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How to Save & Invest for Your Child's Education Aboard
Quality education is one of the most important investments in your child's future. It equips them with the knowledge, skills, and opportunities necessary to thrive in today's globalised world.
Important Education Loan: Student Loan Terms You Should Know
Pursuing higher education is a dream for many individuals, but the rising education costs can often be a major hurdle. In such situations, education or student loans come to the rescue by providing the necessary financial support.
Analyzing Mutual Fund Performance
Investing in mutual funds is a popular choice for individuals seeking a diversified and professionally managed investment portfolio. Whether you are a seasoned investor or a novice, assessing the performance of your mutual funds is a critical aspect of successful investment management. By analysing the performance of your mutual funds, you can gain valuable insights into the effectiveness of your investment strategy and make informed decisions for your financial future.
Glossary of Mutual Fund Terms
Navigating the world of mutual funds can be daunting, especially for beginners. Understanding the standard terms and concepts associated with mutual funds is crucial for investors to make informed decisions and maximize their investment potential.
How To Calculate Mutual Fund Returns
Investing in mutual funds is a popular choice for individuals looking to grow their wealth over time. However, assessing the performance and profitability of these investments requires a clear understanding of how to calculate mutual fund returns. Mutual fund returns provide valuable insights into the growth or decline of your investment over a specific period. By analyzing these returns, you can evaluate the success of your investment strategy and make informed decisions for future investments. In this article, we will take you through the intricacies of calculating mutual fund returns step-by-step.
How to Invest in Mutual Funds
The asset under management (AUM) of the Indian mutual fund industry has surpassed ₹43 trillion in the past 10 years. Here are some of the factors that have fueled this growth:
Types of Mutual Fund Schemes
Over the past decade, the mutual fund industry in India has made significant progress. The key growth drivers were the entry of new players, changes in regulations that increased the popularity of Systematic Investment Plans (SIPs) and the overwhelming participation of retail investors. As a result, the mutual fund industry's Asset Under Management (AUM) grew about five-fold between May 2013 and May 2023. Furthermore, the total number of SIP accounts as of 31 May 2023 was at 6.53 core.
Complete Guide to Mutual Funds
Mutual funds, in essence, are the democratic soul of the investing world. They cater to the small retail investor looking to dip their toes into the vast ocean of equities, bonds, or other securities, and also to the seasoned player wanting to diversify their portfolio. Managed by professional money managers, these funds aggregate the investments from numerous individuals to buy a wide range of securities.
Understanding CIBIL Score Requirements for Education Loans
Learn the CIBIL score requirements for education loan and guidelines to secure funding. Ensure loan approval with a good CIBIL score for education loans.
How to Reduce Your Student Loan Debt
If individuals find themselves overwhelmed by the weight of their student loan debt and actively seek effective ways to reduce it, they need not look any further. This informative blog is dedicated to uncovering the secrets that can help them reduce student loan debt and regain financial freedom.
Understanding Personal Loan Part Prepayment and Closure
Personal loans are unsecured loans offered by banks and financial institutions to meet the financial needs of individuals. These loans may be used for buying a vehicle or a home, paying off a debt or funding an emergency; the list goes on. Personal loans are easy to obtain and come with a flexible repayment tenor. Nonetheless, these loans are often extended at high-interest rates and rigid terms and conditions. At times, a borrower may be instances where a borrower may want to close the loan before the due date. There are standard procedures for this, which can vary from one lender to another.
How to Get a Bank Statement Online at The Bank of Baroda?
The arrival of internet banking has transformed the way one manages their finances. It has revolutionized the banking sector. Customers can now access their bank accounts from the comfort of their homes or offices.
What Are The Types of Internet Banking?
The arrival of internet banking has transformed the way one manages their finances. It has revolutionized the banking sector. Customers can now access their bank accounts from the comfort of their homes or offices.
All about Demat Account Charges & Ways to Reduce Them
Trading and investing in the share market are gaining momentum among Indian investors. While there can be huge gains by investing in the share market, it also comes with certain associated costs. For trading or investing in the share market, you first need to open a demat account with a stockbroker.
Demat Account vs Trading Account: Key Differences
Most investors often come across the terms ‘Demat account’ and ‘Trading account’ and use them interchangeably. These accounts are essential for participating in share trading and investments and are considered largely similar. However, they serve different purposes. Understanding the difference between demat and trading accounts is crucial for investors to effectively manage their securities. Let us understand the difference between demat and trading accounts and determine their purposes.
What are the Benefits of Demat Account?
