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Credit Score

Top 10 Advantages of Having a Good CIBIL Score

CIBIL score is a number that shows how likely you are to repay a loan. It contains your credit history from lenders, credit reporting agencies, and third parties. Lenders trust you to pay back loans with interest if you have a good CIBIL score. This means that you can get loans at reasonable interest rates. Let’s take a quick look at a CIBIL score and the benefits of having a good CIBIL score. [B-01] What is a CIBIL Score? CIBIL scores are three-digit numbers between 300 and 900. It looks at how much you can afford to pay back. The best score you can get is between 750 and 900. If your CIBIL score is close to 900, you’ll have more access to various forms of financing. If your CIBIL score calculation is high, you are a good borrower. A higher CIBIL score makes you more likely to get credit because you constantly pay your bills on time. So, the risk of the lender not getting paid goes down. Lenders look at their CIBIL score before giving someone credit. If a loaner has no credit history or a low credit score, the lender may be unable to figure out how risky giving the loan is. It may turn the application outright high-risk. Top 10 Benefits of Having a Good CIBIL Score Low Interest Rates Applicants with a good CIBIL score calculation can get better rates of interest. If your credit score is high, you can expect to pay less interest on big purchases and loans like a mortgage or a car loan. A good CIBIL score helps you to get loans with lower interest rates. Fast Approval Everyone has financial needs. Today, loans may cover such demands. People with good credit might be able to get loans quickly. Every lender prefers a responsible borrower. If you have a good credit score, you may be able to get money quickly to pay for things you need. The money is deposited as soon as the lender agrees to the loan. Negotiating Power Lenders like people who repay loans on time. People with good CIBIL scores have the edge over lousy credit histories. This might make it easier for you to talk to the lender and get a better interest rate than other people. Increased Credit Limit Lenders set loan amounts and credit card limits on monthly income. CIBIL score calculation can also affect a person’s borrowing capacity. Lenders know they’ll get their money back when you have a good credit score. People with good payment histories and high CIBIL scores can get a bigger loan. Lenders may not want to give them more money if someone’s credit score is low. People with high credit scores can get a higher credit limit. Better Access to Pre-approved Offers Getting a personal loan from a bank is a fast and easy option if you have already been approved for one. Not every person can get one of these loans. Before any pre-approved offers, you’ll have to maintain your CIBIL score and account balances. If you have a good credit score, your bank or credit card firm might give you a loan with good terms. Availing Premium Features on Your Credit Card Your income and credit score play a role in determining your credit card limit. Lenders will also review your CIBIL score and report to figure out your eligibility. After that, they make decisions like on your credit card limit or offering you a rewards programme. Longer Loan Terms With a longer loan period, you may be able to make lower monthly payments or EMIs. Longer loan terms may increase the lender’s risk. You can apply for more time to repay with a better CIBIL score calculation, lowering your monthly cost. Access to Balance Transfer Facility The Balance Transfer Facility allows users to save the most on their loans. Using this tool, people can move their main debt to a lender with a lower interest rate. Before transferring loan balances, lenders check the CIBIL score calculation of people. Those with good credit can easily use the Balance Transfer option, but those with bad credit may have trouble. Simplified Rental Approval Process Many landlords are using credit scores as part of the screening process. Your chances of getting a home are much lower if you have a low credit score. If you have good credit, finding a landlord willing to give you a chance to stay is much easier. Better Insurance Rates Insurance firms look at your credit history to determine your insurance risk. Insurance premiums tend to be more expensive for those with lower credit scores. If you have a good CIBIL score, you will pay less for insurance than others for the same coverage. How to Increase CIBIL Score? Your CIBIL score is a good way to see your credit history. Your credit score is based on many things, like how well you’ve paid your bills in the past, what kinds of credit you have, how much you use credit, etc. Here are some tips on how to increase your CIBIL score: Keep a Good Track Record of Repayment Pay off any loans or credit card balances you have on time and in full. Your CIBIL score can decrease if you miss payments or pay them late. Paying off debts on time over a long period shows that you are responsible with credit. Don’t Use Too Much of Your Credit The credit usage ratio shows how much credit has been used. Keeping your credit usage ratio at 30% or less shows that you don’t depend too much on credit. If you keep this, your CIBIL score calculation will go up. You’ll have a better chance of getting loans and credit in the future. Do Not Apply for Loans from Many Places at Once Don’t apply for and ask about loans from many different places at once. It shows that you depend only on credit. This increases the number of hard inquiries on your credit report. Both of these things hurt your CIBIL score calculation. [B-02] Wrapping Up Getting a high CIBIL score is sometimes easy, but maintaining it is hard. It’s important to keep your mind on handling good credit habits by drawing awareness to those habits. This ensures you get rewarded for being careful with your credit. When you need the credit most, you can easily get it. If your CIBIL score is poor, you may improve it with the help of credit experts at Piramal Finance. They will suggest what’s best for you and help take care of your credit woes. You can also visit the Piramal Finance website and help yourself to the knowledge of wide-ranging financial products and services, especially credit cards and personal loans.
08-11-2023
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Home

