Blog Page 312

5 Best Credit Card for Online Shopping in India 2025

Best credit card for online shopping – Online shopping has become a way of life. Starting from a small pin to big items everything is sold online with a click of a button. Credit card plays a crucial role in online shopping. You can save a lot of money by using a credit card while doing online shopping. Festival season is nearby and you must have started online shopping. Visit Shop Abunda they enable simple payment plans on millions of products. If you are keen on saving extra money while doing online shopping, here are Top 5 Best Credit Card for Online Shopping in India.

These cards are selected based on exclusive benefits offered by cards in terms of online shopping benefits such as rewards, cashback, gift vouchers, discounts and tie up with leading e-commerce websites.

Credit Card Online Shopping

5 Best credit card for online shopping in India 2025

#1 SBI Simply Click

SBI Simply Click is one of the best credit cards for online shopping in India. This card has tie-up with Amazon, Bookmyshow, Cleartrip, Lenskart, Netmeds, etc. If you are an online geek who loves to buy things online you should consider SBI simply click as credit card option for making an online payment. Features and benefits offered by SBI simply click are given below.

  • Amazon gift voucher worth Rs.500 on Joining.
  • Earn 10X reward points on online spending at Amazon, Bookmyshow, Cleartrip, Lenskart, and Netmeds.
  • One can get 5X rewards on all other online spends.
  • Milestone-based reward for online spending.
  • 1% fuel surcharge waiver benefit.
  • Annual fee reversal on spending 1 Lakh or above in a year.
  • Flexipay benefit to convert your purchase in EMI.

Joining Fee – Rs.499

Renewal Fee – Rs.499

Finance charges – 3.35% per month

Also Read – Best Credit Card For 2020-21 – Top Credit Card Picks

#2 Amazon Pay ICICI Bank Credit Card

Amazon Pay ICICI Bank Credit Card is for the Amazon lover. Cashback offers for a prime and non-prime customer of amazon are major advantages of using Amazon Pay ICICI Bank Credit card. In addition to Amazon benefits, you will also get benefits on dining spent and fuel purchases.

  • Earn 5% back on Amazon purchases for Amazon Prime customers.
  • Earn 3% back on Amazon purchases for non-prime customers.
  • The earnings will be in the form of Amazon Pay balance.
  • 15% saving on dining bills.
  • Fuel surcharge waiver benefit.
  • No Joining or annual fees.
  • No expiry of earning.

Joining Fee – NIL

Renewal Fee – NIL

Finance charges – 3.5% per month

#3 HDFC Snapdeal Credit Card

HDFC Snapdeal Credit Card is a special credit card for online purchases on Snapdeal. It offers 5% flat discount on Snapdeal purchase. Key features and benefits of HDFC Snapdeal Credit card are given below.

  • Welcome voucher of Rs.2000 for Snapdeal.
  • Flat 5% discount on buying things from Snapdeal.
  • 2 Reward Points per Rs.150 spent on all other purchases.
  • Free Accidental Death insurance up to Rs.50 Lakh on doing 4 transactions per month.
  • Fuel surcharge waiver benefit.

Joining Fees – Rs.500

Annual Fees – Rs.500

Finance charges – 3.4% per month

#4 Axis Bank Buzz Credit Card

Axis Bank Buzz Credit Card is next in the list of best credit cards for online shopping. This card offers exclusive benefits for Flipkart purchases. Discounts on online purchases and free vouchers are a few benefits associated with this card. For more information go through benefits listed below.

  • Complementary Flipkart vouchers worth Rs.8000.
  • 10% and 5% instant discount on Flipkart at various dates.
  • 3x Axis eDGE reward points on online shopping.
  • 15% discount on the dining.

Joining Fees – Rs.750

Annual Fees – Rs.750

Finance charges – 3.25% per month

#5 SBI Card PRIME

SBI Card PRIME is a credit card for online purchases. In addition to online shopping, you will get benefits on grocery, dining, departmental store purchase. Key features and benefits of SBI Card PRIME are given below.

