What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
You may get 80-90% of the FD amount as your credit limit.
Bank account holders nowadays hardly visit their bank branches for carrying out transactions or use other banking services.
With debit and credit cards becoming the main modes of carrying out transactions, it has become imperative for individuals to be extra careful about their banking credentials and ensure they are not caught napping.
Here are some of the things that bank account holders need to keep in mind:
— Never share OTP, PIN,UPI PIN, CVV number
— Do not store bank account details in your phone/public browser
— Do not share card details
— Avoid online transactions in free Wi-fi zones
— Be cautious of how you use social media
— Never respond to calls that ask for card and account details
Published: January 24, 2021, 17:39 IST