Top 10 Centre Table Designs In August 2022

There are things that guests notice when they arrive at a new home. Apart from the entrance, the drawing room grabs the visitors’ attention. Interior designers believe that the right furniture reduces the need for expensive centre pieces. It is crucial to spend on basic elements of home décor to impart simplicity. A drawing room is the most important area of a house. To make it look more distinct, one can invest in non-traditional centre table designs. People usually invest in fancy sofa sets. But they often ignore the centre table or coffee table. However, these tables complement a designer couch when aligned correctly. [B-01] A good centre table design is stylish and practical. There is more to a centre table than its shape and size. Some latest table designs even come with storage. Therefore, a selection of centre tables for the drawing room must combine trendy designs with the spatial arrangement in the house. Below is a list of the best centre table designs of August 2022 for those planning to go in for redecoration. Before moving on to the list, let’s get a quick rundown of traditional centre table designs. Conventional Table Designs for the Drawing Room Those who like conventional patterns can always go with wooden and glass centre tables. Traditionally designed tables provide familiarity and warmth to an interior. Consider the following types of conventional table designs for your home: Wooden TableWooden furniture represents timelessness. The classic layout and finishing of the table lend a sense of serenity. Wooden tables made of teak or walnut offer both robustness and visual appeal. Glass TableA glass centre table is a mainstay in many households, as it showcases a hint of gloss in the living space. Most people invest in frosted glass so it doesn’t look too delicate to use. Glass centre table designs offer more interior styling. However, it is vital to buy a glass centre table with a strong metal base. Top 10 centre table designs trending in 2022 1. Metal tables A metal coffee table or centre table for the drawing room is a good furniture selection. Unlike a standard table option, it comes with patterns that elevate the simplicity of a room. Also, metal tables can support the weight of heavy objects such as fancy vases. However, metal tables with sharp edges and uneven surfaces should be avoided. 2. Rattan tables People can also go with tables made with rattan material if they want to add an eco-friendly touch to their household. These centre tables are great for outdoor use. The latest designs of rattan tables with fine crafting can make them suitable for drawing room interiors as well. Plus, these tables are budget-friendly. 3. Acrylic centre tables An acrylic coffee table or centre table is a design that comes with a cheaper glass alternative. But glass may not be a good choice in a household with children. This is why an acrylic table is an efficient investment. This table type can also be seen as an escape from conventional home interior patterns. Since it doesn’t have the design complexity of glass, it is the best option for the living area. 4. Modern design tables Modern design tables comprise edgy patterns that add structural elements to the living area. One can go with a simple rectangular table with a crafted base. Again, oval-shaped centre tables can also elevate the appeal of the drawing room. Circular tables have a distinct centrepiece mark. 5. Minimal centre table Those who prefer easy-going yet subtle designs can opt for minimalist table designs. In some ways, minimal designs add more edge to a drawing room by highlighting pragmatism. A minimal table pattern also reflects balance. 6. Abstract design centre table An abstract design centre table is an apt furniture selection for those focusing on the dynamics of the living room. These tables usually come in a blend of different materials, such as metal, acrylic, and wood. These tables serve decorative and practical purposes. 7. Classically crafted table Traditional furniture is never obsolete. You can always invest in a classic wooden or glass table to bring back the agelessness of the interior. A coffee table with an oval top made traditionally can add to the elegance of a traditional set of furniture. 8. Rustic centre table The furniture of a house can customise the ambience no matter where we live. Those who want to add a hint of rural living to their house can consider buying a centre table with a rustic design. These tables come with carvings around the edges. 9. Coastal centre table Coastal table designs have an ordinary structure with gaps around the base. These tables are designed to infuse light and create an airy ambience. These tables are usually made with a robust wooden base, while the top portion is made of glass or acrylic. 10. Vintage design table Unlike conventional table designs, vintage furniture pieces are made with unique and reused materials. Made with reclaimed wood, these coffee tables light up the room with a friendly appeal. [B-02] Conclusion Investing in quality furniture is an idea that will benefit you in the long run. If you are planning on remodelling or furnishing your new home and are wondering how to manage your finances with it, you can contact Piramal Finance for a finance consultation. Know how to apply for easy financial solutions like personal loans for such purposes.
08-11-2023
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Personal Loan

How to Calculate Foreclosure of a Loan?

