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5 Credit Cards with Bad Credit Score

Credit Cards

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October 14, 2018

If you have bad credit score it becomes very difficult to qualify for the credit card. You have to either improve your credit score or submit the collateral to avail credit card. The card available against collateral or against fixed deposit is popular as “Credit Cards with Bad Credit Score” or Credit Card against Fixed Deposit (Secured Credit Cards).

Apart from bad credit score credit cards against fixed deposit are suitable for –

The people who are facing a challenge to opt for the credit card due to poor salary.
The people looking for add-on credit cards.
The people who are online shopper and habitual for keeping multiple credit cards.

If you are falling in any of the category mentioned above, here is a list of 5 Credit Cards with Bad Credit Score that you can opt for.

Also Read – 7 Best Free Credit Card India

5 Credit Cards with Bad Credit Score

SBI Advantage Plus Card

SBI Advantage Plus is one of the globally accepted cards that helps you to improve your credit history. This card is offered against the fixed deposit. You can avail up to 85% credit limit against FD amount. The key features and benefits details of SBI Advantage Plus card is given below.

Key Features and Benefits

Improvement in Credit history to avail loan in future.
Flexipay facility to covert transaction to EMI.
Cash withdrawal ATM up to 100%.
Credit limit up to 85% of FD amount.
Global acceptance of card.

Fees and Charges

Annual Fee – Rs.500 + GST
Renewal Fee – Rs.500 + GST
Finance charges – Up to 2.25% per month or 27% per annum, from the transaction date
Late payment – Up to Rs.750

SBI Unnati Card

SBI Unnati Card is a card with no annual fee. It is a secure credit card which can be issued with a fixed deposit of Rs.25000 and above. No annual fee is applicable for this card up to first four years. Key features and fee applicable to this card are given below.

Key Features and Benefits

No annual fee for first four years.
Fuel surcharge waiver for the transaction between Rs.500 to Rs.3000.
Balance Transfer EMI facility available.
Flexipay option similar to SBI Advantage Plus card.

Fees and Charges

Annual Fee – NIL for the first four years
Renewal Fee – Rs.499 + GST (Fifth Year Onwards)
Finance Charges – Up to 2.5% per month

business credit card

Axis Bank Insta Easy Credit Card

Axis Bank Insta Easy Credit Card is one of the best credit cards for a person with bad credit score. Axis Bank Insta Easy Credit Card can be issued with minimum documentation. The minimum fixed deposit requirement for Axis Bank Insta Easy Credit Card is Rs.20000. Key Features and fee applicable to this card are given below.

Key Features and Benefits

Credit limit is up to 80% of fixed deposit amount.
You can avail a minimum 15% discount by using this card.
This card offers global emergency assistance.
You can avail 1% fuel surcharge waiver by using this card.
This card also offers multiple rewards.

Fees and Charges

Annual Fee – NIL
Renewal Fee – NIL
Finance Charges – Up to 2.5% per month

ICICI Bank Coral Credit Card

ICICI Bank Coral Credit Card is provided against income proof or against the fixed deposit. This card is best suited for salaried people or people with bad credit history. If you opt for this card against fixed deposit you need not submit any income documents. Key features and applicable fee on this card is given below.

Key Features and Benefits

Double the rewards on dining, groceries at the supermarket.
Payback point on every Rs.100 spent on utility and insurance.
15% saving on dining via culinary treat program.
50% discount on joining fees.

Fees and Charges

Annual Fee – Rs.500 + GST
Renewal Fee – Rs.500 + GST
Finance Charges – Up to 2.49% per month

Kotak Mahindra Aqua Gold Card

Kotak Mahindra Aqua Gold Card provides interest-free cash up to 80% of term deposit amount. This card is a unique combination of affordable and easily accessible cash all over. Key features and fee detail of this card is given below.

Key Features and Benefits

Credit Limit up to 80% of term deposit amount.
Fuel surcharge waiver benefits.
Credit card insurance up to Rs.50000.
Credit Card balance transfer facility available.
Minimum TD amount required is Rs.25000

Fees and Charges

Annual Fee – NIL
Renewal Fee – NIL
Finance Charges – Up to 2.99% per month

Over to you

You can easily get credit card against fixed deposit irrespective of your credit history. This does not mean that you should opt for the credit card. Apply and use the credit card if it is absolutely necessary. Usage of these type of credit card will surely improve your credit history. However, you need to make sure that you pay credit card dues on time else bank will deduct a due amount from the fixed deposit.

