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What Is A Cancelled Cheque, And How Does It Look Like?

A cheque is a document issued by a bank to the account holder. If you have a chequebook, you will find several cheques in it. Each cheque contains vital information about your bank account. A cancel cheque image displays your name, account number, bank address, cheque number, date, and IFSC code. You can use a cheque to pay various utility bills, school fees, insurance premiums, etc. However, you cannot use a cheque to check your bank balance. Google ‘bank balance check number‘ to be landed on websites that provide information about checking bank balance. Piramal Finance has a straightforward procedure and bank balance checking numbers. If you wish to share your bank details, you can send them a cancel cheque image from your chequebook. Beware not to send a blank cheque. Your empty cheque can be misused to withdraw money without your consent. Wondering what the difference between a blank cheque and a cancelled cheque is? [B-01] Blank cheque vs. cancel cheque image A blank cheque is a cheque with only printed details that come in default from the bank. Nothing is written on a blank cheque. On the canceled cheque, you must write “CANCELLED” across the cheque by drawing two parallel lines. Dividing the two parallel lines diagonally from the bottom left of the cheque to the top right is recommended. Between the two parallel lines, you have to write the word “cancelled.” This conveys to your bank that you have canceled the cheque. Cancel cheque images from a friend or bank representative will help you understand in detail how you can mark a cheque canceled. You can also inform your bank that you have canceled a cheque. Make sure you tell your bank the cheque number. Once canceled, you cannot use it for any purpose. When do you require a canceled cheque? A canceled cheque becomes essential when there is a need for KYC (know-your-customer) or to prove you have a bank account with a particular bank. A cheque gives the other person confidence that you maintain a sufficient balance in your account. Also, in the case of payment failure, the concerned party can take the necessary action based on a canceled cheque submitted. When you are asked by an insurance agent or a loan agency, make sure not to sign anywhere on the cheque. A canceled cheque is necessary for various situations, including those that are explained in more detail below: EPF account A canceled cheque is required to withdraw the funds from your EPF account. Without a canceled cheque, The EPF will not release your money from your EPF account. Bulk posting The electronic clearance service, or ECS, refers to the movement of funds from one bank to various other bank accounts. Before allowing you to use this feature on your bank account, the bank will require you to submit a cheque. However, raising a cheque to know your account balance is unnecessary. You can find the bank account balance using a toll-free number to check your bank balance. EMIs Suppose you’re paying off your loan or credit in easy monthly installments. In that case, your bank or NBFC will ask you for a canceled cheque before confirming that you can afford to make payments (EMIs). Your bank should have sufficient money at the time of withdrawal. Perform bank balance checks using numbers provided by the banks. Demat account To open a Demat account, the agency will require you to produce a canceled cheque alongside other KYC documents, such as proof of identification, address, etc. It is in addition to the documentation needed to demonstrate that you are who you claim to be and reside where you claim to dwell. Insurance application When applying for insurance coverage, you must present a canceled cheque as evidence of having a bank account. Alternatively, insurance providers also accept account statements or a bank passbook photocopy. Can I get a cheque canceled online? Cancelling cheques is a common practice in the banking industry. Apart from the uses mentioned above, there are other reasons why you need to cancel a cheque. If the cheque is issued, but you want to stop that payment, or when you have paid using other means to the payee. It can be an efficient way to avoid owing money; save time and money. There are a few ways to cancel cheques online. Some standard methods include online banking, phone banking, or conveying the information to the bank through a phone call. Want to know how to cancel a cheque in detail? Be sure to ask your bank or Piramal Finance-like financial institutions. Canceling a cheque can save you time and money, so make sure to do it before something important arises. [B-02] Secret tips to prevent misuse of a canceled cheque A secret tip that most of the articles on the website do not tell, but you find here is – Make the cheque pre-dated by three months. For example, if you are issuing a canceled cheque on September 16, 2022, write the date on the cheque as 15/03/2022 or earlier. This way, even if someone tries to use your cheque, it will be impossible to use, as a cheque is valid for only three months. Also, write “NONE” in the payee blank on the cheque. Now, in the amount blank, write “Rupees Zero only.” After doing all this, strike two lines from the bottom left corner of the cheque to the top right corner. In between these lines, write “Canceled.” This way, the cheque is protected from any form of misuse. Many websites on the internet provide tons of information on canceling cheques. At Piramal Finance, you will find authentic and personalized information on financial products and services, including various loans and financial calculators.
08-11-2023
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Cards

