Use this free EMI Moratorium calculator to understand how much extra interest you will have to pay if you opt for the three-month EMI holiday offered by your bankContinue reading →
A FAQ of the EMI moratorium announced by RBI on 27th March 2020. Should you opt for this?Continue reading →
Why the govt needs to avoid panic and stress among investors while handling unhealthy banks and why deposit insurance has limited practical useContinue reading →
How does No Cost EMI work? Is there a catch involved? What is the cost? Is it worth going for? Let us find out with an example.Continue reading →
- PMC Bank depositors have been affected by RBI restrictions after a Rs 4,355 crore scam came to light.
- Five depositors have died after RBI imposed withdrawal restrictions on PMC Bank.
- This could happen to us too! What are the lessons to be learnt from this?
From October 1, 2019, RBI has made an external benchmark based interest rate mandatory for certain categories of loans. What does this mean? How will this impact you? Let us find out starting with the basics. What does an external benchmark based loan mean in simple terms? The interest rate on your home loan/car loan/personal…Continue reading →
A new section under 80EE of the IT act has been inserted in the Union Budget 2019-2020 to provide an impetus to affordable housing. An additional tax deduction of Rs. 1.5L has been provided on home loan interest for residential property from any financial institution subject to the following conditions Loan was sanctioned between 1st…Continue reading →
In this article, let us find out about the pros and cons of a virtual credit card or a virtual debit card and if they can replace real credit/debit cards. Digital Payments in the country have been on the rise since the last 2 to 3 years. New modes of payments have been rapidly adopted…Continue reading →
After a long wait, the department of posts (DOP) has finally announced the India Post Internet Banking facility! This is a welcome move as it will allow users, especially senior citizens and their children to manage the account. This is a step by step user guide to register for the post office net banking facility and…Continue reading →
My second book, Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you want, co-authored with Pranav Surya is now available at Amazon as paperback (₹ 199) and Kindle (free in unlimited or ₹ 129 – you could read with their free app on PC/tablet/mobile, no kindle necessary). What does the book offer? This step by…Continue reading →