10 Upcoming Business Startup Ideas for 2025-26

Business Ideas

Shitanshu Kapadia

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October 7, 2018

1

Which startup business ideas are likely to offer quick success? Well, entrepreneurs and potential businessmen are always searching for answers to these questions. They know that the success of a business depends on the innovative business idea and market potential. To help them here is a list of 10 upcoming Business Startup Ideas for 2025.

All these upcoming business startup ideas are from the digital world and contain a huge potential to earn money. You might have heard about new technological jargon such as artificial intelligence, augmented reality, IoT, machine learning etc. The upcoming business startup ideas list given below will revolve around these technologies. All these startup ideas require a lot of technical expertise and a competent team.

Startup Business Ideas

10 Upcoming Business Startup Ideas for 2025-26

Artificial Intelligence-Based Business Startup Ideas

Artificial Intelligence is a new technology. Artificial Intelligence is intelligence demonstrated by software, in a similar manner to the intelligent human thinks. A few business ideas around AI are given below.

Technical Consultancy – If you have expertise in the AI area, you can start your own technical consultancy. There are many companies looking for experts in this area.

AI-Based personal assistant – Another idea around AI is making customized personal assistant that deals with customer query or interact with customers for prototype work. It is also known as AI-enabled chatbots for customer service.

AI-based prediction of repair and machinery – You can also explore the world of machinery by using sensor networks and artificial intelligence. The application is to do a predictive analysis for the repair and replacement of machinery in the factory.

Virtual Reality-based Business Ideas

Virtual Reality means computer-based stimulation of a 3D image or environment that can be interacted by a person using specialized electronic equipment. The startup ideas around VR are given below.

VR Café – Virtual reality café is an upcoming business concept. It is a place where a customer gets an opportunity to experience virtual reality. This can be for various purposes such as watching 3D movies, playing 3D games, team building, 3D book reading, and meditation.

VR for safety training – Another business idea is designing a safety training module based on VR. This type of module is useful in construction, manufacturing, and factory for increasing safety awareness.

VR App Development – The development of VR-related business is not possible without the development of VR-based apps. Thus, starting a VR app development business is an exciting business opportunity. It has very good business potential.

Robotic Automation

Robotic Automation or Robotic Process Automation is an upcoming business process automation technology where various work is atomized by using AI-based workers or robots. A few robotic automation business ideas are given below.

Developing Customized Robots – The first business idea under robotic automation is developing own customized robot for doing prototype work or activities. Many companies will be deploying a robotic workforce for doing work.

RPA Tool Design & Training – Another lucrative idea is starting your own RPA tool designing or training institute. The market potential of robotic automation is very huge.

Also Read – 15 Business Ideas in India starting from 1 Lakh

Drone-based Business Startup Ideas

Drone is an unmanned aerial vehicle (UAV). It is the name given to small aircraft without a human pilot. The drone comes with several inherent features such as an inbuilt camera, GPS, Bluetooth, collision avoidance, active tracking etc. There are many startup business ideas associated with a drone.

Drone-based material delivery – The experiment of making delivery via drone is already done. In the future, you will see a UAV drone making delivery of products at a doorstep. If you have expertise in this area you can make a lot of money.

Photography – Taking photographs or videos from the air was very expensive prior to the introduction of drones. The drone is equipped with a high-resolution camera. If you have photography skills and an interest in drones, you can consider starting a drone photography business.

Agriculture and building survey – A Drone equipped with sensor and camera can help to do better agriculture and building survey at a lower cost. It is also helpful in maximizing crop yields. If you have expertise in this area you can think of starting a related business.

Big Data Analytics Consultancy

Big Data Analytics is a complex process of doing data analysis and presenting data in a meaningful format so that appropriate decisions can be taken. There will be a huge demand for big data analytics experts and consultants. Many organizations will be needing big data analytics experts in the future. If you have knowledge and expertise you can start your business of big data analytics consultancy.

Wearables Technology Startup Ideas

Wearable means wearable devices that can be incorporated into clothes or injected into the body as an implant. Wearables are widely used in India as well as across the globe. A few business startup ideas associated with wearable are given below.

Selling Wearable Products – A simple idea associated with a wearable is importing and selling wearable products. Looking at demand it can be said that the wearable has very good market potential.

Wearable App Development – The demand for wearable is increasing. The increase in wearable requires mobile application development. If you have expertise in this area you can plan to start a business in this area.

