9 Reasons to Use a Bajaj Credit Card Over a Debit Card

According to data collected by the Reserve Bank of India, India added about 13.28 million debit cards to the system between 2018 and 2019. Additionally, the number of transactions using debit cards at the point of security terminals also grew by 22.8% in 2019. This data demonstrates that more Indians are becoming comfortable with using cashless payment methods for their daily transactions.

While debit cards have made transactions and availing cash a lot easier, a Bajaj credit card offers you access to an additional line of credit beyond the sum of funds available in your basic bank account. The Bajaj Finserv RBL Bank SuperCard offers numerous additional features of both debit and credit cards plus more.

Features and benefits of the SuperCard

The SuperCard comes with the benefits of four cards like a credit card, cash card, loan card and EMI card compiled into one. It offers much more than other debit or credit cards.  Following are a few of the benefits that you can avail by using it –

● It enables you to avail an emergency personal loan

With this credit card, you can convert your unutilised credits into an emergency personal loan once each year. This personal loan is interest-free up to 90 days and can be repaid in 3 instalments. Additionally, you only have to pay the nominal 2.5% processing fee to avail the advance.

● Interest-free cash withdrawal from ATMs

With most credit cards, you have to pay a hefty fee if you withdraw cash from an ATM using them. You also have to pay a service charge and transaction fee for this amount. However, one of the most striking advantages of the RBL bank credit card is that it can be used to withdraw cash from ATM interest-free for up to 50 days.

● Incentives and discounts

With the Bajaj credit card users can avail attractive discounts and incentives from over 60,000 online and offline partner stores. These offers are available on the purchase of a variety of products, including apparel, other accessories, gadgets, etc.

● Layered security benefits

The Bajaj Finserv RBL Bank SuperCard comes with a layered security to help make your financial transactions more protected. These measures include in-hand security, zero-fraud liability cover, etc. The in-hand security feature helps to control and monitor the usage of the card via the RBL MyCard App.

● Easy EMI conversions

You can make the payment of your high-end purchases easier by converting their cost into EMI options. The EMI conversion option is available for purchases of Rs. 3000 and more.

● Instant approval benefits

The process of applying and availing the SuperCard is extremely simple. If you look up how to apply for a credit card online, you will find that by satisfying a few eligibility criteria and supplying few basic documents, you can avail instant approval facilities on the credit card.

Additionally, Bajaj Finserv also brings pre-approved offers that can make availing their service faster and easier. These offers are available on several financial products including credit cards and other advances. You can check your pre-approved offer by providing basic details like your name and phone number.

● Cash-back offers

You can avail a 5% cash-back of up to Rs. 1000 on the down payment amount of your EMI for purchase through the SuperCard. This cash-back is credited to your account within 45 days of the transaction. However, this offer is valid only for select partner stores of the financial institution.

● Various credit card options

You can choose to avail between the seven variants provided by the credit card. Each of these cards comes with tailored advantages to suit a user's needs.

● Sizeable annual savings

You can save up to Rs. 55,700 on your purchases by using the Bajaj Finserv RBL Bank SuperCard. You can also collect reward points and redeem them on the purchase of various products and services.

Therefore, the Bajaj credit card brings numerous facilities and benefits over debit cards. They also make a solid case of why credit cards are better than debit cards. However, make sure to check the eligibility criteria before applying to ensure that there are no hassles in the process of availing the card.

Read More

What is the concept behind the Pradhan Mantri Mudra Yojana

India has over 5.77 Crore small scale business units, mostly acting as sole proprietorships undertaking various tasks for trading, manufacturing, retail, and other small-scale activities. It is significantly large compared to the nation’s organised sector and larger companies, employing only 1.25 Crore individuals across the country. The small scale enterprises carry a tremendous potential to grow and contribute to India’s economy; to fuel this growth, the Government of India has several financial schemes in place, one such is the Pradhan Mantri Mudra Yojana.

