Invest now India

            In order to promote digital money transactions, some new rules are going to come into effect for UPI transactions from August 1. Once upon a time, whether we wanted to give money to someone or withdraw money, we used to stand in banks for hours and make transactions. Later, we made transactions in a few minutes through ATMs and money transfer machines. Now, many UPI apps have come up that allow transactions to be made in seconds. From Nammoor Petik Kadai to big jewelry stores, UPI scanners have come up everywhere. Whether we pick up the phone, scan it, or pay money, people make payments in minutes. Although there are many advantages in such UPI transactions, there are also some challenges. It is in this context that some new rules are going to come into effect from August 1 to promote digital money transactions. Let's see what they are and what kind of benefits this will bring to users. According to the new rules issued by the Nat...

Minimum balance is not mandatory in bank accounts; Penalties imposed for not having a minimum balance have been abolished. Here is the list of banks offering this offer! Savings Account - In Digital India, there are few people who do not have this. But, the small problem with this is the 'minimum balance'. That is, the customer must keep a certain amount in their savings account. Banks use this as the minimum balance for matters including the maintenance of the account. But, not everyone can keep this minimum balance. In such a situation, banks will impose a penalty on those customers. But some banks are exceptions to this. Those banks do not require customers to maintain a minimum balance. Bank of Baroda:  This bank has recently announced that 'no minimum balance is required for bank accounts'.  However, this does not apply to premium savings account holders. State Bank of India:  This bank has not imposed any penalty on savings accounts without a minimum balance since...

The Reserve Bank of India has announced changes to the ATM withdrawal fees. They will come into effect from May 1. What is the change? Customers can withdraw money five times a month free of charge from ATMs of banks or financial institutions where they have an account. Customers who do not have a bank account can withdraw money three times a month in cities and five times in rural areas from ATMs of banks or financial institutions. If it is more than that... According to the new notification, a fee of up to Rs. 23 will be charged for each transaction above a certain limit. Why this change? When we withdraw money from banks, we have to pay a service fee to the banks. Therefore, the Reserve Bank of India has now announced this price hike for that service fee. When we withdraw money from ATMs of other banks, our banks pay fees to those banks. To compensate for that, a fee is charged when we withdraw money from ATMs of other banks. Today, according to the new announcement, it has been inc...

The home loan is what makes many people's dream of a home possible these days.  If we take a home loan thinking, 'That's all we can get', we will get into trouble. So, let's look at eight things to consider when taking a home loan. 1. Before taking a home loan, have a 20 percent down payment in hand. For example, if you are buying a house for Rs. 50 lakhs, prepare 20 percent of it, Rs. 10 lakhs, yourself. It is not good to take a loan for this down payment. 2. When taking a home loan, it is important to compare the interest rates of two-three banks . Even a 0.5% - 1% interest difference between banks can increase the loan amount by lakhs. So, it is better to pay attention to these small differences. 3. The EMI you pay monthly should be 30 - 40 percent of your monthly salary . Only then, no problem will arise. 4. When taking a home loan, pay off as much of your other debts as possible. At least get a large loan. 5. It is better to take out a home loan before the ag...