Tracking your EPFO pension status gives you peace of mind as it allows you to know your savings for retirement. Provided by the Employees’ Provident Fund Organisation (EPFO), this pension scheme was launched in 1995 by the Government of India. Since then, it has provided Indians with financial security post-retirement, which makes it a popular …
A masked Aadhaar card is an alternative version of your regular Aadhaar card, which provides better security and privacy. Since an Aadhaar card is an important document linked to your identity verification, keeping it secure is crucial. Whether verifying your identity or for the KYC process, several institutions will ask for your Aadhaar card. Since …
CASA in banking stands for Current Account Savings Account. It refers to the deposits banks receive through current accounts and savings accounts. In simple terms, CASA helps banks get low-cost funds, while customers get easy access to money for daily transactions, deposits and withdrawals. If you are wondering what is CASA, it is not a separate account in every case. Instead, banks use …
Many people look for value, performance, and trust when buying a smartphone. That’s exactly what an Indian phone company offers. Even before the ‘Make in India’ initiative, Indian smartphone brands were making affordable, feature-rich phones. Today, the Indian mobile market is bigger than ever, with options for every budget. Read on to explore the top …
Do you know the meaning of deferment? In banking, it is a type of agreement that allows you to delay the payment to avoid immediate financial strain. Many loans and investment options work on this principle to help you manage cash flow. Read on to better understand the meaning of deferred payment and why it …
A credit card grace period is the interest-free time between your billing cycle end date and the payment due date. If you pay your total outstanding amount within this period, you won’t be charged any interest on your purchases. Depending on the card issuer, the grace period can range from 20 to 50 days. For example, if your statement is …
Electric vehicles (EVs) are getting quite popular nowadays. If you’re planning to switch to this type of vehicle, you can get an electric vehicle loan easily. Many financial institutions including leading banks and Non-Banking Financial Institutions (NBFCs) provide financing for this type of vehicle. By getting vehicles that run on electricity instead of traditional fuel, …
You can easily get a loan for solar panel installation and generate electricity. With rising inflation, these substantial electricity bills can be quite difficult to handle. Because of this, you may have to compromise on your electricity usage. By installing solar panels, you can avoid this as it will help reduce your bills significantly. Read …
To calculate the CIBIL score, TransUnion CIBIL assesses many factors that have a direct impact on credit health. This score is also a reflection of your ability to handle the borrowed amount and repay it on time. As such, financial institutions give it a lot of importance and weightage when assessing your applications. Knowing how …
A hypothecation loan is a standard option for borrowing money against a valuable asset available in your possession. Backed by collateral, this secured loan allows you to acquire a high-value sum at a comparatively lower interest rate than unsecured loans. With this option, you do not have to hand over the deeds or the rights …
