These are the three best credit cards in India

Credit cards become useful in case you do not have the cash with you and you need to make a purchase. You can use your credit card and own what you want to own and pay later. This feature of a credit card does come in handy but at the same time too much usage of a credit card might also and you up in a lot of debt. However there is some cards which have a lot of reward points and other benefits for their usage. Therefore before going in for a credit card it is always useful that you do a proper research and then choose a credit card that suits you and your purpose.

Here are a few of the best credit cards you can get your hands on

1. Standard Chartered Platinum Rewards Card.
2. ICICI Instant Platinum Card.
3. Standard Chartered Manhattan Credit Card.

• Standard chartered platinum rewards card – if in case you are a salaried employee, you have a better chance of approval for this credit card, you can also get additional 1000 reward points if the transaction is done within 60 days. Now travel in Uber because you can avail 20% cashback on your Uber rides, you also get 5 reward points each on every 150/- spent on dining and fuel.

• ICICI Platinum credit cards – it is difficult to get your first credit card in India. However, if you have a fixed deposit or you have a savings bank account with the ICICI bank, ICICI offers you instant credit cards. There is absolutely no annual fee for the credit card. There are 3 payback points for every 100/- spent, the card has a global emergency assistance facility and the card replacement service is also available. You also get 100/- off on movie tickets twice a month. What’s more a 2.5% fuel surcharge  waiver can be gotten on a transaction of Rs 4000 at HPCL pumps.

• Standard chartered Manhattan credit card – This is al al time favourite card where one can spend almost 90% of the expenses and save a lot of money through cash back and reward points. Nowadays it’s more of a trend to spend money on grocery in stores like reliance fresh, Spencer’s or Big Bazar and this card will offer you 5% cashback on all your grocery spends. Rs 999 is the annual fee for the card which you can get waived off. You also get 5x rewards when you use the card to make payment of your hotels, airline ticket reservation and fuel.

Everything about calculating your car loan with a car loan calculator

When one owns a car it becomes very easy for the person to travel from one place to another. Travelling happens to take up half the time of our entire lifespan and with a car things seem to be a lot easier. It becomes very easy to navigate the city and even plan for long drives towards the precincts of the city.

When a person owns a car he or she is no more dependent on the vagaries of the public transport. You no more have to stand in queues for boarding the bus, you no more have to get squeezed I the rush hour in trains and neither do you have to pay extra for cab services. Everyone harbours a dream of owning a car and when this dream becomes a reality life seems to be perfect. It is even better if you have a family.

Sometimes long drives and weekend getaways are dependent on the car rental services and when you own a car yourself, you can drive off to any destination near or far. That is when only your wish comes into play and nothing else. You can then easily plan for your holiday trip.

With easily available car loans, you can now be the proud owner of your dream car in no time. Everything, from the calculating the interest that will be accumulating on the car loan, to the insurance costs and all the other expenses that are even remotely related to buying a car can be conveniently and accurately calculated by the car loan calculator.

There are a number of car loans that are available in the market. You can choose from the multifarious varieties of a car loan, it could be a new car loan, a used car loan or a pre-owned car loan. You can also avail loan against a car. It all depends on what your needs are and what fits your budget. A car loan calculator will help you  get a clear picture and it will thereby allow you to plan your expenses by letting you calculate every aspect of the car loan that you would be taking for a particular bank.

You will get to know the exact break up of your investment in your car loan. It will allow you to calculate the interest that you will be paying on the principal of the loan amount that you borrow from the bank. There are a lot many options available and a variety of car loans are flooding the market. You have to do your in depth research and pick and choose the car loan that suits you best. You are absolutely free to make the decision based on your pocket.

Once you choose, all you need to do is choose your car and then visit the bank’s website page and calculate your car loan interest accurately with the help of a car loan calculator.

All About Fixed Deposit Interest Calculator

Fixed Deposit is more of a term deposit with an interest rate on the higher side when compared to the savings bank interest rate and it is because of the higher interest rate and the low risk in the investment it is one of the most popular investment choices in India. The interest rate is fixed for the whole maturity period and even if it fluctuates during the tenure of your FD , you will receive the same interest rate which was decided at the time of your initial investment.

