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Why you need to save money? Specially NOW during Covid-19 pandemic!

Yes, that's right. It is time for you to think and decide wisely. Time to save more money and spend less. The present pandemic of covid-19 hit us hard in every aspect of life. In the coming days we will be facing a number of problems, even to earn for our own livelihood, it will be difficult.
State and central government has been spending lots of fund to protect and fight against the pandemic. If it goes on like this for a couple of more months or for a year, it imposes a serious threat to all of our existence.
You must have heard about the global issue related to this. Many people who earn their livelihood on daily work permit has lost their jobs. 
So, now is the right time for you to consider about your expenses and become a little concern about it. 
Spend on things which is absolutely required and stay away from things which is not required at all. Being thrifty will help you in the long run. 
Let's dive in and see how can we save money considering the present situation. As far …
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How to reset your login password of State Bank of India (SBI) Internet Banking (INB)?

So, you already know how to reset your Internet Banking password of State Bank of India? Or are you having difficulties executing the process. Actually, it is very simple and believe me, you can do it on your own, provided you follow few simple steps. In this article I'm gonna tell you how to do that. Sometime, it look very difficult specially when you are dealing with it for the first time. I will cover how to register YONO or INB of SBI on my next blog. But this one is specially meant for resetting password of your INB password.
So, here is the thing. First of all you should remember your user ID in order to reset your password. If you are having trouble remembering it here is the process to recover your user ID  First caseGo to https://onlinesbi.com and click the log in menu. You'll see 3 boxes given for logging in. One for user ID, second for password and last one is for Capcha. Just on the right side of it, you'll find the link for forgot login password. Click on to that l…

How to manage your Account Password- Banking transaction

Password a trendy word of today's world. Password is what protects us from losing our personal data. Starting from smartphone to everything around us almost everything is password protected. As such, it becomes an integral part of our lives to maintain a strong password of every account or every ID we have, to safeguard our personal data. So, how many passwords do you owned? And how do you manage it? For me, I am having around 15 passwords and it is pretty difficult to remember all of it. Sometime I use a random alphanumeric and sometime I made very difficult to guess by someone.

Let's discuss on how to manage your account password specially for banking purposes.
I use password manager to keep my all password secured. Depend on the type of accounts I normally keep my password. Say for example, for my work official password which is link to my employee ID, I make my password damn difficult to guess by someone. Even I forget sometime, lol. But I keep changing my password every now an…

Sukanya Samridhi Yojana- A government saving scheme for girl child

Sukanya samridhi yojana also known to be sukanya samridhi account scheme, 2019 an initiative of Ministry of finance under Central Government for girl child whose age is below 10 years. The scheme promotes the welfare of girl child. This account matures in 21 years from the date of opening of account or on the marriage of account holder whichever is earlier. From time to time, rate of interest changes just like public provident fund. The effective rate of interest is notified time to time by the Government. It is compounded annually and credited to the account. Prevailing rate of interest is 8.4% per annum with effect from 1st October 2019. You can also transfer your account anywhere in India from one post office or banks to another. The balance amount as well as the accrued interest is totally exempted from tax as per section 80C of the Income Tax Act, 1961 What is sukanya samridhi yojana?Sukanya Samridhi yojana is a scheme of Government of India launched in 12th of December 2019. Basical…

Recurring deposits- Save money for future use!

I guess most of you must have heard and know about recurring deposits. This article is specially for those who has lesser knowledge about recurring deposits. Its available in all the banking system in our country. From nationalized bank such as SBI, Vijaya bank to private limited banks such as ICICI, HDFC and also at post office. 
So, what is recurring deposits? And how do you open recurring deposit accounts in the bank? Recurring deposit is a deposit account where subscription of fund can be done at regular interval of time normally monthly. Actually, this kind of bank product helps to inculcate the habit of saving money for the future use and its very effective as it does not require a large sum of money to save. All you need is to save only few amounts from your earnings every month. You can save higher amount too if you would like. The tenor of deposits is from 12 months to 10 years. It is an interest bearing account and its interest rate is same as that of term deposit interest rate…

Business Current Accounts- what you need to know!

We have already discussed about Saving bank account, let us discuss about current account available in the Indian banking system. We will talk about various banks in India and their current account products. So, before we jump into that let's brush up our mind. What is current account? I guess, everyone has heard about it and most us knows what it is. For those who has less ideas about current account, you are in the right place to learn what current account is meant for and how it is used in business transaction. So, here it is Current account is a type of account meant for business transactions, where you would require inducing lots of transaction daily, monthly or whichever your business requires. You can do any amount and any number of transaction. Unlike savings account, there is no transaction limit on current account. Normally, current account is an interest free account, means you will not earn interest out of balance you keep in your account. You have to maintain certain spe…