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RBI announces fresh liquidity measures to bolster lockdown impact 2.0

The Reserve Bank of India (RBI) on Friday (17th April, 2020) announced additional measures to cushion the economy and maintain liquidity amidst the coronavirus lockdown. RBI announces Long Term Repo Operations (LTRO) to conduct long-term repo operations–Rs 50,000 crore to begin with–in tranches of appropriate sizes. The move will boost […]

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RBI Announces Economic Policy Measures

RBI Announces Economic Policy Measures

In the midst of the coronavirus pandemic- how does it impact the common man? On 27th March 2020, the RBI Governor announced certain measures to mitigate the sufferings of the capital market and the common man. Let’s highlight some of the main points: RBI announces a cut in the Repo […]

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Economic Package as announced by the Government of India

Economic Package as announced by the Government of India

India’s Finance Minister Nirmala Sitharaman announced on 26th March, 2020 a slew of economic measures totalling to Rs.1.7 lakh Crores aimed to offset the negative impact, albeit partially, in the aftermath of the coronavirus pandemic sweeping our Country, so that the common man gets some relief from ‘the locked down’ […]

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आपको मिलेगा 59 मिनट में बिजनेस लोन, ऐसे करें अप्लाई

बाजार में प्रतिस्पर्धा और मौजूदा विकल्पों की उपलब्धता के कारण बैंक/एनबीएफसी और दूसरे संस्थानों को सुरक्षित लोन करना मुश्किल हो जाता है। क्या होगा जब सरकार द्वारा समर्थित प्लेटफ़ॉर्म आपका 59 मिनट में लोन पास कर दें? हम आपको यही बता रहे हैं कि किस तरह आप चरण-दर-चरण एक घंटे […]

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6 Things to Keep in Mind Before Taking an Education Loan

6 Things to Keep in Mind Before Taking an Education Loan

With education cost rising every year, education loans have almost become inevitable.  As most of the students studying in top educational institutions expect to earn high salaries at the end of their studies, they are likely to be in a position to repay the education loans over a period of […]

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Should You Take an Education Loan for Higher Studies

Should You Take an Education Loan for Higher Studies

According to a reliable source, the ticket size of educational loans in India has increased 47 percent in the last fiscal year, while the number of students seeking loans has reduced by 7 percent to 2.5 lakh. This data tells us that while the total amount of student loans has […]

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Top 7 Education Loans for Indians Seeking Foreign Education

Top 7 Education Loans for Indians Seeking Foreign Education

The dream of studying abroad is seen by many students, but most of the students give up the hope of seeking education at a foreign institution when they learn about the costs associated with realizing this dream. If you are also planning to give up this dream, there is some […]

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13 Reasons Why You Need to File Income Tax in India

13 Reasons Why You Need to File Income Tax in India

I am a tuition teacher, I don’t need to file income tax. I am just a middle-class woman earning some money from my home kitchen, surely, I don’t need to file income tax. If you can relate to these statements then it’s probably time, we enlighten you on why tax […]

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Home loans for low credit scores

Home loans for low credit scores

If your credit score is low that affects your financial standing, therefore a good credit score is in your best interest. There are important factors that is looked at before credit is attained. Banks and NBFCs do consider certain crucial financial aspects before sanctioning any type of credit line to […]

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Ombudsman Scheme for Digital Transactions (OSDT)

The Reserve Bank of India (RBI) launched the Ombudsman Scheme for Digital Transactions (OSDT) vide a notification dated 31 January 2019 for redressal of complaints against ‘system participants’ as defined in the said scheme. It is an expeditious and cost-free apex-level mechanism for resolution of complaints regarding digital transactions undertaken […]

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Importance of Travel Insurance for Overseas Travel for Students

The importance of travel insurance for overseas travel for students is often overlooked by students as well as their parents. If you are a student who is planning to go abroad for studies or you are a parent of such a student, then you should know that student’s travel insurance […]

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How to Find Health Insurance for International Student Travel

How to Find Health Insurance for International Student Travel

Students and parents of students who are going abroad often wonder how to find health insurance for international student travel. If you are also worried about this, then you should read on. Here are a few simple steps you can follow to pick the best possible insurance option that works […]

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Personal Income Tax Provisions for FY 2018–19

Death, taxes and childbirth! There’s never any convenient time for any of them.  ~ Margaret Mitchell You may not have made resolutions and lifestyle changes in the New Year, but your financials for sure will undergo a few impacting alterations. Although the finance ministry may not have made significant changes in […]

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What are chit funds?

A chit fund is an arrangement where a set number of people come together to contribute a fixed amount at intervals. This forms a pool or a kitty. During the process of collection, any member can draw a sum through ways like a lucky draw, an auction or a member […]

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Jet Airways to pay Rs 25,000 for changing flight without permission

A 72-year-old cardiologist had filed a complaint against Jet Airways for rescheduling his flight without informing him. The court has ordered the airline to pay Rs 25,000 as compensation and also return the booking amount with nine per cent interest from the date of payment.Complainant Dr Nautej Singh had planned […]

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What is E Payment and Types of E Payment Services

If you are new to the world of online payments, then you must know what is e payment, what e payment services are available today and the types of e payment system. This information will help you to do your online transactions smartly and safely. What is E Payment? E […]

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Is it safe to shop online with a debit card?