Whoever the interest rates differ from bank to bank and this is why it is advisable to do your research properly before opening an FD account so that you receive the best in every way. The interest also depends on the FD tenure or the maturity period. In other words in case the maturity period is long and the FD tenure is on the higher side, the interest rate that would be offered to you might be higher as well. The interest rate is compounded quarterly i.e. every three months in most of the banks. Fixed deposits have extremely low liquidity and you cannot withdraw any amount before the tenure of the FD is over and done with. If that happens you have to pay the penalty for re withdrawal which would reduce your interest rates and also a fine of up to 1% of the amount deposited.

Along with all of the above information it is important to not that you are liable to pay tax on the interest that you earn on your principal FD amount. Depending on the tax bracket in which you fall. The FDs are very safe with stable and predictable returns and they are also very suitable for conservative investors. However FDs are low on the liquidity front, the returns are generally low because of the taxes that are levied on the interest earned.

Before investing in an FD it is always advisable to sit down with a pen and paper and calculate the FD for the decoded tenure, so that you will be able to figure out how much interest you will be earning over the time period. However it is very important to keep in mind that the calculation that is supposed to be done should be accurate. Doing an FD calculation is rather difficult and that is where the FD calculator comes in to play.

Nowadays most of the bank websites and the NBFC websites as well have a FD calculator which lets you calculate the interest that you would be earning over the entire FD tenure in an accurate manner.
You just have to enter the principal amount, the FD tenure, the rate of interest that has been decided and the compounding frequency and your FD interest rate will be calculated by the FD calculator in an impeccable and time-saving manner.

All About Demat Accounts And How To Open One

The savings bank account is for your money, your demat account is for your shares. To be straight, a demat account holds all your shares in a dematerialised and electronic format.  All your financial machinery including government securities, mutual funds, shares, bonds are held by Demat accounts. If you want to trade in the stock market it is mandatory that you have a demat account.

Now lets see how it works:

The CDSL and NSDL are two depositories in India that holds all demat accounts. A unique identification number is associated with every demat account and this is the number that you are supposed to provide while buying or sharing any share or bond in short making any transaction. This number make the companies identify you and deposit the shares and bonds in your account.
Then there are depository participants who provides a connection to the central depository. They are the brokers or financial firms that offer demat services.

Whenever you check your account,m you can see all the securities your demat account holds, this is also called portfolio holding. Whenever you make any transaction, these portfolio holdings and details are automatically updated.

Now lets get to the brass tacks! – how do we open a demat account?

The very first step is to choosing a Depository participant. There are many depository participants out there sone of them are 1. Globe capital market limited, 2. SMC global securities limited, 3. HDFC bank limited, 4. Sharekhan limited, 5. Edelweiss securities limited, 6. Kotak securities, 7. India Infoline limited so on and so forth.

Once that is done and you have chosen a depository participant, you have to fill up a demat account opening form  with the required documents and a pan card! After which, a copy of the rules and regulations and the terms and agreements will be handed over to you which will also include the charges that will be borne by  you. When Depository participant is done processing your documents for the account opening, it will give you your account number and the unique id that has been spoken about earlier on.  You have to use these details to access your details on your demat account whenever you want to. A monthly charge of maintenance of the demat account has to be paid by you and at the same time you also have to pay the charges for buying and selling securities, these charges differ in almost every depository participant.

Unlike a normal savings account a demat account can be opened even of one doesn’t hold and shares and the maintenance of shares in the account is not necessary to keep the account operable.

The Importance Of Online Mobile Recharge

The Internet pays a very crucial role in our lives whether it is in the office, in our study, in college or at home. Mobile phones are no longer any luxury; it has now become a necessity for the common man in India. It is almost unavoidable from the business and personal point of view because it connects us with our clients, families and friends.

Online mobile recharge is very easy and extremely simplistic method to do through various websites that offer these services.  A lot of websites provides online mobile recharges of almost all the carriers available in the market today be it Jio, Airtel, Vodafone, BSNL, Idea, Aircel so on and so forth. All you have to do is log on to the relevant website and submit the recharge amount and the other required information which consists of your name, number and the name of the carrier and press the submit button. After that you need to make the payment and the mode in which you will be making the payment is to be selected by you for which you can use any services which range from online banking to ATM r debit cards to Credit cards or payment wallets.

If in case you are using a credit card or an ATM or a debit card, you will have to fill up your credit card or ATM or Debit card details and get the recharge done. These are the steps that need to be followed for online mobile recharge through the various web portals that offer the online mobile recharge services. In India these websites have also come up with their customised apps which can be accessed through your mobile phones. These apps are a flexible option that integrates seamlessly with the website and also provides the facility of auto-generated text messages that can be delivered to the recipient’s mobile phones.

