Credit Cards

Credit cards image

What is Credit Cards?

It is a rectangular card having black strip and chip issued by finanacial institution. You can use it to pay for your shopping or in some case you can also borrow cash money from it. In other word you can say that it is pre approved loan by the financial institution with some terms and condition. And through your credit cards you can use that pre approved loan amount for shopping or do online payment. In return you have to pay the amount used within the time, given by your bank with some interest.

How to use it?

Its use is similar to the debit card. If you have used debit card there is nothing any difference. While shopping you have to give credit card to the shopkeeper. He will swap it same like debit card. Like debit card it has also 4 digit pin. If needed you have to enter pin in swap machine and payment is done. Now while doing online payment you have to give card number, cvv and the pin and the payment is done. Wherever you go you have to carry it with you. Doesnot matter you have balance in your bank or not. You can use the money in the it upto certain limit depending on which type of credit card you are using.

How Credit cards work?

Before applying for credit card you must know how it work for you. When you are taking it you can see some balance over there i.e. 100000. It means you have one lakh rupees of pre- approved loan which you can use when needed. Difference between loan and credit card is in loan you will get full amount in your account for which you have to pay emi and interest from very first month. But in case of credit card you are not getting the loan in your account. It will remain in the credit card you can use it as per your need. The amount that you have used for shopping or payment will be your debt i.e. laon you have taken.

For example if you had done the shopping of 60000 out of your card limit of one lakh. It means you are in a debt of 60000. Whatever shopping you have done for a month. A bill is generated in you billing date. ie 60000 will be your bill now you have to pay this bill by your due date . If you pay after your due date then you have to pay interest with it which is bit higher than regular loan you borrow from bank.

SBI Credit Card

There are nunber of SBI credit card in the market. We will discuss here all the credit card provided by SBI. SBI provide a wide range of credit card in the market. Lifestyle card, reward card, shopping card, travel and fuel card, banking partnership card, bussiness card are available for the customer. It also give lot of discount in shopping, dinner, movie ticket etc according to its variety. You have to choose the card according to your need. We will discuss here all benefits of diiiferent SBI credit card. We will compare annual fee and credit card limit. Lets see what are the credit card available in the market.

SBI Shopping Cards

There are total 19 SBI shopping cards available for customers. It give you a wide range of option to choose your credit card. You can choose best shopping credit card among these list. You have a variety of option in a single bucket.

Lifestyle Home Centre SBI Card PRIME

  • SBI Credit Card gives you a welcome benefit of 12000 reward point worth Rs 3000.
  • You will get 15 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 14500 annually.
  • You will get complimentary domestic & international lounge access.
  • Joining Fee-2999+ tax
  • Renual fee-2999+ tax

Lifestyle Home Centre SBI Card SELECT

  • SBI Credit Card gives you a welcome benefit of 6000 reward point worth Rs 1500.
  • You will get 10 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 8600 annually.
  • You can convert your SBI card reward Point into Landmark
  • Joining Fee-1499+ tax
  • Renual fee-1499+ tax

Max SBI Card PRIME

  • SBI Credit Card gives you a welcome benefit of 12000 reward point worth Rs 3000.
  • You will get 15 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 14500 annually.
  • You will get complimentary domestic & international lounge access.
  • Joining Fee-2999+ tax
  • Renual fee-2999+ tax

Lifestyle HC SBI Card

  • SBI Credit Card gives you a welcome benefit of 2000 reward point worth Rs 500.
  • You will get 5 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 4000 annually.
  • You can convert SBI card reward point into landmark.
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

Spar SBI Card PRIME

  • SBI Credit Card gives you a welcome benefit of 12000 reward point worth Rs 3000.
  • You will get 15 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 14500 annually.
  • You will get complimentary domestic & international lounge access.
  • Joining Fee-2999+ tax
  • Renual fee-2999+ tax

SimplyCLICK SBI Card

  • It gives you Amazon.in Gift Card worth Rs. 500 on joining
  • You will get 5X Reward Points on online spends and if you are shopping with our exclusive partner it will double upto 10X
  • You ca get E-vouchers worth Rs.2000 on annual online spends of Rs.1 Lakh and Rs.2 Lakhs each.