No one ever wants to pay additional interest on a loan, everyone tries to pay off their loans asap. You might have taken a loan during a need but as soon as the funds are arranged, you want to close the loan. This procedure is called foreclosure of a loan. You can consider a foreclosure of a loan before the tenure ends by paying some pre-decided penalty and saving interest amounts. Here is how you can consider using a loan foreclosure calculator to know the exact amount of penalty to be paid in case of foreclosure. [B-01] What is Foreclosure Of A Loan? Let’s understand the term loan foreclosure in detail. Generally, you need to repay the loan using Equated Monthly Instalments for a decided period to cater to the amount. Here in loan foreclosure, the case is different. You can be debt free or free yourself from recurring EMIs by considering a foreclosure of a loan by paying the remaining principal amount and some pre-penalty charges. It will be a lump sum payment option to close the loan. This step to pre-close the entire loan amount before the due date is called loan foreclosure. You can pre-plan the foreclosing month after completing the lock-in period of paying EMIs. This pre-planning will help you to arrange the amount after foreclosure calculations. How to use the Foreclosure Calculator? Once you decide to foreclose the loan amount, your next step is to know the total repayment. Choose a month in which you will repay the amount. Then you can do loan foreclosure calculations to get an exact amount. Alternatively, you can also consult your lending partner. They will tell you penalty charges and offers if you are ready to foreclose the loan. The loan foreclosure calculator calculates the outstanding balance of the loan. It also shows interest amounts after analyzing the remaining EMI. Here are the components to calculate the loan Foreclosure amount. Total Loan Amount Pending Loan Amount Tenure to Close the Loan Rate of Interest Number of EMIs Paid Already Foreclosure Month Loan Foreclosure Penalty Charges Above mentioned factors will give you an idea of how much you will be paying extra on a foreclosure. Let’s take an example to understand better. Suppose you have taken a loan of RS 2,50,000 for your home. The repayment tenure is 24 months with an interest rate of 6%. After paying 6 EMIs, you wish to pre-close the loan in the 7th month. Now let us calculate the foreclosure amount considering these numbers. Below are the amounts you will get from the calculator. Foreclosure Amount Rs. 1,90,277 Monthly EMI Paid: Rs. 11,080 Interest Paid: Rs. 6,758 Interest Saved: Rs. 9,166 Interest before Foreclosure: Rs. 15,924 Foreclosure of Loan – Step-by-step Guide Every bank and financial institution has a slightly different payment process for loan Foreclosure. They also have a difference in charges and terms. So we suggest you follow the below-mentioned steps for loan foreclosure. Find the nearby branch You can’t foreclose a loan online. Therefore you will need to visit the nearest branch of your bank. You can also contact the customer care team and ask about the process. Submit an application The officer at the bank or the customer support representative will guide you through the process. In the next step, you will need to apply for a loan foreclosure. You can obtain the application form from the branch of your bank. Documents submission You will need to provide certain documents for foreclosing the loan. Attach the necessary documents mentioned by the bank. The most common are: Identify Proof PAN Card Aadhar Card Loan Document Loan Account Details Bank Statement for the proof of EMI payment Payment Here comes the crucial step for which you are reading this article. Your bank will check and verify your documents. Once done, they will calculate the loan foreclosure amount and inform you. It will include the remaining principal amount, penalty charges, and taxes. Post calculations, you will be asked to clear the due amount within the stipulated time. You get multiple payment options, like Demand Draft, RTGS, NEFT, or cheque. So you can choose any one of them according to your convenience. Document Receipts Your bank will do the rest of the formalities for loan foreclosure after clearing all the due payments. It involves stopping EMI reminders, returning all the original documents to you, and providing a clearance certificate. All these activities by the bank will take up to a couple of weeks. You will get the following documents: Acknowledgement letter Loan foreclosure payment receipt NOC to close a home loan No Due Certificate Loan Closure Certificate Inform Credit Rating Agencies This one could be the last step of loan foreclosure. Inform the credit rating agencies after paying the due amount and completing all the formalities. Rating agencies will update your credit score accordingly. It is crucial if you are planning to apply for another loan. What is the Loan Foreclosure Month? It is the month when you pay an outstanding loan amount before the due tenure. Your bank should stop EMI calculations and notifications from that month. You can refer to the before-mentioned example to know what foreclosure month exactly is. It is the 7th month you can consider to be a foreclosure month. What are the Penalty Charges for Foreclosing a Loan? You are liable to pay a certain percentage of the outstanding loan amount at the time of foreclosing. It is a prepayment penalty for loan foreclosure. This prepayment penalty charge varies from 2 to 5 per cent from bank to bank. You also have to pay applicable taxes. Every bank charges this penalty to compensate for the lost interest that occurs due to the prepayment of the loan. Do loan foreclosure calculations carefully and maintain your financial position. [B-02] Conclusion You need to have a plan and calculate a foreclosure loan amount. Consult your bank and apply the proper procedure as mentioned above. Also, make sure to inform your bank 30 days in advance that you are foreclosing the loan. Visit the official website of Piramal Finance to know the nuances of foreclosure of loans. Do not forget to check their products and services.
08-11-2023
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Education

Aadhaar and Ration Card: Online and Offline Linking

The Indian Government has recently made it mandatory to link a 12-digit unique identification number, also known as the Aadhaar number, with various services and documents. These include bank accounts, PAN cards, and mobile phone numbers. The latest addition to this list is the ration card. This article will tell you everything you need to know about linking the Ration Card with the Aadhaar number. This includes the steps to the Ration Aadhar link both offline and online. [B-01] What is a Ration Card? A ration card is a government-issued document that lets people buy food grains from the Public Distribution System (PDS) at a discount. As per the National Food Security Act (NFSA), 2013, eligible households are entitled to 5 kg of food grains per month. A total of 81 crore people in India are currently covered under the NFSA. Two Ration cards are issued in India – Above Poverty Line (APL) cards and Below Poverty Line (BPL) cards. APL Ration Cards are issued to households that do not fall under the poverty line as defined by the government. On the other hand, BPL Ration Cards are issued to households that fall below the poverty line. Ration cards are an important document as they help in availing various services provided by the government. For example, a person with a ration card can take advantage of programmes like the Pradhan Mantri Ujjwala Yojana, the Pradhan Mantri Jan Dhan Yojana, and the Ayushman Bharat—Pradhan Mantri Jan Arogya Yojana. Why is Linking Ration Cards with Aadhaar Online Necessary? The government has made it mandatory to link the Ration Card with the Aadhaar. The main reason is to weed out fake and duplicate Ration Cards. There are approximately 3 crore fake ration cards in India, according to estimates. Linking Ration Cards with Aadhaar will help the government weed out these fake cards and save on subsidies under the NFSA. Another reason for the Ration Aadhaar Link is that it will help directly transfer subsidies to eligible card holders. Earlier, subsidies used to be given either in kind or in cash through Fair Price Shops (FPSs). With the Direct Benefit Transfer (DBT) program, subsidies are now sent straight to the bank accounts of people who are eligible. To avail of the benefits of the DBT scheme, it is necessary to link the Ration Card with the Aadhaar card. This is because a bank account can be linked with the Ration card only if the Ration Card is linked with the Aadhaar number. How To Link a Ration Card With Aadhar? The government has provided two options to link the Ration card with the Aadhaar, and you can either do it offline or online; we have explained both methods below. Linking Ration card with Aadhaar offline The process of linking Ration cards with Aadhaar offline can be done by visiting the nearest Public Distribution System (PDS) shop. The following documents are required for the process: • Ration Card • Aadhaar number • Bank account details linked with the Aadhaar number The PDS shopkeeper will ask for these documents from the applicant. After verifying all the details, the shopkeeper will complete the seeding process. The applicant will then get an SMS letting them know that the ration card has been linked to their Aadhaar. Link Ration Card With Aadhar Online: The process of linking Ration Cards with Aadhaar online can be done by visiting the official website of the National Food Security Act. The following steps need to be followed for the process: Visit the official website and click on the “Aadhaar Seeding” option under the “Citizen Services” tab. Enter the required details, such as state, district, sub-district, block, and village/city. A list of PDS shops will be displayed on the screen, from which you must select your shop. Enter your Ration Card number and click on the “Show Details” option. The details of the head of the family, along with the members’ names, will be displayed on the screen. Enter the 12-digit Aadhaar number against each member’s name and click on the ‘Submit’ button. You will receive an OTP (One Time Password) on the registered mobile number. Enter this OTP in the given space and click on the “Validate and Save” button. A confirmation message will be displayed on the screen once the Ration Card is successfully linked to the Aadhaar. It is important to note that if someone does not have a mobile number registered with Aadhaar, they will have to visit the nearest PDS shop for seeding. It is important to note that you can link a Ration Card with the Aadhaar number only if you have a valid and active Ration Card. If the Ration Card has expired or has been cancelled, you will not be able to link it with the Aadhaar number. You can link only one Ration Card with an Aadhaar number, and the process will get rejected if somebody tries to link more than one Ration Card with the Aadhaar number. Advantages of linking Ration Card with Aadhaar There are many advantages to linking Ration Cards with Aadhaar: It makes sure that the benefits of government programmes are only given to the people who are entitled to them. It eliminates the possibility of counterfeit and duplicate ration cards. It helps curb corruption as there is no scope for intermediaries or agents. It enables transparency and efficiency in the system. It saves time as the process of authentication becomes easier and quicker. Thus, it is beneficial for citizens and the government to link Ration Cards with Aadhaar. [B-02] Conclusion These steps need to be followed to link the Ration Card with the Aadhaar number. It is important to note that linking the Ration Card with Aadhaar is voluntary and not required if someone does not want to. However, we suggest linking the Ration Card with Aadhaar, as it will help you avail of the benefits of the DBT scheme. Linking the Ration Card with Aadhaar is simple and easy, and it can be done both offline and online. If you need more guidance and assistance with this, visit Piramal Finance. This online platform is what you need to learn everything about 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
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Guide

Udyog Aadhaar – Eligibility, Registration Process, And Importance

What is Udyog Aadhaar? In India, every person has a unique ID in the form of an Aadhaar Card. In the same way, every Udyog, i.e., trade in India needs to have a unique ID. Thus, the Ministry of Micro, Small and Medium Enterprises (MSME) gives small and medium-sized firms an Udyog Aadhaar. It is also known as Aadhaar for firms. A 12-digit government ID number to register as MSME. It is a great way for new businesses to get an identity and trade in the Indian market. an Udyog Aadhaar aids small firms to get easy loans at a good interest rate by giving the least collateral. [B-01] Eligibility Not all firms can get an Udyog Aadhaar. Only those who fall under the MSME category will be eligible to get an Udyog Aadhar. The MSMEs are divided into two classes as per the laws of the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006: Manufacturing firms are those that produce or make goods for any of the industries listed in the first schedule of the Industries (Development and Regulation) Act of 1951 or that use plant and machinery to add value to a final product so that it has a unique name, work, or use. Service firms are those that offer or supply services and are classified as per their equipment investment. Nature of FirmUAM CategoryTypeInvestment in plant & machineryMicro EnterprisesAManufacturingNot more than 25 lakh rupees Micro EnterprisesBServiceNot more than 10 lakh rupeesSmall EnterprisesBManufacturingMore than 25 lakh rupees but does not exceed 5 crore rupeesSmall EnterprisesEServiceMore than 10 lakh rupees but does not exceed 2 crore rupeesMedium EnterprisesCManufacturingMore than 5 crore rupees but does not exceed 10 crore rupeesMedium EnterprisesFServiceMore than 2 crore rupees but does not exceed 5 crore rupees Udyog Aadhaar Filing The MSME filing process is also known as Udyog Aadhaar Registration. But this process has now been replaced by the Udyam filing. This is an update to the previous version. This process needs the least documents and is very quick. If you want to register your firm, all you need to have is your Aadhaaar details. What is Udyam Filing? MSME will now be known as the Udyam Aadhaar after the government of India made a new MSME filing scheme on July 1, 2020. This is also known as the Udyam filing. The Indian government has taken many steps to ease trade and aid the Atmanirbhar Bharat Scheme. At the moment, all MSMEs must get Udyam filing. Not many documents are needed. There is no need to upload any documents. Only the Aadhaar and PAN card data are needed for Udyam filing. The main documents needed to get an Udyog Aadhar along with the PAN card and Aadhaar card are: Name of the owner. Name of the firm. Address of the firm. Category in which the firm is applying. The type in which the firm carries out its business. Bank account data. NIC code. Employees’ data. DIC data. Date of starting of the business. The process to register a firm with Udyog Aadhaar is as follows: Visit https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx On this web page, enter the Aadhar data of the owner of the firm. The owner will get an OTP on their phone no. After entering the phone number, they will get a link to fill out the Udyog Aadhaar form. After filling out the form, they will get an Udyog Aadhaar Certificate within 15 to 20 days by email. They can even get the certificate from the official website of Udyog Aadhaar after the processing time has passed. Those MSMEs which had registered under the older version of the Udyog Aadhaar filing, called Udyog Aadhar Memorandum (UAM), can now easily switch to the Udyam filing Portal or file for a Udyam filing afresh. It is a very quick and time-saving process. The best thing is it is done free of cost. Why is Udyog Aadhaar Vital for Small Businesses? There are many perks for firms having an Udyog Aadhaar. Some of them are: The trades having an Udyog Aadhaar will be given financial aid so they can exhibit their goods at the international level. These firms can apply for MSME loans at a low rate of interest. They can also apply for a no-collateral loan. Also, they can apply for government subsidies in many schemes. The filing would make it easier to open current bank accounts in the firm’s name without any issues. Also, it would enable firms to apply for small government loans and other such schemes. The firm owner can easily waive the stamp duty and filing fees. The firm can also get perks under direct tax laws. The owner can get a subsidy on barcode filing. Those firms that submit an application to the electrical department with their filing certificate can even get a discount on their electricity bills. The firms with this filing will be given an edge over the others when applying for government tenders. When applying for government tenders, these registered MSMEs will get special perks. They can even apply for an IPS subsidy. These firms also get protection against delayed payments by buyers. [B-02] The Bottom Line Thus, MSMEs should get the full benefit of the Udyog Aadhaar scheme, which is made by the government of India’s ministry for MSMEs. The Udyog Aadhar filing process is now just called the Udyam registration. Thus, both of them should not be confused with each other. Also, after the free Udyog Aadhar filing, various perks offered to the firms make it a very useful scheme for MSMEs. If you want to read more such articles and gain insights into such vital financial products and services, visit Piramal Finance right now!
08-11-2023
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Education