Smart Glass-based Business Ideas

Smart Glass is an innovative product. The property of smart glass changes with the application of electric current. Very few companies manufacture smart glass in India. There are many applications of smart glass such as providing real-time guidance, arranging immersive training, virtual meetings, remote video conferencing, etc. It is a future technology with a lot of startup ideas and opportunities.

Virtual 3D Technology based startup ideas

Virtual 3D or Virtual Reality means a use of computer technology to create a simulated environment in 3D. In this environment, users are immersed and able to interact with the 3D world. A few startup ideas associated with Virtual 3D technology are given below.

Virtual 3D tour program – One applicable use of Virtual 3D technology is designing virtual tours of real estate, hotels, factory environments, or products. It requires a lot of time and expertise to build these types of virtual tours. If you have a team that can work towards Virtual 3D technology you can earn a lot of money.

Virtual 3D Gaming – The next promising startup business idea is designing and selling virtual 3D games. In the future people will be playing 3D games instead of actual games.

Selling Virtual 3D Equipment – Another unique way of earning money is by establishing a startup associated with importing and selling virtual 3D equipment.

3D Printing

3D Printing is the process of making a physical object from a three-dimensional digital model, typically by laying down many thin layers of a material. 3D printing has a lot of potential. A few business ideas associated with 3D printing are selling 3D printing, preparing prototype 3D printing models, 3D scanning, etc.

Smart IoT-based Startup Ideas

IoT is the internet of things. It is a network of physically connected devices including vehicles, home appliances, and other sensors for data exchange and for making a meaningful decision. There are plenty of upcoming business startup ideas associated with IoT. A few of them are Industrial IoT consultancy, selling IoT devices, networking of IoT devices, etc.

Over to You

I hope you have a good understanding of 10 Upcoming Business Startup Ideas for 2025. So, what are you waiting for? Surpass the barrier of money and start moving towards your passion and dreams.

All the Best!

ESOP – Employee Stock Ownership Plan Benefits & Tax

Stock Market

Shitanshu Kapadia

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October 5, 2018

0

ESOP is an acronym for Employee Stock Ownership Plan or Employee Stock Option. ESOP is offered by the company to employees.

Imagine clocking into your 9-to-5, sipping that routine cup of coffee, and realizing your job could also be your golden ticket to wealth creation. Sounds like a dream, doesn’t it? Well, with ESOPs—or Employee Stock Ownership Plans—it’s not just a pipe dream anymore. It’s a very real and increasingly popular way for employees to own a slice of the company they help build every day.

ESOPs have caught on like wildfire, especially in startups, tech giants, and even traditional conglomerates looking to retain top talent. But here’s the kicker: while ESOPs offer an exciting path to financial growth, they also come bundled with a web of tax rules, eligibility clauses, and strategic decisions that can leave even the smartest professionals scratching their heads.

Let’s dive in and demystify the world of ESOP – Employee Stock Ownership Plan Benefits & Tax, once and for all!

ESOP

What is ESOP?

ESOP is Employee Stock Option. It is an option given by the company to employees. In this option, employees get the right to purchase a certain number of the company’s shares at a predefined price. This offer is given only for a specific period or periods. ESOP is one type of performance reward offered to loyal and hardworking employees. Many companies use ESOPs as a retention tool.

ESOPs are generally offered to employees at discounted rates. It is given in parts, and there is a fixed vesting schedule. The period for which employees have to wait before exercising a right to buy the share is known as the vesting period. If an employee doesn’t exercise the option, it will lapse, and the employee will not get any rights.

In addition to serving as a reward and retention mechanism, ESOPs can play a strategic role in business continuity planning. Many companies in different sectors offer ESOPs to employees to attract and retain talent.

Also Read – Gratuity – Important Points to Know about the Gratuity

How can employees benefit from ESOPs?

ESOPs help employees accumulate wealth. It can act as a good tool to generate a retirement corpus. It is advisable to exercise the SOP option when shares are trading at a lower price. In simple terms, you need to follow the strategy of buying a share at a lower price and selling it at a higher price to gain a higher profit.

Before opting for ESOP, one should understand that there is a risk associated with exercising this stock option. If the company does not perform well in the future, you may end up losing money. Apart from that, in most of cases, a stock option is given as a part of a compensation package. Acceptance of a stock option will reduce fixed pay. One should do a cost-benefit analysis before accepting the stock option. You should consider factors such as reduction in salary, expected cash outflow, tax implications, and share price at the time of exercising this option.

What are the advantages and disadvantages of ESOP?

