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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

Private lenders resort to video KYCs for opening accounts

Kotak Mahindra Bank has launched a service for their savings account product called Kotak 811..After the lockdown, as the business took a beating, banks took it on priority to launch this service.


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


Barakah Finserve

New lending opportunities, faster credit delivery may emerge post covid-19

In the near term, financiers will relook at their business models and collections


Barakah Finserve

Stock market crash a good opportunity

Kshitij Ranjan has seen the value of his equity investments erode, but is staying calm because his goals are decades away and he can recoup the losses.The shock of being so unprepared to deal with an emergency pushed Ranjan to read up on the various aspects of personal finance


Barakah Finserve

‘Utilities will be a better bet than consumption stocks post covid-19’

Markets can misprice a business, but over time, just like water finds its own level, so do valuations, says Prashant Jain, executive director and CIO of HDFC Mutual Fund


Barakah Finserve

Money gifted over Rs50,000 by an NRI friend in a financial year can be taxable

Gifts are usually received in a personal capacity and not to be invested for specific purposes


Barakah Finserve

Air travel resumes: 5 things to note before booking tickets

According to data shared by EaseMyTrip.com, 35.51% of the total bookings on its platform came for travel to or from Delhi..As lockdown eases and states negotiate their stance on air travel, tread carefully and assess the pros and cons before you book a flight ticket.


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