How to write a Safe Cheque?
One of the most common ways to pay money is through a cheque. Writing a cheque is really easy, but you must be careful. A mistake while writing a cheque, can prove very costly and cost you a lot of money. 1. Use ‘A/C Payee’ instead of ‘OR BEARER’ Cutting the words ‘Or Bearer’ and […]
Things to know about Bank Cheque
Cheques are the backbone of the banking industry and are still a very important negotiable instrument in the country. Reserve Bank of India (RBI) report says India’s cheque volumes declined only by 10.8% between 2012 and 2017, though the apex bank does expect the volumes to go down drastically by 2021. While traders and small […]
Cheque Truncation System
Cheque Truncation System or CTS is the cheque clearance system introduced by RBI to fasten up the clearing of cheques. In this system, instead of producing the physical cheques to the payee bank, just the electronic image of the cheque along with the MICR code and other cheque credentials are transmitted to the drawee bank […]
Cheque Bounce Notice
What is Dishonor/Cheque Bounce? A Dishonored Cheque is cheque that the bank on which is drawn declines to pay (“honour”). There are a number of reasons why a bank would refuse to honor a cheque, with insufficient funds being the most common cause. Cheques are negotiable instruments, which are payable on demand. When there is […]
Doctor Loan
Doctor loans are available for professional doctors to help them fulfill their dream to set up their own medical clinic or hospital. You should consider this loan if, You do not have immediate funds available to bear the expenses for setting up a clinic You want to buy new clinical equipments for your medical clinic […]
Ways to Repay Student Loans
Paying off loans requires proper planning. If not thought about properly it becomes an unnecessary burden which hampers the future and destroys credit ratings. Here are few things to be kept in mind during repayments which make the process more effective Know the Amount Owned It is important to have a proper idea of the […]
Will Defaulting Education Loan Affect Credit Score?
Non-repayment of education loan can now affect one’s credit score, a top official of Credit Information Bureau (India) Ltd (CIBIL) has said. The data released by CIBIL throws significant light on education loan trends in the country. While the demand for educational loan is need based, the number of new loan accounts opened in calendar […]
Guide for Parents Taking Education Loan
The education of their children is a critical goal for almost all Indian parents. Parents dream to give their child the best of education but it is difficult due to the hike in annual fees for different courses in India and abroad. This is where education loans play a significant role in building your child’s career. As […]
Loan for Coaching and Education in India
The education of their children is a critical goal for almost all Indian parents. An education loan offers several benefits. The most obvious one is that loans are an easy financing option that covers almost 100% of the expenses incurred during the span of education. The quantum of finances that students can borrow exceeds the amount they […]
Top 10 Instant loan apps for Low Credit Score
A personal loan is a boon for borrowers as people can use it in an emergency or when they have a shortage of funds. Borrowing money is no longer frowned upon. Young Indians have taken out loans for a variety of purposes, including studying abroad, financing a trip, upgrading their house, buying a car, and […]