As of January 2025, here are five top-performing Equity Linked Savings Schemes (ELSS) mutual funds in India that offer tax-saving benefits under Section 80C of the Income Tax Act: Motilal Oswal ELSS Tax Saver Fund Direct Growth Fund Size: ₹4,415 Crores 1-Year Return: 28.5% Risk: Very High Minimum Investment: ₹500 (lump sum and SIP) SBI...

Here are some effective strategies to save on your credit card bills: 1. Pay Your Bill in Full and On Time: Avoid Interest Charges: The single most important step. Paying your entire balance before the due date prevents accruing interest, which can significantly increase your costs. Maintain a Good Credit Score: Timely payments are crucial...

A Bajaj Finserv EMI Card can be a good option depending on your financial situation and spending habits. Here’s a breakdown of the pros and cons: Pros: Affordable Purchases: It allows you to spread the cost of expensive items over manageable monthly installments, making them more affordable. No Down Payment: In many cases, you can...

Anyone can apply for a Bajaj Finserv EMI Network Card either online or offline. Here’s a step-by-step guide for both methods: 1. Online Application Process: Visit the Bajaj Finserv website: Go to the official Bajaj Finserv website and look for the “Insta EMI Card” or “EMI Network Card” section. Fill in the application form: Enter...

The State Bank of India (SBI) offers a range of personal loan products tailored to the specific needs of government employees. These loans are designed to cater to various financial requirements, from debt consolidation to medical emergencies and home renovations. Key Features and Benefits of SBI Personal Loan for Govt. Employees Competitive Interest Rates: SBI...

A personal loan of ₹50,000 can be a valuable financial tool for various needs, from covering unexpected expenses to funding small personal projects. Several banks and financial institutions offer such loans with varying interest rates and terms. Key Features of a ₹50,000 Personal Loan Before diving into specific bank offerings, let’s quickly review the typical...

A ₹1 Lakh personal loan is a common borrowing amount for various financial needs like medical emergencies, home renovation, or education. The EMI (Equated Monthly Installment) for such loans depends on several factors, primarily the interest rate and loan tenure. Let’s calculate the EMI at different interest rates, assuming the loan amount is ₹1,00,000, for...

In India, the Credit Information Bureau (India) Limited, commonly known as CIBIL, is one of the major credit bureaus that provide credit scores for individuals. Your CIBIL score is a three-digit numeric summary of your credit history and creditworthiness, ranging from 300 to 900. A higher score indicates better creditworthiness. How to Check Your CIBIL...