Raksha Bandhan the festival Of brother-sister bond. On this day the sister ties a rakhi to her brother and symbolizes protection, a loyal relationship between brothers and sisters. It proves the bonding and love they share as siblings. It builds…
Overdrafts vs Instant Loans Life’s little surprises, like a broken phone or a sudden medical expense, can leave you scrambling for money. Two common solutions are Instant loans and overdrafts provide a swift and convenient way to get the funds…
Different types of borrowing options are available in the financial world. If you need some extra money, go for the two popular choices: Personal loans and Loans against PPF (public provident Fund). Both have pros and cons; choosing the right…
Non-Performing Assets, popularly known as NPAs are a crucial economic indicator used to evaluate the health and resilience of banks and other financial institutions in finance. It is an important parameter for banks because NPAs directly weigh down on how…
Promissory Notes Covered under the Negotiable Instrument Act, a promissory note offers a legal value to any transactional contract. It comprises two parties namely, the borrower and the payee, and the former agrees to pay a certain sum of money…
The Cash Reserve Ratio (CRR) and the Statutory Liquidity Ratio (SLR) are like tools in a central bank’s toolbox, used to keep the banking system in check and help manage the country’s money matters. While both are aimed at keeping…
As Holi, the vibrant festival of colours and joy, arrives, PayMe is here to help you celebrate with loved ones and create unforgettable memories. We understand the deep meaning behind Holi – the triumph of good over evil, the beginning…
CRR stands for Cash Reserve Ratio, and it is the percentage of total deposits in a bank that have to be kept in cash to operate risk-free. The RBI decides the CRR, and it is the amount of funds that…
A Debt-to-income ratio is a financial standard that gives a real-time comparison of an individual’s debt and his total monthly income. This ratio is calculated by devising the total debt by the gross income and is a key indicator of…