Max SBI Card SELECT

  • SBI Credit Card gives you a welcome benefit of 6000 reward point worth Rs 1500.
  • You will get 10 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 8600 annually.
  • You can convert your SBI card reward Point into Landmark
  • Joining Fee-1499+ tax
  • Renual fee-1499+ tax

Spar SBI Card SELECT

  • SBI Credit Card gives you a welcome benefit of 6000 reward point worth Rs 1500.
  • You will get 10 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 8600 annually.
  • You can convert your SBI card reward Point into Landmark
  • Joining Fee-1499+ tax
  • Renual fee-1499+ tax

Max SBI Card

  • SBI Credit Card gives you a welcome benefit of 2000 reward point worth Rs 500.
  • You will get 5 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 4000 annually.
  • You can convert SBI card reward point into landmark.
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

Spar SBI Card

  • SBI Credit Card gives you a welcome benefit of 2000 reward point worth Rs 500.
  • You will get 5 reward point on every purchase of Rs 100 on online or any retail store.
  • You will get milestone benefit worth Rs 4000 annually.
  • You can convert SBI card reward point into landmark.
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

SimplySAVE SBI Card

  • If you spend Rs 2000 in 60 days you can get 2000 bonus reward point.
  • You will get 10 Reward Points per Rs.100 spent on Dining, Movies, Departmental Stores and Grocery Spends.
  • If you spends of Rs. 1,00,000 and above your annual fee will be reverse.
  • You will get 1% fuel surcharge waiver across all petrol pump.
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

fbb SBI STYLEUP Card

  • You will get Flat 10% Discount on all Fashion Apparel, Accessories, Backpacks, Footwear & School Bags at fbbonline.in, fbb and Big Bazaar Stores
  • 10X Reward Points on Big Bazaar, fbb & Dining spend
  • Welcome gift of Rs. 500 worth fbb gift voucher
  • 2000 Reward points on Card Anniversary
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

Central SBI Select+ Card

  • It gives you worth Rs5000 as a welcome benefit.
  • If you spend Rs.100 at any Central store you will get 20 select point.
  • If you spend Rs.100 on Dining & Movies you will get 10 select point.
  • You will get 2 Select Points per Rs.100 on other retail spends(Non-Fuel)
  • Joining Fee-2999+ tax
  • Renual fee-2999+ tax

Central SBI Select Card

  • It gives you worth Rs1500 as a welcome benefit.
  • If you spend Rs.100 at any Central store you will get 10 select point.
  • If you spend Rs.100 on Dining & Movies you will get 5 select point.
  • You will get 1 Select Points per Rs.100 on other retail spends(Non-Fuel)
  • Joining Fee-750+ tax
  • Renual fee-750+ tax

SBI Card Unnati

  • SBI Card Unnati is free for first 4 years. It means you will get this card free.
  • You will get 1 Reward Point per Rs.100 spent
  • You can get Rs.500 cashback on annual spends of Rs.50,000
  • Extra 1% fuel surcharge waiver in all petrol pumps
  • You have to apply it in the nearest branch.

SimplyCLICK Advantage SBI Card

  • It gives you Amazon.in Gift Card worth Rs. 500 on joining
  • you will get 5X reward points on online spend.
  • You will get 10X Reward Points on online spends and if you are shopping with our exclusive partner it will double upto 10X
  • You ca get E-vouchers worth Rs.2000 on annual online spends of Rs.1 Lakh and Rs.2 Lakhs each.
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

SimplySAVE Advantage SBI Card

  • You will get 10 Reward Points per Rs.100 spent on Dining, Movies, Departmental Stores and Grocery Spends.
  • If you spends of Rs. 1,00,000 and above your annual fee will be reverse.
  • You will get 1% fuel surcharge waiver in all petrol pump.
  • Joining Fee-499+ tax
  • Renual fee-499+ tax

Shaurya SBI Card

  • You will get 5X Reward Points on CSD, Dining, Movies, Departmental Stores and Grocery spends.
  • If you spends of Rs. 50,000 and above your annual fee will be reverse.
  • You will get 1% fuel surcharge waiver across all petrol pump.
  • Joining Fee-free
  • Renewal fee-250+ tax

Shaurya Select SBI Card

  • You will earn 10 Reward Points per Rs. 100 spent on Dining, Movies, Departmental Stores & Grocery (including CSD canteen) spends.
  • You can get e-Gift Voucher worth Rs. 7,000 from Yatra or Pantaloons on achieving Rs. 5 Lakhs annual spends.
  • Joining Fee- Free for the first year.
  • Renewal Fee- 1499+tax

Recurring Deposit

What is Recurring Deposit?

