How do banks make money? Simple, when you deposit your money with a bank, they further lend it to borrowers at a higher interest rate compared to the rate you get as the interest on your deposits. And that margin between the interest earned by lending and the interest paid on deposits is the profit for banks.
For example, you deposit a certain amount of money with a bank at a 5% rate...
A wedding is not just an occasion. It’s a celebration. A once-in-a-lifetime celebration that marks a new beginning, not just for the couple, but for both families. No matter where you go, a wedding is treated as an extravagant affair across the world. When we talk about weddings it comes with a great expense, check out these 5 Financial Planning Strategies To Save Money.
While some...
Robo Advisor is the new talk of the town, especially popular among the youths. A plethora of information is available on the internet that talks about the pros and cons of using the services. Has all the information available on the net still left you unsettled?
Since you have now decided to take a plunge into financial automation, don’t know where to start? This article will guide you on...
Now that we are in the month of April, and the new financial year has started. It is an excellent time to review your finances. In this blog, we will see what things should be there on your to-do list for this month.
1. Increase Monthly Investment –
Increase your saving and investment amount to improve your financial health. As per the financial experts, you must maintain at least a...
Reserve Bank of India recently launched the RBI Direct Scheme. As per the scheme, retail investors will now be able to buy & sell G-sec (government securities) & Bonds directly through the RBI Retail Direct Portal. The scheme is considered a significant milestone in government securities development. RBI Direct scheme will simplify the process of investment for the common man. It...
Nowadays banking frauds are quite on the rise. Being ultra-vigilant while mentioning personal details in document or cheque goes a long way in preventing us from being trapped in any unwanted scam. Let us discuss with the help of a recent example how sharing a small detail can get you trapped.
Harm of writing your phone number behind a cheque?
In a recent case, a man who was quite...
Financial planning in 2021 – The year 2020 was one of such nightmares which many of us would definitely like to forget at all costs. Nevertheless, this year also taught us a lot about many aspects of life which we almost pay no attention to. In all, with the announcement of the vaccination drive for COVID-19, the year 2021 has rung a bell and has shown us a ray of hope in the gloomy...
To subscribe click here: http://bit.ly/2Kzmqcy
Estate Planning: https://youtu.be/dqupS–Kwqc
We always care for our loved ones and wish that nothing in the world hurts them. We can be assured that they are protected if we have Will. Will is a legal and bonafide document which comes into effect on the unfortunate event of the death of the Testator. An executor has to assign...
Mastering the subject of personal finance might not be everyone’s cup of tea. Luckily, it is not always required to master the intricacies of everything when you can hire professionals who are well versed in the same. Today we are going to take you through the reasons of prime importance to hire your own financial advisor from the very onset.
Holistic Analysis
Financial consultants can...
Having a good educational goal for the child is the dream of every parent. Parents focus and invest in their child’s educational goals so that their children join a career of repute once they grow. However, we understand that children’s education is also very expensive nowadays and parents have to shell out a lot of money for their primary to secondary education and for their college...