PMMY was proposed during FY 15-16’s budget and was launched alongside Micro Units Development and Refinance Agency Ltd. (MUDRA) Bank in April 2015. It aims to deliver financial aid to small scale business owners across the nation. A significant number of micro and small scale firms do not have access to financial instruments like insurance, credit, and loans, which prevents them from establishing or growing their businesses. These organisations often face financial draught, or debt-traps, resulting in production halt or bankruptcy.

PM Mudra Yojana aims to address that issue. MUDRA initiated with a corpus of Rs. 20,000 Crore and a credit guarantee corpus of Rs. 3,000 Crore. It offers advanced to eligible applicants against an affordable rate of interest to ensure business never runs out of working capital.

Target beneficiaries

The targeted beneficiaries of PMMY are non-corporate small business sector or NCSBS. It consists of primarily as proprietorships and partner firms, contributing as small manufacturing units, vendors, machine operators, services sector units, etc. NCSBS used to face a complete absence of financial support due to its unregulated sector; Pradhan Mantri Mudra Yojana details and addresses that issue to mitigate their financial requirements.

The principal objectives of this scheme are the following –

● Implement regulation in the microfinancing system for both lender and borrower to create a stable lending platform and increase participation. It also aims to introduce essential financial habits business owners should have to improve their financial gain.

● Extend financial assistance and credit support to Microfinance institutions (MFIs) that offer monetary aid to small businesses. PMMY does that by integrating co-operative, government-backed, and non-banking financial institutions like Bajaj Finserv under the scheme. They offer Business Loans against minimum eligibility criteria and documentation.

This NBFC also provides pre-approved offers on unsecured credits like business loans and personal loans, as well as secured credits like home loans and several other financial products. Pre-approved offers make availing such credits simple and quick. You can check your pre-approved offer by entering only your name and phone number online.

● Create a system of performance rating and certification for last-mile borrowers so that business owners can evaluate and approach a particular MFI that fulfils their requirements. It will create a competitive environment amongst Microfinance Institutions, resulting in a lower rate of interest and introduction of borrower-friendly terms.

● PMMY will help implement guidelines for borrowers to help them avoid failure and undertake critical business strategy in time. It will also create a set of rules for lenders to follow in case they need to recover money after a default.

● Create a credit guarantee scheme to ensure loan disbursal to micro-businesses.

● Introduce suitable technology to streamline the operations of lending, borrowing, monitoring, and utilisation of disbursed capital.

● Create a standardised set of rules and suitable structure under Pradhan Mantri Mudra Yojana to create a systematic last-mile finance delivery system.

The MUDRA Bank offers credits under three different segments, credit for starters, for mid-range finance seekers, and next level growth seekers. Let's take a look and learn everything a borrower needs to know about PMMY.

● Credit for starters – Borrowers can get loans of up to Rs. 50,000 under this policy. The interest rate can reach as low as 12% per annum for eligible ap

plicants.

● Credit for mid-range finance seekers – It offers loans above Rs. 50,000 and up to Rs. 5 Lakh to applicants. Its rate of interest can vary depending on the lending organisation and a borrower’s creditworthiness.

● Credit for next-level growth seekers – Loans above Rs. 5 Lakh and up to Rs. 10 Lakh falls under this category. Similar to mid-range finance seeker, its interest rate also depends on a particular lender and a borrower’s creditworthiness.

PMMY creates an excellent refinancing platform that helps entrepreneurs become a successful business owner in future. It is likely to develop an organised last-mile credit delivery system and contribute to the country’s economy.

Read More

How to Find a Freelance App Developer

Virtually every entrepreneur has been in the dilemma of finding the right freelance application developers. No doubt you have a great idea for an application or software but not aware of how to pick developers.

It is generally suggested that you hire a team of freelance application developers from a development firm so that your application thought will get input from a diverse group of application developers. Notwithstanding your application's pre-launch technique, an application developer will likewise monitor and investigate your mobile application. Follow the below-mentioned guidelines to pick the best freelance app developer for your project.

