Tuesday, 29 November 2016

Top 10 trending and best mobile wallet apps in India

Digital wallets have been gaining popularity in India. Cashless payment systems could play a significant role in achieving targeted GDP growth by eliminating illegal way of cash flow and that’s why, Indian government emphasises on the use of cashless payment systems. Apart from fund transfer, nowadays, you can use your electronic wallet to pay for your hotel bills, grocery bills, supermarket-shopping bills, and even to pay for auto rickshaw or taxi fare. Moreover, many roadside food stalls also started accepting payments electronically. These things certainly insist an individual to use e-wallets.
After making a search related to mobile wallets on your mobile’s app store, you can find a number of mobile wallet applications for your smartphone but this thing might put you in dilemma that which one should you install. Bearing in this our mind, we have listed best mobile wallet apps in this post.

Sunday, 20 November 2016

Top 4 Consumer Durable Loan Companies in India to Buy Items on EMI

Consumer Durable finance allows you buy household appliances such as LED TV, Laptop, Refrigerator, Air Conditioner, Mobile, and the like, on EMI with or without credit card and nowadays it also offers interest free loan with reasonable processing charges. Durable finance facility has been gaining popularity in India since the prominent companies pertaining to this finance segment have come up with ‘No Cost EMI’ options. Earlier, Indian consumers kept themselves away from durable finance because of high interest rates and processing charges. But now many finance institutions have shown interest in this segment and to decrease extra charges like interest rates and various fees, some companies have been offering finance schemes wherein interest rates are sub-vented either by the manufacturers or companies themselves.

Tuesday, 15 November 2016

5 mistakes you can do after Rs. 500 and Rs. 1000 ban

Indian government's announcement regarding the abolition of ₹500 and ₹1000 rupees notes created restlessness across the country, which can be seen on banks and ATMs. One can see endless queues outside the banks and ATMs and only brave ones can dare to stand in them. I tried to dare but eventually I abandoned the idea because I asked myself “Did it really important to waste our productive and precious time by standing in queues (Especially without any dire need of cash)?”
After noticing some tussles at banks and ATMs where people lost their temper after standing in queues for long time, RBI is urging that it has given enough time to deposit cash so don’t rush to banks by skipping your important day-to-day duties.

Sunday, 13 November 2016

5 Types of Online Payment and Settlement Systems in India

For our day-to-day purchases, we prefer to pay by cash because it’s secure and convenient. But, what if we need to send money to a loved one instantly who is living far from us or need to buy something but have not enough cash? Similarly, what if you’re at a place where your currency notes are not accepted or you spent all of your money extravagantly on a trip. A quite different scenario can also arise where your nation may announce demonetization of current currency notes, which currently happened in India (Indian government has announced the abolition of Rs. 1000 and 500 notes to deal with counterfeit notes menace), but you need money to fulfill your daily requirements.

Wednesday, 9 November 2016

RS 1000 & 500 Notes Banned: New Notes Withdrawal Limit is RS. 25,000/week

Many cash based economies are victims of counterfeit currencies and India is was of them. India is emerging as a powerful economy and to speed up its growth Hon’ble Prime Minister Shri Narendra Modi took a historic decision to curb mobility of fake RS. 500 and RS. 1000 notes. PM Narendra Modi announced on November 8 the withdrawal of existing 500 and 1000 rupees notes across the country. This decision has been taken to curd counterfeit currency menace. Though this decision would certainly benefit India in its future but currently it has created an unrest among its people.

Saturday, 5 November 2016

How to Buy Durable Goods on EMI without Credit Card

Many a times, when I get to know that a new gadget is about to launch like latest model of Apple iphone, then I take a sign and wish I could buy all the stuff that I want to. But frankly saying, most of us, financially unable to afford our desires cost. I remember, when I was studying I tried to own a credit card to buy things on EMI (Equated Monthly Installment) but my bank account’s credit history ruined my desire to own a credit card. I used to feel deprived from all the things that I wanted to own but with time, I got many of them. However, humans have endless desires so of course! Mine too.