Signs of wrong Credit card usage

Have you ever received calls about credit card needs? The representatives even offer attractive discounts. The whole cashless concept sounds easy and convenient. You don’t need to carry multiple bundles of cash. Yet, you have access to funds all the time. There is no stress of thefts or robberies also. A credit card indeed has many benefits. So much so that credit card usage jumped 48% in March 2022; however, you must also understand a credit card's disadvantages. Missing the bill payment date will result in a penalty. It will also lower your credit score. Hence, you need to be careful while using it. Sometimes, you may not even realize you are using it wrong. However, it may land you in trouble. This article will help you to avoid these situations. Incorrect Credit Card Usage Credit cards have many uses. But if you are not careful, these pros may turn into cons. Here are some examples of credit card usage that are not good for you. You only pay the minimum due amount. Your credit card statement shows your credit card usage, total bill, and minimum due amount. You must pay the minimum due amount to avoid late charges. The minimum amount is usually 5% of your total amount. You can pay this amount rather than the total bill. But, the problem occurs when you only pay for that amount every month. This way, your debt will never end. You will keep paying it off for years. Also, the non-repayment balance will attract interest. You have a high credit utilization ratio. When you apply for a credit card, you get a credit limit on the card. It depends on your income and repayment capacity. A credit limit determines how much total credit you have and can use. The credit utilization ratio shows how much credit you’ve utilized. It reflects your credit card usage. A low credit use ratio shows lenders you are not hungry for credit. Usually, lenders prefer the credit use limit to be less than 30%. A low percentage also reflects better on your credit score. A credit score represents a borrower’s worthiness. It is a primary factor lenders check before approving a loan. You don’t check your billing statements. You may not be using a credit card regularly. Hence, you may neglect to check your credit bill statements. It is a warning sign. Offline and online credit card errors and frauds are common. But, if you never check the bills, you will never know. Your actual credit card usage may be much lower than it shows. It may also hamper your credit score. A monthly review can help you take timely action for such errors. You withdraw cash with a credit card. As per credit card terms and conditions, there is a cash withdrawal limit. In some cards, you can’t withdraw cash for a minimum of 180 days. Failing to do so attracts a cash advance fee and finance charges. The finance charges can go as high as 50%. Withdrawal fees can be as high as 3.5%. Hence, it is not a good option for your financial health. It is a sign to keep your expenses in check. You may be spending more than you should. You forgot to check the expiration date of reward points. When you opt for a credit card, the banks offer attractive offers like discounts, reward points and cashback. You may also get some free miles or access to airport lounges. All this helps the banks to secure their customer’s loyalty. It is a common habit to accumulate points. What you forget is that these reward points come with an expiry date. Usually, it is two years. If you don’t redeem it within that time, they are lost. The reward points don’t carry forward. You can always contact the card issuer if you have doubts about the expiry date. You are using one credit card to pay off another card A credit card helps us to pay off our bills and expenses. But, it is a debt that you need to pay. Taking on another card to pay off first card bills is a big no-no. You are only collecting debts and hampering your financial health. Even maxing out your current card is not good. Also, too many debts negatively affect your credit score. Even enquiring about cards can lower the score. Your credit card purchase is not approved Sometimes, we may enter the wrong PIN or have bad connectivity, which may lead to a decline in transactions. These situations are normal. But if the transaction is rejected due to lack of funds or bill non-payment, then it is a warning sign. You must then cut back on your spending. Also, analyse your monthly budget. You are unaware of credit card charges When companies issue you credit cards, they only focus on the good points. Not the fees they charge. Also, most of us forget to read the terms and conditions. Here is where you can land in trouble. Companies charge you annual fees for owning a credit card. You also must know the interest charges, foreign transaction fees, cash advance fees, and over-the-limit charges. A small fee will not hurt. But, if these accumulate, it will be a problem. Some Suggestions to Avoid Incorrect Credit Card Usage Now, you are aware of examples of incorrect card usage. Let us give you some tips on how to avoid these situations. Plan your monthly finances Read the credit card terms and conditions Don’t apply for multiple cards Know your credit card limits. Avoid cash advances on your credit cards Check your card statements periodically Try to pay off the whole credit card amount Practice saving and be disciplined in your finances [B-02] In a Nutshell After reading the above points, you understand how to use your credit cards properly. Credit card usage can increase or lower your credit score. Even if you may not need a loan, a low score will hamper your borrower chances in the future. Hence, you need to maintain a minimum CIBIL score. Experts at Piramal Finance can help you know your CIBIL score. They can also suggest tips and tricks on improving your CIBIL score if you score low.
08-11-2023
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Mutual Funds