If you are an Indian consumer who often wonders is it safe to shop online with a debit card then you should know the answer is yes. You just need to ensure that you become a smart person and avoid pitfalls that can compromise your financial information and lead to […]

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Online Banking Guide: The Advantages and Disadvantages

In simple terms, online banking or internet banking is the means to manage money online or through your mobile or computer. An online bank offers customers just about every service traditionally available through a local branch, including deposits to online bill payment. Banks pay a leading role in this paramount […]

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Liquid Mutual Fund – Buying Guide

Liquid funds are short termed income schemes that invest in money market instruments such as government securities, treasury bills among others. If you have idle money in your account, it is best to invest it in a liquid fund for short time periods.Let us take an example, if you have […]

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How to choose the best Liquid Mutual Fund

Liquid funds are best for those who are looking for short-term investment avenues. Instead of keeping it in a savings bank account, you can invest that recent bonus which you received in a liquid fund. In this case, you want to know the parameters of choosing the best liquid mutual fund. […]

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What are Liquid Mutual Funds?

Liquid funds are mutual funds that invest your money in short-term market instruments such as treasury bills, government securities, commercial papers and term deposits. These funds have low maturity period (3-6 months) and you can save money for example your child’s school fees. It is a low-risk instrument giving returns […]

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To Invest or Not Invest in Ponzi Schemes

As a wise man once said, ‘there is a sufficiency in the world for man’s need but not for man’s greed.’ Probably this thought defines why ponzi schemes continue to flourish across the world despite the unearthing of various scams and the resultant bad press. While the one who starts […]

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Ponzi Scheme – Precautions to take

A Ponzi scheme is an investment fraud that promises quick, easy, and significant returns on investments with little or no risk. Ponzi schemes are also known as pyramid schemes they pay existing investors out of the money invested by new investors. These schemes require a constant flow of new money […]

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Buying Guide: How to buy Best Term Life Insurance Plans?

‘Why should I keep paying for a product that does not give anything in return?’ is a common question that people ask insurance advisors. Not everyone can appreciate the fact that one pays a premium because there is a guarantee that if something untoward happens to him or her, their […]

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How to File an RTI Online?

The Right to Information Act (RTI) is considered to be one of the strongest pieces of legislation as it gives citizens the power to question public authorities and their activities, thereby not only promoting transparency, but demanding accountability as well. A normal citizen can keep an eye on public authorities’ […]

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Payment Banks: So that no one is left out

Lately, ‘payment banks’ have been a lot in the news. What exactly are these ‘banks’ and are they going to be any different from the regular banks? Who are their primary target customers? What is their future likely to be in the banking system? Will they be allowed to stay independent (unlike in […]

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A Comprehensive Guide for Retirement Planning in India

It is a well-known fact that a few years after you start your professional life, you start coming across terms like retirement planning, best retirement plans, the best retirement age and retirement benefits. If you are also listening to these terms a bit too often and you are wondering what […]

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Understanding the Cooperative Banking Structure in India

Some cooperative banks are older like their peers in the commercial banking sector. There are cooperative entities as old as 1906 & later, who first ventured into the cooperative sector as a cooperative credit society serving limited clientele in the agricultural sector with limited membership holding shares. Later on, they […]

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List of Cooperative Banks in India

Cooperative banks have limited branches in the country. They are mostly concentrated in the States where they were originally established by some distinguished farmers or socially-committed Samaritans after obtaining license from the RBI. It has been seen that as the coop banks cater to a particular community who may be […]

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All You Need to Know About Filing GST Return Online

Every entity that is registered under GST needs to file a GST return. Even if an entity fails to make a purchase or sales in the given period, it still needs to file a Nil return. If you are curious to know the GST return filing procedure or how to […]

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How to do GST Registration Online and Get a GST Number?

GST stands for the goods and services tax. It is mandatory for every dealer with a turnover of INR 20 lakh (10 lakh in some states) to register for GST. If you fall under that category, then you should know the process of GST registration online, fill the relevant GST […]

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National Pension Scheme (NPS): Eligibility, Joining Process and Types

National Pension Scheme or NPS scheme is an initiative of the government of India. It is a contribution-based pension scheme that allows a person to create a retirement corpus. Men and women can use it as a saving-investment or post-retirement tool. It was earlier created for government employees only, but […]

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Buying Guide: How to choose the best retirement plans

What you need to know before you start investing in a unit linked retirement plan?Unit linked life insurance plans are different from traditional insurance plans (endowment/participating) and are subject to different risk factors.Premiums paid in unit-linked life insurance plans are subject to investment risks associated with capital markets, and NAVs […]

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Bank must compensate woman for sharing info with estranged husband

A bank has a relationship of fidelity with its customers and it cannot share their personal information or financial statement with anyone else, the Delhi State Consumer Commission said while holding a private bank, HDFC, guilty of deficient service by providing account details of a woman to her estranged husband […]

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Railways must compensate for dosa served with iron screw

The consumer forum in Bengaluru has directed the Chief Regional Manager, Railways, to shell out Rs 6,500 as compensation for serving a dosa with an iron screw in it, to one (retd) Col. RC Gupta. The consumer forum comprising president T Shobhadevi and member V Anuradha said that the complainant […]

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What is 80c?

