Loan settlement is frequently confused with loan closure. However, these are two distinct terms with distinct effects on the credit score. If you make your monthly payments on time and in full throughout the term of your loan, the loan account will be cancelled automatically once the loan is paid off. The same information is … Read More “Loan Settlement and How Does It Affect Your Credit Score?” »
The Reserve Bank of India governs the National Payments Corporation of India (NPCI), which designed the Unified Payments Interface (UPI), which is built on the IMPS framework and allows you to transfer or send funds between any two bank accounts in real-time. According to NPCI, the current top limit per UPI transaction is Rs. 1 … Read More “Google Pay: Check Limit On Daily Remittance Across India” »
Tax-advantaged FDs are one of the most common ways to lower taxable income. Your money is safe, the returns are guaranteed, and the interest rates are fixed. However, those looking for large returns sometimes get confused between the post office and bank deposits. Bank FDs and Post Office Term Deposits are two deposit tax saving … Read More “Tax Saving Bank FD Vs Post Office TD: Where Should You Invest To Earn High Returns?” »
Your earnings will surely improve with time. Your earnings will increase as you go from one promotion to the next. As a result, the tax rate applicable to you under the Income Tax Act of 1961 will change accordingly. This translates into greater tax liability. Fortunately, the Income Tax Act contains a number of provisions … Read More “Exhausted Section 80C? Here Are Other Ways To Save More Taxes” »
FIRE stands for Financial Independence/retire early. The goal of retiring early is to accumulate enough cash for yourself as soon as possible so that you are financially independent and free of financial troubles. When you reach FIRE, your wealth is sufficient to provide you with an inflation-adjusted income for the rest of your life. The … Read More “What is FIRE- Financial Independence/Retire Early” »
Everyone’s priority is to keep their loved ones safe from unexpected occurrences. When you have a consistent source of income, you can establish a solid financial plan that allows you to do so. Understanding how to choose term insurance for your family is one of the first steps. When you make a prudent and informed … Read More “How To Choose The Best Term Life Insurance Policy?” »
The Consumer Price Index, which monitors costs for things such as travel, groceries, clothing, and automobiles, had the highest inflation level since December 1981 in March 2022. Annual inflation rates are a popular approach to analysing economic developments. When comparing 2022 inflation data to 2021 inflation data, it’s vital to remember how unusual last year … Read More “How to Account for Inflation in Your 2022 Travel Budget” »
Renters’ insurance should be thoroughly considered by everyone who leases an apartment, condo, townhome, or another form of dwelling. A tenant’s personal property is covered by renters insurance if it is damaged or destroyed as a result of a break-in, a storm, or another incident defined in the policy. In addition, renters insurance covers personal … Read More “The Best Renters Insurance Companies for 2022” »
What is a Term Insurance Policy and How Does It Work? A term insurance policy is purely a safety net for the family’s financial future in the event of unforeseen circumstances such as death, terminal illness, incapacity, and so on. Unlike other investment products, however, these plans do not pay out any returns on premiums … Read More “11 Best Term Life Insurance Companies in 2022” »
Whether it’s a statement flower wall to rival Kim and Kanye’s wild wall of blossoms, not one, not two, but three breathtaking wedding gowns à la Chrissy Teigen or Serena Williams, or simply a princess-worthy diamond tiara, chances are you have something extravagant in mind for your wedding day. But here’s the thing: all that … Read More “Easy ways to make your wedding cheaper” »