Top Mutual Fund Investment Plans With High Returns

A mutual fund is an arrangement where several shareholders collectively purchase securities. Age, risk tolerance, time window, and asset allocation also play a significant role in selecting the right plan. Investing in top mutual funds is an effective way to grow your wealth. However, choosing the perfect investment plan can be scary for first-time investors. This article will help you examine the kinds of mutual fund investment schemes that may be right for you. Additionally, we will provide a list of some of the top-performing mutual funds in India. Select the mutual fund investment plan that suits you best. Types of Mutual Fund Schemes As per SEBI guidelines, there are three types of mutual fund schemes. Each scheme serves a different customer objective, as listed below- Equity Schemes are excellent for long-term investment goals but highly volatile in the short term. Since equity involves dealing in stocks, it is a high-risk investment. Hence, if you have a longer investment horizon, i.e., are willing to invest for a minimum of five years, equity schemes may be the right choice. Debt Schemes: These are also called income funds or bond funds. It deals with investments in fixed-income securities and is generally a better choice than equity schemes. It is ideal for investors with a maximum time horizon of one day to three years. Hybrid Schemes: The time window for this particular scheme is three to five years. A hybrid scheme diversifies your portfolio by investing in different assets, which reduces risk exposure. It is a mix of equity, debt, and other asset types. Perfect for medium to long-term investments. What are the top mutual fund investment plans with high returns? We have prepared a list of some of the top-performing mutual funds in India, divided into equity, debt, and hybrid categories. *return rates were last updated on 22 September 2022. Equity Mutual Fund Equity mutual funds invest mainly in company stocks. They can be Active funds, where a fund manager actively manages the portfolio and aims to beat the benchmark index, or Passive funds, where the fund manager only prepares a portfolio that matches the market index. These funds allow a shareholder to have a more diverse portfolio by investing in different stocks/sectors in the market, decreasing the risk rate in the long run. Two options you can consider if you are thinking of investing in Equity funds- ICICI Prudential Technology Direct Plan-Growth Ideal for long-term investments, ICICI Prudential is one of the top-performing mutual funds in India. It has an expense ratio of 0.78%, a minimum investment of SIP hundred rupees, and a lump sum of five thousand rupees. The fund is nine years and six months old. It provides a five-year return rate of 26.82%. Tata Digital India Fund It is another top mutual fund investment plan that has consistently maintained good market records. This plan has an expense ratio of 0.34%. The minimum investment required is an SIP of 150 rupees and a lump sum of 5,000. The fund age of this particular plan is six years and nine months. It has a five-year return rate of 27.84%. Debt Mutual Funds Debt mutual fund schemes include investments in corporate bonds, gilt funds, government securities, and other fixed-income resources. Shareholders wishing to garner stable returns and invest in a low-risk environment opt for Debit mutual fund schemes. The two best options you can choose from if you want to invest in Debit mutual funds are – IDFC Government Securities Fund Constant Maturity Direct- Growth This mutual fund scheme, by IDFC mutual fund, is a Gilt with a 10-year Constant Duration. It has been around for nine years and eight months and is consistently one of the top-performing mutual funds. The value of assets under management (AUM) two hundred and nineteen crores. The expense ratio is 0.49%, slightly higher than other mid-sized mutual funds. A minimum investment amount for this fund is one thousand rupees (SIP) and a lump sum of five thousand rupees. This scheme is ideal for long-term investment as well. The five-year return percentage is 8.27%. SBI Magnum Constant Maturity Fund This medium-sized fund is a Gilt with a 10-year Constant Duration from SBI Mutual Fund. It is one of India’s top-performing mutual funds with a good track record. The net worth of its assets under management (AUM) is eight hundred and fifteen crores. This fund maintains an excellent credit profile and has been around for nine years and eight months. It has an expense ratio of 0.33%, at par with most mid-sized mutual funds in India. The SIP starts at five hundred rupees. This mutual fund scheme has a five-year return percentage of 7.58%. Hybrid Mutual Funds Hybrid mutual funds offer choices for shareholders with high-risk tolerance to those with moderate choices. It guarantees a diverse portfolio concerning assets (equity, debt), and an investor will have multiple options within each asset category. For instance, you can choose between large-cap and small-cap stocks in Equity. If you enter the mutual funds market, hybrid funds can be a perfect choice. Two options you can choose from – Quaint Multi Asset Fund Direct-Growth This mutual fund scheme from Quantum Mutual Fund was launched in 2013 and has a fund age of nine years. It falls under the Multi-Asset Allocation category. It is a small mutual fund with an asset value of three hundred sixty-two crores. For a fund of this size, the expense ratio of 0.56% is higher than that of other mutual funds in this category. The five-year return percentage is 20.61%. Axis Triple Advantage Fund Axis Triple Advantage Direct Plan-Growth has a net worth of 1,817 crore assets under management (AUM). In contrast to regular market trends, it is a mid-sized mutual fund scheme. It has a fund age of nine years and eight months. The expense ratio for this scheme is 0.64%. It has a five-year return percentage of 12.1%. How to start investing in top mutual funds in India? Before dealing with mutual fund schemes, you must have certain documents. The list is as follows – PAN Card Address proof ( Aadhar Card, Voter Registration Card, Electricity Bill, etc.) Your photograph A cancelled cheque or a bank statement According to government guidelines, every investor must complete the KYC (Know Your Customer) formalities before investing in mutual funds. You can do this in person by approaching a registrar or a mutual funds office. Fill up the required form, and submit a copy of the necessary documents directly at the office. Along with your documents, you can also fill up the form for your first investment. Some mutual fund offices allow e-registration, i.e., you can complete the KYC formalities online. Once you complete these formalities, you can start investing directly. [B-02] Conclusion Finally, before you formally invest, there are two other things to remember. One, check how well the scheme is performing in the market. And two, make sure to check the performance record of your fund manager. If you need help with finances, you can always take the help of experts such as Piramal Finance to guide you through your financial doubts. If you need advice regarding managing your mutual fund investment plans, visit our website now!
08-11-2023
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Mutual Funds