  • Welcome e-gift voucher worth Rs.3000 for shopper stop, pantaloons and Yatra.com
  • Get 15 reward points on every Rs.100 spent on Bigbasket.
  • Get 10 reward points on every Rs.100 spent on dining, grocery and departmental store purchase.
  • Additional gift voucher of Rs.7000 every year on achieving annual spent of Rs.5 Lakh.
  • Complimentary Club Vistara Silver Membership.
  • 1% fuel surcharge waiver.

 Joining Fees – Rs.2999

Annual Fees – Rs.2999

Finance charges – 3.35% per month

Over to you – Do you use credit cards for doing shopping online? Which credit card is best for online shopping for you? Share your choice in the comment section given below.

How to renew Health Insurance Policy Online? – Important Tips

Renew Health Insurance –  Buying a Health Insurance policy and renewing it every year is extremely important. If you don’t renew your health insurance policy you are likely to suffer a lot. Your policy will be expired and you will not able to file any claim. Moreover, you will lose other benefits such as no claim bonus and free medical checkup benefits. When you purchase a new policy you need to wait for claim filing. You cannot file a claim until the waiting period is over.

So, it is advisable to renew a health insurance policy on time. You can check the renewal date and put a reminder in your mobile to pay the premium and renew the policy.

It is very easy to renew a health insurance policy. You just need to pay a premium for a health insurance policy. Steps to renew health insurance policy online are given below.

renew health insurance

How to renew Health Insurance Policy Online?

Follow the steps given below to renew the health insurance policy online.

(1) Visit the health insurance policy website. Login to the website with a given credential.

(2) You will find a link for the renewal of a policy. 

(3) Provide basic detail of your policy such as policy number and expiry date.

(4) Make premium payments via debit card/credit card or net banking. 

(5) On receipt of payment, the policy will be renewed and the policy document copy will be sent to you via email. You can take print and keep a hard copy.  

The process of renewal remains the same for all health insurance companies. Here is image showing health insurance renewal process of HDFC ERGO.

renew health insurance

You should consider the following points while renewing the health insurance policy.

10 Points to Consider while renewing a health insurance policy 

#1 Renewal Date

The first important point is the renewal date. You should note down the renewal date and put up a reminder on your phone as well as the diary. Make sure to renew the policy before the renewal date. We have already discussed the impact of missing renewal date.

#2 Health Insurance Amount – Top Up

At the time of renewal of health insurance, you can opt for additional insurance. The additional insurance amount is called as Top Up. Suppose you have health insurance of 2 Lakh and you have requirement of increasing health insurance you can Top up at the time of renewal. You may need to go for health checkup for higher Top Up amount.

Also Read – Health Insurance – Section 80D Income Tax Benefits

#3 Change in Insured Numbers

Renewal is correct time to increase additional family member in the policy. You can add your child or parents in your policy for tax benefits. Instead of buying a separate health insurance policy for family member, it is good idea to include them in existing policy.

#4 Higher Sum Assured Amount  

The next important point to consider is your health insurance requirement. Medical expenses are increasing if you feel that health insurance amount is less you can increase it at the time of renewal. You need to pay higher premium amount for the higher sum assured.

#5 Check Terms and Condition of your policy

You should carefully check terms and condition of your insurance policy. It may be possible that terms and condition of your policy changed. You have to accept terms and condition of your policy. In case you do not accept the change you need to opt for portability.

#6 Check additional features offered

You should check additional features offered by health insurance company. Your health insurance company might have introduced new features. Relook at additional features offered by health insurance.

#7 Disclosure of New Illness

If you or your family member is diagnosed with any new illness you should inform your health insurance company. You can do that at the time of renewal. Your health insurance premium will not be increased but it is considered as your credibility.

#8 Evaluate option of Health Insurance Portability 

At the time of renewing a policy, you can evaluate the option of health insurance portability. This option turns out to be a good option when you are dissatisfied with the existing insurer. This may be due to higher premium costs, higher waiting periods, sub-limits, etc. You will not lose any policy benefits including no claim bonus if you opt for health insurance portability.  