Process of Linking an Aadhaar Number to an EPF Account

The Employee Provident Fund (EPF) is one of the best savings programmes for employees. It allows you to save a small number of your monthly payments and build up a big amount for the future. Adding Aadhar to the EPF account makes it easier to withdraw or transfer funds. It also has many more benefits that will be covered in the sections further. You must have a Universal Account Number (UAN) to access all prior and current PF accounts. Each employee contributing to the EPF is given a UAN – a 12-digit unique number. Following the steps given below, you may link UAN with Aadhar online and offline. To complete this procedure online, you would need the UAN. [B-01] What Are the Perks of Linking Aadhaar to an EPF Account? Employee Provident Fund Organization (EPFO), which has over 4 crore subscribers, urged its users to link UAN with Aadhaar. This will allow quick verification of information. The following are some of the advantages of linking Aadhaar to the PF account: When your Aadhaar is linked with the UAN and EPF, the chances of having a discrepancy are low. This is because the information will be the same as the Aadhaar card information Reduces the chances of a duplicate account Employer’s attestation is not required to withdraw the PF amount. The whole procedure can be completed online and without difficulty The Aadhaar card information will appear under the ‘Approved KYC’ page after the approval of linking How to Link UAN with the Aadhar Card Offline If you are unable to link UAN with an Aadhar online then you can do so by visiting your local EPFO office. The steps that must be taken to link UAN with Aadhar in offline mode: Step 1 Get the “Aadhaar Seeding” application form from the EPF branch Step 2 Fill out the form and enter the UAN, Aadhaar, and other information Step 3 Self-attest the copies of the PAN, UAN, and Aadhaar with the form Step 4 Submit the form to an EPF office or Common Service Centre also called CSC Step 5 After verification, the EPF account will be linked to your Aadhaar Step 6 Lastly, you will get a message on your registered mobile number How to Link UAN with the Aadhar Card Online Here are three steps to link Aadhar with PF account online: Using the UMANG App to Connect the Aadhaar & EPF Account UMANG (Unified Mobile App for New-age Governance) is a project of the Government of India. By adhering to the steps below, one may simply link Aadhaar with the PF account using the UMANG app: Step 1 To begin, open the UMANG app Step 2 Go to the ‘All Services Tab’ and select the ‘EPFO’ Step 3 Go to the EPF section and choose “e-KYC services” Step 4 Under “e-KYC Services,” choose “Aadhaar Seeding” Step 5 Now, add your UAN and click on “Get OTP” Step 6 You will receive an OTP on the registered mobile number with your EPF account Step 7 Enter the Aadhaar information after the OTP verification is done Step 8 Then, wait for another OTP to be sent to the registered cellphone number and email address Step 9 After verifying the OTP, the UAN will be linked to the Aadhaar number How to Link UAN with Aadhar Using Biometric Details You can also use your biometric credentials to link your Aadhaar with the PF account. This can be done through e-KYC on the EPFO site by following the steps below: Step 1 Go to the EPFO website and choose “Link UAN Aadhaar” from the “EPFO Members” option Step 2 Enter your UAN number. An OTP will be sent to the mobile number registered with UAN Step 3 Insert the OTP and click “Submit” Step 4 On the next screen, enter your Aadhaar card number Step 5 Choose the method of Aadhaar verification, using biometrics Step 6 Biometrics will be taken using the biometrics device which is registered Step 7 The data will now be checked against UIDAI data. Aadhaar will be added to the EPF account after successful verification Link UAN with Aadhar using OTP Verification on EPFO’s e-KYC Portal You can link your Aadhaar using OTP-based verification on the EPFO website’s e-KYC portal. For OTP-based verification of the UAN Aadhar Link, follow the steps below: Step 1 Go to the EPFO’s official website Step 2 From the “EPFO Members” menu, choose “Link UAN Aadhar” Step 3 Add the UAN number. You will receive an OTP on your registered mobile number Step 4 Once the OTP verification is done, add your Aadhaar details. Now choose the method of Aadhar verification as email-based OTP or mobile number Step 5 Next, an OTP will be sent to the registered mobile number with Aadhar and email address Step 6 After the information has been validated, the Aadhaar number will be successfully linked to the EPF account [B-02] Conclusion The process of claim settlement can become hassle-free by linking an Employees’ Provident Fund (EPF) account to Aadhaar. UAN Aadhar Link is important, as it helps employees to withdraw or transfer their money easily from EPF. The Employees’ Provident Fund Organisation (EPFO) has taken many steps to encourage employees to link Aadhar with their PF account. UAN is required for all workers and facilitates transferring and withdrawing funds from EPF. By linking Aadhar with UAN, all of the EPF accounts will also be connected to the Aadhaar. One can check out Piramal Finance’s website to learn more about linking Aadhaar with a PF account. For more information on financial matters or about personal loans, credit cards, and financial management, check out the blogs and products on their website!
08-11-2023
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Electronics