  • Recurring deposit is a tool for investment in which people invest money and in return they get interest as a profit. It is offered by lots of bank in india and other financial institution. Recurring deposit also called RD is trustworthy among people of India.
  • It is most famous investment option among the people of India. They are very much dependent on these types of investment for their future. Bank offer RD for different time period. You have to choose time period and invest fixed amount in recurring basis. It could be a day or month or year.
  • Different Banks in India offer RD. You need to know which bank is giving what recurring deposit interest rate. So here we are with the different banks with their interest rates. You can choose best interest rate option for you. Compare the RD interest rate offered by different bank and choose top recurring deposit interest rate.

Recurring Deposit Offered by Banks

BANK NAME For General Citizen For Senior Citizen
SBI Recurring Deposit 6.60% – 7% 7.10%-7.50%
BOI Recurring Deposit 6%-6.30% 6.50%-6.80%
PNB Recurring Deposit 4.50%-6.30% 5% – 6.80%
HDFC Bank Recurring Deposit 5.65%- 7% 6.15% – 7.50%
ICICI Bank Recurring Deposit 5.25% – 6.40% 5.75 % – 6.90%
AXIS BANK Recurring Deposit 5.80% – 6.50% 6.05% – 7.15%
CANARA BANK Recurring Deposit 5.50% – 6.40% 6.45% – 6.90%
Kotak Mahindra Bank RD 5.50% – 5.90% 6.00%- 6.40%
Allahabad Bank RD 6.25% – 6.45% 6.25%- 6.45%
POST OFFICE 7.2% 7.2%
IDBI BANK Recurring Deposit 5.75%- 5.90% 6.25% – 6.40%
FEDERAL BANK RD 3.50%- 6.50% 4.00%-6.50%
Union Bank of INDIA RD 5.50%- 5.75% 5.50%- 5.75%
UNITED BANK RD 4.00%- 6.25% 4.5%- 6.75%
     

Note- The Recurring Deposit interest rate given here is the best of our knowlege. It is just for information purpose. Data collected souce is from internet. There may be some changes in the interest rate. You may please contact respective bank for actual interest rate value. For any mistake in the data given b4invests.com may not be responsible.

 Is it beneficial to choose recurring deposit?

Recurring deposit give you very good option to invest your money in a safe institution. If you are not in a mood to take any risk in your investment you can blindly choose RD. It will surely benefit you. In India people are very much dependent on this investment they love to invest money in RD for their future goal. It give them secured investment option which no other policy provide them.

Why RD not SIP?

Most of the people in India come from middle class family. They work as a govt. service of various private sector or do small bussiness. Their earning are limited. Most of the Indians are single earning member in a family. For each and every future goal like child education, daughter marriage, retirement plan, house etc. They are very much dependent on their saving. So you can’t take risk if your income is limited because you are single earning member in a family. If by mistake you choose wrong fund or your fund don’t do well. You will unable to fulfil your goal.

STOCK MARKET VS MUTUAL FUND

Why mutual fund not stock market.

Some time this question might click in the mind of investors why to choose mutual fund rather than to invest direcly  in share market. Yes if you are investor you have both option you can choose mutual fund or share market according to your need. You must know one thing money invested in the mutual fund will ultimately go in the share market. But the difernce is you will not choose the share market on your behalf there are fund manager who will choose stock to be invested. So lets see what are the difference between share market and mutual fund.

  • In terms of return.

The very first thing that click in our mind is which can give you more profit. Yes there is no doubt stock market is unbeatable if we talk about profit. Investing direcly in the stock market will definitely give you more profit than mutual fund. There are lot of example in our daily life where people have become millionre from the stock market. You can get more than 100% profit in a single year from share market. If you can choose right share it will definitely gain you a lot of profit. One more thing if we talk about stock market you can get profit when there are bear market i.e. if share market is falling you can take advantage and get huge profit from it. You have lot of option like sort trading, intraday, call, put etc. which will give you profit in the bearish market also.

