Promissory Notes Covered under the Negotiable Instrument Act, a promissory note offers a legal value to any transactional contract. It comprises two parties namely, the borrower and the payee, and the former agrees to pay a certain sum of money…
Have you encountered an error on your CIBIL credit report? Are you facing issues with your credit score? Don’t worry! CIBIL offers a multi-tiered approach to address your concerns. This guide will equip you with the knowledge to navigate CIBIL’s…
Income tax slabs are announced by the Finance Minister in the annual budget. These income tax slabs are crucial for taxpayers as it helps to calculate the total tax that an individual has to pay for a fiscal year. As…
In India, White Ration Cards, also known as D cards, are designated for citizens falling above the poverty threshold. These cards are allocated to individuals whose earnings are below ₹11,000 or families with an annual income exceeding ₹1 lakh. Eligibility…
The Cash Reserve Ratio (CRR) and the Statutory Liquidity Ratio (SLR) are like tools in a central bank’s toolbox, used to keep the banking system in check and help manage the country’s money matters. While both are aimed at keeping…
As Holi, the vibrant festival of colours and joy, arrives, PayMe is here to help you celebrate with loved ones and create unforgettable memories. We understand the deep meaning behind Holi – the triumph of good over evil, the beginning…
The CIBIL score, a numerical value ranging from 300 to 900, serves as an indicator of your credit reliability. This score is pivotal for financial institutions when evaluating personal loan applications. A higher score suggests a commendable credit track record,…
A credit card is a plastic card issued by a financial institution, such as a bank or credit union, allowing the cardholder to borrow funds up to a predetermined credit limit. One can use credit cards to make purchases, pay…
CRR stands for Cash Reserve Ratio, and it is the percentage of total deposits in a bank that have to be kept in cash to operate risk-free. The RBI decides the CRR, and it is the amount of funds that…
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