It is compulsory to open a current account for startups in India?

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Starting a new business is an exciting time for entrepreneurs, but it also comes with many important decisions that need to be made. One of those decisions is whether to open a current account for the startup. In India, there is no legal requirement for startups to open a current account, but there are many…

Why are senior citizens FD (fixed deposit) rates higher?

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Mr. Santosh had always been a prudent man when it came to his finances. He had worked hard for years as a sales officer in a multinational corporation and had saved up a good amount of money for his retirement. Now that he was retired, he was looking for ways to grow his savings while…

What are the Documents Required for Personal Loan?

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A personal loan is a type of loan that is typically unsecured, meaning it doesn’t require collateral such as a house or car. Instead, it’s based on your creditworthiness and ability to repay the loan. Personal loans can be used for a variety of purposes, such as paying off credit card debt, financing a home…

How to manage your personal finances and grow your wealth?

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Managing personal finances efficiently is crucial for a secure and comfortable life. Effective management of personal finances helps individuals to understand their financial position, plan for the future, and achieve their financial goals. It involves keeping track of income, expenses, debts, savings, and investments. By budgeting wisely, avoiding unnecessary expenses, and saving for emergencies and…

Your Guide to Rent Payment through Credit Card

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Rent payment is one of the biggest expenses for most people, and it can be challenging to manage with all the other bills that need to be paid every month. Rent payment through credit card can help you manage your finances more efficiently and even earn rewards or cashback. However, there are some factors that…