SIP Calculator: To Calculate Your Mutual Funds Return

Mutual funds wanted their investors to have an investment plan which was maintained in an organised manner. Hence, they came up with systematic investment plans (SIP). You have to invest a certain sum within defined time intervals. SIP investments are easy to use and perfect for risk-averse investors. No extra charges are charged; it does not come with the stress of share market volatility. The plan can also be discontinued any time the investor wants to. With the help of a mutual fund SIP calculator, you can also know the amount you will receive on maturity. SIP is available to all types of investors. You can start with an amount as low as Rs.500. However, you must make regular payments. You can have weekly, monthly, quarterly, or annual payment due dates based on your chosen plan. The SIP return calculator considers the principal amount and the number of installments you have paid. You can find the SIP calculator easily available online for free. Benefits Of the SIP Return Calculator Here are some of how SIP calculators are extremely useful for you as an investor: Simplicity: The SIP calculators are very easy to use. You just have to find one online, put in the required inputs, and you will be presented with the return result quickly. After knowing your return from SIP, you can move forward to planning the other investments required to meet your financial goals. Less Information Required: To calculate your return through the SIP calculator, you just need to put in the amount along with the frequency of payment and the rate of return. The calculator will give you your return based on that. Free Of Cost And No Confusion: You can use these mutual funds SIP calculators for free. Also, if you are a new investor, these calculators will not confuse you as they require direct inputs and give direct results. Quick Results: SIP return calculators do not take time to function the equation and give you an immediate answer. You will get your results within a few seconds only. How the SIP Return Calculator Works The mutual fund SIP calculator works very simply. Inputs Required You have to pay the amount in installments. A SIP investment can start with any amount equivalent to Rs.500 or more. However, Rs.1,000 is the minimum required investment amount in other investments. The total number of installments. A SIP starts with a minimum period of 6 months and can be extended to a long period. Long periods give higher returns, so you can choose the tenure according to your requirements. When you choose your SIP plan, you will learn about the return you will receive on it. So, the last input for the SIP calculator would be the rate of return on your SIP investment. SIP return calculators can also help you determine the amount and number of installments required if you know the total amount of money you want from the investment after a stipulated period. Another thing that you should note is that the resultant figure from an advanced SIP calculator takes the expected inflation rate or capital gains tax into account. Formula Used In Mutual Fund SIP Calculator FV= P x {[(1+r) n -1] /r} x (1+r), where, FV is the future value of your investment. P is the amount you pay at respective intervals. r is the rate of return in periodic terms. n is the total number of payments you have made throughout the tenure. Even though it is not required for you to know this formula, it helps in building investor confidence. If you know about the inputs and the workings of the formula, you will be satisfied with the SIP calculator's result. SIP Calculator- A Practical Example Question Suppose you invest Rs.1,000 monthly for a year (12 months). Calculate the amount that you will be receiving on maturity. The rate of return on your SIP investment is 12%. Solution FV= P x {[(1+r) n -1] /r} x (1+r), where, P= Rs.1,000 r = 12%/12= 1%= 0.01 n= 12 So, FV= 1,000 x {[(1+0.01)12 -1]/0.01} x (1+0.01) = 1,000 x [(1.1268-1)/0.01] x 1.01 = Rs.12,809 approximately. Note: These figures are just an example. Market interest rates keep changing with time and inflation. How Can You Invest In SIP Online The steps to invest in SIP online are: Keep the Required Documents Ready: To get started, you would require your PAN card, address proof, a cheque, and a passport-size photo. Although your Aadhaar card is not essential, you can use it to simplify the process. A good internet connection will be beneficial. Complete Your KYC: As an investor, you must provide the basic information required and comply with the KYC norms. This can be done online, saving time. Use The SIP Calculator: If you want to choose a plan based on the return, use the SIP return calculator to learn about it and then choose the plan. Start Investing: After calculating your return, start with your first installment payment, and your SIP tenure will begin. [B-02] Final Words A safe investment like a SIP can be very beneficial because you can estimate your return. However, make sure that your payments are made on time. Your SIP will be canceled if you do not pay 3 installments at a stretch. Use a SIP calculator to determine how much you can earn if you invest today!
08-11-2023
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Cards

Advantages and Disadvantages of credit card : All you need to know

A credit card allows you to enjoy credit for buying goods and services. It also gives you reward points and exciting offers. It has become a useful financial tool in today’s time. However, like every coin, there are two sides to every coin, and so does a credit card. Read through to learn about the benefits and shortcomings of credit cards. The Advantages of Credit Cards A quick source of funds: Credit cards function on a deferred payment basis, which means ‘borrow now and pay later.’ Customers who have bank accounts are served with this unique feature. The customers use funds as often as needed (within the limit) to make necessary purchases. Easy access to EMIs: If a customer wants to make big and expensive purchases but lacks cash or a bank balance, a credit card covers them. They can make these purchases with easy and affordable EMIs (Easy Monthly Installments), which convert the total billed amount into small monthly instalments. Financial credibility: Every time a customer purchases with a credit card, a transaction history gets created. Banks and financial institutions use this transaction history to analyse their line of credit and credit repayments. Moreover, this line of credit builds their creditworthiness for future loans or rental applications. Security: A credit card is a safe tool. Unlike old credit cards, the ones issued recently have Europay, MasterCard, and Visa chips embedded in them, making them safe to use and preventing fraud. Credit score improvement: Making timely credit repayments upgrades a customer’s credit score from bad to good. This shows that they have good borrowing and repaying habits. Rewards and Offers: Most credit cards come with cashback or reward points whenever customers swipe their cards. These reward points are then redeemed to pay their outstanding credit card dues. Sometimes, these can also be used when booking tickets or travel destinations. The Disadvantages of Credit Cards Overuse: Credit cards provide large amounts of funds, which attracts users to overuse credit. Because of this, consumers make every purchase with credit cards and later may fall into a debt trap. So, spending 50–60% of the total credit is recommended to solve this. This will prevent the overuse of credit and the customer from falling into debt. Fraudulent acts: Credit cards are safe to use, but there are still chances of fraud. These frauds include fraudsters stealing credit card credentials and using them incorrectly or when a transaction is made using someone else’s credit card. Moreover, inform your bank immediately if you find any suspicious activity related to your card. High Interests: If a customer doesn’t pay their dues on time, the banks carry this amount forward and apply interest rates on it, and the customer falls into a debt trap. To avoid such a situation, repaying on time and avoiding high interest rates is advisable. Additional Costs: Some hidden taxes or fees are associated with credit cards. Not making payments or recurring outstanding payments may eventually reduce credit scores. Therefore, make timely payments and don’t ignore additional costs like annual fees, renewal fees, etc. Minimum due amount: This minimum due amount is written at the top of a credit card's monthly bill. This is the biggest shortcoming of credit cards. Many credit cardholders, especially new ones, confuse the “minimum amount due” with the “total amount payable” and make partial payments, increasing their outstanding balance and locking them into high interest rates. To avoid such conditions, read the credit card bill thoroughly. The Top Five Fuel Credit Cards The price of fuel keeps changing in the market. So, a customer may save money by making fuel payments through the best credit cards for fuel in the market. SBI Bank, HDFC Bank, and Citibank offer the best fuel credit cards. The frequently used credit cards for fuel, their annual fees, rewards offered, and surcharge waivers are as: Credit Card Annual Fees Reward Points Waiver of Fuel Surcharge IndianOil Citi Platinum Card 1000+GST Every INR 150 spent on IndianOil outlets rewards 4 turbo points in return. Also, you can avail yourself of 68 liters of free fuel in a year. A 1% fuel surcharge will not be charged on payments from any IndianOil outlets. IndianOil HDFC Bank Credit Card 500+GST Get 5% of your total spending only at IndianOil outlets as fuel points and 1 fuel point for every INR 150 spent on all other outlets. Also, you can avail 50 liters of free fuel in a year. A 1% fuel surcharge will not be charged at other fuel stations. ICICI Bank HPCL Super Saver Credit Card 500+GST 5% cash back for fuel payments with HPCL and an additional 1.5% cash back (in the form of cash points) on making payments through the HP Pay app. There is no surcharge exemption. Standard Chartered Super Value Titanium Credit Card 750+GST You will receive 5% cash back on the value of your transactions on all payments under INR 2,000. There is no surcharge exemption. BPCL SBI Card Octane 499+GST Every Rs. 100 spent at BPCL Fuel Stations earns you 25 reward points. 6.25% + 1% surcharge waiver(T&C) [B-02] Summing up In today’s fast-growing world, a consumer must act smart and make smarter choices. What’s better than a credit card that says ‘borrow now, pay later? However, before applying for a credit card, read about its advantages and disadvantages and choose the right one. To get more information on credit cards and personal loans.
08-11-2023
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Wedding

