Bank Income Generators

Check out this news story: http://sify.com/finance/fullstory.php?id=14754431 The story is about banks, who seeing their interest incomes fall, are all set to increase the merchant fees on their Point of Sales (POS) machines. How did it come to banks hiking the merchant fees on the POS? The obvious reason behind this is that RBI has hiked […]

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Ridding Credit Card Debt

Are the rising costs of groceries leaving you with precious little money to pay for your credit card bills? Or maybe you’re just tired of signing EMI cheques for lovely family vacation you took – two years ago. The situations may differ, but by and large expenses continue. Everyone was to have a sound financial […]

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Car Insurance Through Credit Card

I bought a car insurance policy through my credit card company. Amex Card gave me a car insurance policy through ICICI Lombard and this insurance amount was charged to my card in 12 monthly interest free installments. I did not receive the insurance policy so a month later I requested the bank to cancel the […]

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The Role of CIBIL

Know CIBIL in a better way Nowadays when we discuss loans whether as a borrower or as a lender we find mention of a new term – CIBIL. “Credit Information Bureau (India) Limited”. CIBIL is India’s first credit information bureau. But there is little clarity about this newly founded body that’s the reason masses misunderstands […]

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Banking Ombudsman centers you can contact

The Banking Ombudsman, promoted by Reserve Bank of India (RBI) provides speedy solutions to the grievances faced by the customers from various banks. It addresses grievances by way of its legal framework and redressal is done accordingly. It is set up specifically for handling grievances related to banking services and related matters under its purview. […]

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Credit Card Statement Made Easy

Your monthly credit card statement is the best document that will help you understand your monthly spending and also help keep a check on it if it is not in line with your budget. By reading and understanding the fine print (especially the fine print) of When was the last time you took a detailed […]

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