These Are the Factors to Help You Determine How Much Money You Need to Borrow

It seems like a simple matter to know how much you need to borrow. But the fact is few people get that calculation right the first time. If you don’t. You might not get a chance to return to the lending well. No matter how good your credit happens to be, no lender wants to see you back in their office right after giving you a loan. It makes them nervous. Their suspicion is that you are not as responsible as they thought you were, or that your money problem was worse than you thought.

When it comes to knowing how much to borrow, a cash advance loan is no different from any other. It might seem like a simpler proposition because you generally have a hard limit and you are in the throes of an emergency. Many people just max out the limit without realizing they are borrowing too much. With other loans, they often borrow too little out of concern for overextending themselves. It can be costly to make a mistake with your loan amount. Here are a few tips for getting it right the first time:

Don’t Get Greedy

When you are calculating a potential home loan, it is easy to let your emotions take over and convince you that you don’t just need a house; you need a dream house. That is a bad time to start dreaming. With every additional home feature you rationalize, your mortgage can increase precipitously.

You really don’t need the pool, or the additional $500 a month it will add to your bill. You might well be able to get a half-million dollar home loan. But does that really make sense when a $300,000 loan would be more than enough with just a handful of compromises. Self-discipline is possibly the greatest virtue when asking for a loan.

Get a Little More Than You Think You Need

On the other hand, self-discipline is not the same as timidity. Some people lowball the amount they really need because they are afraid to make the big ask. If you are going for a business loan, you are going to have everything accounted for to the penny. Don’t ask for that amount. Ask for more. You need enough to have a cushion for the emergencies and contingencies you never considered.

You naturally borrowed enough money to have a POS installed. But you only sprung for the basic package. Too late, you realize that you can’t take all the popular digital payment options. Getting that will cost you an extra $500. That sort of thing is exactly why you have to build in a reasonable cushion. Ask for too little and your opportunity cost might be too high.

Borrow Enough to Get the Job Done

Don’t borrow enough to only pay off most of your high-interest loans. If you are going to borrow for the purposes of debt relief, make sure you can pay off your entire debt load. Trading a high-interest payment for a lower one is smart money. You will also see some marked improvements in your credit score.

If you need a car, get one that will suit all your needs. If you need a work computer, get one that ticks all the boxes. If you don’t, you will end up with a loan, plus a piece of equipment that leaves you needing more.

Buy Quality Goods

Don’t use an expensive loan to buy cheap products. You will have the worst of all possible worlds. You don’t need a loan to buy something cheap. You can save up for that. Use the loan for that which you couldn’t otherwise buy. When your products are of good quality, you don’t have to worry about replacing them anytime soon. You will not need another emergency loan to replace yet another garbage product. Buy products that will far outlast the terms of the loan you used to get them in the first place.

There are no courses in school that teach students how to borrow money wisely. Borrowing is a reality that we all have to eventually face. Make your first loan a good one by not being greedy, not being too timid, borrowing enough to complete the job, and borrowing what it takes to procure quality goods.

read more

How To Get Personal Bad Credit From Slick Cash Loans?

Life requires money, and everyone occasionally needs financial assistance. Their regular income is insufficient to cover their irregular expenses, which include paying for their children’s college tuition, business operating costs, auto loans, and other things like medical bills.

The slickcashloan offers loans for bad credit, meaning the loans with an adverse credit history or score are granted. Numerous elite banking firms give loans to people after carefully examining their ability to repay, credit history, and repayment track record.

Therefore, to lessen the load on each person, the United States has offered to assist in meeting their various demands. The USA service is unique in providing loans to the poor and offering facilities to support the individual. Without the hassle of vetting and paperwork, they set up loans for people with terrible credit that were assured to be approved.

What Factors Need To Be Taken Into Consideration For A Personal Loan?

Before signing the loan agreement, it’s essential to keep in mind the many aspects of the bad credit loan guaranteed acceptance. You must first determine how much time you have to repay the loan while considering interest rates. Before you sign the contract, carefully review the terms and conditions and the rules and regulations.

Security and privacy are further steps that need to be considered after that inspection. Also, visit the lenders’ websites to see customer feedback. Sometimes it will be difficult to see which site is giving the best, but all the lenders have different schemes—all you need to do some digging for the same.

What Are The Types Of Loans For A Bad Credit History?