In 1997, the Indian stock exchanges transitioned to using Demat accounts. Before this, stock and share transactions had to be recorded on paper and completed in person using actual stock certificates.
How To Open Demat Account?
A Demat account (Dematerialised account) is necessary to be able to trade or invest in stocks online. Demat accounts hold the securities and other assets traded on stock markets.
How to Transfer Shares from One Demat Account to Another?
If you are an active investor, you might have wondered ‘Can I transfer shares from one demat account to another? The answer is yes! When you sell securities, you give your shares to another person. However, if you hold multiple demat accounts, then you can transfer your shares from one demat account to another demat account.
Different Types of Demat Account
Different types of specific demat account are suitable for different types of investors. Resident Indians use regular demat accounts while non-resident Indians can choose between repatriable demat accounts and non-repatriable demat accounts.
What is Demat Account?
In 1997, the Indian stock exchanges transitioned to using Demat accounts. Before this, stock and share transactions had to be recorded on paper and completed in person using actual stock certificates.
How to Use a Demat Account
A Demat account is a powerful tool for investors, providing numerous benefits and simplifying the process of holding and trading securities. By eliminating the need for physical share certificates, a Demat account streamlines the management of investments, making it more convenient and secure.
Common Internet Banking Frauds and Prevention Tips
Internet banking has made financial transactions more convenient and accessible for millions of people worldwide. However, this convenience of online banking comes with the risk of Internet banking fraud.
Regulatory Technology: Transforming Compliance in the Digital Age
In today's rapidly evolving business landscape, where technological advancements continue to reshape industries, regulatory compliance has become a critical aspect of organizational success. However, with the emergence of Regulatory Technology, or RegTech, companies now have a powerful tool at their disposal to streamline and enhance their compliance processes. RegTech has gained traction as a game-changer in the financial services industry and beyond, revolutionizing the way around regulatory compliance.
How to Use Internet Banking?
Are you new to internet banking and wondering how to use it? In this blog post, we will guide you through the steps required to start using internet banking , its various features, and how to stay safe while transacting online.
Key Features and Advantages of Internet Banking
Internet banking, also known as online banking or e-banking, has become a default mode of banking transactions for most individuals and businesses to manage their finances. With the advancement of technology, internet banking has revolutionized the way people conduct their banking transactions. The bouquet of features of Internet banking makes the banking experience more convenient and efficient. These features have made this mode of banking popular among account holders. So, what are the online banking advantages and disadvantages? Keep scrolling!
What is Tokenisation: Meaning, Working Process & Advantages
Once upon a time, there was a world where people carried sacks of gold coins and silver trinkets to buy goods and services. As time passed, technology advanced, and we moved into a world of digital transactions, where coins and trinkets became lines of code.
Understanding Bank of Baroda's ATM Services
Bank of Baroda is one of the most trusted and reputed banks in India, offering a wide range of digital products to make banking easier and more accessible for its customers. Among these digital products, ATM and Kiosk services play a crucial role in providing 24/7 banking services to customers. In this blog, we will discuss Bank of Baroda's ATM services, their benefits, and tips for using them safely.
How to Get a Loan to Buy Agricultural Land
Agriculture has been the backbone of India's economy for centuries, and the country's farmers play a crucial role in feeding the nation. If you have a passion for farming and aspire to own agricultural land in India, but lack the necessary funds, there's good news for you. With the availability of agricultural loans, you can now empower your farming dreams and acquire the land you need to turn your vision into reality. In this blog, we will explore the various aspects of agricultural loans in India and how they can support your farming endeavors. Loan to buy agriculture land is one of the best value propositions available for prospect farmers in India.
Guide to Getting Agriculture Loan: Application, Eligibility & Required Documents
Agriculture is the backbone of the Indian economy, contributing significantly to its GDP and employing a large portion of the population. However, farmers often face financial challenges due to factors such as unpredictable weather conditions, high input costs, and limited access to capital. To support farmers and promote agricultural growth, the Indian government and financial institutions offer Agriculture Loan with attractive interest rates, various schemes, and eligibility criteria tailored to the needs of farmers. In this blog, we will explore the details on how to get agriculture loan, the applicable interest rates, schemes guidelines, eligibility requirements, documents required.
Applying for Loan Against Agricultural Land: A Step-by-Step Guide
Obtaining a loan against agricultural land in India can be a valuable financial tool for farmers and landowners looking to meet their financial needs. This type of agricultural loan allows individuals to unlock the potential value of their agricultural land and utilize it for various purposes. In this blog post, we will delve into the process of obtaining a loan against agricultural land in India, outlining the essential steps and factors involved. We are sure that after reading this article, you will get the answer of all your queries like how to get loan against farm land, how much loan can I get on agriculture land, interest rate on loan against agriculture land, how to get loan against agriculture property.
Types of Agriculture Loans and Financing Options
Agriculture is the backbone of India's economy, employing a significant portion of the population and contributing to the nation's overall growth. In order to support farmers and enhance agricultural practices, financial institutions in India offer a range of Agriculture Loans tailored to meet the diverse needs of farmers and agribusinesses. These loans play a crucial role in providing financial assistance, empowering farmers to invest in modern equipment, improve infrastructure, and increase productivity. In this article, we will delve into the different types of agriculture loans and explore their features and benefits.
What is Prepaid Card: Meaning, Types & Benefits
In today's digital age, convenience and security are the two primary concerns for customers when it comes to making payments. With prepaid cards, you can have the best of both worlds. Prepaid cards are increasingly becoming popular, and it's essential to understand what they are, how they work, and the benefits they offer.
Know What Are the Advantages of Mutual Funds
Mutual funds have become a popular investment option for individuals looking to grow their wealth while minimizing risk. With the advantages they offer, it’s no surprise that the Indian Mutual Fund Industry has witnessed tremendous growth over the years. However, it’s important to understand the basics of mutual funds, who can invest in them, their advantages, and the factors to be considered before investing.
Does a Co-Applicant's Income Improve Your Chances of Getting a Higher Home Loan Amount?
A Home Loan is considered a once-in-a-lifetime opportunity for many people. That is why it would help to maximise your potential loan amount. The best to go about is to opt for a joint Home Loan. Let's find out what is a joint Home Loan and how you can improve your chances of getting a higher Home Loan amount.
7 Step-guide to applying for a Home Loan
All of us dream of becoming homeowners. It is a way of ensuring lifelong financial security; the kind that does not come from living in a rented home. But buying a home is a complicated process. Whether it is years of savings to be given as down payment or finding the right locality to invest in; the process of buying a home is elaborate. And since property investments take a huge chunk of savings, most of us rely on home loans. Yes, you can take out a home loan and pay it off in easy equated monthly instalments (EMIs) for tenures lasting up-to 30 years. Let’s understand the home loan procedure.
What is a home loan Top-up-edited
It's a new year and a new normal in the lives of most people. Yet Buying a home of one's own continues to be one of the biggest aspirations. However, with skyrocketing prices of real estate, property purchase remains out of the reach of many individuals. For this very reason, homebuyers are now increasingly opting for Home Loans to fund their dream house purchase. Banks and several lenders these days offer housing finance at competitive rates of interest, subject to several terms and conditions.
Understanding Home Loan Prepayment - Rules, Benefits, and Charges
If you are looking to reduce your debt burden, you should consider prepayment of home loan. As soon as your finances improve, you can choose to finish your home loan, either in part or in full. If you repay your home loan completely or in part before the scheduled tenure, it is called prepayment of home loan.
Know the eMandate Meaning, Benefits, Eligibility & Process
In today's digital world, convenience is the key. People are looking for ways to simplify their lives, and technology is playing a significant role in making that happen. One such example is the eMandate, which has revolutionized the way recurring payments are made in India.
What are the Consequences of Missing A Home Loan EMI?
A home loan can help you finance the purchase of your dream house. These loans are usually of a high value and, therefore, longer in tenure as well. Lenders typically sanction only 75% to 90% of the cost, and you are required to save enough to make
What is The Best Age to go For a Home Loan?
Buying a home is a dream for every individual across the globe. The only problem is affordability. Buying a house needs to fit the budget. One’s dreams need to be realistic to achieve it.
How Much Home Loan Can I Get As A Salaried Employee?
Real estate rates are rising with every passing day. It is no longer feasible for one to purchase a home simply with the help of their savings. You need to approach a bank to take out a home loan . But lenders need to be sure that you have the capacity to repay the loan, before passing your loan. To ensure you have the repayment capacity, they take a few important factors into consideration such as your net monthly income, credit scores, and credit repayment behaviour. If you are a salaried employee thinking how much home loan I can get on my salary, you need to read this article.
