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Commissions not float-the hidden goldmine in banking
At a very conservative estimate, ATM transactions costs banks between Rs 5-10(this includes fixed costs like security/rent/infrastructure and variable cost of transaction processing/cash replenishment). But when the same customer directly swipes his debit card(on which many banks charge a nominal annual fee), the bank earns a commission of around 1%(the balance would go to the bank owning the Point of […]
How Credit Cards are just like your girlfriend !
It’s important to find your right match: Before choosing the right girl, you need to consider your personality and lifestyle. If you are someone who enjoys shopping, a trendy shopaholic girlfriend will be your Ideal partner. If you love partying, it will be better suited that your girl likes to party or you will be facing a lot of nagging […]