Introduction Assets like home loans, bills of exchange, overdrafts, or cash credit get classified as non-performing when the principal or interest payment remains outstanding for […]
Category: Personal Finance
Personal Finance
Moratorium Extension
The COVID-19 outbreak had disrupted the Indian economy. Many people had lost jobs or faced a significant loss of income. Therefore, RBI came up with […]
HUF account rules
HUF account rules are similar to savings accounts. But before going into depth about the HUF account rules, let’s understand what is a HUF. What […]
Types of Life Insurance
Introduction A life insurance plan is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of […]
Succession Certificate – Definition, Users
A Succession certificate is issued to the successor of a deceased individual who has not prepared a will. It establishes the legitimacy and authenticity of […]
Solvency Certificate – Definition, Users
Solvency means the ability of an individual or entity to pay back its liabilities. A person is solvent when assets exceed liabilities. A solvency certificate […]
Cancelled Cheque – What is it? When Do You Need It?
Introduction A cheque is an instrument that instructs the bank to pay a specific amount from the drawer’s bank account to whomever it is issued […]
Analysis of HDFC Balanced Advantage Fund
The net asset value (NAV) of HDFC Balanced Advantage Fund as of 4th March 2022 is ₹27.9250 (monthly). The trailing returns over different periods are […]
Societal Shift to Credit in India
Minal and Kinjal live under the same roof but have two different lives. Minal has retired and lived a tough lifesaving every penny to build […]
Everything you wanted to know about CBDC
In the Union Budget 2022 speech, Finance minister Nirmala Sitharaman announced that RBI (Reserve Bank of India) will be issuing Central Bank-backed Digital Currency (CBDC), […]