Empowering Your Journey: Comprehensive Guide to Education Loans
Quality education is a vital component of achieving a well-rounded and successful life, often associated with graduation from prestigious institutions. However, the cost of education is rising steeply, particularly evident in the already high expenses of reputable institutions. Despite careful financial planning, the possibility of facing a shortfall remains. In such situations, an education loan […]
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EPF vs. EPS: Unraveling the Contrasts Between Employees’ Provident Fund and Employee Pension Scheme
The Employee Provident Fund (EPF) and Employee Pension Scheme (EPS) are pivotal retirement schemes in India, each with distinct features. While both aim to secure employees’ futures, it’s essential to understand their discrepancies. Here’s a clear comparison between EPF and EPS: Understanding the EPF Scheme: The Employees’ Provident Fund (EPF) is a crucial safety net […]
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Is Opening Multiple PPF Accounts Under the Same Name Allowed? Find Out Here
The Public Provident Fund (PPF) is a popular investment scheme for individuals looking to invest for the long term while minimizing risk. Managed by the government, it offers guaranteed returns through monthly deposits with compounded interest. Is It Possible to Open More Than One PPF Account Under the Same Name? No, individuals are only permitted […]
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Deciphering PPF vs EPF: Can Employees Manage Both Provident Fund Accounts?
A provident fund (PF) is a specialized savings scheme designed to aid individuals in accumulating funds for retirement. By initiating a PF and adopting a proactive stance towards retirement planning, individuals can guarantee a secure and comfortable future post-employment. Benefits of Retirement Planning: Engaging in retirement planning diminishes financial stress and uncertainty, providing individuals with […]
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Understanding Credit Scores: A Brief Guide to Checking and Enhancing Your Credit Score
If you’ve ever approached a bank or lending institution for a loan, you’ve likely come across the term ‘credit score’. Banks and lenders rely on this numerical representation to gauge your creditworthiness, or your ability to repay borrowed funds. Here’s a comprehensive overview of credit scores, along with a step-by-step guide to check and enhance […]
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The New Feature of RuPay Credit Card Enables Users to Apply for EMIs Directly Through UPI App
The National Payments Corporation of India (NPCI) has unveiled new features for the RuPay Credit Card on the Unified Payments Interface (UPI) platform, alongside enhancements for credit lines on UPI. These changes are set to be implemented by May 31, 2024. One of the key highlights of these features is the introduction of EMIs (Equated […]
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RBI Udgam Portal: A Solution for Unclaimed Deposits | आरबीआई उद्गम पोर्टल का परिचय: दावा न किए गए जमा के लिए आपका समाधान
In an effort to streamline the process of locating unclaimed deposits, the Reserve Bank of India (RBI) has introduced the RBI Udgam Portal, an abbreviation for Unclaimed Deposits – Gateway to Access Information. This consolidated web platform aims to simplify the search for unclaimed deposits across multiple banks, providing a convenient solution for consumers. Here’s […]
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Essential Documents for Updating UAN Profile: EPFO Releases Checklist for Rectifying Information
UAN Profile Information Update Alert: The Employees’ Provident Fund Organisation (EPFO) has issued a standard operating procedure (SOP) to streamline the process of correcting employees’ profiles and prevent fraud. This move comes in response to the increasing cases of impersonation and fraud due to identity changes in the universal account number (UAN). The SOP lists […]
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Effect of Owning Multiple Credit Cards on Your Credit Score
Your credit score serves as a report card on your borrowing habits, crucial for lenders assessing your risk level. Having multiple credit cards can impact this score, much like maintaining various grades affects your GPA. Payment history holds the most weight in calculating your score, emphasizing your reliability in paying off debts. Juggling multiple cards […]
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Do You Know The -Strategies for Dodging Late Payment Fees on Credit Card Bills- Here it it!!
Forgetting a credit card payment due date is a common occurrence, especially when managing numerous bill deadlines each month, particularly with multiple credit cards. However, there’s no need to worry. The Reserve Bank of India (RBI) mandates that banks and credit card issuers can only levy late payment fees three days after a missed payment. […]
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