The festive season in India is a time of joy, celebration, and an opportunity to bring home that long-cherished dream car. Diwali and Dhanteras, in particular, witness a surge in big-ticket purchases like cars, thanks to the attractive offers presented by both banks and non-banking finance companies (NBFCs). These offers often include lower interest rates…
Gold loans have emerged as a popular and convenient financial solution for individuals in need of quick cash to meet their short-term needs. In 2024, the market for gold loans is booming, with various banks and financial institutions vying to provide the most attractive interest rates and repayment terms. In this article, we will explore…
Mirae Asset Mutual Fund, a renowned player in the mutual fund industry, is set to make changes that will impact the names of seven of its schemes. These changes come as part of a broader effort to align scheme names with their respective scheme categories, as per guidelines laid out by the Sebi (Securities and…
In recent years, digital gold has emerged as a popular and convenient way for Indians to invest in this precious metal, especially during festive seasons like Diwali, Dhanteras, and Akshaya Tritiya. While digital gold offers numerous benefits, such as safety and ease of buying and selling, not everyone in India is eligible to purchase it….
Investing in government securities in India has become incredibly convenient for non-resident Indians (NRIs) due to the introduction of the Reserve Bank of India’s (RBI) retail direct platform. This platform, which was launched two years ago, offers a range of benefits including zero brokerage charges, commissions, annual maintenance fees, and account opening fees. NRIs can…
If you are a pensioner living abroad or a Non-Resident Indian (NRI), don’t worry! Submitting your annual life certificate is a simple and necessary step to keep receiving your pensions from the Indian government. This ensures that the pension system runs smoothly and that payments are made to those who are eligible. In this article,…
The Reserve Bank of India (RBI) has made an important decision to withdraw 2000 denomination banknotes from circulation. This move marks a significant change in the Indian banking landscape, which means that individuals and entities need to go through a structured transition. To make this transition as easy as possible, the RBI has introduced a…
ICICI Bank, one of India’s leading financial institutions, has recently introduced an exciting new way for its customers to conveniently make payments using their smartphones. By integrating their digital rupee (e) app, aptly named “Digital Rupee by ICICI Bank,” customers can now effortlessly make quick and hassle-free payments to merchants by simply scanning QR codes….
Investing in government securities in India has never been easier for non-resident Indians (NRIs) thanks to the Reserve Bank of India’s (RBI) innovative initiative, the RBI Retail Direct platform. This user-friendly platform eliminates the hassle of brokerage fees, commission charges, annual maintenance fees, and account opening fees. It enables NRIs to invest in a range…
Every senior citizen seeks to secure their savings with high returns while minimizing risks. Fixed Deposits (FDs) are a popular choice among senior citizens due to their dependable returns, liquidity options, and safety. In India, certain Small Finance Banks (SFBs) continue to offer interest rates exceeding 9% to senior citizens on their FDs. These banks…