Insights

Barakah Finserve

Moratorium on credit card dues and EMIs: Should you opt for it?

The central bank clarified that credit card dues will also be eligible for the moratorium.If you opt for the moratorium on your credit card bill, you do not need to pay anything till August 31

Barakah Finserve

Avalanche or snowball: which is your debt plan?

Adopt a strategy that suits your needs, but make lifestyle changes to be debt-free.Avalanche strategy means focusing more on debt with the highest interest rate, and paying the minimum to settle other debts

Barakah Finserve

Shift to debt from equity as your goal nears to protect the investment value

A three-year lock in should not be a determent as any equity investment is ideally invested for not less than five years