#9 Tax Benefits

It is a good idea to consider the tax benefits offered on the health insurance plan. You can plan to change the policyholder at the time of renewal. This is to ensure better tax benefits to the policyholder.

#10 Inform your family member

Once you are done with renewal of health insurance you should inform your family member about renewal and claim procedure. This will help your family member about filing the claim on your behalf.

Conclusion

As the cost of medical expenses is growing you should buy an adequate health insurance plan. In addition to buying a policy, you should renew it by the due date. Keeping policy alive will help you as well as your family in case of hospitalization or medical expenses.

Best Gold Loan Options in India 2025

0

Best Gold Loan Options – Gold Loan has turned out to be a very good loan option compared to personal loans and credit cards. Gold Loan is available at lower interest rates compared to credit cards and personal loans.

The approval process of gold loan is faster and you can get immediate finance with a shorter period. These types of loans are backed by gold so the lender does not consider credit score or credit profile for the approval of loan.  

If you are in a need of money you should evaluate gold loan as a financing option.

Gold loan or loan against gold is a secured loan option. Here customer needs to submit gold ornaments to the gold loan company as collateral for availing a loan. The company provides loan amounts as per the market value of the gold.

Here is a list of Best Gold Loan Options in India 2025.

Best Gold Loan

Best Gold Loan Options in India 2025

State Bank of India Gold Loan

State Bank of India is a trusted name when it comes to taking a gold loan. SBI Gold Loan starts from Rs.20000 and goes up to 20 Lakh. You need to pledge gold ornaments or gold coins for this loan. The interest rate of SBI for this loan is the lowest at 7.75%. SBI offers three types of gold loan (1) Gold Loan (2) Liquid Gold Loan (3) Bullet repayment Gold Loan. Difference between these loans are given below.

Gold Loan Liquid Gold Loan Bullet repayment Gold Loan
Margin 25% 25% 35%
Period 3 Years 3 Years 1 Year
Repayment EMI Overdraft Bullet Payment
  • Loan Amount – Rs.20000 to 20 Lakh
  • Margin – 25-35%
  • Processing fees – 0.5% of loan amount + GST
  • Interest rate – 7.25 – 7.75%
  • Repayment charges – NIL

Pros  

  • Lowest Interest rate
  • No repayment charges

Cons 

  • Margin is 35% for bullet repayment loan (65% LTV)

Manappuram Finance Gold Loan

Manappuram Finance is a famous name when it comes to a gold loan. Manppuram is NBFC that offers loans at a 9.9% interest rate. Manappuram offers online as well as an offline option for applying for a loan. T

he minimum loan amount offered by Manappuram finance is Rs.1000 and maximum amount is 1.5 Cr. Key features of Manappuram Finance Gold Loan are given below.

  • Loan Amount – Rs.1000 to 1.5 Cr
  • Loan Tenure – 3 Months to 1 Year
  • Processing Fee – Rs 10 charged at the time of settlement
  • Late payment Charges – 3% per annum
  • Interest rate – 14% to 29%
  • Repayment Charges – NIL

Pros

  • Different schemes for different income group
  • Lower loan amount starting from Rs.1000
  • Prepayment Charges NIL 

Cons

  • Higher Interest rate
  • Lower Tenure for the loan
  • Late payment charges 3%

Muthoot Finance Gold Loan 

Muthoot Finance is one of the largest and best gold loan provider in India. Muthoot Finance is famous for quick loan disbursal. Muthoot Finance provides loan from Rs.1500 with no maximum limit. Muthoot Finance also provide option to apply for loan online. Minimum documentation and safe custody of gold ornaments are plus points of Mutooth Finance Gold Loan.

  • Loan Amount – Rs.15000 with no maximum limit
  • Loan Tenure – 3 Months to 1 Year
  • Loan processing charges – Rs.50 to 1% of loan amount
  • Late payment charges – 2%
  • Interest rate – 12 – 27%
  • Repayment Charges – NIL

Pros

  • Lower Loan Amount
  • Multiple Loan Options
  • Prepayment charges NIL

Cons 

  • Loan Tenure is up to 1 Year only
  • Rate of Interest is higher

ICICI Bank Gold Loan 

ICICI Bank offers unique gold loan scheme where no payment of EMI required, you need to pay loan amount and interest at the end of loan tenure. Minimum loan amount offered by ICICI Bank is Rs.10000 up to maximum limit of 15 Lakh. Key features of ICICI Bank Gold Loan are given below. 