Top 10 Best AC (Air Conditioners) in India

Summers in India can be pretty exhausting. The rising temperature and increasing humidity make it unbearable for anyone to be comfortable. While there are many types of home appliances that help in cooling a room or the house, air conditioners are the most preferred option. So, are you looking to buy an air conditioner for your house? Are you searching for the Best Ac Brand in India? If yes, then this is the right place to know all! Keep reading this article to find the best AC In India. Know about the best brand names, specifications, prices, pros, cons and much more. [B-01] 1. Whirlpool 1.5 Ton Inverter Split AC This 1.5 ton capacity split AC by Whirlpool comes withan inverter and a compressor that supports variable speed. It is perfect for any medium-sized room. The copper condenser coil of the air conditioner offers better cooling with minimum maintenance efforts. This AC is also environmentally friendly and comes with a 5 Star energy rating. This makes the AC one of the best AC in India. Specifications Capacity: 1.5 Tons Voltage: 230 Volts Wattage: 1325 Watts Material: Plastic Item Weight: 36 kg Item Dimensions: 100 x 29.5 x 23 centimeters Available Colours: White Installation Type: Split system Annual Energy Consumption: 826.39 Kilowatts Included Components: 1 each of Indoor Unit, Outdoor Unit, User Manual, Remote, Installation Pipe and Wire Price: Rs. 36,490 ProsCons5-star energy ratingComplaints of poor customer serviceComes with a special dust filter feature 5 years warranty on the compressor 2. LG 1 Ton Inverter Split AC This AI smart inverter by LG has various smart features. It adjusts its speed and tonnage based on the heat condition of the room. The AC features 6 different modes of cooling, allowing you to set the temperature based on the heat and crowd inside a room. Other features of this LG air conditioner are a dual inverter, convertible 4-In-1 cooling, Ez Clean Filter, 4-way swing, monsoon comfort and smart diagnosis system. Specifications Capacity: 1 Ton Voltage: 230 Volts Wattage: 938 Watts Material: Plastic Item Weight: 32 kg and 100 grams Item Dimensions: 18.9 x 83.7 x 30.8 centimeters Available Colours: White Installation Type: Split system Annual Energy Consumption: ‎571.99 Kilowatt Hours Included Components: ‎1 each of indoor and outdoor units as well as remote and interconnecting pipe; and 2 each of manuals with a warranty card and batteries Price: Rs. 39,690 ProsConsDual inverter compressor for faster coolingInstallation charges may vary for some areasLess noise operation HD filter with anti-virus protection 3. Daikin 0.8 Ton Fixed Speed Split AC Another Best Ac Brand in India, Daikin’s 0.8 Ton Fixed Speed Split AC is a budget-friendly split air conditioner. This comes with a non-inverter compressor that offers quick cooling. The copper condenser coil ensures low maintenance costs. The Coanda airflow feature offers a uniform cooling system around the room. Specifications Capacity: 0.8 Tons Voltage: 230 Volts Wattage: 709 Watts Material: IDU – High-grade plastic and ODU – HDZP Steel Sheet Item Weight: 36 kg Item Dimensions: 80 x 22.9 x 29.8 centimeters Available Colours: White Installation Type: Split system Annual Energy Consumption: 548.84 Kilowatt Hours Per Year Included Components: 1 each of indoor and outdoor units, remote control, warranty card, user manual, and a 3m copper wire or interconnecting pipe Price: Rs. 25,999 ProsConsPM 2.5 filter to trap fine air particlesNo temperature display in the indoor unitZero Ozone Depletion Potential (ODP) Dry Mode Function for automatic dehumidification 4. Blue Star 1 Ton Portable AC If you are looking for a Portable Ac instead of the usual split or window air-conditioners, this unit by Blue Star brand is one of the best. It efficiently cools small to medium-sized rooms during summers and monsoons. The castor wheels allow easy movement from one room to another. It also features an anti-bacterial silver coating that sterilises the air inside and prevents several airborne diseases. Specifications Capacity: 1 Ton Voltage: N/A Wattage: 1350 Watt Material: Plastic Item Weight: 32 kg and 800 g Item Dimensions: 39.7 x 48.7 x 76.5 centimeters Available Colours: White and Gray Installation Type: Portable Annual Energy Consumption: 2.56 Kilowatt Hours Included Components: 1 each indoor unit, remote, user manual, installation kit and warranty card Price: Rs. 35,900 ProsConsEasy to carry and use around a propertyNo child lockHydrophilic Gold Fin for ProtectionNot useful for very hot and humid regionsAutomatic modes 5. Panasonic 1.5 Ton Wi-Fi Twin Cool Inverter Split AC The Wi-Fi technology split AC features twin cool inverter compressors. It offers the most energy-efficient cooling solution during hot and humid seasons. Made by another Best Ac Brand in India, this offers low-noise working and hands-free options. It also features Alexa plus Google assistant voice control operations. Specifications Capacity: 1.5 Tons Voltage: 230 Volts Wattage: 1360 Watts Material: Plastic Item Weight: 12 kg Item Dimensions: 107 x 23.5 x 29 Centimeters Available Colours: White Installation Type: Split system Annual Energy Consumption: 840.75 Kilowatt Hours Included Components: 1 each of indoor and outdoor units; remote control, holder and screw for holder, user manual, copper tube, warranty card, power supply cord and 2 AAA Batteries. Price: Rs. 41,990 ProsConsEasy hands-free and voice assistant operationNoisy during switch-on and offAnti-Corrosion Blue Fin Technology 5-star energy star rating Overall Best Ac In India Among the list of every Best Ac Brand and their air conditioner unit available in India, the best buy is perhaps the LG 1 Ton Inverter Split AC.Thi provides AI smart inverter technology for a seamless air cooling experience. It also features 6 different modes of cooling and 4-way swing modes for additional comfort. [B-02] Final Takeaway Buying an air-conditioner is not a difficult task anymore. The market is filled with reputed brands offering world-class air conditioners. However, you need to check the different features available in the different AC units. Take note of the features that you require and select the one that suits your budget. The brands mentioned above and the air conditioners listed are some of the best options. Hope this information helps you in making your choice for the best AC in India. Piramal Finance is one of the best financing solutions for shoppers who want to buy the best AC in India in different price ranges. You can always visit Piramal Finance’s website to know more about their offerings and services, such as EMI, personal loans, credit cards, etc.
08-11-2023
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Electronics