Top 10 Sherwani Designs for Marriage

Your wedding is most probably the most memorable day of your life. Since you will be surrounded by your family, friends, and loved ones on this special day, you must dress accordingly. Men struggle to zero in on their ideal clothing just as much as women do. Finding the sherwani for men that best suits you, however, may seem challenging given the variety of designs that line the store. To aid you with your pre-Sherwani shopping blues, we have put this blog together. Check out the top 10 Indian Latest Sherwani Designs for Marriage in 2025 if you’re presently preparing your wedding outfit. [B-01] Buy the Latest Sherwani Design for Marriage in 2025 1. Embroidery Designed Sherwani for men You are the day’s hero, so wherever you go, you should be an inspiration. A rich and ethnically embellished sherwani for men would make you the centre of attraction, whether it be worn on the dance floor, the stage, the varmala moment, or the pheras. To give it a royal but elegant touch, one might choose to embroider it with thread or aari. To further spruce up the look, pair this sherwani with witty stoles or striking dupattas. These are perfect for Mehendi and Haldi ceremonies, sangeet celebrations, and ring ceremonies. 2. Printed Sherwani These latest sherwani designs for marriage are the ideal fusion of current and contemporary styles, with a variety of patterns and artwork. The top Indian ethnic wear businesses provide hundreds of printed sherwani options online. You may select from the best sherwanis made with luxurious materials which come in a wide range of colour schemes and styles. To enhance the appeal of your patterned men’s sherwani, pair it with plain bottoms and beautiful jewellery like cufflinks, pins, and chains. 3. Achkan Style Sherwani This Latest Sherwani Design for Marriage is without any doubt aesthetic. No man can resist sporting an Achkan outfit during a wedding. The Achkan sherwani for men creates a great design statement when paired with jackets and churidars. 4. Jacket Style Sherwani For guys who prefer flaunting a stylish appearance, jackets sherwani are the best options. The jacket sherwani design for men has a contemporary conventional-looking sequin design and prints. The sherwani jacket looks best when paired with long pyjamas and a pair of modern juttis or loafers. 5. Mughal Style Sherwani If there was a contest for the season’s best-looking groom then you would stand a chance of winning if you were wearing a sherwani in the Mughal style. The sherwani’s panels or hem might include Mughal embroidery or motifs to enhance the beauty of your important event. Going the Mughal route is a style choice that others will notice, admire, and even covet. 6. Indo-Western Style Sherwani The Indo-Western latest sherwani design for marriage is a trailblazer in its own way. Additionally, the Indo-Western Sherwani for a wedding is decorated with contrasting tones, hues, and colours. If you’re tired of conventional styles, there may be an Indo-Western sherwani for men just for you. 7. Floral Sherwani The greatest wedding sherwani design for wedding rituals is a floral one. When attending wedding celebrations, a flowery sherwani provides you with a lovely appearance. The sherwani’s lovely floral designs give your complete outfit a touch of class. You should try to steal the show at your wedding celebrations with a floral sherwani for men. 8. Jodhpuri Style Sherwani The most elegant sherwani designs for men is those with Jodhpuri patterns. A common belief is that the jodhpuri design is suitable for royal weddings. But it is a misconception, for the jodhpuri style has become practically every man’s preferred outfit because of the elegant appearance it imparts. A royal jodhpuri sherwani needs skilled designers to achieve its beautiful finish. You may match the Jodhpuri sherwani with vests, scarves, and brooches to give it more edge. Don every piece of jewellery and clothing that will make you appear regal. 9. Bandhgala Design Sherwani The Bandhgala Sherwani has a royal look with its neat fit and high-neck style, making it perfect for weddings and formal events. 10. Side Buttoned Sherwani Invest in the latest sherwani design for marriage with a button panel on the side for an edgy look. A side-buttoned sherwani would be a terrific alternative for your wedding appearance if you wish to go for a conventional yet royally sophisticated groom style. Your special occasion would only be enhanced by the regal hues of blue, marsala red, and pastels. To finish the opulent effect, pair it with a contrasting churidar. Tips to Style your Wedding Sherwani Always try the sherwani on to make sure it fits your body properly. Choose hues that go well with your skin tone. Try experimenting with other bottom wear options rather than sticking with the traditional Churidar. Remember your accessories, such as beaded chains. For an aristocratic effect, wear a shawl or dupatta in a contrasting colour. Along with a pair of ethnic shoes, you can choose a turban or other headwear. [B-02] Conclusion When it comes to selecting a perfect sherwani design for the wedding, make sure you look for comfort. Plus, don’t try to overdo the accessories. If you are wearing a plain sherwani, then you can wear it with a Kundan-pearl set for men and add broaches. But if you are wearing a printed sherwani, a Kundan set might not highlight the look, instead, you can wear a drape around with modern juttis. Remember, you not only have to select a perfect sherwani for the wedding, but also have to pair it perfectly. Read more related blogs on the Piramal Finance website to explore our financial products and services, especially those on personal loans, credit cards, and financial calculators.
08-11-2023
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Dream Mobile

