After demonetisation, people are expected to use plastic money more than ever before. But, as the Banking Codes and Standards Board of India (BCSBI) has pointed out in a recent report, a free credit card is a myth.
The easing of property prices following the demonetisation of Rs 500 and Rs 1,000 notes will prove beneficial for lenders and housing finance companies (HFCs) as the average size of home loan is likely to increase.
If you spent Rs 5000 on shopping clothes during Diwali and recieved a cashback of Rs 250 on your credit card, the taxman may spare you but if you have used the card to spend Rs 1 lakh on office equipment such as printers, computers, scanners,
Getting a bank loan or credit card, buying an insurance policy or investing in a mutual fund is very easy today, given the several points-of-sale available. These include agents, online intermediaries and the bank/ insurance company/ fund house directly.