Advantages

ESOPs can be a very good tool for wealth accumulation in the long run.
ESOPs are one of the ways to participate in the equity market for the newbie.
Employees generally know about the growth prospects of the company, so they can decide their investment strategy.
For the employer, it will act as a good tool for the retention of good employees.
An employer can give ESOPs when a company is running out of cash.
An employee will be more focused on delivering results as they have a stake in the company.

Disadvantages

Sometimes ESOPs may backfire and give very low or no returns to the employee.
ESOPs do not provide liquidity.
ESOPs come with tax implications.
In some of the cases company place a condition of a locking period or bond, which will dilute the benefits of ESOPs.

Given these drawbacks, it’s worth exploring other succession strategies that avoid the cost and complexity of traditional ESOPs. In fact, selling to employees without an ESOP—such as through direct sales or structured internal buyouts—has become a practical and increasingly popular option for owners seeking a smoother transition. Learning more about how to sell to your employees can help you evaluate whether a non-ESOP route aligns better with your goals and circumstances.

Also Read – 10 Best Investment to get regular monthly income

Tax Implications of ESOP

ESOP taxation in India happens in two stages:

Stage 1: At the Time of Exercise

When you exercise your ESOPs (i.e., buy them at the exercise price), the difference between:

Fair Market Value (FMV) – Exercise Price

…is considered perquisite income and taxed as salary income. This amount appears on your Form 16, and TDS is usually deducted.

💥 Example:

Exercise Price: ₹100/share
FMV on Exercise Date: ₹300/share
Taxable Income: ₹200/share

So, if you exercised 1,000 shares:
200 x 1000 = ₹2,00,000 gets added to your income and taxed as per your slab.

Stage 2: At the Time of Sale

Now, when you sell the shares, the gain from FMV (when exercised) to Sale Price is treated as a Capital Gain.

Held < 24 months (for unlisted shares) = Short-Term Capital Gain (taxed as per slab)
Held > 24 months = Long-Term Capital Gain (taxed @ 20% with indexation)

For listed shares, the holding period is only 12 months, and LTCG > ₹1 lakh is taxed @ 10% (without indexation).

FAQs

Q1. What happens to ESOPs if I leave the company?

Only the vested ESOPs stay with you. Unvested ones usually lapse unless your company’s policy says otherwise.

Q2. Is ESOP income taxable every year?

Nope! It’s taxed only at the time of exercise (as salary) and again at sale (as capital gains). No yearly tax unless there’s an event.

Q3. Can I negotiate ESOPs in my offer letter?

Absolutely. Just like salary or bonuses, ESOPs can be negotiated, especially in startups or smaller firms.

Q4. What if my company never IPOs?

If there’s no liquidity event, your ESOPs might stay on paper. Some companies offer buyback options, so always ask HR.

Q5. How do I know the FMV of unlisted shares?

Companies get a valuation report from a registered valuer or merchant banker. That’s the FMV used for tax calculations.

Q6. Can ESOPs make you rich?

Short answer: Yes, but only if the company performs well, scales, and exits (IPO, acquisition, etc.). Think Infosys, Flipkart, or Zoho.

Q7. Is there a risk with ESOPs?

Yes—if the company fails or doesn’t scale, the shares might become worthless. It’s not guaranteed money.

Q8. Do I need to pay for ESOPs?

In most cases, yes. You pay the exercise price to convert ESOPs into shares. Some firms may grant them free, but that’s rare.

Conclusion

ESOP is a very good wealth generation tool. However, before opting for ESOP, one should do a proper analysis of risk vs reward.

From motivation and ownership to real wealth creation, ESOPs aren’t just another corporate buzzword—they’re a powerful tool in your financial arsenal. But with great stock power comes great tax responsibility. Knowing the rules, playing your cards right, and timing your moves well can turn these pieces of paper into serious payday.

So the next time your HR slides that ESOP policy across the desk, don’t just skim it—dig deep. It might just be the most valuable “benefit” your company has ever offered.

Because in today’s world, building wealth isn’t just about saving—it’s also about owning a piece of the action.

15 Best Work From Home Jobs

Career

Shitanshu Kapadia

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October 2, 2018

2

Work from home jobs is among one of the promising career options. Work from home jobs offers multiple benefits like – you can do your job wherever and whenever you want, you have the flexibility of working hours, you can spend more time with your family etc.

Looking at the benefits of work from home jobs, you must be excited to start your work from home job. To help you to find the best work from job I have prepared 15 Best Legitimate and real work from jobs ideas.