Friday, 4 November 2016

Top 7 Reasons to Buy Home Insurance Policy

Home is a biggest investment that most of us make only once in our entire life. Unfortunately, there’re millions of people out there who just dream to have a house; one can ask them how important is it to own a house. Our dream houses and their contents are always exposed to a number of possible mishaps such as natural calamities (earthquake, storm, fire etc), theft, burglary etc. Therefore, having a home insurance policy, gives us peace of mind that we cannot defer or stop such mishaps, if these are supposed to happen with us, but we’re financially prepared to cope with them.

Thursday, 27 October 2016

9 Questions You Must Ask Your Life Insurance Agent

Insurance is a legal contract in which two parties (Insurer and Insured) come into a mutual consensus. Like other contracts, there is no scope of verbal commitments; therefore, while signing such contracts, one ought to be aware of each and every aspect of it such as exclusions, deductibles, surrender value, cash value, and the like. Generally, it’s your insurance mediator or agent’s duty to tell you everything in straightforward words. Although every insurance agent follows insurance selling process, however, in some or rare cases we see policy misselling cases. So here, we have come up with some basic questions that you should ask your insurance agent to make sure you’re buying a worthy and genuine policy and which will help your family in rigorous times.
Life insurance is a long-term investment and one should research thoroughly to pick a best and appropriate policy. Insurance policies are subject to certain terms and conditions such as policy term, exclusions, coverage etc. Therefore, before opting an insurance product, one should aware of insurance policy wordings.
Insurance Questions
Ask questions given below to your insurance agent to make sure you’re going to buy a policy that fulfills your insurance needs without putting extra burden on your pocket.
Do I need a life insurance policy?
Life insurance policies are designed to provide financial help when insured demises. Therefore, before purchasing a life insurance policy, ask yourself and your insurance agent “Do I need a life insurance cover?” Simply, if you have dependents who cannot survive without you such as parents, spouse, and children, then you certainly need a life insurance cover. On the flip side, if you’re a youngster and no one depends upon you and your parents have a regular source of income like pension, then buying an insurance policy would not be a good decision for you; in that case you should seek investment options such as SIPs, stock market, gold bonds and the like.
If you’re planning to start a family then you can buy a life insurance policy.
What are the different types of life insurance policies?
This question can help you understand difference between term and whole life insurance. Let me give you a quick glance, term life insurance, also called pure life insurance, is designed to provide death benefits only; which means, no benefits will be paid if policy holder survives the policy term. On the other hand, whole life insurance policies are tailored to give survival benefits along with death benefits. It is remarkable that term life insurance policies are significantly cheaper then whole life insurance policies.
How long has the company been in insurance business?
This is a basic and skippable question, only if you already know about the company, but it can give you an idea that you’re dealing with a genuine company. The watchdog authorities, who regulate and monitor insurance marketplace in your province like IRDAI (Insurance Regulatory and Development Authority of India), continuously track activities of all insurers to curb insurance misselling and frauds. These authorities can deprive insurers from providing insurance services if they (Insurers) are not complying with insurance selling guidelines.
Therefore, it’s advisable that check registration of your insurance company before buying an insurance policy.
How much life insurance cover should I buy?
Generally, insurance agent suggests you amount of cover that you should take. It’s presumed that insurance agents give you exact idea about the coverage that you should buy, and there’s no doubt, but to my mind, you should also engage in this decision. After all, it’s about you and your money.
Many experts from the insurance marketplace suggest to buy insurance cover between 10-20 times of your income. But one can increase or decrease insurance cover depending on financial conditions and insurance needs.
What does my policy cover and doesn’t cover?
It’s a very important question to ask from your insurance agent. Don’t rush and stay clam while purchasing a life insurance cover. Ask your agent to explain events that your policy covers and various exclusions in your policy. If your insurance agent denying it by saying he is running late and he has to attend other clients then let him go but don’t buy an insurance policy without knowing what is it exactly cover. You can take policy brochure from him to read various terms of your contract.
Is the premium rate flexible?
Financial conditions change time-to-time. In this uncertain era, rich can become poor or vice versa. Therefore, it would be better for you if your policy allows you change your premium rates. Basically, you pay a fixed premium throughout the policy tenure but some insurers allow customers to change premium rates if they’re going through financial hardships. Although, it is not an important factor that a policy should have, but it adds an extra privilege to your policy.
What happens if I unable to pay premiums?
Some unexpected expenses may hinder you to pay your premiums at time so in such situations you should know that what will happen to your policy and you should be aware of consequences. Therefore, ask your agent to tell you what you can do if such situations arise. Usually, after grace period your policy lapses and to revive it you need to pay some penalties and it may also affects your coverage.
Should I add riders to increase coverage?
Policyholders add riders to their life insurance policies to get additional benefits and coverage. You can add riders to your policy to cover an event that your life insurance policy doesn’t cover alone. Riders are inexpensive and give you more benefits than they cost therefore ask your agent to know whether you need them.
Is there any discount if I buy life insurance today or later?
Insurance is an immediate need of everyone; therefore, never add later to it. However, discount word knocks everyone’s mind. You can ask your agent if there is any discount if you buy it today. Many agents offer discounts if customers show interest in buying but seek discounts. You can also check on internet to get more discounts because people get huge discounts through e-shopping.
Note: Discounts are applicable on first premium only.

