Category: Finance

Online banking, often known as digital banking, internet banking or home banking, is a type of electronic payment system that allows clients of banks and other financial institutions to carry out a variety of financial transactions via the website or official application of the financial institution. It refers to using your tablet, smartphone or computer to log into your bank account and conduct financial activities online. You can complete things like transferring money and paying bills for no cost with it quickly and without visiting your bank or making a…

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You might be living a good lifestyle now, happy with your salary and finances, but thinking of the future and saving always bothers us. In our day-to-day expenses like paying rent, electricity, food, and water bills, paying for your kid’s tuition fees, and endless other expenses, saving money for the future becomes very difficult. You can invest in different ways and platforms that can result in high returns over time, and you will get more benefits. For example, opening a high interest online savings account, buying gold, investing in stocks,…

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Around a decade back or so, starting your own savings account with a bank was a tedious job that was followed by never ending submissions and follow-ups of documents. Although offline visits to the branch office helped maintain transparency and assurances, they compromised the convenience that every account holder looks out for with a bank. Addressing the problem, several established banks offered individuals to start their own accounts with the tip of their fingers. Owing to the wonders tagged along with the age of digitalization, individuals can not only start…

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Credit scores are numerical ratings assigned to individuals based on their credit history and financial behavior. Credit scores are used by lenders, landlords, and other institutions to assess the creditworthiness of an individual and determine the level of risk associated with extending credit or services to them. Credit reporting agencies typically generate credit scores based on various factors, including payment history, credit utilization, length of credit history, types of credit used, and new credit applications. Scores vary from 300 – 850, with higher scores meaning better creditworthiness and lower risk…

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