1.The debt avalanche strategy for repaying debt involves paying off loans with highest interest rates first. 2.One must make minimum payments for all debts to protect the credit score, but any extra money should be routed to the loan with the highest rate. 3.Once your debt with the highest interest is paid, move to the…
The health authorities in the United Kingdom are back on alert after a new variant of the Covid-19 virus is proliferating at a fast pace. As per the news agency PTI, the sub-variant named EG.5.1 (nicknamed Eris) is spreading quickly in the country. Notably, the variant Eris was recognized only on 31 July after the…
Under its “Sugam Term Deposits” scheme, Punjab National Bank (PNB) allows depositors to withdraw any amount before maturity. This can be done without breaking the entire deposit and without losing interest on the remaining deposit under the scheme. However, the interest rate will vary depending on the slab that the FD amount falls in as…
EPF vs PPF Comparison: Retirement plans supported by the government provide individuals with diverse avenues to invest in their future financial stability. Among these options, the Employee Provident Fund (EPF) and Public Provident Fund (PPF) stand out as favoured choices for individuals aiming to fortify their retirement funds. Each scheme comes with distinct withdrawal regulations,…
Last year, the Reserve Bank of India (RBI) had formed a committee to examine the customer services provided by RBI-regulated entities (RE) such as banks, non-bank financial companies (NBFCs), and payment service operators. This Committee’s mission was to monitor and review the quality of customer service, examine changing demands, identify best practices, and propose actions…
LPG Commercial Cylinder Price: The prices of liquefied petroleum gas (LPG) have been slashed by Rs 83.50. A 19 Kg commercial LPG cylinder now costs Rs 1,773 in Delhi, down from Rs 1,856.50 earlier. It is now priced at Rs 1,725 in Mumbai as against Rs 1808.50 earlier. After today’s reduction, the price of a…
Petrol, Diesel Prices Cut Today On March 15, 2024: In a big relief to common people, the Central government has slashed petrol, and diesel prices across the country ahead of the Lok Sabha Elections 2024. The Union Ministry of Petroleum and Natural Gas announced the price cut decision on March 14 via social media platform…
E-commerce major Flipkart on Thursday said it will launch its nine-day annual festive season sale on October 8 but will provide early access to its paid users a day earlier. This will be the 10th edition of The Big Billion Days (TBBD) in the company’s business journey of 15 years. Similarly, e-commerce giant Amazon has…
Earlier this year, Meta introduced Channels on WhatsApp. Since then, Channels have received several changes and updates along with new features to offer better user experience. Recently, Channels on WhatsApp received the ability to forward updates from channels and now the company has started rolling out advanced search filters for Channels. Advanced search filters for…
In a pioneering move, The Reserve Bank of India (RBI) has introduced a draft rule that empowers debit, credit, and prepaid card users to select their preferred card network, marking a potentially groundbreaking development worldwide. This rule challenges the existing practice where card network options are predetermined by agreements between issuers and networks RBI draft…