Home Loan Principal & Interest Rate Explained
Bank of Baroda offers a wide variety of Home Loans that you can choose from, based on your requirements. The bank offers loans of several lakh to a few crores in various Indian cities and towns. With its streamlined, online process, you can now apply for the loan online through the bank's website. You can even get a pre-approval for the loan, select a property based on your eligibility, and submit your documents online. But before you take a Home Loan , you should familiarise yourself with the various terminologies associated with the loan; two of which are most crucial. We are talking about the Home Loan principal amount and interest rates. Let's understand these in detail.
Your Complete Guide -To The Home Loan Disbursement Process
Now that you have a thriving career, you are done living on rent. You have already picked your dream house. You have also narrowed down on the bank that you want to borrow your home loan from-like for example Bank of Baroda, based on low attractive interest rates, flexible EMI options and speedy processing and simple straightforward documentation. Now before you approach a financial institution, it helps to know how a home loan is disbursed. Here is a simple guide to the home loan disbursement process where we discuss the three stages of home loan disbursement.
What is a Home Loan Processing Fee?
Banks and lending institutions levy a onetime charge on the different types of Home Loan products. This charge, known as the Home Loan processing fee. It is generally not deductible from the loan amount, and the borrower pays it separately. This is a fee to cover the loan processing cost incurred by the lender or the bank. Some banks may waive such processing charges for a Home Loan as part of special offers.
Calculating PPF Maturity Amount: Formulas, Compounding & Calculator
With the dual benefits of saving taxes and accumulating retirement funds, PPF remains a preferred savings method. An investor needs to open an account under this scheme to derive these benefits.
Complete Guide to Public Provident Fund (PPF) Account
The "PPF" in full form in banking, stands for Public Provident Fund, a popular long-term savings and investment instrument in India. This government-backed scheme enables individuals to build a secure retirement corpus or meet other financial goals while enjoying tax benefits under Section 80C.
How to Avail Loan Against Your PPF Account
Public Provident Fund (PPF) is a long-term investment with a tenure of 15 years that gives the investor a fixed income that is risk-free and tax-free. The account can be opened with a minimum balance of Rs.500 to a maximum deposit of Rs.1, 50,000 per year. It inculcates the habit of saving and planning for long-term goals. It also has a provision for availing loan against the PPF account investment for the short-term needs of the investor.
PPF Withdrawal Rules & Premature Closure
This article provides detailed information on PPF withdrawal rules. It covers the process of PPF withdrawal online, reasons for withdrawal, how to withdraw the PPF amount, PPF extension on maturity, partial withdrawal rules, and FAQs related to PPF withdrawal. How to Withdraw PPF Amount Online?
Step by Step Guide on How to Open a PPF Account
PPF accounts can be opened at designated banks and post offices across the country, with the option to invest either online or offline. The investment tenure for PPF accounts is 15 years, with the option to extend the term indefinitely in blocks of 5 years after maturity.
How to Transfer Your Existing PPF Account to Bank of Baroda?
Public Provident Fund (PPF) is one of the most popular investment avenues, not only among investors but also among taxpayers. One can invest in PPF through a bank or post office.
Complete Guide on Banking Services for Women
From Gen X to Gen Z, a conscious mindset change is palpable amongst women earners who have not only earned but also invested. These women acted as financial agents, preparing society towards change with confidence and competence. However, in the words of *Linda Davis Taylor, CEO, and chairman of Clifford Swan Investment Counsellors, "Wealth without knowledge is wealth wasted." Though many women have earned money, personal finance for women has been largely driven by their fathers or spouses who have taken care of their banking and investments both amongst the literate and illiterate earners.
What is Women's Savings Account?
Financial independence is a necessary component of modern society. With more women becoming self-sufficient and self-employed, the need for financial security and stability is more important than ever. Women have unique financial needs, which the traditional banking system has not always met. To meet these needs, women’s savings account have emerged as a practical and tailored solution. In this blog, we will discuss women's savings accounts and their benefits.
Government Schemes for Women Entrepreneurs in India
In India, where there are over 15.7 million women-owned enterprises and women are driving the start-up ecosystem, female entrepreneurship is gaining ground. It is anticipated that during the next five years, this number will rise by 90%. Despite their growing zeal, women entrepreneurs still face a variety of challenges, such as bias against them because of their gender, a lack of funding, and inadequate support. The Indian government has introduced a number of programmes to assist female entrepreneurs in response to these difficulties.
AI and Fintech: A Match Made in Heaven?
In recent years, there has been a rapid rise in the use of
Artificial Intelligence (AI) in the financial technology
(fintech) industry. From automated investment platforms
to fraud detection systems, AI has revolutionized the way
financial services are delivered and managed.