  • Personal Loan- Unsecured and secured loans are the categories under which personal loans fall. Loans that can be received without any form of security are unsecured. Simply signing the contract will satisfy the financing need. These loans have high-interest rates and require payment of all necessary expenses.

Secured personal loans, however, are advances secured by the property. When asking for the same, a person must provide assets as collateral, which may be taken if the payback is not paid.

  • Payday Loan- It is a short-term loan because the lender looks at the borrower’s current monthly income rather than their credit history. One benefit of payday loans that you can obtain within 24 hours of applying is that it is not more than $500.
  • Installments Loan- The borrower will be given the set sum of money here, which they must pay back in a series of installments. The principle and interest amount will need to be paid within each payment’s allotted time frame. Since they have a long-term and relatively low-interest rate, they are easily repayable.

So above are the things you can see before choosing your loan. Leave the worry of a bad credit score behind your back and trust your lender the same as they trust you with a bad credit history.

read more

Kotak e-Term Plan vs Accidental Insurance: Learn the Difference

If you are trying to get an insurance policy for the first time, then it is easy to be confused between a term plan and an accidental insurance policy. After all, the goal of both these policies is to get your family the kind of financial security that lets them live comfortably in your absence. However, there are several major differences between these two types of insurance cover. It is important to know these differences before you put your money into any of the two options. So, here you go!

The tenure

When you calculate term insurance premium carefully, your policy can have a long tenure of ten to twenty years or more.

On the other hand, personal accidental insurance has a shorter tenure of a year. So, you need to keep renewing the cover each year to continue enjoying the benefit.

The coverage

Though the coverage depends on the term insurance quote given to you by the insurer, it is typically more than what you get for accidental insurance. The highest coverage for a term policy is twenty times the policyholder’s yearly income. In accidental insurance, you can only get a cover that is ten times the annual income.

The risk factor

Term policies come with death benefits, i.e., the beneficiary gets the benefit amount in the policyholder’s untimely demise. A pure-term insurance plan that does not have any additional riders only covers you for the death arising from a natural cause.

As you can guess from the name, an accidental insurance cover offers benefits only for deaths that are caused due to accidents. In fact, even if a person gets injured in an accident, they can make a claim to pay off the medical bills. However, the beneficiary cannot make a claim if the policyholder dies due to natural causes.

The riders

In a term policy, the accidental and disability covers can be included as riders. Such riders tend to increase the premium amount to some extent, though they help the policyholder to get more coverage. On the other hand, accidental death and disability are the primary covers that you get under accidental insurance.

The benefit distribution

In case of the policyholder’s demise, the beneficiary can receive the sum assured as a monthly income or a lump sum. Additionally, they can get a part of the sum assured as a lump sum amount while getting monthly income from the remaining amount.

For accidental insurance, there is no provision for monthly payouts. The sum assured can only be received as a one-time lump sum payment.

The bottom line

It would be wrong to say that getting a term plan is better than accidental insurance. In fact, if you want to protect your family completely from financial distress, then why don’t you get both term and accidental insurance?

Click here to know more about Kotak Term Insurance Plan:

read more

What Steps Should You Take to Apply for a Loan Against Commercial Property?

A plot loan or loan against commercial property allows you to pledge your plot as collateral or security against which you can take a loan from the lender. Mortgaging a plot for loan is considered beneficial as the interest rates are quite low. The loan can be taken for individual or business purposes. As the loan tenure is usually long, EMIs are divided into smaller amounts, which helps to maintain financial stability. Though the eligibility and application for loans against commercial property are quite simple, there are a few things to keep in mind before taking the option. Here are the steps to take when applying for a loan against commercial property:

Do Your Research

Before you apply for a plot loan, you should ensure that you have done your research. You must be aware of the eligibility criteria to avail a LAP. In most of the cases, you are easily eligible to avail a LAP, but it is still considered wise enough to do your homework before applying. There are different eligibility criteria for salaried and non-salaried individuals. You must check where do you fit in and how the loan you are applying for is going to help you.

Find Out the Maximum Amount of Loan

The amount of loan sanctioned by the lenders or financial institutions depends on the type of property kept as collateral or security. While taking a loan against a plot, the loan amount depends on the current market value of the plot, location of the plot and the size of the plot. Usually a lender offers 50-60% of the plot value as a loan to the borrower. So, if you are on your way to avail a loan against your land or plot, make sure you know its market value and calculate the amount of loan you might be sanctioned.

