To inculcate good money habits, children should be taught the importance of money from an early age onwards. One way to do is to make a separate savings account for kids. Canara Champ Deposit Scheme is one such savings bank account that is exclusively meant for children. To open this account, the child should be […]
BSBDA Savings Account is the Bandhan Bank’s zero balance savings account. It is a basic savings account and is aimed to solve the banking needs of the public and help people to open a savings bank account, thus leading to financial inclusion. It is a no-fuss, no-frill account. Click here to compare the different zero […]
Public Provident Fund (PPF) is one of the popular long term investment options among Indians. Till a few years, you could only open a PPF account through a post office. The scenario has changed and you can now invest through any bank account. If you have a savings account and have availed the net banking […]
When we plan on investing in mutual funds whether it is equity fund or debt fund, then there are two ways of investing in them. Systematic Investment Plan (SIP) or lump sum investments are the two ways. If you choose SIP, then a certain amount is debited automatically from your savings account every month. However, […]
A mutual fund is a simple investment option. However, many investors especially millennials are wary of investing in mutual funds as too many funds confuse them. They are also intimidated by the KYC process that needs to be done before an individual can start with investing in mutual funds. There are two KYC process: e-KYC […]
Changing your Aadhaar details is a herculean and time-consuming task. Making a new Aadhaar card or updating any personal details meant standing long hours in a queue in front of a bank, post office, etc. Not just that, it may also mean several trips to the bank or post offices. Hence, many people keep postponing […]
Before you invest, know your risk profile. The risk profile will depend on various aspects and there are three broad categories of risk takers. We all know few people who have invested in a stock that had skyrocketed within a short period. While we all may be tempted to go ahead and buy the stock […]
Here are the three factors that differentiate insurance from investment. Many people believe that insurance and investment are the same things. They have developed this mindset as many insurance companies give customers the option to get their money back. But the requirement of investment differs from insurance. The objective of the investment is to get […]
Everyone has plans after retirement. And to live a wealthy and healthy life after retirement needs some savings. One of the most popular and safest ways to save for retirement and build a corpus is the Public Provident Fund or PPF. Public Provident Fund or PPF is a savings-cum-tax saving investment introduced by the National […]
In our work life, most of us change a couple of jobs before settling down at one job. And with job changes, our bank account also changes. Different organisations have tie-ups with different banks, and as a result, you will be prompted to open a new bank account with the bank. But once you leave […]