Sunday, 23 October 2016

32 lakh ATM cards compromised: Do it yourself and secure yours

More than 3.2 million debit card PINs have been compromised after a serious banking security breach. Many renowned Indian banks have been affected by this breach. The incident happened in such a time when banking sector, around the globe, is evolving at a very rapid pace and banks are encouraging customers to adapt online banking solutions. It is indeed that banks do their best to protect financial and personal information of customers but such security threats put question mark on banks' security systems.

Wednesday, 19 October 2016

Try to avoid these 10 mistakes while buying life insurance policy

Insurance is a risk management technique and we may consider it as a necessity to live a hassle-free life. Everyone is exposed to financial hardships but many of us ignore this fact assuming, “let go and let God work!” Are you one of them? If yes! Then don’t forget “God helps who help themselves.” Always have faith in God and hope for the best; but on the contrary, always ready for the worst. Having an insurance policy provides you peace of mind that you’re ready to face any unforeseen event of medical emergency or in the event of your demise your family can survive without you. It is indeed that having an insurance is very important but something is more important then an insurance policy and that’s, buying a right policy that fulfils your insurance needs. A right insurance policy can save your money. Being over-insured puts burden on your pocket and being under-insured does not give the benefits that you supposed to get from it. We also have seen a common dilemma among policyholders that "what do their policies cover and don’t cover?” Such dilemmas are indications that they (policyholders) have bought the policies without knowing the benefits offered by them.

Sunday, 9 October 2016

3 Ways to Link Aadhaar Card Number to Bank of India Account

To avail benefits provided by government schemes such as LPG subsidy, under Direct Benefit Scheme, your Aadhaar card number must be linked with your bank account. As you may already know that Aadhaar card contains our biometric and demographic data; which helps many institutions to verify someone’s identity. As per government of India guidelines, only consumers who have linked their Aadhaar card numbers to their bank accounts and LPG IDs will receive LPG cylinder subsidies. Therefore, if you’re not getting your LPG subsidy on your bank account then it might be due to Aadhaar card. In this post, we will show you how to link Aadhaar card number with Bank of India account online.

Friday, 7 October 2016

Different Types of Health Insurance Policies in India

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured. Health insurance is a best option for those who are unable to bear the unexpected or unforeseen medical expenses. Most of insurance policies provide cover between Rs. 1 lakh to Rs. 5 lakh; however, you can buy medical insurance cover between Rs. 5000 to Rs. 50 lakhs or more. Nowadays, you can find a variety of health insurance products to insure your different types of health related issues like; hospitalization expenses, critical illness, cancer insurance etc. Presently in India, there are various types of health insurance plans exist and we'll discuss about them in this post.