Price List of Samsung 5G Mobile Phones in India

Are you excited about the new Samsung 5G phones in 2025? Samsung is a well-known brand that makes a wide range of phones, from basic keypad phones to the latest Samsung 5G mobile phones. These phones come in various price ranges and target different user communities. The Galaxy S family is Samsung’s high-end line-up, while the M and F series are for those with smaller budgets. To fill the gap, Samsung also makes the A series for the upper mid-range market. The company is competing with the market with their 5G phones at affordable prices and premium features. Here is a full list of the best Samsung 5G mobiles that let users access the internet at lightning-fast speeds. In this blog, we share an easy-to-read list of Samsung’s latest 5G phones. We also help you compare features, prices, and other useful details. Let’s dive in! What Are 5G Phones? 5G is the new network technology that lets you download and stream faster. With 5G, online videos, games, and any live content load much quicker. Samsung has many phones that work with 5G. These phones are perfect for students, young professionals, and anyone who loves technology. Samsung 5G Phones List in 2025: Your Easy Guide Below is a simple list of some top Samsung 5G phones for 2025. The list shows model names and prices. (Note that prices may vary slightly as updates occur.) Product Series 5G? Price Samsung Galaxy S25 Ultra S Yes ₹141,999 Samsung Galaxy S24 Ultra S Yes ₹109,999 Samsung Galaxy S25 S Yes ₹80,999 Samsung Galaxy A35 5G A Yes ₹24,140 Samsung Galaxy A55 5G A Yes ₹32,385 Samsung Galaxy A16 5G A Yes ₹16,999 1. Samsung Galaxy S25 Ultra – Price around ₹141,999 This is a high-end phone with a large display and advanced camera features. It is made for those who love photography and powerful performance. Specifications :- Display: 6.9-inch Dynamic AMOLED 2X with Quad HD+ resolution (3120 x 1440). Processor: Qualcomm Snapdragon 8 Elite chipset with a CPU speed up to 4.47 GHz. RAM: 12GB or 16GB options.Storage: 256GB, 512GB, or 1TB options.Rear Cameras:200MP Ultra Wide lens.50MP Telephoto lens.50MP Wide lens.Front Camera: 12MP sensor.Battery: 5,000mAh with up to 31 hours of usage. Operating System: Android 15 with One UI 7.Dimensions: 162.8 x 77.6 x 8.2 mm.Weight: 218 grams. Additional Features:Built-in S Pen.Galaxy AI features such as Circle to Search, Chat Assist, Note Assist, and Live Translate. IP68 water and dust resistance. 2. Samsung Galaxy S24 Ultra – Price around ₹109,999 A great choice for users who need strong performance with a powerful camera and smooth display. The phone also boasts a long-lasting battery.Specifications :-Display: 6.8-inch Dynamic AMOLED 2X with QHD+ resolution (3088 x 1440 pixels) and a variable refresh rate up to 120Hz. Processor: Qualcomm Snapdragon 8 Gen 3 chipset. RAM: 12GB.Storage: 256GB, 512GB, or 1TB options. Rear Cameras:200MP main sensor (f/1.7) with OIS.12MP ultra-wide lens (f/2.2).50MP periscope telephoto lens (f/3.4) with 5x optical zoom.10MP telephoto lens (f/2.4) with 3x optical zoom. Front Camera: 12MP sensor (f/2.2).Battery: 5,000mAh with 45W wired charging and 15W wireless charging support. Operating System: Android 14 with One UI 6.1. Dimensions: 162.3 x 79.0 x 8.6 mm.Weight: 232 grams (Sub6) / 233 grams (mmWave). Additional Features:Built-in S Pen with 4,096 pressure sensitivity levels. AI-enabled features such as Circle to Search with Google, Live Translate, and Note Assist. Titanium frame for enhanced durability. 3. Samsung Galaxy S25 – Price around ₹80,999 A more affordable model with many features of a premium phone. It offers a good balance of performance and price. Specifications :-Display: 6.2-inch Dynamic LTPO AMOLED 2X with a resolution of 2340 x 1080 pixels, 120Hz refresh rate, and HDR10+ support. Processor: Qualcomm Snapdragon 8 Elite (3 nm). RAM: 12GB. Storage: Options of 128GB, 256GB, or 512GB; no microSD card slot. Rear Cameras:50MP wide-angle lens (f/1.8) with OIS.10MP telephoto lens (f/2.4) with 3x optical zoom and OIS.12MP ultra-wide lens (f/2.2). Front Camera: 12MP (f/2.2). Battery: 4,000mAh with 25W wired charging and 15W wireless charging support. Operating System: Android 15 with One UI 7; up to 7 years of OS and security updates. Dimensions: 146.9 x 70.5 x 7.2 mm. Weight: 162 grams. Additional Features:IP68 water and dust resistance.Ultrasonic in-screen fingerprint sensor. 4. Samsung Galaxy A35 5G – Price around ₹24,140 This is a mid-range phone. It is excellent for everyday use with a good camera, clear display, and a fast 5G connection. Specifications :-Display: 6.6-inch FHD+ Super AMOLED with a resolution of 2340 x 1080 pixels and a 120Hz refresh rate. Processor: Samsung Exynos 1380 (5 nm). RAM: 6GB or 8GB options. Storage: 128GB or 256GB, expandable via microSD up to 1TB. Rear Cameras:50MP main sensor (f/1.8) with OIS.8MP ultra-wide lens (f/2.2).5MP macro lens (f/2.4). Front Camera: 13MP (f/2.0). Battery: 5,000mAh with 25W fast charging support. Operating System: Android 14 with One UI 6.1; up to 4 years of OS updates. Dimensions: 161.7 x 78.0 x 8.2 mm. Weight: 209 grams. Additional Features:Side-mounted fingerprint sensor.IP67 water and dust resistance. 5. Samsung Galaxy A55 5G – Price around ₹32,385 A strong mid-range option with a great camera and stylish design. It is perfect for those who want advanced features without a high price tag. Specifications :-Display: 6.6-inch FHD+ Super AMOLED with a resolution of 2340 x 1080 pixels and a 120Hz refresh rate.Processor: Samsung Exynos 1480 (4 nm).RAM: 8GB or 12GB options.Storage: 128GB or 256GB, expandable via microSD up to 1TB.Rear Cameras:50MP main sensor (f/1.8) with OIS.12MP ultra-wide lens (f/2.2).5MP macro lens (f/2.4).Front Camera: 32MP (f/2.2).Battery: 5,000mAh with 25W fast charging support.Operating System: Android 14 with One UI 6.1; up to 4 years of OS updates.Dimensions: 161.1 x 77.4 x 8.2 mm.Weight: 213 grams.Additional Features:Under-display optical fingerprint sensor.IP67 water and dust resistance. 6. Samsung Galaxy A16 5G – Price around ₹16,999 A budget-friendly model that does not compromise on performance. It is ideal for students or anyone on a tight budget. Specifications:-Display: 6.7-inch FHD+ Super AMOLED (169.1mm full rectangle / 164.5mm rounded corners) with a resolution of 1080 x 2340. Processor: Octa-core with CPU speeds of 2.4GHz and 2.0GHz.RAM: 6GB or 8GB options.Storage: 128GB or 256GB, expandable via microSD up to 1TB.Rear Cameras:50MP main sensor.Additional lenses for depth and macro photography.Front Camera: 13MP sensor.Battery: 5,000mAh with Super Fast Charging support.Operating System: Android 14 with One UI 6.Dimensions: 7.9mm thickness.Weight: Approximately 200 grams.Additional Features:IP54 water and dust resistance.Up to 6 generations of OS upgrades and 6 years of security maintenance. Buy Your Samsung Phone Within Your Budget Piramal Finance cares about money matters. If you plan to buy a new phone, it is best to know the price range. For example, if you are a student with a limited budget, you might choose the Galaxy A16 5G. On the other hand, if you can spend more for extra features, the Galaxy S25 Ultra might be the one for you. Planning your purchase is important, and our list helps you see what you can afford. A Simple Guide to 5G FeaturesUsing Samsung 5G phones means enjoying:• Big, clear displays for watching videos and reading • Fast downloads and uploads for social media and streaming • Strong camera features to take high-quality photos • Long-lasting battery life to keep you connected all day Each phone in the list has its own special features. Think about what matters most to you. Is it the camera, the display, or maybe battery life? Our guide shows you where to look. Conclusion Samsung has a line of smartphones that range from affordable to expensive and are aimed at different users. Users can choose the best smartphone based on what they need and how much money they have. Samsung 5G mobiles are easy to use because of their responsive screens and smooth user interfaces. There are a lot of the latest Samsung mobiles with great cameras. They can take clear photos outside and work well for selfies and video chats. Always check the price-to-performance ratio of Samsung 5G mobile phones before buying one. Piramal Finance is a great financing option for those who want to buy a new phone. Visit their website to learn more about the products and services they offer — personal loans, EMI, credit cards, etc.
08-11-2023
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All you need to know about NSC calculator 2025

