Credit card is a kind of payment card issued to people that enables them to make payments to the merchants for the goods and services. There are various types of credit cards available in India for different uses and transactions.
Read about best investment strategy that gives regular monthly income to take care of monthly expenses. Investing for monthly income is necessary to take care of extra expenses.
Debt funds are mutual funds that invest in fixed income securities such as treasury bills, bonds, government securities, corporate bonds, commercial bills and other money market instruments. In layman terms, when a company issuing debt instruments wants to raise money, it borrows from the investor. As against which they provide a regular and a steady interest.
Equity mutual funds basically are ones which primarily invests in stocks. He basically invests in a basket of stocks and can get benefit of the bunch of stocks and diversify his investment rather than buying a single individual stock and having a concentrated approach. These equity funds invest directly into stocks and give highest rate of return but the risk involved is also higher.
Now- a- days investing is very important as savings alone does not fulfil our financial goals and beat inflation. There are many investment options available in the market including online stock investment option and you can select them according to your convenience and need.
Mutual fund is a pool of money managed by a trust that collects money from a number of investors sharing similar investment objectives and invests the same in equities, bonds, money market instruments, and/or other securities.
RBI has designed various quantitative and qualitative Monetary Policy Tools to Regulate the Banking System in India to control inflation or increase cost of funds etc.
Insurance that does not come under the ambit of Life insurance is called General Insurance. It is a common term used for all other insurance plans except life insurance that are instrumental in safeguarding your valuables against theft, fire, natural disasters, accidents, etc.
In India the banking system has been divided into different groups. Each group has its own advantages and limitations in its working. They have their specific market. Some cater to the rural sector while others in both urban as well as rural. Many of them are only providing services in major cities and towns.
Regular health insurance plans cover upto a year whereas a long – term health insurance plan tends to extend its cover for 2 to 3 years.
