Negotiation-The Art Of Getting What You Want
In recent years, other than conventional banks, certain other categories of banks have come into existence like Payments Banksand Small Finance Banks. Key objective of setting up of both types of banks is to promote greater financial inclusion through a secured, technology driven environment. Payments Banks: ...
What exactly is a Credit Score? Credit Score (a three digit number) indicates a borrower’s creditworthiness and is typically based on his/her credit history and other factors . It is given along with Credit Information Report issued by a Credit Information Company. Credit Score would be higher...
Passive vs. Active Savings Money in regular Savings Bank accounts fetches very low rates of interest, hence can be termed passive savings. Do not keep too much money in savings account! Instead, invest in Recurring/ Fixed Deposits of banks that fetch better returns. ...
BUDGETING What is a budget? Put simply, it is a plan of your future income and expenses. Budgets can be yearly, monthly or even weekly. Why prepare a budget at all? With a budget in hand, you will be able to control your...
The time value of money (TVM) is the concept that money available now is worth more than the same amount of money available in the future due to its potential earning capacity, provided the rate of interest is positive. ₹ 100 today may not be equivalent to ₹ 100...
YEAR 2019: Say you get 1 kg mangoes for ₹ 100 YEAR 2020: The same 1 kg now costs ₹ 110 INFLATION in 1 Year Inflation = ₹ 110 – ₹ 100 = ₹ 10 Or (10/100)*100 = 10% So, inflation is the...
Compounding is also called ‘Interest on Interest’. In compounding, the benefit is that the interest earned is added to the principal and re-invested, therefore earning interest on the principal plus interest. And when this compounding takes place over a long duration, the return become much higher...
You take a Loan of Rs. 100 from the bank for 1 year. And the bank says you have to pay 10% Simple Interest* per...
