budget

2019 Intrim budget key highlights

“A number of measures have been implemented to ensure clean banking. Through a transparent and accountable process, we (have) recognised NPAs,”

“There were high stressed and non-performing assets (NPAs) amounting to Rs 5.4 lakh crore in 2014. Many more were hidden through restructuring or otherwise which were discovered during Asset Quality Reviews and inspections carried out since 2015,”

choose-best-credit-card-for-you

How to choose a Best Credit Card

There are hundreds of credit cards available, so shop around to get the one that suits you best.
Start by thinking about what you want to use the credit card for. This could be to buy things on line or on holiday, to pay your bills or to spread the cost of a purchase. However you choose to use your card, the key thing is whether you will be paying off what you owe every month or spreading repayments over a period.

Advantage and disadvantage if credit card

Advantages and disadvantages of Credit Card

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.

liquid funds

Liquid Funds best source to keep your money liquid

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.

alternate of saving bank account

Best alternate of Savings Account

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.”