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6 Unbeatable Options Scalping Strategies by Sivakumar Jayachandran! Introduction to Banking
Module Units
- 1. Banking
- 2. Deposit Accounts
- 3. Loan Accounts
- 4. Mistakes To Avoid While Opening A Bank Account
- 5. Selecting A Suitable Savings Bank Account
- 6. Fund-based And Non-Fund based Financial Services Offered By Banks
- 7. Fixed Deposits
- 8. Recurring Deposit
- 9. Different Types Of Fixed Deposits In India
- 10. Deposit Insurance System
- 11. Circumstances Leading To Closure of Bank Accounts
- 12. Banking Transaction
- 13. Branch Banking And Online Banking
- 14. Transactions Available Through Online Banking
- 15. How To Start Online Banking
- 16. ATM Transactions
- 17. Different Types of Money Remittance Services Offered By Banks
- 18. Cheque Truncation System (CTS)
- 19. Keeping A Bank Account Secure
- 20. Safety Rules And Guidelines
- 21. Fictitious Emails, SMS And Phone Calls
- 22. Forged Notes
- 23. Ponzi Schemes
- 24. Borrowing Money
- 25. Types of Bank Loans
- 26. Credit Cards
- 27. How to use a credit card?
- 28. Importance Of Maintaining A Good CIBIL Score
- 29. Problem Of Excess Debt
- 30. Strategies To Avoid Excess Debt
- 31. Managing Money
- 32. Nomination Facility In Bank Accounts
- 33. Procedure For Making A Claim
- 34. Digital Money
- 35. Forms Of Digital Money
- 36. Debit Cards
- 37. Digital Payments
- 38. E-Wallets
- 39. Types of e-wallets
- 40. Unified Payments Interface
- 41. Benefits Of UPI System
- 42. Conclusion
Importance Of Maintaining A Good CIBIL Score
The CIBIL score is very important for availing credit from any financial institution. A CIBIL score is the first impression of the lending organization about a borrower.
Maintaining a good CIBIL score is of tremendous importance. Below are the aspects which are influenced by CIBIL scores:
Credit Approvals
If there is one thing that matters the most while banks take the decision whether to grant a loan to an individual, it is the CIBIL score. A bad CIBIL score reduces the chances of getting financing of any kind. On the other hand, a good CIBIL score may make things a cakewalk.
Interest Rates
CIBIL score is a determiner of the interest rate at which the bank will offer a fund to an individual. The better the credit history, the better will be the interest rate.
Other Activities
Organizations outside the financial industry have now started using the CIBIL Score as well. A good CIBIL score might help someone get a better mobile plan or a discount on insurance premiums.
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