Nowadays there are several software service launches which are aided by the online mobile recharge websites because they allow the business houses to get a complete account and recharge solution for their business. Customers can provide and control their operators but SMS’s and recharge their mobile phones whenever they need.

The automatic recharge software would help the customers by providing an easy and convenient way to facilitate auto-generated text messages. The online mobile recharge websites are extremely popular with all and sundry in India especially because of some of the offers that art her on display. The coupons and other added goodies become an attraction of sorts. The prepaid market is huge and it is untapped as well which is why many companies would want to venture into the prepaid market

All You Need To Know About Personal Loan Emi Calculator

A personal loan is just like any other loan that is available with the banks. However there are a lot of differences when it comes to a personal loan and the other loans that are available in the market. The home loans, the car loans, the gold loans so on and so forth are mostly secured loans, which means these loans have collateral or security money which is taken away when not being able to repay the loan. However a personal loan is an unsecured loan and it doesn’t have collateral or any security money which might be taken away by the lender in case the loan is unable to be paid by the borrower.

The personal loan can be used to fulfil any whim and fancy of the borrower, it is not meant for any specific purpose.  It can be used for going on a vacation, for renovating your house or buying your favourite gadget, for the treatment of illness, for setting p a new business so on and so forth. Anyone who takes a personal loan in India gets flexible repayment options and the repayment period ranges from 1 year to 5 years. The interest to pay for the personal loans depends from one bank to the other.  Therefore it is mandatory to do a proper research and then choose the loan that suits you the most. The personal loan also doesn’t take much time for disbursement. All of these eases make personal loans today a hot favourite amongst banking customers. However it is very important to know what is the exact amount that you need to repay when you take a personal loan for N number of years. This is where the personal loan EMI calculator comes in.

Another thing is worth mentioning in this context is that the personal loans might get costly if the repayment period is long because it is to be kept in mind that the personal loan comes with an interest rate, so the longer the tenure of the personal loan the longer has the interest to be paid and hence the costlier it gets.

Therefore it is advisable to evaluate your personal loan with a pen and paper and get to the brass tacks right from the very beginning. However once that is done and the personal loan is approved, you will be surprised to know that the amount approved might be different from what y9ou thought would be which again depends on your credit scores and credit history. That means that once again you have to sit and calculate the EMI and the cost of your personal loan. Care should be taken that the calculation that you are doing is accurate and is not faulty, hence it is always advisable to use a Personal loan EMI calculator

The Personal Loan Interest Rates And Everything Related To It

A personal loan makes sure that you get that much-coveted piece of jewellery or you start that business that you waited for so long, or perhaps make your own film. At times, a personal loan also comes in handy when you have to treat an urgent ailment or perhaps just head out to a luxurious vacation.  Getting a personal loan is tough but when one gets it becomes difficult to repay more often than not because of the staggering interest rates that the personal loan comes with. The interest rates depend on a lot of factors.  Your credit ranking, your credit scores and on whether you have ever defaulted on your credit history or no.

A personal loan is not loan that is secured, which is why the lender cannot take away your home or your car when you cannot repay your loan. There is no security money that is attached to the loan which is why at times it becomes very difficult to get the loan as well. The thorough credit checking procedures that are there in place is because if your credit scores are low, be sure the amount that you are going to get as a loan will be lesser than you  thought and at times the interest will also be hiked up.

The personal loan interest rates also depend on the tenure of the loan. If your personal loan tenure is for a bigger span of time, the chances are that your personal loan interest rates will increase drastically making the loan very costly because by the time the tenure is over and done with, you will only end up paying double the amount that you borrowed.

Therefore it is advisable that you do your proper research when you are going in for a personal loan so that can compare the personal loan interest rates and see for yourself which one suits you. However, once you have chosen the bank from where you would be taking your personal loan, the bank would do a verification of your credit scores and credit history after which it would decided whether you would get the personal loan or not and if yes what would be the interest rate. If your credit score and credit history is fine, you will get a lesser interest rate and vice versa.

One everything is finalised, it is better to go on to the website of the particular lender bank in question and put in the details of your personal loan, which would include the principal amount, the interest rate that will be charged and the tenure of the loan, so that you can figure out how much extra you would be paying by the completion of the personal loan tenure.