Use a Mortgage Loan Calculator

Calculating the amount of loan and the per month EMIs it will cost you is considered a good idea before you apply for a loan. Financial planning is also equally important as it will help you live your life smoothly while you are re-paying the loan. You can use multiple mortgage loan calculators or EMI calculators available on the internet. It helps you calculate the per month cost to you including the interest rates after you get the loan.

Fill the Procedure Form and Avail the Loan

After you have done all your calculations and have evaluated the risks and financial plans, then you may apply for loan against your plot or against your commercial property. You may decide whether you are willing to fill the form online or offline. In online application, the lender offers almost all the services at your doorstep, and you can complete the procedure sitting at home.

Use the Loan Amount Wisely

When the loan amount is disbursed, you must be very careful with the use of the funds. You can also opt for partial disbursement if you have applied for the loan for your business needs. It will not only keep your loan amount safe but will also attract less interest rate.

Loans against properties are getting very much common these days due to the lower interest rates and longer tenure to repay.Owning a land in India is considered as a matter of pride. As it brings a feeling of happiness and joy, in the times of need, it can also bring funds for you. A loan against property is considered something which can help you fulfil your dreams.Loans against plots or loans against commercial properties are more common than the loans against other properties as it attracts even lower interest rates.

read more

What Are The Types Of Tax-Saving Investments?

There are many clever strategies to reduce taxes and reap the biggest savings. However, tax planning is typically a let’s do it later for most people. A better strategy is to start investing in the first quarter of the fiscal year to give one time to make wise plans and to take advantage of the best returns from various tax-saving investments.

Taking safety, returns, and liquidity into account is crucial when choosing the best tax-saving investing programs. Additionally, it’s critical to be thoroughly aware of the tax implications of the returns. The potential to accumulate wealth over the long term is limited if investment returns are taxed.

Different types of tax-saving investments

Public Provident Fund (PPF)

Public Provident Scheme is a well-liked investing tool for tax reduction. A PPF account must first be opened at the post office or specific branches of banking sectors. It is a long-term savings and investment program. A guaranteed rate of interest is earned on contributions to the PPF account. These deposits are eligible for Section 80C deductions worth up to Rs 1.5 lakh each fiscal year. 


ULIPs serve various financial needs at once and are a valuable tool for rebalancing. Since investors can switch from equities to debt (or vice versa) based on how the market is reading, they outperform ELSS funds and are more flexible. Additionally, as income from ULIPs is tax-free, there are no tax repercussions on the earnings generated through such flipping. However, a ULIP might not be able to provide you with the level of life insurance you require. Additionally, because the policy is a long-term investment, you must maintain it during its whole term to avoid losing liquidity. Avoid asset advisers that try to sell you ULIPs, incredibly close to the tax-savings deadline.

National Savings Certification

A national savings certificate is a government-sponsored fixed-income investment program that targets small and middle-income investors with the promise of attractive returns. As safe as the Provident Fund, it is regarded as a low-risk investment. Investors can make investments based on their investing preferences and income profile.

Investment in NSC is eligible for a deduction of up to Rs. 1.50 lakh under section 80C of the income tax act. In addition to offering tax exemption, it fully protects the investor’s capital and guarantees interest.

Senior Citizens’ Saving Scheme

After the extra tax exemption for income up to Rs 50,000, SCSS is the best investment choice for people over 60. The program offers higher interest rates than PPF. SCSS is superior to even 5-year tax-saving FDs, which provide better returns than standard FDs. The eligibility is only open to elderly citizens, though. The total investment cap is set at Rs. 15 lakh per person. The minimum age is sometimes lowered to 58 years if the investor chooses voluntary retirement and does not accept another work. Defense personnel is not restricted by age either.

Life Insurance

Life insurance is a crucial component of a person’s financial plan since it protects the person’s family in the event of an untimely death. As a result, the primary duty to secure the family’s economic future rests with the earner.

Traditional life insurance (endowment) and market-linked life insurance (ULIP) provide tax advantages to policyholders on the insurance premiums.

Fixed Deposit Scheme

Security deposits, like other guaranteed return investment choices, are what bank FDs are. The sole distinction is that bank FDs have an investment term of five years. The bank FD provides tax-free income as an investing strategy that saves on taxes.

This plan best suits those who choose low-risk and wish to save money over the long term.

