Early repayment of a personal loan means paying off the loan before the agreed-upon term ends. Many people consider this option to save on interest costs. While early repayment has benefits, it also has some drawbacks. This guide will explore the impact of early repayment on personal loans, including details about Airtel Finance and the … Read more
Achieving financial independence is a crucial facet of contemporary society. As more women consider entrepreneurship and self-sufficiency, the significance of ensuring financial stability and security has become increasingly evident. Conventional banking systems often fail to address the unique financial needs of women. In response, women’s savings bank accounts have emerged as a tailored and pragmatic … Read more
In health insurance, the protection concept has evolved significantly over the years. Health insurance plan is no longer just about covering hospitalisation costs; it has expanded to include various facets of healthcare, including home treatment. A robust health insurance policy protects your well-being, offering financial protection against unforeseen medical expenses. While many people associate health … Read more
Debt mutual funds invest in instruments such as government bonds, commercial papers, corporate bonds, and so on. If you are an investor who is looking for fairly stable returns, it is advisable to consider debt mutual funds since they primarily invest in fixed-income instruments and carry a lower level of risk compared to equity investments. … Read more
Many assume it just takes an application form and basic documents to open a savings account. However, as per Reserve Bank of India (RBI) guidelines, financial institutions must verify the identity of their customers through the Know-Your-Customer (KYC) process. The KYC process entails document verification such as Aadhaar card, PAN, utility bills, etc., to verify … Read more
Hey there, fellow buyers! Today, we’re taking place an adventure to discover the mysterious world of demat account expenses. If you’re new to the investing scene or were puzzled by way of the hidden costs related to demat money owed, fear now not! We are right here to demystify the mystery and shed light on … Read more
Mobile banking apps have become the bedrock of all financial transactions in India today. With rapidly growing smartphone usage and internet connectivity, these apps have revolutionised the accessibility of bank accounts. An example of an efficient mobile banking app is the IDFC FIRST Bank mobile banking app which offers banking services 24/7 to its customers. … Read more
Diversifying your portfolio helps mitigate the risks of losses due to market volatility. With equity investments, you must research and invest in various sectors and industries to make your portfolio immune to market fluctuations. Mutual funds automate the process as professional fund managers invest funds on your behalf. Among various types of mutual funds, ETFs provide … Read more
Mutual fund schemes are not a monolith. Instead, different types of mutual fund schemes are accessible to you as investment options. These different variants invest in different financial securities and have varying investment objectives. One of these variants of mutual fund investment options is debt funds. What are debt funds? Debt funds are mutual fundsthat … Read more
Investing your money the right way can help you earn returns and fulfil different financial goals. However, investing is not a quick profit scheme where you just put your money into the stock market and hope it will grow. It is a strategic process which requires patience, active involvement, and a long-term mindset. Besides long-term … Read more