The government has started a Tax Relief scheme that will help medium and small-scale lenders. The lenders will invest and save for the future. The money will be invested for 5 years. They can put money in any bank or post office. For this, they will get a certificate on their savings. They can take relief with section 80C in a Tax return. Experts are available for NSC Calculation. They will help with the calculation. The government has made it easier for people living in villages to save their money in post offices. Let’s further understand the calculation of the NSC and SWP Calculator. [B-01] Benefits of an NSC Calculator Calculating NSC interest amounts can be very time-consuming First, you will add interest for 6 months in the actual amount After five years, interest and principal will be paid NSC Calculator will help you calculate your unpaid amount. The benefits of the NSC Interest Calculator are: Ease of Use: An NSC Calculator is easy to use. You can enter the amount, click on calculate and the result appears Time-Saving: The National Savings Certificate Calculator saves you time. No manual work is required, the calculator does the math Precision: NSC calculators are always correct and precise Plan for the Future: You can accurately plan your future finances The NSC calculator returns the exact amount of invested money for 5 years Free Use: NPC calculator is free of cost. You can use it as many times as you need Characteristics of the National Savings Certificate (NSC) Small Investment: NSC accepts investments of Rs 100 and above. It makes it easy to invest Bonds: NSC guarantees returns to you on your amount saved. You can expect a regular income Compounding Power: You can reinvest the interest earned. Interest can be earned in the same period Amount after maturity: Account holders receive the total amount on maturity. There is no TDS for NPC payments. However, interest is taxable How Can I Get Money As My NSC Matures? Money can be withdrawn only when it matures. You can also choose to redeposit it in the bank. When you redeposit money, it will yield interest. Interest will be the same for two years. After that, there is no return on investment. Is It Possible to Cancel Before the Due Date? You cannot withdraw from the National Savings Certificate. It cannot be done before maturity. Early withdrawals are allowed only in the case of death. One can take money by court order. What is the Tax Form for Investing in NPCs? Investments in NSCs can get tax relief under Section 80C of the Income Tax Act. Interest earned during the period is added to the initial investment. It is also tax-free. For example, if you invest ₹10,000 in NSC for one year, the same year’s tax relief can be earned. From Year 2, tax claims plus interest will be added. Amount invested in last year will be earned in the current year. The tax is not deducted at source (TDS) on NPC investment. However, you must pay taxes based on income tax for any unpaid amount. Short Note on Systematic Withdrawal Plan and SWP Calculator A Systematic Withdrawal Plan (SWP) works differently than a Systematic Investment Plan (SIP). This plan allows you to invest and withdraw fixed amounts side by side. You can choose the amount, intervals, and duration of the SWP according to your needs. How to Use the SWP Calculator? The SWP calculator will help you to know the amount and calculation time. Step to use : Enter the total amount saved Enter monthly drawings from mutual funds You must state the expected rate of return Then enter the period of investment SWP Calculator will show you the total It gives the final value of your investment. Advantages of SWP Calculator You can use the SWP calculator to calculate monthly income and income earned from saving. You can try out different withdrawal amounts in the calculator. It will show you your unpaid amount. SWP calculator enables you to calculate surplus SWP. SWP program – When to opt for SWP? SWP is the best retirement plan. Most people prefer old methods of savings. You can opt for old ways of investing capital. The amount received after retirement is saved. These old ways are taxable. SWP provides you with a tax relief way to get income. It allows retired individuals to earn. You can benefit from saving money. SWP is for individuals who retire. It is also for those with a family to look after. Education, travelling and finances are reasons for choosing the SWP. [B-02] Conclusion All the schemes help people to save. Legal people assist them in investing. Anyone can invest and get benefits. Often, the lenders are in doubt about the money invested. How will they save? That is why the Government has introduced the NSC calculator and SWP Calculator. To know more about these calculators, visit the Piramal Finance website. It will help you know more about other products and services, especially credit cards and personal loans, as well.
08-11-2023
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How Is EMI Calculated for an Education Loan?

