Author: Nisha Chawla

Bank of Baroda (BOB), one of India’s leading public sector banks, has opened recruitment for 2500 posts of Local Bank Officers (LBOs) across various states. This is a golden chance for graduates and professionals aiming for a banking career with one of the largest banking networks in the country. The bank started the online application process from July 4, 2025, and interested candidates can apply till July 24, 2025. Eligible candidates must visit the official website bankofbaroda.in to complete their registration. Who Can Apply for BOB LBO Recruitment 2025? BOB is inviting graduates from any stream to apply. However, the…

In a major step towards digital banking and customer convenience, Punjab National Bank (PNB) has launched a new feature on its mobile banking app ‘PNB One’. Now, parents can open a Sukanya Samriddhi Yojana (SSY) account for their daughters from the comfort of their homes, without visiting a bank branch. This move comes as a big relief for those who want to secure their daughter’s future financially and are looking for a hassle-free, digital method to do so. What is Sukanya Samriddhi Yojana (SSY)? Sukanya Samriddhi Yojana is one of the most popular government-backed savings schemes, aimed at supporting the…

A personal loan can help pay for a wedding, an emergency, a home renovation, or even a dream holiday. You don’t need to pledge anything, but it’s important to make wise choices. Here are 9 key points to keep in mind before taking one, so your loan stays a help, not a hassle. 1. Borrow Only When You Must A personal loan is a long-term commitment with monthly EMIs. Ask yourself: Can you manage the EMIs easily? If not, your budget and credit score can suffer down the line. 2. Know the Total Loan Cost Interest rate matters, but so…

Have you ever been pushed by your bank to buy an insurance policy or investment plan you didn’t even need? If yes, you’re not alone. Mis-selling has become a growing problem in India’s banking system. Banks are under pressure to boost their income by selling insurance and mutual fund products, often without fully explaining the risks or suitability to customers. Now, the Reserve Bank of India (RBI) is stepping in. It plans to issue new guidelines to stop this rising problem that hurts both customers and the banking system’s reputation. What Is Mis-selling and Why It’s Dangerous for You Mis-selling…

It’s appraisal season, and many professionals are seeing a welcome rise in their salaries. While it’s great for savings and lifestyle, a common question arises: Does a salary hike improve your credit score? The answer is not as straightforward as you might think. While a higher salary does not directly increase your score, it can indirectly help if you manage your finances wisely. Let’s break down how this works and how you can turn your salary hike into a chance to boost your financial health. Understanding Credit Score First Your credit score, also known as CIBIL score, is a three-digit…

In today’s world, your credit score decides whether a bank or lender will give you a loan or not. From personal loans to home loans, your score plays a major role in your approval chances and even the interest rate you’ll get. While many people have heard about the CIBIL score, few truly understand how it works. And because of that, many fall for myths that end up damaging their score. A small mistake or a misunderstanding can make you ineligible for a loan. Even if your salary is high, lenders may still reject your application if your credit score…

Taking a personal loan is quick and easy today. You fill out a form, submit a few documents, and the money reaches your account. But the real challenge begins after that, when the EMIs start eating into your salary. The high interest rate, which often ranges from 12% to 24%, makes it even more difficult to repay. In some cases, people end up taking more loans to pay off earlier ones, falling into a cycle known as a debt trap. If you’re facing the same stress and feel stuck, there’s good news. With a few changes in your financial habits…

The Reserve Bank of India (RBI) has slashed the repo rate by 50 basis points (bps), bringing it down to 5.50% as announced on 6 June 2025. This move brings a wave of relief for home loan borrowers across India, especially those repaying long-term loans. While this decision directly affects banks, it also helps individual borrowers, as it lowers their interest burden. Let’s break down what this decision means for your monthly EMIs and how much money you can save, especially if you have a home loan of Rs. 30 lakh. Understanding the RBI Repo Rate and Its Impact on…

Loans like home, personal, gold or auto loans are helpful in times of need. But they also bring the responsibility of paying EMIs on time. A delay or failure in repayment is known as a loan default. While many people fear that missing EMIs may lead to jail, the reality under Indian law is quite different. Let’s understand in simple terms what loan default means, what its consequences are, and whether not repaying can result in jail. Understanding Loan Default in Simple Words When a person fails to pay EMIs (Equated Monthly Installments) for a loan regularly, the bank or…

In India, buying a house with a home loan has become common. Banks offer a variety of loans, including home loans, car loans, and personal loans. Among them, the home loan is the most popular. When you apply for a home loan, banks usually offer you either a fixed interest rate or a floating interest rate. But there is a third and lesser-known type — the combination loan. Most people are unaware of it because banks typically do not discuss it unless specifically asked. This silent option could help you manage your EMIs better and even reduce the total interest…