Why is it important to plan the division of an estate in detail? -Name witheld Assessing assets and liabilities A comprehensive estate plan enables the efficient distribution of wealth. By clearly defining how assets will be allocated, individuals can prevent disputes among beneficiaries and ensure their wishes are honored. Read this | A basic will … Read more
With more and more Indians turning to personal loans to bridge their financial shortcomings, there is a need to clearly understand the costs incurred while opting for these personal loan products. While can prove to be of invaluable help during a time of need, these often come with certain complicated fees that collectively make the … Read more
Have you recently received a lumpsum payment in the form of an annual bonus from the employer, variable pay, maturity amount from an investment, etc? Are you thinking of using it to close your personal loan? In this article, we will discuss what personal loan pre-closure is, its types, its benefits, and what factors you … Read more
The government is contemplating rolling out a system to route and settle interest subsidies on education loans through digital currency wallets, Economic Times reported quoting bank executives aware of this. A system is being worked out to integrate the Central Bank Digital Currency (CBDC)-based subsidy system with the Unified Portal for Education Loan, one of the executives … Read more
When preparing children for life, financial literacy is often neglected, though it plays a crucial role in shaping their future success and well-being. Instilling financial knowledge and responsibilities from an early age fosters independence, confidence and resilience. Parents, as primary influencers, have a profound impact on their children’s financial attitudes. However, it is essential to … Read more