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 …
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Using a digital wallet has made it simple to transfer funds and make online payments to a majority of merchants. These wallets are simply an extension tool to store funds, so you can make payments without carrying your physical card everywhere. This not only increases your security but also makes one-tap payment easy. Since everyone …
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If you’re planning to purchase a property, knowing about the difference between mortgage and collateral is extremely important. You must’ve heard both of these words in the same sentences often. They’re correlated in terms of purchasing a property but are quite different from each other in terms of meaning and purpose. When you get a …
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The difference between borrowing and lending is the bedrock of many transactions carried out in an economy, impacting both individuals and institutions profoundly. While they may seem similar superficially, these denote two fundamentally distinguishing concepts and separately govern the flow of capital in economies. To know more about the fundamental distinctions between these two concepts, …
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Having one of the best wallet apps in India on your smartphone can make it easy for you to make payments online. With this type of app, you can easily connect all your bank accounts or credit cards and make effortless payments. If you carry your cards everywhere, there is a high risk of theft …
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From paying your electricity bill, booking flights online or shopping at your favourite clothing brand, a digital payment makes the process quicker and more convenient. Also known as electronic payments or e-payments, it helps you make payments online from your cards, mobile phone or PC. In these types of payments, the payer’s bank deducts the …
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When presented with a multitude of investment options, return on investment is a metric that can help you separate good bets from money pits. It allows you to evaluate potential ventures, predict profitability and mitigate risks. Knowing the formulas to calculate it helps you make informed decisions and ensure that you never miss out on …
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In 2018, the Government of India launched Ayushman Bharat Yojana – a transformative healthcare initiative aimed at providing financial protection to millions of vulnerable households. Being the world’s largest government-funded scheme, it aims to achieve Sustainable Development Goals (SDGs) and the vision of Universal Health Coverage (UHC) by covering over 55 crore beneficiaries. However, to …
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Learning the steps to run a TDS check is crucial for all taxpayers. It allows you to manage your tax liabilities and file accurate returns. TDS, short for Tax Deducted at Source, is a part of income tax that employers, banks and other entities deduct before disbursing the funds to your account. The tax deductors …
Knowing how to make a budget is one of the essential life skills that can help you manage your finances. Budgeting allows you to effectively spend your income to meet all your needs. Moreover, a proper budget helps cut unnecessary costs and save more to secure your financial future. Read on to learn why budgeting …
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