Top 10 Best Fully Automatic Washing Machines In India

As the world progresses, newer and better technologies are being designed and manufactured. This is also true for home appliances such as washing machines. But, with so many advanced technologies introduced in washing machines, it also becomes a hassle to choose the best washing machine in India. Here is our list of the top 10 best fully automatic washing machines in India. This list will give intel on the best washing machines in India. So, do keep reading. [B-01] Best Washing Machines in India 2022 LG 6.5 kg 5 Star Smart Inverter Top Loading Washing Machine The LG 6.5 kg 5-star smart inverter fully automatic top-loading washing machine is one of the best washing machines in India. The machine has a capacity of 6.5 kg which is perfect for a family of 4 or 5 members. LG’s smart appliance automatically adjusts energy consumption to the optimal level based on your needs.The machine’s motor is protected by a BMC, which keeps it clean, preventing dust and insects from getting inside as well. Price: INR 14,190 Panasonic 6 kg 5 Star Top Loading Washing Machine The Panasonic 6 kg 5 Star is a stylish and durable washing machine, perfect for small families or bachelor renters. With its rust-proof body, it will last through many years of use! The stainless steel drum is gentle on clothes and ideal for dirt removal. In addition, the high-speed rotation of this machine dries laundry while being safe from bacteria. The washing machine has clever fuzzy control technology that understands what clothes the user is loading it with and then suggests how much water to use. Price: INR 13,490 Godrej 6.2 kg Top Loading Washing Machine The Godrej Top Load Washing Machine is the perfect addition to any home! Made with a 5 to 8 minute pre-set wash program, this machine will get clothes clean without sacrificing time or trouble. It also comes equipped with an automatic soak feature that helps remove stains effectively, making it one of the best top-load washing machines in India. This washing machine has 5 different programs to suit the user’s needs, and its Child Lock feature ensures that the user can disable the control panel, so it doesn’t get ruinous. Price: INR 17,900 Whirlpool 7 kg 5 Star Royal Top Loading Washing Machine This stylish and economical top-loading washing machine comes with a fluid display, giving it an edge over other competitors. The sleek design also makes for easy management of laundry needs in any setting! The magic lint filter in this washing machine is a one-of-a-kind innovation that will keep it clean and running smoothly. With this ingenious piece, users can finally stop worrying about all those little pieces of string or fibre getting stuck in between cycles! The washing machine’s 3-button control panel offers easy access to 12 different wash programs designed for any fabric type. Price: INR 15,490 LG 7.0 kg 5 Star Smart Inverter Top Loading Washing Machine This energy-efficient fully automatic washing machine from LG comes with smart inverter technology that eliminates wasted operations and ensures the best performance. The washer has a Turbo drum that makes it very powerful and removes the toughest dirt through streams of water. The quiet, eco-friendly washing machine motor is protected by BMC Motor. This means it’s free from dust and insects, so users can keep their clothes clean without worry! The washing machine has six wash options for getting clothes clean. Price: INR 17,990 LG 9.0 kg 5 Star Smart Inverter Top Loading Washing Machine The stainless steel rust-proof body of the LG 9 kg ensures that laundry stays hygienic, while its efficient and durable design make it one of the best top-load washing machine options for those with limited space or who go on vacation frequently. The washing machine has a turbo drum that spins at high speeds to remove dirt and clean the clothes.The inverter in this smart washing machine automatically adjusts the power level to suit the user’s needs. Furthermore, it includes three mini pulsators and one main pulsator to create a vertical water stream that mixes laundry up and down repeatedly for even washing. Price: INR 27,490 Samsung 6.0 kg Inverter 5 Star Front-Loading Washing Machine The Samsung 6.0 kg Inverter 5 Star Fully Automatic Front-Loading Washing Machine is a perfect choice for those who want the latest and greatest laundry technology without sacrificing convenience or style points. The Samsung Fully Automatic Front-Loading Washing Machine is an excellent appliance that offers many features. It has a hygiene steam function, an energy-saving digital inverter, a ceramic heater, and an anti-theft system with an LED display that shows the machine’s current steps. Price: INR 21,990 IFB 6.5 kg 5 Star Front-Loading Washing Machine The IFB 6.5 kg fully automatic washing machine comes with the capacity of clean clothes thoroughly and without any damage, even delicate ones! The 3D wash program helps dig deep into the dirt to get completely clean every time. The high-visibility touch panel with LED light makes operating this device a breeze. The heavy-duty water jets of this washer ensure that all clothes are thoroughly soaked and dissolved with detergent. Price: INR 16,590 Bosch 7 kg 5 Star Front-Loading Washing Machine The Bosch 7 kg 5 Star Inverter Touch Control Fully Automatic Front-Loading Washing Machine is the perfect laundry appliance for those who are looking to enjoy clean clothes without worrying about bacteria. This machine comes equipped with an exclusive anti-bacteria feature that will keep whites fresh, bright, and whiter than ever! With its 256 load sensing levels and optimised water usage, this washing machine will leave clothes cleaner than ever before. It also has a unique drum system that helps optimise the amount of time spent inside each cycle for better results. Price: INR 31,490 IBF 8 kg Front-Loading Washing Machine The IBF 8 kg Front-Loading Washing Machine is one of the best front-loading machines on the market, and it offers all the above benefits and more. With its large capacity and wide range of features, it is perfect for just about any household. IBF front-loaders use less water and energy than top-loaders, and they also tend to be more gentle on clothes. Price: INR 36,990 [B-02] Conclusion So, these were some of the best washing machines in India that one could buy right now. One should consider his or her needs and budget before purchasing to ensure that they get the best machine for themselves. If one needs help with appliance purchases or other aspects of the housing budget, one can get in touch with the experts at Piramal Finance for assistance. Visit Piramal Finance’s website to get an insight into their easy financing solutions, such as credit cards, personal loans, EMIs, and more.
08-11-2023
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Electronics

