Personal Finance
A credit card is a payment card issued by a financial institution, such as a bank or credit union, that allows you to borrow money to make purchases or pay for services. Credit cards are widely accepted and can be used to make purchases online, in-store, and over the phone. When you use a credit … Read more
It is the digital version of the Indian rupee which the Reserve Bank of India releases. The symbol of the digital rupee is eā¹. It is issued by the Reserve Bank in India and has the same value as Indian Rupee. It is currently released in 8 banks for a pilot test including SBI. Customers … Read more
Compounding interest investments is a very popular term that is used in investment while we are investing money. Compounding gives you more benefits if you invest for a very long time like a decade or two decades. FDs, high-interest saving accounts, and bonds are some common types of investments that are safe and give you … Read more
RTGS, NEFT, and IMPS are the terms that are used while we transfer money from one account to another. RTGS means Real Time Gross Settlement, NEFT means National Electronic Fund Transfer, and IMPS means Immediate Payment Service. All three terms are widely used in our daily banking activities but have different uses that we discuss … Read more
Bulk Posting is a phrase that is mainly used in banking. It means crediting funds to several accounts simultaneously from a single source. For example, the salaries of employees, dividend distribution, governmental subsidies, pensions, etc. When a single entity transfers something to several then this can be said as Bulk Posting. The term is mainly … Read more
CIBIL score is an important concept for those who are on loan or use credit cards. To understand the concept of CIBIL you have to read this post very carefully and till the end. So, first of all, do we know what is CIBIL score? If not then read it below. What is CIBIL Score … Read more
Auto Sweep is a banking facility that most people do not know about. It has the dual benefit of savings as well as a fixed deposit account. With the Auto Sweep facility active on your account it worked as both a savings and a fixed account. What is an Auto Sweep Facility? In the Auto … Read more