  • Loan Amount – Rs.10000 to 15 Lakh
  • Loan Tenure – 6 Months to 1 Year
  • Processing Fee – 1% of Loan Amount
  • Documentation charges – Rs.199
  • Foreclosure charges – 1% if account is closed within 11 months
  • Interest rate – 10% – 19.76%
  • Late payment charges – 6% per annum

Pros 

  • Lower Interest rate
  • Applying a loan with miss call
  • Free gifts on loan 

Cons 

  • Fix tenure loan
  • 1% foreclosure charges

Federal Bank Gold Loan 

Federal Bank Gold Loan is one of the best gold loan option. You will get instant sanction with faster processing at Federal Bank. The rate of Interest at Federal Bank is lower. You can get loan from minimum Rs.1000 to 1.5 Cr at Federal Bank. Key Features of Federal Bank Gold Loan are given below.

  • Loan Amount – Rs.1000 to 1.5 Cr
  • Loan Tenure – 6 Months to 12 Months
  • Loan Processing charge – NIL
  • Foreclosure Charge – NIL
  • Interest rate – 13.25%

Pros

  • Multiple Gold Loan option including door step loan and Digi Loan overdraft
  • Lower Interest rate
  • NIL processing fees
  • No Hidden Charges

Cons

  • Maximum loan tenure is up to 1 Year

Things to consider while availing Gold Loan 

You should consider following important points while availing gold loan.

Loan Margin Amount

Loan amount is an important thing to consider while availing loan. Your loan amount depends upon the valuation of gold. Bank and NBFC offer gold loan above 75% of gold value. However, the bank retains a margin amount while sanctioning loans. This is to overcome fluctuation in the gold price. Bank and NBFC usually specify an upper and lower limit for the loan amount.

Interest Rate

Interest rate is important while availing gold loan. The interest rate of loan should be lower. The interest rate is decided based on associated risks. LTV (loan to value), Loan tenure, loan amount, gold price fluctuation are some of the factors that is used for deciding the interest rate. LTV (loan to value) ratio is dynamic and changes with risk. You should compare the interest rate before making a selection of loans.

Processing Fees

The processing fee is the amount charged by the lender for the processing of the gold loan application. The processing charge varies from 0-2% of the loan amount. Few lenders charge flat fees for the loan. You should consider processing fees while applying for a loan. 

Processing Time for Loan

The processing time for the gold loan is lower as minimum paperwork is involved. This loan is usually processed within a few hours. Due to low processing time for a disbursal gold loan is becoming an attractive finance option for many. 

Prepayment or Closure Charges

Prepayment or a Closure charge is another important thing to consider for the gold loan. The prepayment charges are variable and depend upon the lender. The charges are in the range of 0-3% of the outstanding loan amount. As you can save on interest cost by repaying loan amount it becomes important to compare prepayment or closure charges.

How to start Organic Food Store Business?

Organic Food Store – The demand for organic food is increasing. The prime reason is everyone wants to live a healthy life. They are ready to spend money on healthy and natural food and green vegetables, which is organic food. Thus starting an organic food store is profitable and future business. If you are planning to start your organic food store, here is complete information about organic food store business and things to be taken care of while opening an organic food store.

What is the meaning of Organic Food?

Before starting an organic food store, the most important thing that you need to know is what are organic substances and how are they beneficial for us. And why such businesses are growing very fast in India.

Organic food means food grown organically without using pesticides and chemical-based fertilizer. It is natural food. Organic food includes vegetables, fruits, grains, bakery products, and some processed foods. Such as – apples, strawberries, carrots, grapes, eggs, fine grains, rice, best milk, dairy products (butter, yogurt, milk, cheese), green beans, cucumber, greens leafy vegetables (spinach, lettuce, collard greens), cabbage Herbs, tomatoes, peaches, black pepper, parsley, potatoes (including sweet potato) and so on are many other substances that fall under the category of organic foods.