Tuesday, 4 October 2016

Link Your Aadhaar Card Number to PNB Bank Account Online

It is mandatory for all bank account holders to link their Aadhaar card numbers to their bank accounts, especially for those who want to avail benefits such as, Direct Benefits Transfer scheme, provided by the Government of India. Many banks are providing online and offline ways to link an Aadhaar number like State Bank of India, Punjab National Bank, and other renowned banks. In today’s post, you will read how to link Aadhaar card number with Punjab National Bank account online.

Monday, 3 October 2016

How to Activate SBI Net Banking Online

State Bank of India provides a wide-range of facilities to its customers and internet banking is of them. With SBI Net banking service, you can perform many banking activities such as; online shopping, payment of bills, recharges, ticket booking etc. Furthermore, you can monitor your account directly from your home. If you have basic knowledge of computer and internet then you can readily use this service. In this post, we’ll show you a step-by-step guide to activate e-banking service of the bank.

How to Link LPG Customer ID to SBI Bank Account Online

Government of India has been providing limited number of subsidized LPG cylinders to its all citizens and it is transferring the subsidized benefits to consumers’ bank accounts under Direct Benefits Transfer Scheme. But some LPG consumers are not receiving their LPG cylinders subsidies on their bank accounts. Most of the consumers are facing this problem because their LPG customer IDs are not linked to their bank accounts. In this tutorial, we will show you a step-by-step guide to link an LPG customer id to an SBI bank account.

Sunday, 2 October 2016

4 Ways to Link Aadhaar Card Number to SBI Bank Account Online

Aadhaar number is a unique identification number issued by Unique Identification Authority of India (UIDAI). Government of India has been taking many initiatives to make Aadhaar card number as one and only required document for identification purpose by linking it to an individual’s bank account, LPG account, PAN number etc.

Monday, 26 September 2016

How to Activate BOI Net Banking Online - Bank of India

Bank of India is a government owned nationalised commercial bank in India. It has its branches in all major countries in the world. To achieve high level of customer satisfaction, the bank provides all modern banking facilities to its customers. The bank endeavors to make banking a pleasant activity and that’s why it offers many time saving and convenient banking facilities to its customers. BOI net banking service makes banking easier for its customers. Customers can perform a number of transactional and non-transactional activities with this fabulous service.

Saturday, 10 September 2016

PNB ATM Transaction Failed – How to Lodge a Complaint

Customers can perform worry-free ATM transactions at Punjab National Bank’s ATMs because it (PNB) ensures that all ATM transactions will be processed. There’re very few chances that PNB ATM does not dispense money (Must readSafety Tips While Using ATM), however, if something like that happens then PNB makes sure that deducted amount will be refunded within 7 working days. It also claims that for delayed resolution, a compensation of RS.100 per day will be paid if the claim is lodged within 30 days of the date of transaction.
In case of failed ATM transaction at PNB ATM, Customer can contact to customer relationship department of PNB by calling at 0120-2490000 (tolled) or 18001802222/18001032222 (toll-free) for redress their grievances.

Friday, 9 September 2016

How to Reset PNB ATM PIN through Online Banking

Modern banking services have changed the way we bank. Now you can perform almost all banking related activities right from your home. Punjab National Bank has provided many value added services to its customers to make banking a pleasant activity. PNB internet banking service allows customers to perform a number of banking activities from anywhere and anytime. Through this service, customers can reset forgotten PNB ATM PIN and mobile banking password by just following a few simple steps.

Thursday, 8 September 2016

4 Ways to Block PNB ATM Card – Punjab National Bank

Punjab National Bank is one of the renowned multinational banks of India. It provides a large range of banking services to achieve high level of customer satisfaction. PNB has provided quickest and easiest ways to block an ATM-cum-debit card to its customers. Customers can block their ATM cards (if they lost them) to avoid any misuse. You can block your PNB ATM card by following any method described in this post.