Home loans are secured loans for purchase of a ready house or under-construction residential property. It can also be used to buy land and construct a house on it. If you are planning to take a home loan for your dream home, make sure that you calculate your home loan…
Personal loans are unsecured loans that can be used for any personal purpose such as vacations, weddings, gadgets or just about anything that you desire. You do not have to provide any mortgage or collateral for personal loans offered by banks and financial institutions in India. If you are planning…
Are you a senior citizen without adequate retirement corpus? Interested to live a better life. What if there is a loan that you need not worry about repaying? If you own a self-acquired, self-occupied residential property in India, you can use it for your benefit through reverse mortgaging it with…
Public provident fund (PPF) is one of the investment options for individuals looking to save tax while saving for their better future. PPF is basically a government-sponsored investment scheme made available to the general public through banks and post offices in India. What is a PPF account? Public Provident Fund…
Edited excerpts from valedictory speech delivered by R. Gandhi, Deputy Governor, Reserve Bank of India, at the FIBAC 2016 “New Horizons in Indian Banking” on 17 August 2016 at Mumbai. “Banking is necessary, but banks are not”, I am quoting here Bill Gates, what he said as Chairman, Microsoft, way…