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First, make sure you read the bank's policies (T&Cs) carefully to understand where you stand - because those T&Cs are the bank's ultimate Brahmastra, capable of effortlessly wiping out every single complaint you might raise. 🫣

Cons of the LIC Jeevan Umang plan: Low Returns: The returns are around 5.64%, which is lower than other investment options. GST: Policy Holder have to pay GST on LIC premiums, reducing your returns. Reduced Tax Benefits Under the New Tax Regime: Starting from the current financial year, tax...

750+ Read Properly, My CIBIL score didn’t drop after the sale; it was my credit utilization that decreased as I started paying the EMI one by one. 😉 I have already posted the screenshot of my CIBIL history, showing the timeline from just after the Big Billion Days sale to the most recent update.🤗

During the last BBD sale, I bought a smartphone for my neighbor on a 9-month EMI plan plus my regular spends, thus utilizing 67% of my credit limit. Since then, I've been consistently paying the EMI a week before the due date. Also, in the last 3 months, there have been zero hard inquiries in my...

Currently, SBI is issuing the SBI Cashback Credit Card (Joining & Renewal Fees: ₹999 + GST) without requiring any income proof documents. You may consider applying for this card, or alternatively, explore LTF CCs like Axis Neo, Axis MyZone, ICICI Coral, or Amazon ICICI (which is very difficult...

If Someone earn less than ₹8 lakh a year, the tax benefits from investing in the NPS might make sense this year. But with the recent budget changes, the new tax regime now has higher income slabs with lower tax rates—like no tax up to 12 lakh and doesn’t allow deductions like the ₹50,000 NPS...

Under the old tax regime, your taxable income can be reduced significantly by leveraging deductions for investments in PPF, NPS, and insurance premiums. Here's the calculation: ■ Gross Salary: ₹19,29,000. ■ Standard Deduction: ₹50,000. Taxable Income: ₹19,29,000 - ₹50,000 = ₹18,79,000. ■...

The calculations below are indicative and assume no additional exemptions, deductions, or investments beyond the standard deduction of ₹75,000. Final tax liability may vary depending on factors such as eligible deductions (like HRA, Section 80C, 80D, etc.), exemptions, or other personal...

If I were in your shoes, here's what I’d consider doing: First, I’d deposit ₹15 lakhs into the Senior Citizen Savings Scheme in my mother's name to ensure a stable return. Then, I’d invest ₹5 lakhs across Gold, Debt Mutual Funds, and Fixed Deposits in Small Finance Banks for diversification and...

Make sure to reactivate that mobile number, as no details can be updated for a newly issued credit card or bank account during the first six months. Also, keep in mind that if you don’t activate your credit card within 30 days of issuance, it will automatically be closed as per RBI guidelines. 🫣

To fix this, update your PAN by either adding a surname as your last name or splitting your first name into two parts. Just make sure your updated PAN includes both a first and last name. I know someone who faced a similar issue, and it got resolved by adding a last name to their PAN and...

In layman's terms, a credit line is like a 'pay later' option for your UPI transactions. It allows you to make purchases or payments using UPI even if you don't have sufficient funds in your bank account at the moment.The credit provider extends you a temporary loan or credit limit, which you...

Before making your final decision, Consider exploring new age EVs like Bajaj Chetak 🛵 ♻️

If your average profit margin is above 12%, it’s advisable to absorb MDR charges as a long-term investment in your business. These charges are unlikely to significantly impact your profitability, and offering modern payment options can enhance customer experience—especially for Gen Z and finance...

Any UPI payment under ₹2,000 made via RuPay credit card doesn’t incur any charges for the merchant. However, for payments above ₹2,000, regular MDR charges will apply. If the merchant is someone you know, you can consider splitting the payment into smaller parts of ₹2,000 to help them avoid the...

Check out the Life Insurance Guide playlist by LLA on YouTube—it's got all the answers you're looking for! 👇 Note: Make your final decision based on your own understanding & DYOR 🤗

Postpone your purchase until the Amazon Great Indian Sale arrives and arrange the required credit cards accordingly. 🤗 Also, you know it's just a want and not a need, because if it were a need, you would have already chosen one of the best Android smartphones in the under ₹30K budget segment...

Because Axio (CapFloat Financial Services Pvt Ltd) and Karur Vysya Bank (KVB) collaborate with Amazon Pay Later to provide credit facilities. Axio acts as a Non-Banking Financial Corporation (NBFC), while KVB co-funds the credit in certain cases, typically in a 20:80 ratio with Axio So, Recheck...