One may claim up to Rs. 1.5 lakh in tax-saving investment FDs under section 80C of the Income Tax Act. The banks determine the interest rate for the fixed deposit plan, which is subject to vary every quarter or fiscal year. Compared to a savings account, a bank fixed deposit provides a better potential for interest generating and only permits one-time lump sum deposits. 

Bottom Line

When used properly, these tax-saving strategies can help people and families avoid losing too much money to taxes while, in some instances, generating long-term profits on their assets. To ensure a knowledgeable and calculated strategy toward minimising taxable income, it is essential to understand all terms and restrictions related to each method.

read more

Cash Advance Online: Slick Cash Loan Online

Do you want to get quick cash for your financial needs? Everyone needs financial help in an emergency. However, loan borrowers will not get money immediately if they apply for a loan. A borrower can quickly qualify for a loan amount in the various financing options. We will know about the financing options and how to get instant cash.

Many borrowers get money from the personal loan option. Private loan lenders offer loan amounts without any rigid requirements. Nevertheless, a borrower should check the conditions of different loan lenders to choose the best one.

How Can I Borrow Quick Cash Loan?

A loan lender will have several requirements before borrowing a loan amount. However, there is little chance of getting the emergency amount instantly with all document verification processes.

Check Loan Application

A loan application should not be complex to understand. When a borrower is applying for instant cash, they should follow quick requirements. A borrower should check the application’s flexibility before borrowing the amount.

Is Your Lender Credible?

A borrower may find several options in the research before applying for instant cash. Profound analysis and checks are significant to getting a credible loan lender, and the demands should not exceed a borrower’s limits.

What Is Fast Approval?

A loan borrower will find many financing options that help them borrow a lump sum for the projects. However, a quick approval is necessary to get the cash. If a loan borrower takes an amount without any credit score check, there is a high chance of fraudulence. Fast approval of emergency cash should also have credit history and score checks.

What Is The Maximum Amount You Can Borrow In The Quick Cash Loans?

Loan borrowers can borrow cash advance – apply online in minutes – slick cash loan. In the above loan option, a borrower can take up to $2500 loan amount. For instance, the Slick Cash financing option is the best if you want to borrow a loan for emergency home repairs.

Can You Get Direct Deposit Loans?

A direct deposit loan will allow you to borrow money without time-consuming checks. A borrower will instantly get the loan amount without extra checks in the natural deposit loan option. A borrower need not travel to a physical loan provider to take the loan amount. A direct deposit loan option will reduce all time-consuming tasks.

Can I Use Credit Card Advances?

A credit card is one of the financing options for people who need a quick loan amount. But, in the credit card option, a borrower should pay the extra interest amount. The monthly payment on the credit cards will be higher than the other flexible loan options. The above reason is one of the drawbacks of credit card advances.


A borrower should always choose the loan lender with hassle-free repayment terms.

A repayment term should not double the loan amount. A credit score is significant to borrow quick cash. However, an excellent credit score should not be a requirement.

read more

Tips to Decide How Much you Should Invest Per month

Investing in mutual funds and SIP is one of the best options for people who want to make their money grow. The best thing about investing in them is that they are a low-risk investment but also offer high returns as well. Some may need a step up sip calculator to get a clear picture, as a sip step up calculator gives you a clear idea about the investment. Investment in them is a great way to save for your future. Mutual funds are managed by professional fund managers who invest the money you have put into the fund into stocks, bonds, or other securities that they believe will give you the best return on investment (ROI).

Investing in a SIP is a better option than investing in Mutual Funds. The reason for this is that the returns on a SIP are higher, and the risk involved is lower. A SIP is a systematic investment plan which helps you to invest a fixed amount every month over time. Here, you can choose your investment options, such as equity funds, debt funds, and so on. Investing in SIP is a great way to save for retirement. You can start by deciding how much you are willing to invest. The lower your investment, the more time it will take to reach your goal. You should also consider the fee you are paying for the SIP and whether it is worth your money.

The amount you should invest in monthly SIPs depends on the following factors:

  • Your age
  • The market conditions
  • Your risk appetite
  • The size of your corpus
  • How much you can afford to invest in SIPs every month

The first step in deciding how much you should invest per month in SIP is to calculate the amount that you can afford to invest. The second step is to divide it by 12 and then multiply it by the total number of months that you want to invest for. The third step is to find out how much interest will be earned on this investment and compare it with the rate of inflation. The fourth step is to decide what your risk appetite is like and how much volatility you are willing for your investments. The next thing you should do is decide how much you want to withdraw from the plan per month or year. This will depend on what kind of lifestyle you want in retirement and what kind of expenses you expect to have then.