Organic food is beneficial to us as well as the environment because organic farming not only keeps our body fit but also keeps our environment pure. All substances made in organic farming are produced in the pure atmosphere by removing chemicals from the air, water, soil. That is why the business of organic farming is growing very fast in India, and its owners are also earning a good amount of profit, so this business is also very profitable.

Organic Food Store

How to Select Place for Organic Food Store?

We want to tell you that no matter what the business is, whether you set up a small fruit shop or open a big organic store, first of all, you need a good location. The success of your organic food store depends on your location. You should open a food store in a prime location or posh area where people understand organic food and ready to spend money on this type of store. Make sure you don’t have any nearby competitors.

It is recommended to start a small store with a small investment and rented shop.

Also Read –JioMart Distributor – How to start a business with JioMart?

Registration and License required for Organic Food Store

To start any type of business, it is very important to get legal recognition of that business first of all.

  • If you have thought of starting a food-related business here, then you must apply to get a license of FSSAI.
  • Your store should also get official enrollment of the organic trade association.
  • Take approval from the local municipality & get a trade license.
  • Select one of the main operating structures for your small business, such as a corporation, limited liability company partnership or sole proprietorship.
  • Once the above paperwork is completed apply for GST number and PAN card. If you are opening a business in an individual capacity PAN card is not required.
  • Open a bank account on the name of your organic food store.

Hire staff for Organic Food Stores

For any business, you require manpower. It will be very difficult to manage a store with a single manpower.  In such a situation, you will need a good staff for management. You will need manpower for the management of stock as well as for accounts.

First of all, you need to decide how many people you will need and skillset. The manpower requirement will depend on the size of your business. Start with a small number of people.

You can take help from a staffing agency or newspaper advertisement for recruiting people. It is a good idea to recruit known and trustworthy people.

Organic food store management

To be successful in any business, you need to have good control over business in terms of management. Go through points given below that will help in managing your store effectively.

  • Always manage your organic store properly, at what price the goods are being sold to your customer and how you can track them easily.
  • The quality of the food matters a lot. Make sure to maintain quality of food.
  • Keep close eye on customer preference and make changes in product range and store accordingly.
  • It is good idea to have CCTV camera system in your store. This will help you in monitoring your store and controlling theft.
  • Keep good control of the supply chain. If required make a direct contract with farmers supplying organic food.

How to do marketing of your organic food store?

It is important to do marketing of your organic store so that you can increase sales and become successful. There are multiple ways to market your business. First of all, you need to tell people how organic food is beneficial for everyone.  You can market your organic food store on social media where almost every person in a country is connected.

You can prepare a website and market website and benefit from organic food via WhatsApp. Apart from this, you can also spread awareness about your business via an offline method such as putting up banners and posters. You can also use newspaper or hoarding for marketing your business.

Deciding price of Organic Food

Price is another important factor for making a selection. You need to make sure that the price of your food is economical or not so high. Compare the price of food with other nearby stores. This is to assure that you are not selling food at a higher cost. If you don’t find any nearby store you can try to locate other stores in the city.

Your customer base will not increase if you are unable to price your goods correctly. Therefore, determine the price of your product correctly.

How much investment is required for organic food store?

For organic food business, you may need to invest up to 7 to 12 lakh rupees. The major component where you need to invest money are given below –

  • Firstly, you need to decide on the location. If possible go for rented location. You need to pay a deposit for renting a place.
  • You will need staff for running business. You need to pay salary to them every month.
  • The organic food cost money. Initially, you will need approx. 5-6 Lakh to buy goods.
  • You need to spend money on furniture and other arrangements. This will cost you approximate 3-4 Lakh.

You can go for a business loan to establish your organic food business.

Conclusion –

You need to work hard and do a lot of things to establish and run organic food business. I hope the information given above will help you in establishing your business.

If you have any query about establishing or running an organic food store, you can send us an email or contact us via the comment section given below.