But if we talk about mutual fund as there are lot of share in a single bucket it is hard to get too much profit like more than 100% in a single year. It is not impossible but we rarely see. Like share market our fund manager don’t have option to book profit in bullish market nor he has any option to gain profit in the falling market. There is no option for intraday trading, sort trading etc like share market. So if  market is going up you can get profit but if the market is falling you don’t have any option than wait and watch. Maximum a fund manager can do is shifting the money from one share to another. But if all share are falling than you have to see loss in your portfolio.

  • Risk Factor

If we talk about risk there is risk in both share market as well as mutual fund. But as we know if there is profit there will be risk. Same in stock market there is more risk than mutual fund. But if you are good investor know share market better than you can minimize you risk. But in case of mutual fund there used to be very good fund manager hired by finance company where you relly upon them. They work hard for you to give beat result. In share market you have to work very hard to get profit. There are thousand of stock listed in the stock exchange. It is very difficult to study and choose good stock from them. But in mutual fund there are team with fund manager who study those stocks. In stock market if you are beginner and you don’t know market very well you will definetly loose money. Many people think share market is gamble no its not true share market is not gamble you can’t play gamble in share market you will definitely loose. You have to work hard and you can get fruitfull result in share market you can get huge profit which you can’t have imagined from share market. But in mutual fund you have limited profit as well as lower risk than share market. The fund manager diversify your potfolio to lower your risk.

  • Tax Benefit.

If we talk about tax benefit. There are same rule in stock and mutual fund to pay tax. For any capital gain in short period you have to pay 15% and for long term capital gain you have to pay 10%. But in case of mutual fund if you are using ELSS fund you can get benefit of tax shaving in 80c.

  • Time

As I told earlier in case of stock market you have to do lot of research and lot of study so for all these thing you need to have time. You have to spend lot of time. But in case of mutual fund you don’t need to do much thing so you don’t have to spend much time at all.

  • Tracking

In case of stock market you need to track your portfolio daily. You have to keep on looking your stock. You have to see each and every movement of the company and along with it other competitor company. Any news or rumour about your invested company can change the stock price in a day.

[catlist name="mutual fund"]

WHAT IS MUTUAL FUND?

Mutual fund is an investment option for investors where pool of money collected from many investors to invest in securities like stocks, bonds, share and other assets. In mutual fund money is collected from different investors and it is managed by professional fund manager. Then the fund manager invest the same money in different stocks, bonds, share and other assets.

Let us understand it by an example. Suppose Mr A who is doctor by profession has some money which he want to invest in stock market. But he is bit confuse because there are thousands of share registered in a stock market. So what he will do now. As he don’t have much time to look upon those thousand shares and do some research. So he did some small reseach and easily find which is best mutual fund. And invested the amount in mutual fund. Like Mr A there are lot of person who invest in mutual fund. Now the fund manager took all those money. Did research and invested the money in best different share according to him. Now fund manager will be continuosly looking upon the shares he has invested the money. He will track the share. And if the share he has invested go down he will shift the money in different share. In those days Mr A dont have to look upon those shares. After some days or year later when Mr A need those money. He can easily withdraw his money with some profit. Fund Manager cut small amount as a expense ratio for his service (max 4%).

[catlist name=mutual fund]

Top 5 Best Performing Mutual Fund in March 2020

As we know everyone in the world is suffering from COVID-19 directly or indirectly. Share market has totaly crashed. Maximum company’s share are showing negative trend. In this worst situation still some of the mutual fund are delivering profit. Though they are not like what they used to be 2 months before but at present at least they managed to get some profit. Though it hard to find best fund at now in this situation. Though we continue to do our research so that we can bring best fund for you. We know most of your portfolio had become negative but it’s opportunity you can if somehow managed then it’s best time to invest lumpsum amount in mutual fund or through SIP because it is also a best SIP plan for you.

Axis Focused 25 Fund

Axis Focused 25 Fund is a basically a large cap fund having its stock of 71.89% is in large cap stocks, 12.44% is in mid cap stocks, 1.29% in small cap stocks. It was launched in June 2012. Since launch date it has managed to give 11% return. That means in 8 years 11% return that too in this recession period if a fund give you return of 11% it is really a good fund. Mr. Jinesh Gopani is the fund manager since July 2016. systematic invested plan has given return of 2% in three year 4.5% in 5 years and 10.34% in 7 years. It has asset Rs 9764 crore which shows how much trust people have on this company. Hence you can go for it the return figure will surely show some positive move as soon as this covid-19 go away.