Best Fully Automatic Washing Machine in August 2022

Want to buy a fully automatic washing machine? Then this handy guide is for you. It has all the information about the best fully automatic washing machines available on the market. This includes the best features, pros, and cons. Semi-automatic washing machines require some human intervention. You need to set the wash time, water level, fabric type, etc. With a fully automatic one, you need to select the washing mode and the type of fabric. It will calculate the wash time and water level required on its own. It also allows for soaking, washing, and rinsing in the same tub. Semi-automatic machines do not have this feature. They also provide much better wash quality in comparison to semi-automatics. These are the main reasons why you must buy a fully automatic machine. Now, let us take a look at the best fully automatic washing machines. [B-01] 1. LG 6.5 kg 5 Star Inverter LG washing machines are some of the best in India. This front-loading washing machine comes with an amazing design and an alluring white color. The black LED display panel gives an amazing contrast to the white color. It has an amazing Smart Diagnosis feature. It will find out if there’s any fault in the system by itself. You can download the LG SMART THINQ app to use this feature. Top Features: 1000 RPM Wash Delay Tub clean spin 6 Motion direct drive technology 5-star energy rating 10 wash modes with a waterproof touch panel In-built heater for temperatures up to 95 °C ProsConsEase of useClothes loading issuesMinimal sound and vibration 2+ years warranty Price: Rs. 29,990 2. Samsung 6.0 kg 5-Star Samsung has been a reliable brand for the past 23 years. This front-loading washing machine lives up to that standard. It is ideal for a family of bachelors and couples. The machine works with minimal noise and vibration. The drum has diamond-shaped holes, which help to reduce wash-related damages. Top Features: 1000 RPM 10 wash programs Digital Inverter Motor technology 5-star energy rating Hygiene Steam ProsConsEase of use Slight vibration because of the high RPMDiamond Drum 2+ years warranty Price: Rs 21,990 3. Godrej 6.0 kg 5 Star This is an affordable, top-loading washing machine with an auto-balance system. This system detects load imbalances and rearranges clothes inside the drum. This feature helps to reduce vibrations. This machine is available in gray with a matte finish. Top Features: 700 RPM 6-Turbo pulsator technology Acu-Wash Drum 9 wash modes Toughened glass lid ProsConsModerate price with good performanceBit noisyAcu-wash Drum 10 years warranty on motor Price: Rs. 13,690 4. IFB 6 kg 5-Star This front-load washing machine is one of the leaders in this category. IFB is an Indian manufacturer and is leading the washing machine segment. This silver-colored machine comes at a reasonable price. This machine is compatible with the use of a water softener. Using this, you can reduce the TDS level in hard water. The. It has in-built low voltage protection. Another great feature is the 3D cradle wash technology, which gives excellent wash quality. Top Features: 1000 RPM Trishield warranty protection 10 wash modes Allergen-free wash with Power Steam and Heat Wash Crescent moon drum design Aqua Energie for less water usage ProsConsHeated wash Installation issues4 years warranty on the product 10 years warranty plus spares support on motor Price: Rs. 27,990 5. Bosch 6 kg The German brand is a big name due to its superior quality. This front-loading machine has a white-colored steel body. It comes with an anti-tangle drum to ensure efficient washing and drying. The ReLoad function allows you to add clothes after the cycle starts. Top Features: 1000 RPM Vario Drum for more dirt removal Anti-vibration panels on the side to reduce vibration ActiveWater Plus to maintain the hardness of water 15 wash modes Self-cleaning detergent tray ProsConsVario Inverter MotorOnly 2 kg allowed in some programsAnti-vibration panels In-built heater Price: Rs 25,990 6. Whirlpool 7.5 kg Whirlpool is another common household name in India. This top-loading washing machine is available in a dark gray color. Because of the 7.5 kg capacity and 12 wash modes, it is suitable for large families. Another great feature is the Aqua Store technology. This helps to store water for the next wash in case of a shortage. Top Features 740 RPM 6th Sense Technology to adjust water level in low voltage Zero pressure fill technology that fills the drum with 50% water pressure Power Scrub feature for stubborn stains 12 wash modes Hard Wash Water Technology ProsCons3-button washing action A bit noisy Spiro Wash Action Magic lint filter Price: Rs 18,500 7. Haier HWM65-AE 6.5 kg Haier offers this top-loading machine in gray.The blue lid and the control knobs offer great contrast. It allows for efficient water flow and abrasion-free washing. It also has the Balance Clean Pulsator technology. This allows water and detergents to penetrate deeply and ensure a splendid wash. Top Features: 800 RPM Oceanus cube drum 8 wash modes Bionic Magic lint filter ProsCons5-star energy ratingA bit noisy 2-years warranty Bionic Magic lint filter Price: Rs. 13,990 [B-02] Overall Verdict A great washing machine can be determined based on these factors: Drum size and design Hard water usage Noise and vibration Inbuilt-heating Energy rating Brand warranty and price Based on these factors, the best fully automatic washing machine is the IFB 6 kg 5 Star Fully-Automatic Front-Loading Washing Machine for Rs 27,990. There are no fully automatic washing machines under 10,000 available in the market. So, if you have a limited budget, go for a semi-automatic washing machine under 10000. Piramal Finance offers financing solutions like credit cards and personal loans for shoppers looking for the best fully automatic washing machines. Visit Piramal Finance today to learn more about our financial offerings and services.
08-11-2023
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