AI in fintech refers to the use of machine learning
algorithms and other AI technologies to streamline
financial processes, improve customer experiences, and
reduce operational costs. With the increasing availability
of data and advancements in machine learning
algorithms, AI has become a game-changer for the
financial industry providing institutions with valuable
insights on customer behaviour, market trends, and
investment opportunities.
Top Indian Government Schemes to Invest in 2023
The government introduces new investment plans to increase its residents’ income and financial status. These new government schemes are available to everyone who wants to participate, regardless of gender, marital status, socioeconomic status, location, etc. However, it is up to the residents to analyze several plans and select the one that best meets their requirements to maximize their income flow.
What is Minimum CIBIL Score Required for Credit Card
Are you looking to apply for a credit card? Do you know the minimum CIBIL score required for getting it approved? In this blog, we will be discussing everything related to CIBIL scores and how they affect your eligibility for a credit card. We will cover topics such as how to check and read your CIBIL score report, what factors determine the minimum CIBIL score required for credit card approval, how to improve your CIBIL score, and the benefits of having a good CIBIL score. We will also explain the impact of having bad credit or low CIBIL scores on credit card approval and offer some tips about which credit cards are suitable for people with bad credit or low CIBIL scores.
What is Credit Card Limit and How to Increase It?
A credit card limit is the maximum amount that a cardholder can spend on their respective credit card within a given period of time. And if you’re looking to increase your credit card limit, it’s important to consider your financial goals. If you’re looking to build credit, an increased credit limit could help you get there, as long as you’re careful to not spend more than you can afford.
5 Tips On How To Use Credit Card Wisely
In today’s world, credit cards have become increasingly popular and convenient. Credit cards can be a great tool for budgeting and building credit, however, it’s important to use them wisely. This article will offer tips for how to best use your credit card so that you can enjoy the financial freedom they bring with true happiness in your heart. We will look at key topics such as setting spending limits, avoiding cash advances, and more, along with sharing some famous quotes. By the end of this article, not only you should feel confident in your ability to use your credit card in a responsible manner, you will learn some famous quotes that we swear by at all times.
Understanding Cheques: Types, Features, Filling, Cancellation & Requests
A widely used mode of cashless payment is the cheque. Even in the age of digital banking , it continues to be significant in the banking industry. It is used in both small and large transactions. It can be used in various transaction types, from paying an employee to clearing utility bills. This mode of payment is preferred by many as it involves the convenient and secure transfer of funds. One can read further to know more about cheques, starting from a cheque definition to the different types of cheques.
What Is Tax Saving Fixed Deposit?
Opening a term deposit to earn interest income is an excellent way to make use of the funds lying in your bank account. But by opting for a tax saving fixed deposit, you can also earn interest income and get a tax benefit. Bank of Baroda’s Baroda Tax Saving Fixed Deposit helps you to save tax while earning income.
TDS on Fixed Deposit Interest
When one receives a payment, the person making the payment must deduct tax before paying. The tax thus deducted is called tax deducted at source (TDS), which the payee has to pay to the central government.
How is Interest on Fixed Deposits Calculated by Banks?
A fixed deposit (FD) is one of the safest investment instruments banks offer customers. It allows customers to invest a certain amount of money for a fixed period safely and securely. However, you may be interested in finding out how to calculate your fixed deposit interest rate. Well, you can use a fixed deposit calculator online for this purpose.
How To Open A Fixed Deposit Account
Time deposits or Term deposits are most commonly known as fixed deposits. Apart from mobilising funds from demand deposits like savings and current accounts, banks also resort to fixed deposits to raise funds. Fixed deposit, like the word suggests, have a fixed duration.
Complete Guide on Fixed Deposit (FD)
In India, fixed deposits (FDs) are considered one of the safest ways to invest one's hard-earned money. FDs are not only easy to begin, but they also offer good returns too. If one's priority is to save money to meet their financial goals without taking risks while receiving guaranteed returns, then investing in an FD is one of the best options.
Fixed Deposit vs Recurring Deposit: Which is the better option?
The process of wealth creation requires discipline. Money must be put away systematically, over a period for wealth to grow. Whether you choose to invest in the stock market, commodities market, mutual funds or even opt for conservative methods of savings such as fixed deposits and recurring deposits; each way of savings comes with its own set of features and benefits. Most people begin with small monthly savings in the form of a recurring deposit, which they convert into a fixed deposit upon maturity. But this is just one way to go about it. In this article, we shall highlight the key differences between fixed deposit and recurring deposits. However, to do so, we need to understand what a fixed and a recurring deposit actually is.