Home décor refers to the art and practice of enhancing and furnishing a residential space to improve its comfort, visual appeal, and alignment with the homeowner’s personal preferences and style. It involves the thoughtful selection of colors, textures, patterns, furniture, lighting, wall décor, and accessories, all aimed at elevating both the ambiance and functionality of…
A contactless debit card, also known as a chip card with an embedded radio frequency antenna, uses Near Field Communication (NFC) technology to enable secure transactions by simply tapping the card near a contactless reader. Instead of swiping or dipping the card, a customer can make payments by simply waving or tapping it on a…
A home improvement loan is a financial product specifically designed to fund renovations, repairs, or upgrades to an existing residential property. Unlike a traditional home loan, which is used to purchase a property, a home improvement loan is intended solely for enhancing or modifying the structure of a home that is already owned. Key Features…
Edited and re-posted on 03.05.2025.: Prepaid cards also known as virtual cards. They are issued by the banks and non-bank entities against the value paid in advance by the cardholder. As per RBI’s circular dated May 19, 2021, it shall be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-compliant PPIs) interoperability…
Debit cards are issued by banks by linking it to inddividual custmers like SB/Current account holders,(in case of properietory concerns of Current Account/Cash Credit account,card will be issued in the name of the proprietor). The debit cards are akin to credit cards; the only difference is that the debit card holders do not enjoy credit…
The scheme provides comprehensive support to rural households for the construction of permanent houses, alongside convergence with other government schemes for basic amenities such as sanitation, clean fuel, and employment. Key benefits include: Eligibility Criteria Beneficiaries are selected using the “Housing Deprivation Parameters” from the Socio-Economic and Caste Census (SECC), further validated by the Gram…
The Pradhan Mantri Awas Yojana (PMAY) comprises two distinct components: PMAY-Urban (PMAY-U) and PMAY-Gramin (PMAY-G), each aimed at providing affordable housing to different segments of the population. PMAY-U focuses on urban areas and seeks to offer housing solutions to Economically Weaker Sections (EWS), Low-Income Groups (LIG), and Middle-Income Groups (MIG) residing in statutory towns. In…
Banks are issuing credit cards to their customers as well as to general public. The bank on receipt of application from individuals for credit cards, process the same and decides about issuing the cards and fixing credit limit on the basis of the creditworthiness of the customers.The credit cards are issued in the form of…
Students who belong to minority communities’ viz. Muslims, Christians, Sikhs, Buddhists, Jains, and Parsis are eligible for a 100% interest subsidy on education loans. This assistance is available to students who have secured admission to foreign Universities to pursue higher studies (i.e Post-Graduate Diploma, Masters, M.Phil, and Ph.D. level) and whose overall family income is…
(This article envisions what are the title deeds of a property, how to examine them, and how to find out if the construction is legal and authorized, etc.) Identifying a property for purchase is not just about the price of the property, locality, or amenities like a gym, club swimming pool, etc. Along with identifying…