It is always a difficult decision to decide how much to invest in SIP. There are many factors that you need to consider before investing in SIP. You should know your risk tolerance, time horizon, and the amount of money that you have at hand, and have a sip calculator with step up. So, keep these factors in mind, and then you can easily decide on the amount you can invest.

read more

What Are The Factors Impacting Your Home Loan Balance Transfer Eligibility?

As a home loan provides you with the ease to meet your dream of owning a home early in life, it may be termed as one of the highly demanded credit options. It is a long-term commitment loan that usually spans up to 20 years due to the involvement of a huge amount. As the loan spans for over a decade, there are high chances for you to come across home loan lenders offering lower interest rates than your existing lender. By opting for a home loan balance transfer option, you can easily switch your existing home loan to another lender.

What is a home loan balance transfer option?

Home loan refinance is a facility through which your new lender pays your ongoing home loan and you become liable to meet the home loan outstanding repayments with the new lender. Usually, this option can be availed to gain the benefit of lower home loan balance transfer interest rate, which automatically lowers your loan EMI and overall interest outgo. This reduces your overall loan burden.

To be eligible for a home loan transfer, you must initially keep handy all the necessary documents for home loan transfer. Documents required for home loan balance transfer include consent letter, NOC (no objection certificate), foreclosure letter, loan agreement, home loan statement, property documents, postdated cheques, important KYC documents and financial documents. Next, you must factor in certain eligibility parameters to understand your home loan transfer approval chances. These are:

  • Age

To be eligible for the transfer, you must be between 21 and 60 years of age. Having a higher age over 60 years may reduce your chances of availing the transfer due to lack of income and increased vulnerability to declining health. In such a case, you can boost your transfer chances by adding in a co-applicant having a high credit score and stable income. Applying for the transfer option jointly enhances your chances of approval because this lowers the lender’s credit risk massively.

  • Income

Income is not just one of the home loan eligibility parameters but also a vital parameter considered by home loan balance transfer lenders. Ensure to keep handy your income documents. Avoid frequent job switches if you are looking to avail the balance transfer facility in the future. This is because frequent job switches discourage balance transfer lenders from lending you as it creates the impression of job instability, which lowers your reliability for them.

  • Credit score

Credit score is one of the important factors considered by the balance transfer lenders. This is because, credit score helps them to understand your credibility and behavior with credit. In case, your credit score is 750 and above, you may hold higher chances to avail the transfer option at lower home loan balance transfer interest rate.

Ending note

In case you are overburdened due to high home loan EMI, then you can avail the home loan balance transfer option. This option allows you to avail lower home loan interest rate and higher top up loan facility. You can use the home loan top up availed through the transfer option to meet your personal monetary mismatches. Note that before availing the balance transfer option, you must ensure to use the home loan balance transfer EMI calculator. This calculator allows you to understand your overall savings on interest component through the transfer option. In case of substantial savings, opt for the balance transfer option.

read more

5 Best Tax Saving Investments Under 80C

Investing in an investment plan has become one of the most preferred ways of financial security and wealth creation for the coming years. Apart from providing financial security, you can invest your money in market-related schemes, such as equity, stocks, bonds, shares, etc., depending on how much risk can you take. How much returns you get directly depends on how your investments perform in the market.

Investment plans come with various benefits, such as providing financial security to the policyholder and his family, lump-sum death benefits, flexible payout options, etc. One of the crucial benefits of a saving investment plan is the tax benefits. Saving investment plans offer lump-sum tax benefits under Section 80C and 80CCC. Please note that tax laws are subject to change from time to time.

Today, there are numerous tax saving investment plans available to choose from. This makes it important for us to compare and choose the plan that is best suited for us and matches our expectations. Below are 5 of the best tax-saving investments under Section 80C in India for you to check out.

  1. Unit Linked Insurance Plan (ULIP)

One of the best tax saving investment plans in India is Unit Linked Insurance Plan (ULIP). This tax-saving investment plan offers the policyholder dual benefits of investment and insurance. In other words, a part of the premiums paid by the policyholder for ULIP plan is used for insurance purposes. The other part of the premium is used to invest in market-related schemes, such as stocks, bonds, shares, equity, etc. How much you want to invest totally depends on how much risk can you take. The performance of your investments directly depends on how they perform in the market.

