protection of Purchases – Credit cards may also offer you additional protection if something you have bought is lost, damaged, or stolen. Both your credit card statement (and the credit card company) can vouch for the fact that you have made a purchase if the original receipt is lost or stolen. In addition, some credit card companies offer insurance on large purchases.
A credit card is a plastic card that lets you access the credit card your credit card issuer gives you. A credit limit is like a loan. However, instead of giving you the full loan in cash, the bank lets you take as much of the credit as you want at a time and allows you to reuse the loan over and over as long as you pay back what you’ve borrowed.
Current accounts are very popular among companies, firms, public enterprises, businessmen who generally have higher number of regular transactions with the bank. The current account includes deposits, withdrawals, and contra transactions. Such accounts are also called the Demand Deposit Account.
Plastic money is a popular way of accessing a bank account or a credit account today for withdrawing cash or shopping but what if you could bring the same convenience to your mutual fund portfolio? Presenting Reliance Any Time Money card that combines the benefits of mutual fund investments along with the convenience of a debit card.
Liquid funds are a type of mutual funds that invest in securities with a residual maturity of up to 91 days. Assets invested are not tied up for a long time as liquid funds do not have a lock-in period.Liquid Fund is a type of debt mutual funds. These are open-ended schemes which have a short-term investment horizon. These invest in money market instruments like the certificate of deposit, treasury bills and commercial paper of up to 91 days.
CIBIL collects all the data related to your financial history and organizes the same to provide to the banks or financial institutions whenever required. CIBIL manages to get all the information from the banks or financial institutes that are registered with it.
Financial literacy may refer to as the amalgamation of various financial terms used in day to day life such as the knowledge of having digital banking, basic financial concepts and are able to manage their personal finances. It is not only confine to having knowledge of financial techniques or investments but also about what comes under the domain of it.
it is neccessary to search alternate of savings account because they give low interest rates.We all keep some cash in savings accounts for day-to-day expenses for liquidity and convenience. Now, with interest rates as low as 3.5-4 per cent, it is unwise to keep a large sum of money in savings accounts, as considering inflation, one is actually earning negative returns. That is why experts have started asking people to keep minimum cash in savings accounts and park the rest in better alternatives. “Ideally, 15 days to one month expenses are good enough for savings accounts, especially as there are instruments like credit cards for emergencies.”
Benefits of Investing in Life Insurance:
Provides financial security
You can opt for a bank loan
You can plan strategically to meet your short-term and long-term financial goals
Business owners have a chance of growing their business even in their absence
Offers tax benefits
Assures mental peace
Basic steps to consider while making decision about career. Be prepare for this checklist definitely it help you to reach good conclusion.