Imagine instead of keeping your money in boring savings account, you could simply do an FD of it and get good interest rates, but also get a steady no interest credit line upto FD amount to be used by you for daily expenses?
Basically your money will
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Anonymous 1
Hey I am on Medialย โขย 4m
Sounds like a trap banks would use to lock people into low-interest FDs while charging hidden fees on the 'credit line.' Theyโll make money; you wonโt.
India's Youth in a Debt Spiral Soon ?
Easy Monthly Installments (EMI): The siren song of modern consumerism. But is it luring India's youth into a financial JHATKA ? ๐
The EMI Trap Explained:
โ Attractive low monthly payments
โ Long repayment per
We are into the business of Digital Lending. We have multiple Banks,Credit Cards,Insurance etc on our platform.
We want to share this platform with interested candidates for a nominal fees of Rs100/- per month so they get an opportunity to earn unlim
Imagine instead of keeping your money in boring savings account, you could simply do an FD of it and get good interest rates, but also get a steady no interest credit line upto FD amount to be used by you for daily expenses?
Basically your money will
OpenAI's Massive Funding Round
OpenAI, the AI powerhouse, is making big moves:
โข Raising $6.5B at a whopping $150B valuation ๐
โข Nearly doubling previous $86B valuation
โข Seeking $5B credit line from banks ๐ฆ
Who's in?
โข Thrive Capital leading
โข
Credit Card Will make you Poorโผ๏ธ
Even though you are meeting all protocols, you are using it stupidly, although if you have 800+ credit score
Reasons:
1๏ธโฃ Invisible Money Heist:
When you swipe that card, your wallet doesn't get lighter. You don't
โScan Now, Regret Later?โ - Is India headed towards turning every QR code into a credit line.
UPI Credit is exploding. With a single scan, you can now borrow money in secondsโno OTPs, no paperwork. Seamless, frictionless, and kind of magical.
Finte
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Dinakar
Generalistย โขย 11m
The 2008 financial crisis -
During the late 1990s, America was getting a huge inflow of foreign funds from Russia and many Asian countries. American banks naturally didn't want the money just lying around earning no interest, so they made it easier
Hi community,
I've been wondering about a rating system like Civil, etc except that it's targets are reversed.
This system will rate and implicate banks, financial institutions, etc if and whenever they are at fault. Like unnecessary charges, unap
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2 replies3 likes
VCGuy
Believe me, itโs not...ย โขย 1m
India's credit card market is massively dominated by legacy banks.
CC space (Jan '25 figures)โคต๏ธ
- HDFC processed โน50,664 Cr
- ICICI, โน35,682 Cr
- SBI, โน28,976 Cr
- Axis, โน20,212 Cr
RBI reported โน1.84 Lakh Cr in credit card spends in January alone