22k jewelers

Rules for withdrawing money through credit card ATMs have been published. Do not withdraw money from credit card from ATM. It is said to cause great loss. Credit card What happens if you withdraw money from an ATM with a credit card When they run out of cash at the end of the month, or have a sudden need for cash, people often turn to their credit cards when they have no other option. Banks don't just give you credit on cards, now just like debit cards, credit cards also have a cash advance facility. Credit Card, You can withdraw money from a credit card by going to an ATM just like you can withdraw money from a debit card, but if you're worried about your credit score, read on first. Your credit score depends on many factors. In simple words, withdrawing money from an ATM with a credit card will not cause your credit score to drop. But it can definitely cause the score to drop. I mean, it doesn't have a direct impact, but some things happen, causing your...

There is no limit on how much you can spend on a credit card in a financial year. They can spend as per the credit limit offered by the credit card companies to their customers. However, spending beyond the credit limit will incur interest and charges. credit card risk. What happens if I spend more than my credit limit? In India, the credit limit offered by credit card companies to their customers ranges from ₹2 lakh to ₹5 lakh. However, some companies also offer credit limits of ₹10 lakh or more to their customers. While spending through credit card, it is better to spend according to their financial status. Spending beyond the credit limit will attract interest and charges, which can lead to financial hardship. Here are some things to keep in mind while spending with ...

Is it advisable to use a credit card to buy gold jewelry, For Indian families, buying gold jewelry is both an emotional and economic affair. The price of gold. In the meantime, buying jewelry for investment purposes is gaining importance. Credit card use jewellery purchase Many people buy gold jewelry through credit cards. Using a credit card to buy jewelry is easy and is considered to have various advantages. However, it is important to know the advantages and disadvantages of using a card to buy gold jewelry. Simple convenience: Buying jewelry through a credit card is convenient. Moreover, you can get additional benefits like cashback and reward points in this regard. Some banks also offer special offers in collaboration with jewelry companies. These features can be advantageous. Caution required: However, before buying jewelry through a card A caution is required. The appropriate amount must be paid within the interest-free period. Otherwise, the interest rate on the card usage ...

Axis Bank has announced a number of changes to its Magnus credit card, effective September 1, 2023. These changes include:Increased annual fee: The annual fee for the Magnus credit card will be increased from Rs. 10,000 to Rs. 12,500. Axis Bank's Magnus Changes credit card New rules for Axis Bank Magnus credit card Changes to reward points: The number of reward points earned per Rs. 200 spent will be reduced from 12 to 10 for the first Rs. 1.5 lakh spent in a year. Beyond this threshold, the number of reward points earned will be increased to 35 per Rs. 200 spent. Changes to the annual benefit voucher: The annual benefit voucher worth Rs. 10,000 will be discontinued. Changes to the fee waiver criteria: The fee waiver criteria for the Magnus credit card will be changed. New customers will need to spend Rs. 25 lakh in the preceding card anniversary year to qualify for a fee waiver, while existing customers will need to spend Rs. 1...

New Norms on Card Utilization RBI has issued new norms regarding utilization of credit cards in excess of the permitted credit limit. credit card What are the new rules for credit card The RBI has said that the consent of the beneficiary is required to allow the use of additional amount beyond the credit limit in the card usage. This protocol has been introduced to avoid fraud in card usage. It has also been informed that customers should be given the facility to disable or enable the feature of using the amount beyond the credit limit. Therefore, card companies cannot allow usage beyond the credit limit without the customer's permission and cannot impose a penalty. Similarly, users' approval is required to issue new cards. However, if a new card is issued without the card being claimed, it must be returned within one week if the customer keeps it unactivated. Similarly, the Reserve Bank has said that the facility of choosing card distribution companies should...

A few credit cards offer a variety of benefits, and the cashback offers that we get when we make purchases through the card sometimes come in handy. Cashback based on points or set as cash. By effectively handling this offer, you can get extra benefit in using the card. Especially since there are different types of credit cards and the cashback benefits offered by them also vary, it is important to use them properly. credit card Choose the right card Cashback type that suits your spending habits: Choose the card that offers the most cashback on your spending like travel, dining, shopping etc. Annual Fee: Cards that offer high cashback may have an annual fee. Evaluate your spending levels and choose a card that offers more cashback than the annual fee. Transaction fees: Some cards may charge fees for withdrawals and foreign transactions. Be aware of these charges. Use the card correctly Take advantage of high cashback offers: Many cards offer high cashback at certain stores...

Stricter rules come into force A few new rules for cash-related, financial transactions come into effect from December 1. Here's a look at which rules have changed. New rule India December 2023 New rules related to finance implemented in December 2023 New Timeline for IPOs SEBI has introduced a new IPO timeline. According to the new timeline, companies filing for an IPO will have to sell shares within 30 days. Earlier, companies registering an IPO had to sell shares within 60 days. Credit Card Launch Access HDFC Bank has introduced a new offer on Regalya Credit Card. Those who spend more than Rs 1 lakh in a quarter can get two launch accesses for free. Earlier, spenders above Rs 1 lakh could get only one launch access for free. Aadhaar Card Update The deadline for free transfer of details in Aadhaar card has been extended till 31 December 2023. Before this, Aadhaar card details can be changed free of charge ti...

