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FINANCE TIP OF THE DAY
Can you afford your loan?!
Know the quantity of loan you can afford. The banks may sanction loan based on your income but you should look at your monthly expenditure and see if you can afford the maximum that banks offer. As a thumb rule, remember not to let your credit exceed 40% of your income!
Search Results for: how to know CVV of axis bank debit card
Prevent credit card fraud!
Whenever you use your card, always ensure that the transaction is completed in front of you and that no details are written down by the merchant. Do not provide photocopies of both sides of the credit card to anyone. The card verification value (CVV) which is required for online transactions is printed on the reverse of the card. Anyone can use the card for online purchases if the information is available with them. Sameer (name changed), is a…
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Axis Bank
e product name Power Home, while Axis personal loans is called Personal Power, Axis loan against assets is called Asset Power and Axis car loans is called Power Drive! Axis Milestones Mar-08 Axis Bank launches Platinum Credit Card, India’s first EMV chip based card Dec-07 Axis Bank gets AAA National Long-Term Rating from Fitch Ratings Sept-07 Axis Bank ties up with Banque Privée Edmond de Rothschild Europe for Wealth Management July-07 UTI…
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Debit or credit card? Which is right for you?
will ensure your loan application will be processed smoothly. Hence it is very essential for you to maintain a high credit score. Today we live in a plastic age, due to convenience offered by plastic money. Credit and debit cards have gained popularity as they offer us the convenience of eliminating the need to carry cash. However both these cards have their own features, advantages and disadvantages. Pros and cons of debit card: A debit ca…
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Cherry-picking your SB a/c for benefits!
bank account requires maintaining stipulated balance as per bank’s norms. Such balance is called average quarterly balance (AQB) or minimum average balance (MAB) etc. Banks also offer anytime liquidity through debit/ATM cards, online banking, At Par Cheques, Mobile banking, phone banking, bill payment facility, DEMAT services, investment in Mutual funds, insurance, etc. and charges for such services according to its norms. The charges and o…
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Posted in Budget & Savings, How To, Money management, Savings, creating wealth
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Does Security call for a Separate Debit Card and ATM card?
These days with fraudulent transactions on the rise, there are quite a lot of chances for the information of your debit or credit card to get compromised. In the normal course, banks are familiar with the spending patterns of their customers. Thus, when they notice any abnormal purchasing behavior where many big value purchases have been made within a span of few hours, banks immediately contact their customer and verify if all the purchases hav…
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Protect yourself from credit card frauds!
Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing or copying this data extremely difficult. So, the chance of data being misused while swiping the card is very remote. It is the highest level of security that credit card companies can offer a…
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All about pre-paid gift cards!
Gifting to your loved ones is an essential part of Indian culture and is special. However, it often leaves many of you hassled as you are unable to come up with appropriate gifting ideas. For all those of you who face a tough time in choosing gifts, a pre-paid gift card is an excellent option. Read on to understand more about pre-paid gift cards. What is a pre-paid gift card? The pre-paid gift card is a smart gifting solution which essentially …
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Credit card checklist!
As the features offered by each credit card varies, it is essential for you to understand which features will benefit you a lot. If you are shopping regularly at a particular store, go for a credit card that offers your reward points or cash back or discount when you shop at that store. Don’t select a card that offers you free air miles on usage, if you are not a regular flier. Today it is difficult to come across a person who doesn̵…
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Axis bank – A review of year 2009
The bank’s loan disbursement grew by 18% year-on-year, from Rs.68,853 crores as on 30th Sep’08 to Rs.81,044 crores as on 30th Sep’09, while investments rose to Rs.52,072 crores from Rs.37,998 crores, over the same period, a growth of 37% year-on-year . The net interest income rose to Rs.1,150 crores during quarter ending September 2009 from Rs.913 crores during quarter ending September 2008, a growth of 26% year-on-year . Axis …
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You can’t be too careful with your credit card!
Closer to home, an 18-year-old IIT student posed as a bank executive, got credit card details from customers, and then used the data to book air tickets and buy laptops. He tied up with a travel agent to cancel the tickets and share the returns, while he sold the laptops across the country at a discount. He scammed 25 cardholders of a whopping 6.5 lakhs in less than six months! Can you imagine your life without a credit card, or two? Whether i…
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