Finance minister recently said india needs more banks to cater to the growing demand why shouldn't they give banking licence for big NBFC's with harsh conditions so that they don't any thing they shouldn't
Instead of earning small intrest through banks on FD OR RD diposit will you prefer gifts instead of money . Gifts will save your cost for buying anything
💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦
1️⃣ Banks take deposits from customers at ~4% interest.
2️⃣ They lend that money to borrowers at ~10% interest.
💰 The 6% spread is their profit.
🔍 Key Banking Terms You Should Know:
🌱 Finance Tip – Day 2
"Track Every Rupee – It Adds Up!"
Start keeping a daily record of your expenses, no matter how small. That ₹40 tea or ₹100 online delivery might seem minor, but over a month, they could total thousands!
📝 Use apps or a simpl
R V Social Foundation is a micro finance company which gives small loans to rural people and withdraws small installments. It has a turnover of Rs 40 lakh. Need to fund investment.
Personal finance apps come up with weird reasons to not work.
This one refused service because I have more than 10 lakhs in investment.
This is why I stick to AMC apps. They might be ugly but at least they work.
