Financial Snap

 What are fed interest rates and how does it impact us? The interest rate that banks charge each other for borrowing and lending is known as the federal funds rate, and it currently varies between 3% and 3.25%. Additionally, there is a cascading effect: Banks offset the increased borrowing costs by increasing the interest rates on their consumer loan products. In other words, the interest rate at which commercial banks in the United States make overnight loans to one another is known as the Fed Funds Rate. At Federal Reserve Banks, every commercial bank must keep a reserve; if a bank has more deposits than it needs, it can lend to another bank with a shortfall. How does Fed interest rates impact us? How are we affected by the Fed rate? The Federal Reserve typically raises interest rates to slow the economy and reduce inflation when inflation is too high. In order to boost the economy and raise inflation, the Federal Reserve typically reduces inter...

  How to Raise Fund for Startup in India in 2022? When it comes to a business the most important thing is funding and if it's a startup, money becomes more important. The survival of a business hugely depends on funding, so that the business can meet expenditure, as the profit will be average at first. Money is the fuel needed to run any business. There are numerous stories of business ventures which could not survive despite having great potential, due to shortage of money. Getting funds is especially challenging when a startup is in the initial stage. Hence, it is important for emerging startups to be aware of the  various funding  options. According to a report, Indian startups raise a record $6.9 billion so far in 2021. So,  we have accumulated a list of sources from where you can  raise funds for your startups, in India. Microcredit:   The credit or loan of money in small amounts to budding entrepreneurs  by individuals or a group of investor...

Today I will tell you about foreclosed properties and how you can buy them for lower than the market price. Trust me it works ! What is the meaning of Foreclosed Property ? Many times, banks seize the properties when their owners  fail to pay their EMI payments  for a long time. These properties are called “foreclosed properties” and banks put them for sale in the auction in order to recover back their dues. Once the properties are seized by banks, they are the rightful owners of the property under the Sarfesi Act and they have 100% legal rights to sell off these properties. These properties are mainly sold below the market price because the focus on banks is mostly to recover bank their dues and not to make profits. So you can strike a very good deal if you are ready to go through the process of buying foreclosed properties. Advantages and Disadvantages of Buying Foreclosed Properties : Competitive Price Advantage : Auction properties are approximately 20-25% chea...