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An important financial impact of the Covid-19 pandemic has been that individuals have become very cautious with their money and its management. The first instinct for many was to cut down expenses, especially those which were thought to be non-necessary. This helped increased savings, which is a positive in the overall money management process. Not […]
Mumbai: Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter, even as they have struggled to grow their loan books, as per exchange filings by three lenders. Despite interest rates being the lowest in over a decade, the pandemic and the resultant economic impact has ensured that loan […]
An emergency never comes knocking at the door and the unseen blows hit you really hard. An emergency fund is a guard that helps you tide over a financial emergency. What is a financial emergency? Any unprecedented and/or unexpected event that either stops the stream of income or add pressure to your existing income creates […]
The government has launched a small savings plan called the Sukanya Samriddhi Yojana that encourages parents to build a fund for the future expenses of their girl child. Under this scheme, the account can be opened in post offices or any bank in the name of the girl child. The Sukanya Samriddhi Yojana provides tax […]