The principal and interest components of EMIs are combined for an equated education loan. It refers to the monthly sum you will pay until the loan is repaid. Typically, the EMIs are set for the duration of the student loan. A significant amount of your initial student loan repayment is allocated to the interest component of the loan. As you go, a more significant part of your repayments will be applied to the principal portion of your student loan. Given the escalating expense of school, you might need more money to give your kids a good education. You might even want to send them for more expensive further education abroad. To provide your children with an excellent education, whether in India or abroad, you can apply for an education loan through a bank or an NBFC. Starting the first month, you are exempt from making monthly payments on your student loan EMIs. Even after you finish the educational course, you still have to pay for it. The loan covers a caution deposit, accommodation costs, travel costs, and even the cost of a computer or books. Up to INR 4 lakh in collateral-free education loans are available from banks. [B-02] What is an education loan calculator? An education loan EMI calculator is a tool that displays the monthly payments you must make to the lender. An education loan EMI calculator will provide your EMIs in seconds once you select the loan amount, interest rate, and loan term. The money you borrow, the rate of interest the bank charges, and the loan length all affect the EMI you must pay. The education loan calculator will display the precise monthly payments if you provide proper information. A formula box with three sliders that display the loan amount, tenure of the loan, and interest rate make up the education loan calculator. The principal and interest repayment amounts are broken down into monthly installments under the amortization plan. In seconds, you can see clearly how much of your student loan debt you have paid off and how much is still owed. How does an education loan calculator work? The following mathematical method can be used to determine the amount of your student loan EMI: [P x R x (1+R)N)/[(1+R)N-1]]. P is the principal amount, R is the interest rate, and N indicates the years you have been allotted to repay the debt. The period is measured in terms of months because EMIs are paid every month. To determine the amount of your EMI, follow these steps: Choose the loan amount using the slider. The loan tenure then has to be set in months. Pick the interest rate by sliding the slider. The education loan calculator displays the amount due, interest, and EMI due. Change the input sliders at any moment to recalculate your EMI. Moving the sliders will instantly compute your EMI. In seconds, an online education loan calculator will display your EMIs. You can see how much EMIs you will have to pay each month. It assists you in creating a spending and saving plan for your financial objectives. You may see the education loan EMIs you have previously paid off on the amortisation schedule. Additionally, you gain knowledge of the student loan’s principal balance, making it easier to plan your finances. The convenience of your home or any other location is no barrier to using an education loan EMI calculator. Things to Remember While Getting an Education Loan The majority of institutions demand an extra cost for processing student loans. The applicant or co-applicant must pay this fee and be included in the loan application. This cost might be as little as 1% of the loan’s principal or not charged. The processing charge should always be confirmed with your lending bank or in the relevant loan documentation. The processing costs are not factored into the education loan EMI calculator calculations. The Bottom Line The EMIs for a specific duration and interest rate can be calculated in seconds. Four accessible quantities are provided as the basis for calculation. You can enter several values in the boxes that need to be filled out after calculating the EMI for the education loan. These values include the loan tenure, the interest rate for the education loan, and the principal amount you want to choose. Thanks to this feature, you can experiment with various loan possibilities, which aids in their comprehension of the numerous configurations you have to choose from. This way, you can select solutions that best suit your needs and not put too much strain on loan payback. Now that you know how an EMI can be calculated using an education loan calculator, you can go to the official website of Piramal Finance and utilize the consumer-focused education loan calculator online.
08-11-2023
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