Category: Finance

In this digital period, mobile finance has revolutionised how we deal with our assets, with the UPI payment method becoming fundamental. In India, more than 75% of online retail transactions are done using this method. Whether dividing a bill with friends and family, paying utility expenses, or shopping online, a competent mobile banking app can transform your UPI payment experience into an uncomplicated process. Let's assess the pivotal characteristics to search for in the premier mobile banking apps this year. ●    Effortless Interface The best mobile banking apps prioritise an easy interface, confirming that even those with modest technological skills can navigate the app easily. In 2024, these apps have taken layout simplicity to another level, providing intuitive dashboards, read

Travelling offers an incredible opportunity to explore new cultures, relax, and create lasting memories. However, the expenses associated with travel can sometimes be overwhelming. This is where a travel loan can be a valuable tool, helping you fund your adventures without straining your finances. By using a travel loan wisely, you can enjoy your trip while maintaining financial stability. In this blog, we'll discuss detailed tips and strategies to consider when applying for a travel loan through an online loan app or traditional lender and how Airtel Personal Loan can incredible benefits. Understanding Travel Loans A travel loan is a type of personal loan specifically designed to cover travel-related expenses. These loans can be used for a variety of travel costs, including airfare,

The banking sector in India has undergone a major transformation in the last few decades. From long queues and piles of paperwork, banking has now become convenient and hassle-free with the start of ebanking services. However, many people still prefer the traditional model of banking. So which one is better for managing your finances? Let's compare the two: What is eBanking? eBanking, also known as Internet banking or net banking,  refers to the services provided by banks over the Internet. It allows customers to conduct financial transactions and avail banking services electronically without visiting a bank branch. Some key features of eBanking include: Online account access Funds transfer Utility bill payments Loan applications Access to statements Digital bank

Investing in mutual funds is considered to be one of the most effective ways to grow wealth in India. When investing in mutual funds, investors must consider the net asset value (NAV) of a mutual fund scheme. What you need to know about mutual fund NAVs A mutual fund NAV is the price of one unit of a mutual fund scheme While the NAV is the price of one unit of a mutual fund scheme, the AUM (Assets under management) of a scheme represents the total assets that the mutual fund scheme controls or manages. AUM is the cumulative market value of all the assets such as investments like stocks, bonds, and other securities. NAV, on the other hand, is the per-unit value that indicates how much one unit of the mutual fund scheme is worth. NAV is one of the major factors to be con

Estate planning is not a task you complete once and forget. Your estate plan needs constant attention. After all, as your life evolves, many aspects change. Your family may grow, assets fluctuate in value, or your business interests can change. If you move or own property in another state, that's another change. With each twist and turn life offers, your estate plan should remain aligned with your current situation and future goals. For anyone with a high net worth, this process is more than just some paperwork. It's a strategy to preserve your legacy and make sure your wishes are honoured. Here are some crucial reasons for keeping your estate plan up to date. Adapting to life’s twists and turns Life's journey brings many changes, and these developments can have a big impact on your est

When you plan to buy your dream car, one of the big decisions you have to make is whether to purchase a new or used car.  New cars undoubtedly offer the latest features and warranties, and everything is in good condition. But on the flip side, a used car delivers awesome value and affordability. However, this decision doesn't just affect the downpayment; it can also influence the interest rate on your car loan. So, let's explore the impact of new and old car rates of interest. New Cars and Interest Rates Buying a new car is quite an exciting and wonderful experience. But it will cost you more than used car. However, this high cost can lead to higher loan amounts, which may lead to higher interest rates. Lenders may see new cars as riskier investments due to their depreciation—how a car

In recent years, electric vehicles have taken the world by storm, offering a cleaner, more sustainable mode of transportation. Among the various electric mobility options, electric bikes, or e-bikes, have gained considerable popularity for their convenience, cost-effectiveness and eco-friendliness. However, as more individuals consider switching to electric bikes, questions regarding legal requirements, especially the necessity of driving motor insurance, often arise. Navigating the ever-changing landscape of transportation regulations can be a challenging task. While most people are well-versed in the requirement of a driver’s licence for conventional vehicles, the rules governing electric bikes lack clarity. Additionally, understanding how to obtain comprehensive bike insurance for elec

After entering the job market, the first thing you must do is start planning for your retirement. You can start investing to save for your retirement. One of the numerous investment options you can opt for is one of the different mutual fund types available in India. These variants invest in various assets and come with varying levels of risk. For choosing the suitable mutual fund variant and determining the asset allocation mix, use asset allocation calculators. What are asset allocation calculators? Asset Allocation Calculators are online tools that are easy to use. You can use them to get an appropriate asset allocation mix. All you need to do is enter your current age, investment horizon in years, and the level of risk you can tolerate (You can modify from very low to very high). For

Embarking on a seamless banking journey has never been easier, thanks to the power of technology and the convenience of banking apps. In today's fast-paced world, where time is of the essence, traditional banking methods can sometimes feel a bit sluggish. That's where these top banking apps come to the rescue! Whether you're looking to check your account balance on the go, transfer funds swiftly, or pay your bills in a hassle-free manner, these apps have got you covered. Let's dive into the top five banking apps in India that are revolutionising the way we manage our finances. 1. IDFC FIRST Bank App: The ultimate banking companion When it comes to a comprehensive and user-friendly banking app, the IDFC FIRST Bank App stands out from the crowd. Offering a plethora of features, it ensure

Do you dream of embarking on an unforgettable journey, exploring new destinations, and immersing yourself in diverse cultures? Travelling is a transformative experience that broadens horizons and creates cherished memories. However, financing your travel expenses can sometimes pose a challenge. In such situations, a travel loan can come to your rescue. Advantages of travel loans Fulfilling your wanderlust sooner: One of the most significant advantages of a travel loan is the ability to fulfil your wanderlust sooner rather than later. Instead of waiting years to save up, you can start exploring the world immediately. With a travel loan, you can secure the necessary funds to embark on your dream vacation, even if your current financial situation doesn't allow it. Flexibility and convenien