Money Management

YONO is a digital banking mobile application launched by State Bank of India. The app is designed to fulfil all your banking requirements, shopping needs and provides insurance and investment solutions. Following are some of the impeccable features of SBI YONO app:

You can certainly make money from money. However, the option depends on your risk appetite, existing amount and objective. For safe investment options, banks and NBFCs are the best place to park your money and earn moderate returns through RD, FD, government bonds and post office saving schemes. PPF, Sukanya Samriddhi Account, National Pension System, etc., are some of the plans which are ideal for long-term risk-free investments. 

GST law has defined descriptions of the offenses and penalties that are levied if your tax payments are overdue. If any offence is committed then a penalty will have to be paid under GST. A late fee would have to be paid incase of a late filing.

Yes, loans are sanctioned for people who are looking forward to getting land in India. Availing for a land loan may be similar to that of getting a home loan but they have a few differences. If you are planning to get a land loan you have to make sure that it is for a residential plot.

Some people might have got too many loans to repay or got overdues on credit card payments. Piling up all the debt is definitely a very bad idea as you might never find a way to pay it all off. There has to be a way to handle your debt in one monthly repayment scheme.

FASTag is a reloadable tag that is fixed on the windscreen of a vehicle which enables people to drive through toll plazas without stopping for a cash transaction. The FASTag is linked to a prepaid account from which the toll amount will get deducted from. This is possible as the tag employs Radio-frequency Identification (RFID) technology. The tag will be fixed on the vehicle after the tag account is activated.

FASTag has been made mandatory all over the country. Vehicles passing through any NH has to have FASTag so that the toll charges are automatically deducted from your wallet. 

Both HDFC Bank and ICICI Bank are the leading private banks in the country, offering a wide range of credit cards to their customers. The minimum income requirement for credit cards of both the banks differ based on the type of credit card. Targeting different levels of customers based on their incomes, the credit cards are designed accordingly and provide different features

The first step is to log into the LIC website and select your preferred language. After this, you are required to register as a new user by completing the LIC online registration process. If you do not wish to register yourself, you can continue as unregistered user and make the payment.

Being a long-term saving scheme, an individual can open a PPF account through a post office of any public and private banks recognised by the Government of India. You can open the account with a minimum of Rs. 100. However, you need to deposit a minimum of Rs. 500 in a year and maximum of up to Rs. 1.5 Lakhs.

To purchase a land, one requires a huge amount. It can also be bought on a loan, but when it comes to investment, paying interest on the loan will nullify the profit. Moreover, the location of the land is an important factor which determines the land value in the future. A land is an appreciating asset, hence investing in a land will be hugely profitable in the long run.