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The Festive season of 3 months is the time where most of the holiday comes and we enjoy the most. when it comes to the holiday seasons comes a slight breeze of coolness can be experienced. It is the most enjoyable moments of the year. With this enjoyment, there are different events organized like mela, Gurga pooja pandal etc. and every religion cast and culture come together and become one. An unity can be felt in the air and a sense of togetherness in the heart of people. Many institutions provide a holiday for the people working, Studying etc. like Bank Holiday , School Holiday, Government Holiday. Along with holidays, you can get to buy new clothes and shopping is the prime activity that can be noticed in this season. List of Festivals in October to December Mahatma Gandhi’s Birthday Durga Puja (Astami) Ayutha Pooja/Durga Puja (Nabami)/Dussehra Dussehra/Durga Puja (Dasami) Diwali/Kali Puja Diwali (Laxmi Pujan) Milad-un-Nabi Guru Nanak’s Birthday Christmas Day Sh

What is Loan? A loan is a certain amount of money borrowed from the lender with a contract of returning it with paying principle as well as the interest amount. The interest amount or interest percentage is calculated prior and is fixed throughout the tenure. The payment of the loan is done in a periodic format meaning on monthly bases and this amount consists of principle and the interest. As the duration of loan payment increases the principle from the amount you pay on monthly bases increases and the interest rate decreases. however, it does not mean that the interest rate from the loan amount decreases, the interest rate of the amount will be constant throughout the loan tenure. What is a Credit Score? Credit Score is a three digit number that decides whether you will get a loan or not. It describes your credit history and how trustworthy are you to repay your loan debt. The Credit score ranges from 300 to 900 and higher the number the more amount of loan can be passed b

Payment Banks is a new system of the bank that is similar to the traditional banking system but is different in many ways. This type of banks provides their own wallet where the money is stored and the wallet holder does all the transactions from the payment wallet. The payment banks cannot provide loans/ credit card to the customer and only wallet payment or digital debit card is allowed also there is a limitation of maximum Rs.1, 00,000 that can be deposited. Why Payments Bank? In the year 2014 RBI introduced a new model of the banking system by surveying the needs and requirement of the market. This survey is headed by Mr. Nachiket Mor with a team of a financial advisor. The reason for this introduction of the new banking system is- ·          To introduce low pay grade working class people into the financial system. ·          To embrace the digital method of payment ·          To promote digital India ·          To reduce income tax theft List of Payments Banks