction fees for specific payments, including school and college fees. Higher Spending Limit for Lounge Access One of the most significant changes is the increase in spending requirements for airport lounge access. Previously, customers needed to spend Rs 35,000 in a…

With the festive season upon us, many people seek financial assistance to manage their expenses. Personal loans are one of the most popular ways to meet those needs, along with credit cards. Banks are offering attractive loan deals during this time. Here, we explore the personal loan offers from different banks, helping you find the most affordable options based on interest rates, monthly EMI, and processing charges. Why Personal Loans? Personal loans are an easy way to get funds without collateral. Unlike a credit card, a personal loan comes with fixed interest rates and monthly installments. However, while credit cards…