Author: ifscco

Buying a vehicle is a big dream for every individual which comes with major expenses. This expense and dream necessitate borrowing in many cases. Banks and reputable financial institutions are common sources of financing for cars when one is purchasing a car in India. Knowing or calculating EMI in these decisions is major know-how to better manage finance on a personal level. The vehicle EMI calculator will assist you in making the required choices on your loan and financial status. Explore the basics of vehicle EMI calculators and how to use them. What is a Vehicle EMI Calculator? A Vehicle…

1. What is an EMI calculator? An EMI Calculator, also known as an Equated Monthly Installment Calculator, is a tool that assists you in determining the amount of the monthly payment that you would be required to make for a loan or any other type of financial instrument. These EMIs are paid in periodic repayments. For the purpose of determining the fixed monthly payment, it takes into consideration a number of parameters, including the loan amount, the interest rate, and the length of the loan. 2. How does an EMI calculator work? EMI Calculators determine the amount of the monthly…

The possibilities of doing things with your online bank account are endless. With the technological advances of the twenty-first century, we have stretched ourselves to the limit, and all of these have been benefitting us in ways we could never have imagined. The more we learn, the more we get amazed by the ways banking has developed and the plethora of transactions that we can do at the comfort of our home, and that too at our fingertips. Let’s consider a few things that we can do with our online bank account. #1: You can earn offers and rewards How…

Purchasing a home is one of the biggest investments most individuals will make at some point in their lifetime. This dream in India is not complete without needing a home loan. This one decision also has EMIs associated with it that demand commitment and careful planning. This is why it is important that you calculate the EMI for home loans. Having the idea of EMIs allows you to plan your budget and prepayment. Know how to calculate EMIs for home loans in India and what factors are considered while doing so. Why Is It Important to Calculate Home Loan EMIs?…

Mutual fund investments that are made through SIPs are now a common trend among Indian investors. It follows a strict investment style, which involves investing an equal amount of money periodically, mostly monthly, in the desired mutual funds. It not only promotes saving but also minimizes the cost of investment through market fluctuation. Manually calculating the returns on these SIP investments, however, is both difficult and error-prone. Because both SIPs and EMIs have become a part of the financial reality for many Indians, SIP EMI calculators have become valuable tools. These calculators assist people in planning for their investments and…

Technology has drastically changed the way we live, work, and transact. It the late 1990’s, the introduction of Internet banking dramatically changed the way in which banking was being conducted. ICICI Bank was the first to introduce it in 1996, and soon, many banks followed the pattern, thus making Internet Banking, or ‘Anywhere Banking’ the way of life. Whether it is opening an account, checking your balance, transferring money, or applying for a loan, everything can be done literally at your fingertips. While online banking is an extension of your physical bank, it has more risks than doing business physically…

EMIs are a major part of our monthly commitment that has a major influence on our monthly planning. Whether home loan or personal loan, these monthly prepayments affect the overall loan tenure and interest payments. This is why it is important to calculate these monthly EMIs for strategizing your prepayment. As part of this planning, monthly EMI calculators have proved to be a useful instrument. You must consider using an EMI calculator to choose your loans wisely. Here is a step-by-step guide on EMI structure and the basics of monthly EMI calculators. What are Monthly EMIs? EMI or Equal Monthly…

According to a recent survey by SEBI, 95% of Indians prefer to invest in an FD or savings account. This enormous percentile showcases that people are more keen on safer investing options in India. With FD vs savings account being a constant debate, it could get confusing at times to choose one for your major portion of savings. When deciding between a Fixed Deposit (FD) and a savings account, many factors come into play, such as interest rates, liquidity, and long-term benefits. Both options are popular in India for secure savings, but they serve different purposes. Let’s break down how…

It is a safe thing to say that all electronic devices can be hacked. If this statement is true, then it’s also true that all transactions that happen on our devices can be hacked too. According to this article published by Hosting Tribunal, 300,000 new malware are created every day. It is also predicted that organizations will be spending up to $10 billion a year on cybersecurity. The other statistics presented in the article bear testimony to the fact that conducting business online can be a risk, and organizations around the world are doing the best they can to counter…

If you want to stay tax compliant and make sure that your books are in order, you need to file your income tax returns correctly. Generally, people get confused about how to file their income tax returns, especially when doing it for the first time. Once you become familiar with the process of filing an income tax return, you will realise that it is not a difficult task at all. One of the most common income tax returns is the ITR-1, known as Sahaj. But what is it, and how do you file it? In this guide, we’ll discuss everything…