What are Basis Points or BPS, A Comprehensive Guide for Beginners in Finance
Basis Points (BPS) is a critical standard of unit in finance that represents one-hundredths of a percentage point (0.01%). It is one of the prudent…
What is the Debt-to-Income (DTI) Ratio, and how is it calculated?
A Debt-to-income ratio is a financial standard that gives a real-time comparison of an individual’s debt and his total monthly income. This ratio is calculated…
Antyodaya Anna Yojana (AAY) Ration Card 2025
Antyodaya Anna Yojana is a government-sponsored programme that was introduced by N Sri Vishnu with the idea of offering food at low prices, thus addressing…
Top 10 Chit Fund Schemes in India (2025)
Chit Funds are highly regarded in India as effective savings schemes known for yielding returns. Governed by the Chit Fund Act of 1982, these entities…
Statutory Liquidity Ratio (SLR) Explained: Meaning, Objectives
SLR stands for Statutory Liquidity Ratio, which refers to the minimum percentage of deposits that a commercial bank is required to keep in the form…
Can I get a Personal Loan if I have an Education Loan? — Explained
Can I get a loan for myself, even if I already have a loan for my education? Yes, it is possible to obtain a personal…
Types of Ration Cards in India
Ration Cards are an initiative by the Government of India that entitles families below the poverty line to receive food grains at subsidised prices. The…
How to increase CIBIL/Credit Score?
The CIBIL report is a record of your borrowing behaviour that influences your CIBIL score. A score of 750 or higher unlocks better loan terms,…
Personal Loan vs Credit Card: Which is the Right Choice for You
A personal loan is a lump-sum financial product that is typically unsecured, providing individuals with funds for specific needs like debt consolidation. Repayment occurs in…