Never go for the cheapest

It's guaranteed – you have set a spending plan, and you can't go past it, particularly if you are a startup. However, it's a very harsh truth: creating mobile applications is certainly not a cheap undertaking, and the more cash you need to make, the more you should contribute.

Spending those additional dollars to connect with the services of a legitimate firm may be a bit difficult in the beginning. In any case, that well-spent money will absolutely exceed the risk you would take with a modest, low-quality freelance application development team. In case you put resources in a high-quality application team, your application will accumulate an incentive over the long term, guaranteeing your business' prosperity.

Set the application development framework

Several organizations' management and recruiters simply are not aware of the intricacies of mobile development. In any case, if you need to procure amazing freelance mobile application developers, you should learn a few things about mobile application development – or counsel somebody who is a specialist. Along these lines, you will have the option to list a very particular set of skills you are searching for, and promptly exclude the individuals who don't fit in.

Experience of the freelance application developers

The degree of experience you need from mobile application developers relies upon the multifaceted nature of your venture. In case you are creating a straightforward application, there is nothing wrong with allowing a novice or intermediate freelance application developer who needs to [plish their aptitudes.

The more accreditations, the better it is for you. Ask for degrees, certificates, and recommendations from previous customers, associates, or businesses. Most significant of all, request their portfolio. There is no better method to rate applicants than their past work

Fitting culture is a huge deal

While it might sound nonconformist from the outset, culture fit is a really significant part of the condition when you are hiring application developers.

Application development is normally a long procedure that requires a ton of coordination in the team. These individuals don't need to contemplate each issue in this world. But, they do need to have the option to overcome difficulties productively, even if there are differences in opinions and approaches.

This is conceivable in a domain that cultivates a healthy relationship between the workers. This relationship extends to upper management too. Building up an application puts a great deal of time, cash, and vitality on hold. The main concern, you need to do it with a team that needs the application to succeed as much as you do.

Conclusion

In case you observe the above-mentioned rules, you will find a strong pool of freelance android app developer ’ talent. Then what are you waiting for give us a call today!

Read More

Things to keep in mind when travelling alone

Travelling by train in India is a very affordable and regular thing and so most people swear by that. But again travelling alone means one has to keep a few things in mind so that they do not face any issues when they are boarding a train.

Especially if one is a woman then they need to be extra careful when they are travelling alone. Though travelling solo has become a very common thing these days but it is always a great idea to follow by a few things so that the journey can become hassle free.

• One has to wear suitable clothes for the train journey. This is mandatory because dressing in a loosely fitted clothes and covering up in a train journey (especially if one is travelling alone) can help one avoid any kind of unwanted attention. Also wearing something loose can also be very comfortable and one can feel relaxed while travelling in a train. It is also recommended not to wear too much of expensive jewellery when one is travelling alone.
•  Once one reaches the station, then they can look at the display board and see the name of the trains on the lists that are supposed to arrive. One can check the train number and their arrival time along with their platform of arrival on that list only. These days if one has booked a train ticket online, then they can easily check this information from the online website of IRCTC as well. If one is not sure about anything and is travelling alone then they can always ask the railways officials around and at the enquiry counters to clear their doubts.
• If one is travelling alone, then they must reach the station by keeping a good amount of time in hand. This will help one to reach the platform where the train will arrive on time and then wait around the place where their train coach is supposed to arrive. This will save them from any last moment hurry and one can board the train on time and easily put the luggage on place and get their seat.
• It is not at all a good idea to keep the luggage unattended when one is travelling alone. One can lock all their luggage individually and if they are doing an overnight journey then they must chain them with their berth so that no one can snatch them away.
• When one is travelling overnight, they can either pack their food from home or else they can always get train food. There are some trains which have pantry cars and one can get food from there or else they can always get it from the e catering services provided by the Indian Railways these days.
• One must carry some emergency medicines along with them when they are travelling alone. It is a good idea to take some fever; head ache and stomach ache medicines so that one can manage a case of emergency.

If these things are followed then one might not face issues when travelling solo.

Read More