Axis Midcap Fund

Here is another fund from Axis group this is Axis Midcap Fund. It was started in 2 Jan2013. This is basically a midcap fund.  Fund has 82.58% investment in indian stocks of which 11.96% is in large cap stocks, 59.98% is in mid cap stocks, 4.9% in small cap stocks. Since inception it has managed to give a annualised return of 13%. In 3 years 6% , in 5 years also 6% annual return in lumpsum and in SIP it has managed to gain 10%. So here again Mr. Jinesh Gopani is the fund manager since July 2016. It has a fund size of Rs 5126 cr.

SBI Small Cap Fund

SBI Small Cap Fund is a best mutual fund according to me it has given lot of return. But now it has also put down its knees. But it can be a opportunity for investors if you are investing now. It will surely give you good return in future. SBI small cap fund has 90.11% investment in indian stocks of which 2.42% is in large cap stocks, 11.29% is in mid cap stocks, 69.08% in small cap stocks. I has given a annualised return of 0.76% in 3 years, 7.99 in 5 years and 18% since inception. the fund was started in Jan2013. That make this fund attractive. In seven years 18% in this market is a great achievement for this fund.

Axis Long Term Equity Fund

Axis Long Term Equity Fund is basically a large cap fund whose aim is to provide good return for investor investing for a long period. It is ELSS fund so you cannot withdraw your money before 3 year. But it has extra benefit of tax rebate under 80c. It was started in Dec 2009. So let’s see it’s return. In 3 year it has managed to give 2.51% annual return, in 5 years 3.42%, and in 10 years 13%. That’s not very good looking now but it has managed to keep it’s return positive in 3 years infact the most of the big and great name fund negative figures in 5 years also. Hence if you want to go for nice return with some tax benefit you can surely go for it.

SBI Focused Equity Fund

Here is another fund from SBI. Is has its 47% share in large cap stock, 17% in midcap, and 13% in small cap stocks. I had managed to give 3% annual return in 3 years, 4.91 in 5 years and 12. 89 in 10years. The fund was started in 2004. Since inception it has managed to give 17% return. SBI Focused Equity Fund is good fund. It has its investment in all big companies like hdfc bank, bharti airtel. It will surely give nice return in future.

The list of fund we have provided above is a hard research of our team. We have tried to bring best sip plans and best mutual funds Hope it will benefit you. If you like or dislikes please comment so that we can make make our blog better for you.

**** Mutual fund is subject to market risk. Please verify before investing. Data given in this blog is from various websites. It can be changed. B4invest don’t take any responsibility for anything if anyone have any loss.


Should you quit mutual fund

क्या आपको म्यूच्यूअल फण्ड QUIT  करना चाहिए ?

COVID-19 ने तो सभी देशो में जबरजस्त  तहलका मचा कर रख दिया है | इसने न सिर्फ लोगो के स्वास्थ  पर साथ में लोगो के निवेश को भी काफी नुकशान पहुंचाया है | हम बात करेंगे इस मुश्किल घड़ी में आपको क्या करना चाहिए | क्या आपके पैसे पोर्टफोलिओ में काम दिख रहा है इसलिए आपको कुछ समझ नहीं आ रहा | हम बताते हैं आपको क्या करना चाहिए और क्यों | जैसे की आपको पता है इस वक़्त पूरी दुन्या मंडी के चपेट में आ चूका है | एक बात तो तय हैं फिलहाल ये मंदी  ख़त्म होने वाली नही है क्योकि इस से बहुत सरे देश प्रभावित हो गए हैं | ऐसे में आपको पोर्टफोलियो जो अभी शायद नेगेटिव में भी चला गया हो | अगर आप ऐसी इस्थिति  में पैसा निकालते  हैं तो आपको अच्छा  खासा घाटा  हो सकता है तो बेहतर यह होगा की आप फिलहाल उस पैसे को वहीँ रहने दे और बल्कि अगर आपका आमदनी फिलहाल है तो वो पैसा भी उस में लगा दे | क्योकि ये आपको फिलहाल एक अच्छी  अवसर दे रहा है आप आने वाले समय में अपनी प्रॉफिट को अच्छा  खासा बढ़ा सकते हैं |