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What Are Contactless Debit and Credit Cards in India?

What Are Contactless Debit and Credit Cards in India? Following ICICI Banks, almost all banks will soon launch Contactless Debit and Credit Cards in the market. The latest cards will use the near field communication (NFC) technology to make payments at outlets. How does Contactless Debit and Credit Cards in India Work? Such card holders need not swipe the card at the POS (Point of Sale). They can simply tap it on the terminal and pay for your purchases. After tapping, enter the PIN, within seconds it beeps and a sales slip is issued when transaction is completed. However, on such cards, signature is not required.

The merchants include quick service restaurants, coffee shops, shopping marts and fuel stations where fast transactions are much required. The Bank plans to shortly extend this facility to other cities as well. Benefits of Contactless Debit and Credit Cards These cards require significantly less time compared to other cards to complete a transaction. While, there is no compromi…

6 Ways to Pay Your HDFC Credit Card Bill

6 Ways to Pay Your HDFC Credit Card Bill
Credit cards comes with advantage that will allow you to purchase now and pay later option. the most important point to consider when using any credit card is its safety. Security of the credit card primarily lies on its number, if it is disclosed means security is compromised. So, one needs to be careful while handing card to others. Click to know on how to protect your credit card.  Shopping is fun but when it comes to paying credit card bill it is a worry. Here are different ways through which you can pay bill. With these options there will be no more late payments. 1 HDFC Bank NetBanking Registered NetBanking enabled account holders can transfer the outstanding Credit Card amount online. One can link your Credit Card to NetBanking by log in to your HDFC Bank with the help of Credit Card ATM PIN. However, Non-HDFC Bank customers having HDFC credit card can now make Credit Card payments online from any other bank account, even if you do not ha…

Auto loans for used or second hand cars in India: What you should know?

Auto loans for used or second hand cars in India: What you should know?
It's not always that you would like to buy a brand new car or a vehicle. There are times when you realise that you would not drive much and that a used or second hand car would do.
Loans today are easily available for used cars, depending on the age of the car. If you have seen a 10 year old car and are expecting loan for the same, forget it. Just do not keep chasing the bankers as you are unlikely to get a car or auto loan approved for the purpose, if the age of the vehicle is over 4-5 years.   Important things to know before you take an auto or car loan in India:
a) Interest Rates on Used Cars Are Higher Interest rates are generally higher in the case of used cars. It's almost impossible to say how high these rates would be. It would most certainly depend on the financier and the age of the vehicle. Older the vehicle higher would be the applicable interest rate. You can expect interest rates to be higher by at…

Documents Needed to Apply for Credit Card

Documents Needed to Apply for Credit Card
Credit cards are the most attractive and easy way to purchase things. Moreover offers from bank and other companies makes using credit card irresistible !!
Before buying credit card, it is necessary to compare different credit cards and decide based on your requirement. Credit cards differ on basis of interest rates, late payment fees, over limit charges, reward points, or other important factors. Before applying one needs to check whether he is eligible to apply or not. Eligibility Criteria
1) One should be either salaried , self employed or professional 2) Should aged between 22 - 59, have a bank account and have some monthly Income 3) Must not have a history of bad credit or your loan should not be declined in Last 3 months 4) Should have some monthly repaying capacity Document Required 1) Passport size Photograph.
2) Filled application form dully signed
3) Latest 3 months salary slips ( indicating break up of Gross salary i.e Basic Pay House rent and …

6 Things to Check Before You Apply for a Loan

6 Things to Check Before You Apply for a Loan
Before applying for a loan there are certain things that you need to check. This will ensure that you do not make losses and also will not disappoint you in case your loan is rejected. Here are 6 things that you must check.
Evaluate Your Finances Don't go for a loan just because you can afford to pay the EMI from your salary or from your other sources of income. Loan entails processing fees and interest, which can make them really expensive, especially personal loans. Go for a loan only when you really need it.
Do not forget your Cibil score Check your Cibil score before you apply for a loan. This will ensure that you are not disappointed in case your loan is rejected or a lesser amount of loan is sanctioned.
Use online portals to compare Variance in interest rates can mean a lot, especially in large sized loans like home loans. It is best to compare loans online. There are many portals that allow you the facility to compare loans before you …

What Are Contactless Debit and Credit Cards in India?

What Are Contactless Debit and Credit Cards in India?
Following ICICI Banks, almost all banks will soon launch Contactless Debit and Credit Cards in the market. The latest cards will use the near field communication (NFC) technology to make payments at outlets. How does Contactless Debit and Credit Cards in India Work? Such card holders need not swipe the card at the POS (Point of Sale). They can simply tap it on the terminal and pay for your purchases. After tapping, enter the PIN, within seconds it beeps and a sales slip is issued when transaction is completed. However, on such cards, signature is not required.

The merchants include quick service restaurants, coffee shops, shopping marts and fuel stations where fast transactions are much required. The Bank plans to shortly extend this facility to other cities as well. Benefits of Contactless Debit and Credit Cards These cards require significantly less time compared to other cards to complete a transaction. While, there is no compromi…