Ashavmedh Singh

Imagine you are at a roadside tea stall, looking for change to pay. The vendor points to a small QR code kept near the counter. You scan it, tap Pay, and the transaction is completed.

That hassle-free, quick payment you completed is a mobile payment. 

Last week, Neha mentioned something she had almost forgotten about. Her loan EMI went through on time again, without any reminders or follow-ups. The payment happened quietly in the background, exactly as it does every month.

Around the same time, her friend Rohit faced a very different moment. He missed an insurance payment and realised it only after a penalty appeared. The payment slipped his mind completely, even though he uses online banking every day.

Did you know why interest rates change? It usually happens due to two key tools RBI uses- the repo rate and the reverse repo rate. These rates serve as the deciding factor for how much banks lend, how expensive loans become, and how money moves through the economy.

A personal loan isn’t just quick cash; it’s financial breathing space. It is one of the most flexible forms of credit available today. It’s unsecured and easy to get. No collateral, no long queues. Plus, with the rise of digital platforms, applying for a personal loan in India is as easy as ABC!
Most importantly, it is truly multipurpose and versatile. You can use the funds for any of your needs. The personal loan uses vary depending on your needs, whether it’s a hospital bill, a dream wedding, or home repairs. Let’s revisit a few common ones.
 

Quick Loan and Express Loan sound the same, right? Many people even use them interchangeably when talking about fast money solutions. 
But the only thing identical between the two is that they offer swift access to funds. In reality, they differ in how fast they work, the loan amount, and the overall process. We break down what each term really means.
So, hang tight as we go from quick loan definition to differences between quick loan and express loan to when to choose what.
 

Is a loan still getting reflected on your PAN card even after full repayment? Or you haven't applied for one, but it's still reflecting?
This doesn't mean that you still have to make the payment, but it affects your credit score and future loan applications. Lenders might reject your loan or charge higher interest rates.
To avoid this, you should regularly check your loan details on your PAN card. This helps you raise an issue in a timely manner and avoid fraud and errors.
Let's find out how you can check loan details on your PAN card and the steps to keep the details updated.
 

Loan defaults don’t all happen for the same reason. Sometimes repayments stop because income drops or a business struggles. In other cases, borrowers continue to have the means to pay but choose not to. RBI treats these two situations very differently. 
'Wilful defaulter' is used only for deliberate non-payment, and the classification tends to persist for some time.
 

Have you ever paid someone via UPI, but the receiver didn't get the money? Or has someone ever said they paid you via UPI, but it didn’t reflect in your bank statement? Yes, these are some common UPI scam techniques these days.
The UPI payment system is doing better than ever, with its transaction failure rate below 1%. Yet, some users fall prey to such purported UPI issues due to a lack of awareness. 
Here’s the thing: A UPI app has everything one needs, not just to send and receive money but to keep themselves protected against fraud. Let's discuss one such element, the UPI reference number, and explain how you can use it to dodge scams.
 

Sometimes it can be difficult to understand how banks handle your money, particularly when you come across extremely technical terminology like Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR).