More articles for you

Your one stop place for everything related to finance and lending

How To?

How to Make Credit Card Bill Payment Online With Ease?

Online payment modes have made paying bills an easy process. If you have a credit card, you must pay your monthly bills on time. If you do not do so, your bill can attract high-interest charges. Missing payments regularly can hurt your credit score as well. In addition, this can negatively affect the interest rate you may get on your future loans. You can make your credit card bill payments online to avoid such issues. Then, you can sit back at home and take care of all such bills. You can use the internet, mobile banking, or visit the credit card provider’s website to pay the bill. You can also use payment wallets for quick payments. Let us start by exploring methods of online payment in detail. [B-01] 6 Ways to Make Credit Card Payments Online Here are six online payment methods to ensure you pay your credit card bills on time every month: Net Banking BillDesk NEFT IMPS Auto Debit Mobile Wallets and Payment Apps Let us look at each of the payment methods in detail below: 1. Net Banking Net banking is one of the simplest ways to pay bills online. If you have a savings account with the same credit card issuer, paying becomes easier. If you do not have a savings account with the issuer, you can register for net banking and make payments. Follow these steps to make credit card payments using net banking: Login to your net banking account Navigate to the ‘Credit Card’ option You must click the ‘Register New Card’ option as a first-time user. You will have to fill in your credit card details. This step will link the credit card to your account Once registered, click on ‘Pay Bill’ You can review the bill and then ‘Confirm’ to pay 2. BillDesk You can pay your credit card bills online, even if you do not have an account with the issuer. This can be done through BillDesk. Follow these steps to make credit card bill payments using BillDesk: Visit the credit card issuer’s website Navigate to the bill payment section and enter your credit card details Select ‘BillDesk’ as the mode of payment Select the bank through which you want to make the payment from the drop-down menu Click on ‘Pay’. It will take you to the net banking page of the bank you have selected, from where you can complete the payment 3. NEFT NEFT is another method by which you can use your net banking account to pay credit card bills from other issuers. You first need to add the credit card as a beneficiary. Once added, you can use the ‘Fund Transfer’ option to complete the payment. Follow these steps to add a credit card as a beneficiary: Login to your net banking account Click on ‘Fund Transfer’ and then NEFT Click on ‘Add Beneficiary’. Here you will have to enter your credit card details Review details and ‘Confirm’ the card as a beneficiary Depending on your bank, activating the beneficiary can take 30 minutes to 24 hours. Once activated, follow the below steps to make the credit card payment: Login to your net banking account and click on ‘Fund Transfer’. Select the credit card beneficiary and enter the amount Review the details and click on ‘Confirm’ to pay 4. IMPS You can use the IMPS payment method through net or mobile banking. With IMPS, you can immediately pay your credit card bills. Follow these steps to make credit card payments using IMPS: Login to your account Click on ‘Bank Account’ Click on the separate link for ‘IMPS’ and then ‘Merchant Payment’ You must enter details like mobile merchant number, MMID, bill amount, and credit card number Review the details and click on ‘Confirm’ to pay 5. Auto Debit The auto-debit facility will be ideal if you have difficulty remembering your bill payment schedule. The bill amount will directly get deducted from your linked account. So, you are safe from high late-payment charges. You will need a net banking account for this facility. If you do not have one, please get in touch with the bank. Follow these steps to make credit card bill payments using the auto-debit feature: Login to your net banking account and go to the credit card section Under the ‘Manage Card’ section, find and click on ‘Register for Auto-debit’ Next, select if you want to pay the minimum or total amount due Click on ‘Confirm’. This will deduct the bill amount per your instructions on every monthly bill due date 6. Mobile Wallets and Payment Apps Mobile wallets and payment apps are slowly becoming the preferred mode of bill payments. They are highly convenient as you do not have to go through separate registration processes. Furthermore, as long as you have money in the mobile wallet, you can easily make multiple bill payments. Follow these steps to make credit card payments using mobile wallets: Download your preferred payment mobile app. Create an account and complete the registration process. This step is only for new users Ensure you have enough money in your mobile wallet. If not, you can recharge the wallet Under the Bills section, click on ‘Credit Card Payment’ Enter the credit card details and amount Click on ‘Pay’ to complete the transaction [B-02] Conclusion The online modes available for credit card bill payments can make your life easier. They offer advantages like convenience, comfort, safety, and time and effort saving. Payment methods like net banking, IMPS, BillDesk, auto-debit and mobile wallets are instant. For NEFTs, if you make the payment after working hours, the payment will be credited the next business day. So plan bill payments accordingly. You can visit Piramal Finance to learn more about personal loans, financial calculators and credit cards. You can also plan your financial journey better by applying for a free credit report.
08-11-2023
Read More
Cards

How to Choose the Best Credit Card in 2022

With our lifestyles improving, credit cards are quickly becoming the norm. However, with the abundance of options available, it might be confusing to boil it down to the right choices. To simplify the process, here are the top 10 credit cards to choose from among the most popular segments: Cashback, Travel, Rewards, Fuel, and Premium. [B-01] Best Credit Cards for Cashback Some of the best features of owning a credit card include the variety of cashback offers that come along with it. Here are two of the best credit cards in this segment. Axis Bank Ace Credit Card For those who want a high cashback value at a reasonable annual charge, the Axis Bank Ace Credit card is a good option. This is a good entry-level card, offering 5% cashback on bills, DTH recharges, and food deliveries through Swiggy, Ola, and Zomato. Here is a list of features of the card. Joining Fee – Rs. 499 Annual Fee – Rs. 499 (Waived off if the yearly spend is Rs. 2 lakh or more) Benefits: Cashback offers: 5% on DTH recharges, bill payments, and mobile recharges (those done via Google Pay) 4% on Swiggy, Ola, and Zomato 2% on all other spends Complimentary Lounge Access: 4 domestic lounge visits in 1 year Dining: 20% off at select restaurants 2. Flipkart Axis Bank Credit Card Similar to the above, this is another good card for beginners. As the name suggests, this is more oriented towards those inclined towards online shopping. It offers good cashback offers on Flipkart and partner brands such as Myntra and several other preferred partners. One of the best features of this card is that the cashback is credited straight to the card account. Joining Fee – Rs. 500 Annual Fee – Rs. 500 Benefits: Cashback offers: 5% cashback on Flipkart and Myntra 4% cashback on preferred partners (Tata Sky, Uber, Swiggy, PVR, Cleartrip, etc.) 1% fuel surcharge waiver Complimentary lounge access: 4 domestic lounge visits in 1 year Best Credit Cards for Travel Several credit cards offer services on complimentary lounge services. However, for those who frequently take flights to travel, some credit cards best suited for them are as follows. 3. American Express Platinum Travel Card For those who find themselves travelling quite often, the American Express Platinum Travel credit card serves as an ideal choice. Annual Fee – Rs. 3500 (+GST) for the first year Rs. 5000 (+GST) from the second year onwards Benefits: Welcome Bonuses: 10,000 reward points on joining (redeemable via Flipkart vouchers) The pay with points option can be redeemed in Amex travel online Travel vouchers: Vouchers worth Rs. 4500 if Rs. 1.9 lakhs is spent in a year Frequent discounts on MakeMyTrip One reward point for every INR 50 spent Complimentary lounge access. 4. Citi PremierMiles Credit Card One of the most popular credit card choices in the travel segment, especially for those who prefer to earn their air miles through domestic journeys. On top of everything else the card offers, the air miles earned never expire and can be redeemed flexibly across different platforms. Joining Fee – Rs. 3000 Annual Fee – Rs. 3000 Benefits: Miles earned: 10 miles for every Rs. 100 spent on PremierMiles 4 miles for every Rs. 100 spent on other spends Complimentary lounge access: 8 complimentary lounge access per quarter (Visa variant only) Net savings of Rs. 10,000 on the spending of Rs. 2 lakh in 1 year Best Credit Cards to Earn Rewards Many credit cards offer exquisite rewards and complimentary facilities upon subscription. Here are the top two credit cards to make the most of their rewards. 5. HDFC Regalia Credit Card One of the best things about owning a credit card is the number of rewards and benefits that come along with it. If rewards are a priority over all other things, the HDFC Regalia Card is ideal for those who prefer spending using their credit cards. By using this card, rewards can be received on education, utilities, insurance, as well as rent. Joining Fee – Rs. 2500 Annual Fee – Rs. 2500 Benefits: Reward points: 4 points per Rs. 150 spent on all retail Complimentary Membership for Dineout Passport Complimentary lounge access: 12 domestic lounge access in 1 year 6. Standard Chartered Platinum Rewards With a nominal joining and annual fee, the Standard Chartered credit card gives you more than what you spend. The reward points earned are ideal to be redeemed via vouchers and gift cards. It is best suited for rewards on Fuel and Dining. Benefits: Welcome deals: Cashback on restaurants up to Rs. 500 for the first 90 days Reward points: 5X reward points for every Rs. 150 spent on fuel 5X reward points for every Rs. 150 spent on fine-dining 1X reward point for every Rs. 150 spent on other retail Best Credit Cards for Deals on Fuel With prices of petrol and diesel ever-rising, a credit card offering attractive fuel deals could be helpful. Here are a couple of credit cards best suited for those who frequently travel by their vehicle. 7. BPCL SBI Card Octane With rising fuel prices, this credit card may be most suited to gain effective cash backs, rewards, and deals across fuel stations. This credit card offers a very high value back of 7.25% on fuel purchases at BPCL petrol pumps. Joining Fee – Rs. 1499 Annual Fee – Rs. 1499 Benefits: Welcome bonus: 6000 reward points (worth Rs. 1500) as a benefit 7.25% value back on fuel expenses 1% surcharge waiver across all BPCL petrol pumps Reward points: 25 points for every Rs. 100 spent on fuel, lubricants, and Bharat Gas (BPCL outlets only) 8. IndianOil Citi Platinum Credit Card This credit card offers a unique feature of Turbo points, which can be redeemed as free fuel at IndianOil stations. In this case, the value of 1 Turbo point is Re. 1. Joining Fee – Rs. 1000 Annual Fee – Rs. 1000 Benefits: Turbo Points: 4 Turbo Points per Rs. 150 spent at IndianOil outlets 2 Turbo Points per Rs. 150 spent on groceries 1% fuel surcharge waived at IndianOil stations Best Premium Credit Cards Finally, several top-of-the-line credit cards offer premium benefits found among no other categories. Here are a couple of the best premium credit cards to consider. 9. SBI Prime Credit Card The rewards extend across grocery, dining, and departmental stores, ideal for those who use their credit card for most of their expenses. Despite its premium pricing, it is a top choice, given the benefits offered across a wide range of services. Joining Fee – Rs. 2999 Annual Fee – Rs. 2999 Benefits: Reward points: 10 points per INR 100 spent on grocery, dining, and departmental stores Welcome bonus: Rs. 3000 in the form of e-vouchers Complimentary Memberships: Vistara and Trident Privilege Red Tier 10. HDFC Diners Club Black Credit Card The most expensively priced membership on the list here, the HDFC diners club, offers the most exclusive privileges and rewards on travel and shopping. Here are some of the exquisite benefits of the same. Benefits: Complimentary Memberships: Zomato Gold, Amazon Prime, Club Marriott, etc Air mile earnings with every purchase and unlimited airport lounge access Saving values are higher than the annual fee Low forex markup fee [B-02] Final Thoughts Amidst all of the options, it is essential to choose a credit card wisely based on your requirements. A good starting point is to assess your expenditures, understand where you could benefit from a credit card, and proceed accordingly. If you need help with finances, you can always take the help of experts such as Piramal Finance to guide you through your personal finance woes.
08-11-2023
Read More
Cards

How Can I Track My Credit Card Application Status

Are you somebody who has recently applied for a credit card? If so, it might be natural for you to want to check the status of your application and see the progress. While processes vary from bank to bank, the general steps remain simple and easy to follow. If you wish to check your credit card application status, you may read further to know your options. [B-01] Pre-requisite information to keep handy before checking application status Before you begin reviewing your application status online, you may want to keep certain information handy to make the process easier: The mobile number through which you registered for your credit card (Registered Mobile Number) Reference number / Form number / Application number PAN card number Date of birth How to Check Credit Card Application Status Online? The best way to check your credit card application status online is through your bank’s website. It is convenient to check your card status this way since it can be accessed anywhere and anytime. Here are the enlisted steps for you to check the status online. Open your bank’s website on your browser, either on your phone or PC On the website, you should notice an option that says either ‘Track credit card application’ or ‘Check credit card application’ Click on the link You will be redirected to a page where certain information will be asked of you. This information corresponds to the prerequisites mentioned above that you should keep handy with you (Registered mobile number, application form number, PAN card number, and date of birth) Enter the details as required, and click on submit You should be able to see the current status of your credit card application now How to Check Credit Card Application Status Offline If you do not have access to the internet, you might prefer checking your status through more traditional means. Unlike the online option, you might be unable to avail some offline facilities 24/7. Here is how you can check the status of your credit card application offline: By calling the bank’s customer service centre This is a standard process you can use if you have access to an active mobile network. The customer service number for your bank can be found online or if you have a physical copy of your application form in the corner that mentions the bank information. Here are the steps you can follow to know your application status by calling: Dial the bank customer service number Follow the instructions as asked You might be asked for certain information such as the ones mentioned above (registered mobile number, application form number, date of birth, PAN) Provide the respective details, and the customer service executive will inform you of your application status Calling the bank can also be effective if you have further queries about your application that an executive can answer. 2. By enabling SMS alerts SMS alerts are a hassle-free process that can be requested when filling out your application form. SMS alerts can be enabled for your registered mobile number. To ensure this service works correctly, please ensure that your registered mobile number has an active SIM that has sufficient balance for sending and receiving messages. Alternatively, you can SMS your bank using your registered mobile number to know your credit card application status in real-time. This process varies from bank to bank, and these specific instructions can be found on their respective websites. Ensure the correct format is followed while sending a message to the bank. 3. By visiting your bank branch Since this is the only process out of the other mentioned ones that requires you to visit the bank physically, it has been kept as a last resort. You can choose this option if you do not prefer the online or other offline means. Visiting your bank’s nearest branch and speaking to your customer executive can help you enquire about your credit card status in real-time. Please keep the necessary information handy, as the customer executive might ask you to share your registered mobile and application numbers. This process can be helpful if you want certain doubts about the process to be addressed in person. Understanding your Credit Card Application Status Now that you have successfully understood your credit card status, here are the possible responses you might have received: In-process: This indicates that the bank has received your application and is still processing it. They check the information you have filled out in the form, and upon verification and background check, if approved, the application will move to dispatch. Dispatched: Your application has been verified, and your card is on its way. On-hold: This means that your application is currently on hold. You might be receiving this message due to any incorrect or incomplete details in your form. However, there is no need to worry as it can be rectified. The bank can reach out to you for any additional information that they would require to process your form and make changes to your application accordingly. Disapproved: This indicates that your credit card application has been declined. This could be due to incorrect information in your form or a failure to meet the eligibility criteria. No Records: This might come up if you provide incorrect information (your registered mobile number, application number, etc.). This can be fixed by reloading the page and providing the correct details. [B-02] Final Thoughts Whether online or offline, checking your credit card application is vital once you’ve submitted your details. It gives you an idea of where your application is positioned and informs you of the possibility of receiving your credit card. If you need help, you can always take the help of a financial expert like Piramal Finance. They will suggest what’s best for you and help take care of your personal loan requirements if any.
08-11-2023
Read More
Cards

Best Credit Card Bill Payment Options Without Any App

Credit cards are used widely to pay for online and offline purchases. While credit cards offer some benefits for your purchases, they must be used carefully. Even the best credit card requires financial discipline, especially in making timely repayments. While many customers use mobile apps to pay their credit card bills, several credit card holders want other payment options. So, how can you make credit card payments without an app? Is making credit card payments online better than offline payments? These are some questions that you might face while paying credit card bills without an app. Here are some important tips to help you pay your credit card bills before the due date. [B-01] Methods to Pay Credit Card Bills If you do not want to use any mobile app to pay credit card bills, many options are available. Credit card payment options can be mainly divided into two categories—online and offline. You can choose either of the available options to pay your credit card bills at your convenience. Online Credit Card Bill Payment If you want to make a credit card payment online without a mobile app, many options are still available. Try and make the online payment at least 3-4 days before the due date. Some of the most popular choices for paying bills with the best credit card are: 1. BillDesk BillDesk is a popular option for making credit card payments online. You do not need any mobile app to use BillDesk to pay the bill. Most credit card issuers accept payments through BillDesk. Using a computer or smartphone, you need to visit the BillDesk page for your bank/issuer. Enter the credit card details on the page, along with your email address and payment amount. You can pay the bill via debit card, internet banking, or other available options. Follow the instructions given on-screen to pay the bill. After making the payment, save the transaction number or payment screenshot for reference. 2. Auto Debit Auto debit is also a good option to pay credit card bills without any app. Every best credit card company offers this option for credit card holders. This option ensures credit card bill payment on time every month from your bank account. This option for credit card payment online needs you to have a bank account with internet banking enabled. To use this option, log on to your internet banking and enable the auto-debit option in the credit card section. Here you can choose to pay the minimum amount or the entire amount every month and then simply press the confirm button. The specified amount will be paid from your account monthly as per the credit card bill. 3. Internet Banking Many credit card holders use internet banking to make a credit card payment online. First of all, register the credit card using internet banking to use this option. Afterwards, log in to your internet banking account and select the credit card option in the menu. Then select the bill payment option, and you can choose to pay the minimum amount, the entire bill, or any other amount. Enter the payment amount and click on the submit button to pay the bill. Save the transaction details for reference. 4. Online Fund Transfer Every best credit card company accepts bill payments through online fund transfers. You can use NEFT/RTGS/IMPS for credit card payments online from a bank account with another bank. To use this option, you must first register your credit card as a beneficiary using internet banking. After you enter the credit card number, IFSC, name of the beneficiary bank, and other details, it will take around 30 min to 1 hour for the registration process. Then log on to your internet banking and select the option ‘fund transfer to another bank’. Then select the credit card as the beneficiary and enter the bill amount. Click on the confirm button to complete the payment. Save the transaction number for reference. Offline Credit Card Bill Payment If you do not want to make the credit card payment online, then you can also pay the bill offline. It’s best to pay the bill at least 3-4 days before the due date. Following are the different options to pay your credit card bill offline. 1. Over the Counter Every best credit card issuer accepts bill payments through its branch offices. If the credit card issuer has a physical office, you can pay your credit card bill via cash. Just visit the branch of the issuer, fill up the deposit slip correctly and present it at the payment counter. The counter officer will accept the payment and process it right away. The payment will reflect in the credit card account within one day. 2. Drop Box Another offline payment option that you can use is a drop box. Many credit card issuers have drop boxes inside the branch, ATMs, or other locations. You can use this payment option to pay your credit card bill through cheque or demand draft. Write the credit card details on the backside of the cheque or demand draft. Once the bank has processed the payment, you will receive a message on your registered number. 3. ATM If you do not prefer online credit card payment, you can use your debit card at an ATM to pay the bill. The ATM must belong to the bank that has issued the credit card. Insert the debit card into the slot and select the credit card bill payment option to pay the bill. After you have completed the payment using on-screen instructions, the payment will get credited immediately. [B-02] Most credit cards offer an interest-free period if the bill is paid on time every month. If you fail to pay the credit card bill on time, the bank can levy late payment charges and interest for the entire duration. So, always try to pay the credit card bill before the due date. Read more such informative blogs on Piramal Finance, a great personal loan or financing option for buyers.
08-11-2023
Read More
Dream Mobile

10 Best Indian Mobile Brands.

Smartphones have become popular gadgets for daily use. Among all the countries with massive populations, India has one of the fastest-growing smartphone markets. India's smartphone market experienced a 4% growth in 2024 - 2025, with total shipments reaching 151 million units. The top ten Indian mobile companies for the best smartphones will be discussed in this article. [B-01] 10 best Indian mobile brands for robust phones LYF – Reliance Retail: LYF is a part of Reliance Jio (parent company). It takes its culture forward by putting customers at the centre of its business. These Indian mobile phones come with 4G-enabled VoLTE features. It is the second-largest LTE smartphone supplier in India. LYF builds smartphones with great user experiences (UX). It is among the top five brands in India. It also features HD voice calling, Wi-Fi (VoWi-FI), and high-definition (HD) video calling. It became popular in the market because of its affordable price range. Micromax: Micromax Informatics is another well-known consumer electronics brand. It delivers high-quality Indian mobile phones with excellent features. It achieved a large-scale adoption of smartphones and advanced technologies in the Indian market. This largest phone manufacturing company produces budget-friendly smartphones for the Indian market. In 2010–2012, the company also introduced LED TVs and tablets into the market. This Indian mobile brand is popular among youths. Karbonn Mobile: It is another of the leading Indian mobile companies that got started in 2009. It has multiple awards under its name. It is a joint venture of Jaina Group (from New Delhi) and UTL Group (from Bengaluru), with headquarters in New Delhi. They aim to benefit a large number of people with their smartphones. Within a short period, its popularity crossed borders – in countries like Sri Lanka, Nepal, and Middle East Asia. Xolo Phones: This is another Indian mobile phone brand that has launched its smartphones with Intel processors. It is also the first Indian smartphone company to launch a 4G-enabled smartphone. It partners with AMD. Xolo is also known for introducing the first dual-camera phone in India. Naturally, the brand became a game changer in the domestic market. It is known for its premium smartphones with unique designs and incorporates new technologies. Lava International Ltd.: As of February 2025, Lava International Ltd. stands as no.1 Indian phone brand. In 2024, Lava achieved a market share of 2.5%, positioning it as the top Indian brand in the domestic smartphone market.The Indian mobile brand has expanded its business across multiple countries. Since 2009, it has remained at the forefront with cutting-edge mobile handsets as a part of the Make-in-India initiative. It is also known for its hardware, software, industrial handset designs, etc. Lava has expanded its product lineup with the introduction of the Agni 5G series, aiming to capture a larger share of the Indian smartphone market. With the aim of “Design in India” initiative, it took complete control over manufacturing and designing phones in India. Intex technologies: It is a well-know . The company aims to enhance Indian lives with smooth access to the latest technologies and IT products. Its mobile handsets serve millions of customers from all socioeconomic backgrounds, age groups, and rural and urban India.It has also extended its business to LED TVs. YU Televentures: YU Televentures began manufacturing smartphones during December 2014. It is a joint venture between Micromax Informatics Limited and Cyanogen Inc. This company became a widespread Indian mobile brand and consumer-durable business. YU mobile as a brand has won the trust of millions of consumers with its quality and highly durable smartphones. It is one of the most trusted brands that delivers stylish smartphones with powerful features at an affordable cost. YU has the official Cyanogen OS rights in India. Recently, this brand has also started to manufacture smart TVs. i-ball: It is another home grown tech accessory brand that has become popular for its mobile handsets and PCs. Since it foundation in 2001, this Indian mobile company has touched over 100 million users, 1 lac active retailers, 5000 (approx.) trade partners, and more than 500 service centres. It has now captured the tech-savvy Indian buyer. Spice Telecom: Spice is a well-known Indian mobile manufacturing company. It disrupted the Indian mobile phone market over the past decade. Spice Telecom as a brand remains a trusted strategic partner despite the rapid technological shifts and massive disruptions in the smartphone industries.It provides excellent customer service. The business focuses on telecom-focused IT, fintech, and content solutions. Celkon Mobiles: It is a well-known Indian mobile phone manufacturer that aims to eliminate the digital divide. It brings affordable technology to the market. This company has its headquarters in Hyderabad. It has manufacturing units in Telangana and Andhra Pradesh. It left its mark in other countries like Bangladesh, Sri Lanka, Singapore, and Nepal. It also delivers its smartphones in Botswana, Zimbabwe, South Africa, Namibia, and other countries. FAQ 1. Which mobile brands are manufactured in India?Several Indian mobile phone brands manufacture and assemble their smartphones domestically under the Make in India initiative. Some of the most notable Indian-made phone brands include Lava, Micromax, Karbonn, Xolo, and Intex. Additionally, global brands like Samsung, Xiaomi, and Realme have manufacturing plants in India to cater to the local market.2. What are the top Indian mobile brands to consider?If you prefer Made in India mobile companies, the following brands are worth considering:• Lava International – Known for producing affordable and durable smartphones.• Micromax – A popular choice for budget-friendly smartphones.• Karbonn – Focuses on mid-range smartphones with a strong market presence.• Intex – Offers entry-level smartphones and tech accessories.• Xolo – Recognized for its stylish and innovative smartphone designs.3. Which mobile brands are non-Chinese?If you're looking for non-Chinese mobile phone brands, consider the following:• Apple (USA)• Samsung (South Korea)• Nokia (Finland)• Sony (Japan)• Lava, Micromax, Karbonn (India)4. Which is the No.1 mobile brand in India?As of 2025, Vivo holds the title of India’s No.1 mobile brand based on sales figures. The brand has surpassed competitors like Xiaomi, Samsung, and Realme in market share.5. Which is India’s No.1 mobile company?Among Indian mobile brands, Lava International Ltd. ranks as the No.1 Indian mobile company in 2025. It leads the Made in India smartphone market, offering both budget-friendly and premium devices.6. What is the highest-selling mobile brand in India?In recent years, Xiaomi has been the highest-selling mobile brand in India, attracting millions of users. However, Vivo, Samsung, and Realme have also secured a strong presence in the market.7. Which is the most widely used mobile phone in the world?Globally, Apple’s iPhone continues to be one of the most widely used smartphones. The iPhone 15 series is currently among the most popular models worldwide.8. Which was the first mobile phone introduced in India?India’s first-ever mobile phone call was made in 1995 when West Bengal Chief Minister Jyoti Basu called Union Telecom Minister Sukh Ram. The call was made using a Nokia handset on the Modi-Telstra network.9. Which mobile brands are manufactured by country?Here’s a breakdown of mobile phone brands by their country of origin: Brand Country of Origin Apple USA Samsung South Korea Nokia Finland Sony Japan Lava India Micromax India Xiaomi China Realme China OnePlus China 10. Which is the World’s No.1 Mobile Company?The World’s No.1 mobile company in terms of market share and sales is Samsung. The South Korean brand consistently dominates global smartphone sales, followed by Apple, Xiaomi, and Oppo.11. Which mobile company is best in India?The best mobile company in India depends on individual preferences and needs:• Best Flagship Phones: Apple, Samsung• Best Budget Phones: Xiaomi, Realme• Best Made-in-India Phones: Lava, Micromax• Best Mid-Range Phones: OnePlus, iQOO [B-02] Conclusion Smartphones have become an essential asset for our everyday tasks. We hope this article has given you a crisp idea of the top ten trusted Indian mobile phone brands. This article also highlighted some powerful business goals for these Indian mobile companies. Other well-known Indian mobile brands are Jivi Mobiles, Onida Mobiles, Loop Mobiles, etc. Piramal Finance is an excellent financing solution for shoppers looking for the best Indian mobile phones. Visit Piramal Finance’s website to learn more about their financial offerings and services, such as EMIs, personal loans, credit cards, etc.
08-11-2023
Read More
Cards

Which is the Best Credit Card Against FD in India?

Most banks issue credit cards without collateral to an individual with a good credit score. Though, if you do not have the required credit score or do not meet the eligibility criteria, you might find getting a standard credit card difficult. In such situations, secured credit cards can be a good option. One such secured credit card category is credit card against FD. These credit cards are most suitable for individuals who do not have any credit history or have a low credit score. Herein, the bank would keep the fixed deposit as a security against the credit card. As it is a secured credit card, the interest charged will be lower than other credit cards, and the credit limit offered varies between 80-90% of the FD. A credit card against FD offers you all the benefits of a credit card while you continue to earn interest on the fixed deposit. Which is the best credit card against FD in India? What are the features offered by these credit cards? If you have such questions, read on to learn more about the best credit cards against FD. [B-01] Best Credit Cards Against FD Listed here are some of the best options to help you choose the best credit card against FD that meets your requirements: Axis Insta Easy Credit Card This credit card against FD from Axis Bank offers a credit limit of up to 80% of the fixed deposit. The minimum fixed deposit amount required is Rs. 20,000. This credit card comes with a 50-day interest-free period. Axis Insta Easy Credit Card offers cash withdrawals up to 100% of the available credit limit. Cardholders get a 1% fuel surcharge waiver across India and 15% off at partner restaurants. The bank charges no annual fees for this credit card. Kotak 811 #DreamDifferent Credit Card Kotak Mahindra Bank issues this credit card against FD against a minimum FD of Rs. 15,000. The bank offers credit limits of up to 90% of the FD amount for this secured credit card. There is no annual fee payable against this credit card. The bank offers interest-free cash withdrawals for up to 48 days. You will get two reward points for every Rs. 100 spent online and one reward point for every other transaction of Rs. 100. Kotak 811 #DreamDifferent Credit Card offers 500 bonus reward points on spending Rs. 5,000 within 45 days of issuance. If the annual spending exceeds Rs. 75,000, the bank offers a cashback of Rs. 750. YES Prosperity Rewards Plus Credit Card YES Bank issues this credit card against FD for salaried and self-employed customers. The minimum FD amount for this credit card is Rs. 30,000. The applicants must be between the age of 21 to 60 years to be eligible. This entry-level credit card comes with a joining fee and renewal fee of Rs. 399 each. The joining fee is waived on spending Rs. 10,000 within 90 days of starting using the card. The renewal fee will be waived if annual spending is above Rs. 50,000. YES bank offers 12,000 bonus reward points if you spend more than Rs. 3,60,000 a year. With this credit card, you can also get a fuel surcharge waiver across India. Moreover, you can be four reward points for every spend of Rs. 200 in some categories. IDFC FIRST WOW Credit Card IDFC Bank issues this secured credit card against FD with no documentation required. The minimum FD required for this credit card is Rs. 2,000. You can get a credit limit of up to 100% of the fixed deposit, earning up to 6% interest per year. IDFC Bank does not charge any annual fee or joining fee for this credit card. You are eligible for up to a 20% discount at partner restaurants. Cash withdrawals of up to 100% of the credit limit are allowed by the bank. You can also enjoy up to 4 times reward points on every spend. If you opt for an EMI payment within 90 days of card set-up, bank offers 5% cashback up to Rs. 1,000. IDFC First Bank also allows payment of other credit card bills with this secured card. SBI Unnati Credit Card The State Bank of India issues this popular credit card against FD. The minimum fixed deposit required for this credit card is Rs. 25,000. SBI offers a credit limit of up to 100% of the FD amount for this credit card. Moreover, the annual fee is waived-off for the first four years. From the fifth year, a yearly fee of Rs. 499 will be levied. Customers get one reward point for every spend of Rs. 100 using this credit card. This credit card is available for salaried as well as self-employed individuals. SBI offers a cashback of Rs. 500 if the annual spending in a year is above Rs. 50,000. This benefit is available for every membership year. Reward points offered can be used for purchases from SBI Rewards Catalogue. SBI Unnati Credit Card also comes with a 1% fuel surcharge waiver across India. This benefit is available for every fuel purchase between Rs. 500 to Rs. 3,000. [B-02] Conclusion A credit card against FD is a great option if you have a low credit score or have no credit history. It is important to use the credit card carefully to avoid spending more than you can afford. A lien will be marked against the fixed deposit until you clear all the credit card dues. While the interest for a secured credit card is lower than others, it is still better to use it only when necessary. Make the most of available offers and reward points to lower the actual cost of the credit card. Read more such informative blogs on personal finance on Piramal Finance. We always suggest what’s financially best for you and help take care of your personal loan and credit card requirements if any.
08-11-2023
Read More
GST

Easy and Quick Steps to Make GST Payments in India

GST offers a quick and easy way to pay taxes as India moves toward digitization. Under the GST, the indirect tax process has become simple. It was a complex process in the past. Various taxes, including service tax, VAT, and others, had to be paid. The method for paying indirect taxes was also not very defined. The GST has made paying taxes simple. You may now quickly pay it to the government portal online or offline. Taxpayers now need not pay additional taxes. Under the GST, all indirect taxes have been put together into a single indirect tax system. [B-01] What is GST Payment? The complete form of GST is “Goods and Services Tax.” Under the new taxation scheme, “GST payments” were introduced for paying taxes. Accordingly, every registered firm and taxpayer must regularly submit their GST returns. To guarantee accessibility and transparency, the GST payment can now be done online. Additionally, under the GST system, all taxpayers will receive three electronic ledgers through their GST profiles: an E-cash Ledger, an E-credit Ledger, and an E-Liability Ledger. This article will help you understand the step-by-step guide on the ways to clear GST in India. Types of GST Payments Let’s look at the types of challans and GST payments you will need to fill out for your GST return. Regular Taxpayers Regular taxpayers should get the PMT-06 challan while submitting GSTR-3B. You can also make one and pay for it when you file a GSTR-3B return or when you log in. Quarterly Payment If you choose the GST QRMP scheme, you must deposit the tax within the initial two months of each quarter. When submitting GST R-3B for the third month of the quarter, you may directly use the PMT-6 and make a payment. Composition Scheme If you fall under the GST composition scheme, you must use the CMP-08 challan to submit your return. To file your GST return, you must include a summary of your sales for the quarter. Nil Taxpayers You fall under this category if you have nil purchases, sales, or taxes during the relevant tax period. You do not have to use any challan if you are a NIL taxpayer. How to Pay GST in India? Steps for paying the GST include creating a challan, paying online with Net Banking, NEFT, or RTGS transfers, and making an over-the-counter GST payment. Here are the steps for each mode of GST payment: Pay GST Through Net Banking Log on to www.gst.gov.in to access the portal for GST. To generate a challan, click on “Services > Payments > Create challan option” and enter your details. Go to Services > Payments > Saved Challan if you have already generated the challan. Choose Payment Mode and then click on “E-Payment.” Enter all the details and click on the “Generate Challan” button. Select ‘Net Banking’ from the list of E-Payment options. Choose the bank you want to use to pay your GST. Agree to all the terms and conditions. Make your payment for GST. Download the challan for your records upon successful payment. Pay GST Through NEFT/RTGS Log on to www.gst.gov.in to access the portal. To generate a challan, click on “Services > Payments > Create challan option > and enter your details. Go to Services > Payments > Saved Challan if you have already generated the challan. Download the challan by clicking on the relevant challan number (CPIN). Add the beneficiary’s information (Account No. and IFSC Code) from the challan. Transfer the challan amount (through NEFT or RTGS) to the new beneficiary. It takes 2-3 working hours for the payment to be updated on the site. You can download the challan once the payment status is changed to “paid.” Pay GST Over the Counter Choose “Over the Counter” as your payment method from the Payment Modes menu. Choose the name of the bank where you plan to make the deposit. Choose from cash, check, and demand drafts. Click on the “generate challan” button and print the challan. Take the printout of the challan and visit your selected bank. Make the GST payment using cash, a check, or a demand draft within the validity of the challan. How to Obtain GST Challan? You can get your GST challan by signing in to your GSTIN account or without it. Generating GST Challan Without Logging In Go to Services > Payments > Create Challan on the home page of the GST portal. Enter your GSTIN, temporary user ID, or tax preparer ID. Next, enter the captcha. Type the correct sums under the SGST, CGST, IGST, or other figures. After that, choose a suitable payment method. If required, provide bank information. Re-enter your GSTIN or other ID in the section to generate challans, then click on “PROCEED”. Click on “DOWNLOAD” to get the challan. Generating GST Challan by Logging In There is a button to generate the challan on the dashboard if you wish to develop the challan by logging in. The remaining steps to create a challan are the same. Put the correct figures in the sections and select the preferred payment method. Deadline for GST Payment Post Challan Generation The deadline for the GST payment depends on the date of generating the challan. If you are doing it online, you must pay the GST bill as soon as you generate the challan. However, you have 15 days to pay the GST if the mode of payment is offline. Also note: If the transaction is initiated but the payment status is “Awaiting Bank Confirmation” or “Awaiting Bank Clearance,” contact the bank. You can complain if the electronic ledger does not update upon online GST payment. You may file a grievance on the GST portal using form PMT-07. [B-02] Conclusion The GST payment and process are essential for every organization to continue operating. They must be familiar with the forms, schemes, due dates, etc. Remember to follow all the steps mentioned above in the correct order. Your GST payment and return filing will be quick and easy. You can skip going to the bank and save time by paying the GST online. If you need more guidance with the process, visit Piramal Finance. This online platform is what you need for help regarding relevant developments in the world of finance. For more information on financial matters or about personal loans, credit cards, and financial management, check out more blogs on their website!
08-11-2023
Read More
Personal Loan

Complete Guide on How to Earn and Redeem RBL Reward Points

RBL is one of the leading credit card issuers in India. RBL issues several co-branded and non-co-branded credit cards for its customers. But what makes the credit cards issued by this bank so popular? The answer is RBL reward points that are awarded on various transactions. Be it a welcome bonus, spending bonus, or regular purchases, you can earn handsome reward points with your RBL credit card. RBL allows credit card users to redeem these reward points for excellent RBL rewards. The bank has an extensive catalog of offers under its rewards program. RBL credit card holders can redeem their accumulated points against the offers in the catalog. Some options available include airline tickets, hotel stays, electronics, gift vouchers, dining offers, and several others. Read on to learn more about earning and redeeming RBL reward points. [B-01] RBL Reward Points: Important Facts All RBL customers are directly enrolled in the RBL reward program that comes with the credit card. Credit card holders need to activate the rewards program to earn RBL reward points. You can complete the process in a few simple steps through the RBL website or mobile app. One key fact you must note is that most reward points have validity, and you can redeem them within the given period. Most reward points have a validity of two years only. Please update your mobile number with the bank to ensure hassle-free redemption of reward points. There is no upper limit on the number of reward points that any RBL credit card holder can generate. The points are added based on the specified rewards program by the bank. You can check details related to reward points in the monthly statement. Steps to Redeem RBL Reward Points Every time you use your RBL credit card, you earn reward points. The RBL reward points are added to your account based on the applicable program. Some of the most popular RBL credit cards with applicable points are listed here: – Credit CardReward PointsRBL Bank Insignia Preferred Banking World Credit Card5 reward points for every spend of Rs. 100.RBL MoneyTap Black Credit Card2 reward points for every spend of Rs. 100 spent on travel, dining, and groceries.10 reward points for every spend of Rs. 100 for online transactions.RBL Bank Platinum Maxima Credit Card5 reward points for every spend of Rs. 100.8,000 reward points on using the card within two months of issuance.10,000 reward points on annual spending of Rs. 2 lakhs or above.RBL Bank Icon Credit Card2 reward points for every spend of Rs. 100.20 reward points for every spend of Rs. 100 on dining during the weekends.20 reward points for every spend of Rs. 100 on international transactions.RBL Shoprite Credit Card1 reward point for every spends of Rs. 100.20 reward points for every spend of Rs. 100 on grocery shopping.RBL Platinum Delight Credit Card2 reward points for every spend of Rs. 100.On weekends, 4 reward points for every spend of Rs. 100.RBL Bank Monthly Treats Credit CardWaiver of Rs. 50 on a monthly fee if spending during a month is above Rs. 3,000.10% cashback on certain online transactions on Swiggy and BMS.2x reward points on online transactions. RBL Reward Points: How to Redeem While the reward points are automatically added to your credit card, you must spend them manually. You can manually redeem all RBL reward points through the website or mobile app. Here are the steps you need to follow for RBL rewards: – Visit the RBL rewards website Use your login ID and password to access your credit card rewards program Select the category of gifts you are interested in, such as travel, electronics, etc. Select the products or services that you desire to redeem Click on the option for ‘redeem points’. On the next page, enter the exact number of reward points to use An OTP will be sent to the phone number that you have registered initially Enter the OTP on the page and then click on the next button You must make the payment, if any, using any available options. This option is required when reward points are lesser than required RBL Reward Points: Key Points Before you proceed to redeem your RBL reward points, here are some points you must note: – You can only use those reward points mentioned in the monthly statement or mobile app Reward points are available only for completed transactions You cannot club RBL reward points or transfer them to another card If reward points are used for gift vouchers, then you must use the vouchers before the last date RBL forfeits any unused reward points Reward points are unavailable on cash withdrawals, fuel payments, and credit card EMIs You cannot redeem RBL reward points for cash or against credit card bill payments Prevailing guidelines are applicable at the time of redemption RBL Reward Points: Popular Options Customers can use RBL reward points against various options included in the rewards catalog, such as: – Flight bookings Hotel stays Gift vouchers Online shopping Purchase of electronics Mobile recharges Several others [B-02] RBL has established itself as a leading name in the credit card market. Its vast range of credit cards enables users to maximize the benefits of RBL reward points. You must understand your usage pattern to determine your best RBL credit card. But use your credit card carefully. You must not use a credit card to earn reward points. Earning reward points is a benefit of using credit cards and should not be the only motivation for having a credit card. If you need help with finances, you can always take the help of a financial expert like Piramal Finance. They will suggest what’s best for you and take care of your personal loans
08-11-2023
Read More
Know More

What is meant by working capital, and what is its example?

Working capital may not be a topic you discuss often. It is an accounting concept that is vital to your firm’s success. This helps pay traders and workers who are planning for long-term, better growth. Working capital gives you a summary of the budget that you need to pay for your quick and short-term debts. Here are some points about the meaning of “working capital.” [B-01] What is Working Capital? A firm’s working capital is cash on hand for everyday operations. Working capital is a good sign of a firm’s working energy. Working capital is a monetary thing. It helps plan for future needs. It assures the firm of enough funds and cash equivalents to fulfill short-term obligations. It includes unpaid taxes and short-term debt. It can also fund a company’s growth without taking on debt. If any firm needs money, having a positive working capital position can simplify the loan approval process. This includes even other types of credit. How to Count the Working Capital? There is a method to count the working capital of a firm. The method is to subtract assets from drawbacks. In short, Working capital is equal to current assets minus current drawbacks There is a graphic balance sheet for summing up working capital. It will help you figure out what working capital is and what it means. Selling more of a firm’s goods will make for better working capital. The product costs $1,000 per unit, and the list costs $600. Thus, every team sold will result in a $400 increase in the firm’s working capital. It’s due to a gain in either cash on hand or accounts that you accept. You can select a firm’s role. You can compare its working capital to rivals in the same industry. For example, “A” has $40,000 in working capital, compared to “B” and “C,” which have $15,000 and $10,000, respectively. Thus, firm “A” can invest more money to expand faster than its two rivals. What Do Current Assets Mean? You can convert a firm’s liquid cash and other assets into cash in a year or less. They are often known as current assets. For example, some current assets are money in bank accounts, supplies, equipment, and short-term firms. What Do Current Liabilities Mean? It’s all the expenses and debts that a business pays within a year. That is a current liability. It includes things like accounts payable and unpaid taxes. What is a Working Capital Loan? The types of loans available on the market usually cover long-term expenses. Working capital is a type of loan that you use to pay daily operational costs. This line of credit covers expenses. It includes rent, payroll, and working capital loans. A firm can withdraw the money to cover its expenses. You can either borrow from the bank or from money lenders. These types of loans are usually not secured, which means they are not backed by collateral. To get approved for the loans, you need to provide documentation. For example, revenue proof and other legal proofs. But working capital loans have some different requirements. You do need to submit monthly revenue and income evidence. Difference Between Working Capital and Cash Flow There’s only a significant difference between the working capital and cash flow. The working capital shows the financial situation of a firm. At the same time, cash flow represents a company’s use of cash. You can calculate it over a specific time period, like monthly, quarterly, or yearly. Fixed Capital v/s Working Capital Every business needs capital to succeed. Without money, no business can function, and none can even exist. Working capital and fixed capital are the two types of capital that can be distinguished. Fixed capital indirectly helps the firm. Working capital directly benefits the firm. Long-term assets are purchased with fixed capital. But working capital is used to purchase current assets. Before the start of the business, fixed capital is needed. After the business is launched, working capital is needed. Fixed capital can’t be converted into cash instantly. Working capital can be converted into cash instantly. Fixed capital helps the firm for a very long period. Working capital helps the firm for a brief period. The use of fixed capital is strategic. The use of working capital is operational. Examples of How Working Capital Can Impact Cash Flow The cash flow statement of a company shows changes in working capital. Here are some instances where working capital and cash flow may be affected. There would be no change in working capital if a transaction increased current liabilities and current assets by an equal amount. For instance, a company’s cash flow statement would improve if it received money from short-term debt that needed to be repaid in 60 days. The amount payable would be a current liability because it is a short-term loan, and the loan proceeds would be a current asset, or cash, so there would not be an increase in working capital. A company’s cash flow would be reduced if it bought a fixed asset, like a building. While current liabilities would not change because they would be long-term debt, the firm’s working capital would decrease as the cash portion of current assets decreased. On the other hand, selling a fixed asset would increase working capital and cash flow. Because cash and inventory are current assets, working capital would remain unchanged if a company paid for inventory with cash. However, inventory purchases would reduce cash flow. [B-02] Conclusion: You can get the best read on your working capital needs from your small business lender. You also might need to be ready to take the steps for any event. A stable sense of working capital and its meaning may help you run your firm. It will also help you place it for its long-term growth. To learn more about working capital, visit the Piramal Finance website. It will help you know their products and services, especially credit cards and personal loans.
08-11-2023
Read More