Taxes are an essential part of the Indian economy. All people, companies or entities who earn more than a specified income are bound to pay taxes to the government which enables the government to earn revenue and let a taxpayer enjoy some basic facilities. If you are also a resident […]

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Railways can’t be blamed for chain snatching through window: NCDRC

The Indian Railways cannot be blamed for a chain-snatching incident if the ‘miscreant’ is outside the train compartment, the National Consumer Disputes Redressal Commission (NCDRC) said while quashing lower-fora orders holding it responsible for the loss to a passenger.The NCDRC’s observation came on a revision petition by the railways in […]

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Currency notes likely to cause diseases: Food safety authority

The Food Safety and Standards Authority of India (FSSAI) has issued a warning that currency notes and coins can cause infection and diseases. The unhygienic and careless handling of currency notes and coins is the reason for infection. The FSSAI has directed the food safety commissioners to organize programmes to […]

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File Income Tax Return Online with These Simple Steps

Are you curious to know more about income tax e-filing? Do you want to file income tax return online but need some help? If the answer to both these questions is yes, then you would be wise to read on. Here you can know how you can complete efiling of […]

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Latest Income Tax Slabs for FY 2019-20

Latest Income Tax Slabs, Income Tax Rates and Income Tax Limits for 2019-20 In India, the new year is celebrated on 1st January while the financial year begins on 1st April every year. For some people, the former involves making new resolutions and lifestyle changes while for the latter, some […]

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Hyderabad Forum slaps Rs 50,000 fine on insurance company

The Hyderabad District Consumer Forum has slapped a fine of Rs 50,517 on National Insurance Company for deficiency of services.Daredoa Safaraz had subscribed to a group mediclaim policy of National Insurance Company for his wife, father Kurban and himself. In 2014 Kurban developed numbness over the left side of face […]

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Commercial Vehicle Insurance Claim Process

Filing of Commercial Vehicle Insurance Claim Claims
The increasing number of accidents and incidents of vehicle thefts has made it essential for policyholders to know how to file vehicle-insurance claims. When the accident happens, call your insurance company representative as soon as possible—even

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What Does the Package Commercial Car Insurance Policy Offer?

Before reading the inclusions, exclusions and addons that you should focus on before buying a commercial car insurance policy, understand the below terminologies that will help you to understand the process easily.
Difficult Terminologies Explained
 
Legal liability (as applicable to commercial vehicles

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Points to consider to finalize Overseas Travel Insurance

Pre-existing medical conditions
Older travellers are more likely to have a pre-existing medical condition (such as hypertension) – and some will find that they are denied cover because of that condition. But there are insurers who will offer cover specifically for older travellers with

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All about Second Hand Car Loans

There are many reasons why you will buy a second hand car (or used or a pre-owned). For instance:
a) You cannot afford the cost of a new car.b) A second hand car is cheaper due to pre-loaded insurance and road tax.c) You can

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Bank Locker Insurance

Do you have a Bank Locker Insurance?
With your jewellery and valuables inside your bank locker you can have a goodnight sleep. Well that is what you think so? However, one gets to read about safe locker thefts frequently and who knows your safety

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Advantages and disadvantages of bank lockers

Bank lockers are one of the safest options to keep your jewelry and important papers safe. Safe lockers are made of high quality thick steel plates with screws fitted on them making it difficult for robbers to break open. But do you know what are

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Tips for Hiring a Locker

We all know that keeping articles safe in a bank locker is the best possible way to keep your assets secured. But how to hire a safe locker that’s just right for you? What are the tips for hiring a locker? Though banks do

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What are the RBI Guidelines on Bank Lockers?

Do you think you really can have a sound sleep thinking your valuables are secured in safe deposit lockers? Well not really. The notification issued by the Reserve Bank of India or RBI on bank lockers clarifies that bank locker hirer in
India is

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What are ULIP returns and why should I invest in ULIP?

The performance of various ULIPs or Unit Linked Insurance Plans, with reference to growth of units, depends on market forces as also the efficient management of investments by the appointed fund managers. Due to the ups and downs in the market based on demand/supply

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What is ULIP or Unit Linked Investment Plan?

ULIP or Unit Linked Investment Plan is a combination of insurance and investment. A portion of the premium paid by the policyholder is utilised to provide insurance coverage to the policyholder, while the remaining portion is invested in equity and debt instruments. The aggregate

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