This tax-saving investment plan offers the policyholder a lump sum tax deduction of upto Rs. 1.5 lakhs in one year under Section 80C of the Income Tax Act, 1961.

  1. Public Provident Fund (PPF)

Another one of the best tax saving investment plans is Public Provident Fund (PPF). This tax savings investment plan provides an ideal financial safety net for your family and you and ensures that you do not face any financial hassle in the coming years. It comes with a 15-year lock-in period but has the provision of partial withdrawal after the 7th year of the plan.

This tax-saving investment plan comes with ideal tax benefits for the policyholder. This plan offers a lump-sum amount of tax benefits up to Rs. 1.5 lakhs in one financial year under Section 80C of the Income Tax Act, 1961.

  1. National Pension Scheme (NPS)

National Pension Scheme is one of the best tax saving investment plans for retirement. This plan ensures that you have a peaceful and financially secure retirement. Moreover, it provides a regular income after the policyholder retires, ensuring that he or she can fulfil all his dreams without worrying about finances.

National Pension Scheme offers a tax benefit to the policyholder of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act, 1961 in one financial year.

  1. Sukanya Samriddhi Yojana (SSY)

The main aim of Sukanya Samriddhi Yojana is to provide financial security and a better future for the girl child. This ensures that even if the parent is not around to financially back her up, the girl child can fulfil her dreams without facing any financial constraints in the future.

The tax benefit under this tax savings investment plan is that it provides an amount up to Rs. 1.5 lakhs of tax benefits to the policyholder in one financial year under Section 80C of the Income Tax Act, 1961.

  1. Mutual Funds

ELSS (Equity-Linked Saving Scheme) Mutual Fund is a tax-saving investment policy that focuses on equity or stocks investment. The returns that the policyholder will get under this policy are dependent on how the investments perform in the market.

This tax savings investment offers tax benefits of up to Rs. 1.5 lakhs to the policyholder in one year under Section 80C of the Income Tax Act, 1961.

You now know 5 of the best tax saving investment plans in India. When you plan to invest in tax saving investment plans, make sure that you go for an insurance company that is trusted and leading.

read more

Can a current account have a nominee?

Let’s dive into the nitty-gritty of nomination and learn about it so you can take a wise decision about your nomination.

What is a nomination?

Nomination is nothing but a service that offers account holders a chance and an opportunity to appoint a person who can claim the account after the demise of the account holder. The most important part of the nomination facility is that if the account holder passes away, the bank can transfer all the proceedings and the money to the nominee without tedious applications like Succession Certificate, Administration letter, or court order.

Even if the nomination facility is not mandatory for account holders, it is highly recommended that people have a nominee for their account as it is the wisest thing to do. It is the easiest way to get rid of all the hassles of legal heirs in the settlement process in the event of the demise of the account holder.

Is having a nominee compulsory?

No, having a nominee is not compulsory for any type of account – savings or current. If you don’t want to nominate anyone in your accounts, then you can simply mention that you don’t want to nominate anyone.

But given how unpredictable life is, it is always recommended and advisable to have a nominee for your accounts. It makes settling claims, gaining the saved money, and other investments easy. Also, make a note of this, a nominee is nothing but a trustee of your assets and they can in no way whatsoever take away the rights of your legal heirs on your financial assets.

Who can nominate?

All the account holders can have a nominee. Whether it is a savings bank account or a current bank account, you can have a nominee.

A sole proprietor can select a nominee for the sole proprietorship account. If a savings bank account is opened for a minor, then the responsibility of selecting a nominee falls on a lawfully entitled person to choose on the minor’s behalf.

Please note that you cannot have multiple nominations for single or joint deposit accounts. You should always remember that there can only be one nominee in the case of bank accounts.

You can open current account online or offline. There are 4 types of current accounts – Proprietorship, Partnership, Private Limited and Public Limited Companies. In India, you get nomination facility only in Proprietorship current account.

When it comes to Mutual Funds & PPF, you can have multiple nominees. You get an option for appointing a specific nominee for an account. To put it simply, if you have different accounts like a savings bank account, recurring deposit, or fixed deposit in the same bank, then you can allocate different nominees for them.

The best part about the nomination is that you don’t have to only nominate from your family. The person you are nominating may or may not be related to you. They can be your relative, an acquaintance or even friends.

read more
1 2 3 4 5 10
Page 3 of 10