Salary Archive

How Payment Banks Work?

Payment banks are a new elementary version of banks conceptualised by the Reserve Bank of India (RBI). These banks almost provide every service and banking operations similar to other banks but the difference is they operate on smaller scale without involving any credit risk or can’t advance loans or issue credit cards. Payment banks can accept a restricted deposit, which is currently limited to ₹1 …

How Does PayPal Work?

Service based monetary transactions from abroad used to be a bit problematic about a decade ago. But now PayPal has made our lives easier. There are other alike services also, but PayPal is, past doubt, the most popular among them all. Peter Thiel’s PayPal is a package that lets national and international money transactions through internet. The entire system of PayPal is based on email …

Benefits of Recurring Deposit (RD)

An old Marwari, during his conversation regarding money habits, quotes “To generate new money, first you must have some money” and “only money can grow money”. The question that arises is how to get that money to invest and let it grow? This usually the young and risk seeking investors, who do want good returns. A product that does not require a large investment, but …

What to do When your Loan Goes Bad

What various lending websites want you to feel with the concept of loans is powerful, confident, matching up with the style of the world. What you should take this as “With power, comes great responsibility”. In this piece, we are going to discuss about the times when your loan goes bad. Nobody wishes for their finances to bad or even weaken down a little bit, …

Inconvenient Truth about Personal Loans

Look towards any fin-tech loan based website and mention us one that doesn’t offer personal loans attractively. These loans have been marketed as a solution to almost all financial need you have and do come with the tag of “instant approval” or “loaded with offers”. But is it really worth it to take a personal loan to meet immediate financial emergency? Is it that easy …

The Magic of Adarsh Credit Co operative Society

It is uncanny to know about a good Indian Financial Institution that is making constant progress and is still not getting massively popular among the urban masses. Adarsh Credit Co-operative Society, a NBFC based out of south Rajasthan and Gujarat is one such example. Originated from a small town named Sirohi, which still is quite less developed and is known to be one of the …