Author: Nisha Chawla
Nisha Chawla
Nisha Chawla is a seasoned professional with 15 years of experience in banking, insurance, investment, and the debt sector. Holding a B.Com degree, she has been writing for the past five years, offering valuable insights on banking, loans, and financial schemes. Her passion for writing brings clarity to complex financial topics.
Credit cards are a convenient and powerful tool for managing expenses, offering rewards, and providing emergency funds. Despite this, many credit card myths persist, leading to confusion and even poor credit decisions. Let’s break down these myths to help you make the most of your credit card while maintaining a healthy credit score. Myth #1: New Credit Cards Lower Your Credit Score A common worry is that applying for a new credit card will hurt your credit score. While it’s true that a hard inquiry occurs during an application, a single inquiry has a minor effect, reducing your score by…
The banking sector in India is on the verge of a significant transformation. The government is expected to approve a 5-day work week for bank employees, with a final decision anticipated by December 2024. If approved, this change will make Saturdays and Sundays official weekly holidays, adding an extra day off to bank employees’ schedules. This initiative aims to improve the work-life balance for banking professionals, and the Indian Banks Association (IBA) has already come to an agreement with bank employee unions on this matter. What Will Change for Banks? Presently, banks in India operate on all days except Sundays…