You must be aware of the important factor in determining creditworthiness. When applying for including credit score, credit score plays an important part "generally emphasize having a strong credit score.    Credit mix that affects the credit score How does credit mix affect your credit score Common activities to improve credit score are also widely emphasized. An analysis of the credit mix is ​​one of the various factors that play an important role in determining credit score. Loan mix: There are many types of loans like home loan, car loan, education loan, personal loan, credit card loan. Isn't it? A person's credit report includes multiple types of credit, which is called credit mix. Credit Impact: Generally having multiple types of credit is viewed favorably in the credit worthiness score. This is because managing multiple loans is considered the ability to handle multiple loans. This can affect the credit rating. New Credit: Although having multiple ...

Five Investment Mistakes You Should Avoid, It is important to build wealth and invest wisely. Choosing suitable financial instruments, deciding the investment period are things to think about while deciding the investment strategy. Attention should also be paid to the risk aspect. Strategies should also be adopted to maximize return on investment. Along with seeking the right path, avoid common mistakes in investing. Investment plan Here are five major mistakes investors should avoid. DIRECT INVESTMENT EQUITY INVESTMENT: Highly profitable. But. It is a mistake to engage in direct equity investment without sufficient experience. Direct investment should only be resorted to if you have the ability to thoroughly research and buy a stock and have the ability to monitor its performance regularly. Expansion Strategy: Mutual funds are the best option for retail investors to invest in stocks. In any investment, expansion is emphasized. However, over-expansion should be avoided. It...

youngsters in India tend to take personal loans more than older generations. This is due to a number of factors, including, Personal loan risk  Youth Seeking Personal Loans The study revealed that Indians are applying for credit card facility and personal loan facility at an early age, with more than 50 percent applying for their first personal loan facility before the age of 30. Financial services firm Baisabazaar conducted a nationwide survey on borrowing habits. Many of the Indians in this study had three credit accounts in their late 20s. The average age of a first credit card user is 28. The average age of first personal loan and consumer loan borrowers is 29. At the same time, the average age of home loan borrowers is 33. Among first-time home loan borrowers, 45 percent have an average age of 30 to 40. Bengaluru ranks first among the healthiest cities in India in terms of credit. This credit health is determined on a credit score scale. Increased access to cre...

The tax department is monitoring high-value cash transactions. At the same time, it is also monitoring digital transactions. It uses modern techniques to find out the relationship between income and expenses.   Income tax What types of transactions are monitored? Apart from bank statements, it also examines many data including real estate transactions and travel documents. When expenses are not matched with income, it sends notices and conducts investigations. The Income Tax Department can look at important cash transactions that may attract attention. Savings Account: The Income Tax Department takes note of depositing large amounts of cash in bank savings accounts. If you deposit more than Rs 10 lakh in a savings account in a total year, the Income Tax Department may investigate. Action will be taken if there is no proper evidence. Deposit Funds: You should be careful while investing cash in banks. If you deposit more than Rs 10 lakh in cash in a total year, the Income Tax Depart...

Reserve Bank of India's (RBI) recent tightening of norms for personal loans and consumer loans is likely to increase interest rates for these types of loans.  RBI action, interest rate increasing. Is there any chance of increasing interest rate? This is because the RBI has increased the risk weights for these loans, which means that banks will have to set aside more capital to cover them. This will make it more expensive for banks to offer these loans, and they will likely pass this cost on to borrowers in the form of higher interest rates. The RBI's decision to tighten norms was driven by concerns about the rapid growth of unsecured consumer loans, which have been growing at a much faster pace than other types of loans. The RBI is worried that this rapid growth could lead to a...

RBI's strict action is increasing. After recently taking action against 'Paytm Payments' bank, now it is going to take strict action against companies issuing corporate cards or business cards. New Regulation for Fintech Firms As a result, fintech companies are in a quandary about their position. RBI has directed Visa and MasterCard to stop accepting payments through commercial cards. According to industry sources, the Reserve Bank has taken this step to stop card payments to merchants who do not comply with KYC rules. Following RBI's intimation, Visa, MasterCard companies, KYCs have temporarily suspended their services to all non-compliant merchants and business outlets. However, for this announcement to come Visa said that any pre-authorized transaction will be processed as per existing procedures. Although the reasons for this action are not clear, it is said that the RBI has taken this decision with the aim of avoiding card payments to merchants who do...

289 co-operative societies, including tea and coir, are functioning under the Industrial and Commercial Commissioner under the Small, Small and Medium Enterprises Department of the Tamil Nadu Government. Thaigo bank Full details on Thaigo Bank Loan Scheme for Small Enterprises in Tamil Nadu Tamil Nadu Industrial Co-operative Bank provides loans to these societies for starting new business and working capital expenses. Thaico Bank offers a Rs 40 lakh loan scheme for small enterprises to help them meet their working capital needs and expand their businesses. The scheme is designed to provide affordable financing to small businesses that are struggling to access traditional bank loans.   It currently provides loans to individuals, MSMEs and government employees. It has a special focus on lending to small, micro and medium enterprises. In this regard, an official...