These work from home jobs ideas are suitable for everyone who wants to earn a decent income including students and housewives.

You just need good Wi-Fi internet connectivity and Laptop to get started with online work from home job. So, let’s begin.

work from home jobs

Also Read – Best Micro Jobs Websites to make money online in 2020

15 Best Work From Home Jobs

A list of best work from home jobs are given below.

Ad reading jobs from home

One of the simplest work-from-home job is Ad reading jobs. In this job, you will be paid for viewing an advertisement. The amount paid for viewing advertisement varies from website to websites. These types of sites are known as PTC sites (Pay to Click Site). The websites that offer ad viewing jobs are plenty. I use Ysense to make money by using Ad-reading jobs. You can earn on an average $50-$100 per month using Ad reading jobs.

Online Survey Jobs from home

If you love to give your opinion about products survey jobs are for you. In survey jobs, you need to complete small surveys along with your feedback. You will be paid $1 to $5 for a single survey. You need to spend daily 5 to 30 minutes to earn a decent monthly income. You can use Swagbucks to earn money from the survey.

Virtual Assistant

Next work from home job is a virtual assistant job. In this job, you will be acting as a virtual assistant to the client. Your daily task will include job such as typing e-mails, doing data entry, making travel arrangements, organizing calendar, meetings etc. You will be paid on the hourly basis. You can get virtual assistant jobs on the job portals freelancer and indeed.

Online Data Entry Operator

Online Data Entry job is prototype job where you just need to do fix set of data entry work. For most of the people, data entry job is a boring job. You can only get the comfort of work from home in this job. The earning in this job is limited based on time spent by you on completion of a job.

Captcha Work

Captcha Work is next work from home idea. It is an interesting work in which you need to solve the captcha and you will be paid money for solving each captcha. Your speed in solving captcha will determine your income level in this job.

You can use a website such as CaptchaTypers and MegaTypers website for earning money by solving the captcha.

Online Tutor

Online teaching is another lucrative online career option. If you have a knowledge and you are good at teaching you can start this job. There are many websites which offer a job as an online teacher. CueMath is one of them where you can earn up to Rs.40000 per month.

Web Developer

Another work from home job is a web developer. To become a web developer, you need to have programming skill and technical knowledge. You may opt for a Web Developer Course, which will help you to become a web developer. You can get a project online on freelancer websites. Alternatively, you can also promote your business by creating own website.

Travel Agent

Travel Agent is very good work from home job. As a travel agent, you need to associate yourself with an online portal such as Yatra, Make My Trip etc. You will be paid commission on per ticket booking. Apart from that, you can also think of starting your own home-based travel agency.

Also Read – 40 Online Business Ideas with low cost

Technical Support Specialist

There are many call centers that hire call based technical support specialist who can solve their problem remotely. If you have IT background or technical and analytical ability to solve the problem remotely you can become technical support specialist. You need to find out call center or companies looking for your services.

Translator

A person knowing multiple languages can opt for the job of translator. As a translator your job is to translate document from one language to another language. Additionally you are also responsible for checking and proof reading document. You can find translator job from online portal Up Work. Translator can earn $50 – $150 per month.

Social Media Influencer

Social Media Influencer is upcoming career option. As a social media influencer you need to create interesting content that engage audience and increase fan followers. If you have management and marketing skill along with technical skill you can become social media influencer. You may need to undergo proper training before starting.

Website or Code Tester

A person with technical background or IT knowledge can become website or code tester. Your task would be doing application code testing or website testing. You can get website or code tester job online from job portal. This job can earn you money in the range of $100 – $500 per month.

Call Centre Representative

Call centre representative is next work from home job. In this job, you will be acting as customer support person. Your task would be providing company and product specific information. In some cases you will be also responsible for solving customer problems.

Freelance Writer

The freelance writer is next work from home job. This idea can help you to earn $500 per month. Elance, Freelancer, and Copyblogger are websites that can offer you online writing jobs. You can even tie up with bloggers who are looking for web content writing services.

Blogging

Blogging is a popular way to earn money online. Blogging requires a lot of patience, knowledge and time. In blogging, you need to create a blog, publish articles on relevant topics and increase organic traffic. You will be paid for the advertisement placed on your blog. You can earn more than $1000 per month via this idea.

I hope work from home jobs given above will help you in earning decent income.

The list given above is made after doing extensive research, if you feel that this list can be expanded by adding more work from home jobs feel free to add it in the comment section.