UTI PAN Card Status – How to Track Your UTI PAN Card Status Online

Opting for the facilities of UTI for PAN card status checks simplifies the process of getting a new card and helps you stay updated about your application. This card is essential for many different purposes, such as:

  • Making your income tax payments
  • Getting tax deductions
  • Accessing financial services 
  • Opening a bank account
  • Identity proof for boarding a flight

You can apply for this card after turning 18 years old. Through the UTI Infrastructure Technology And Services Limited (UTIITSL), you can apply and check your card application status without any delays. Read on to know the steps for checking the status of your PAN card application online and more.

Check your UTIITSL PAN Card Status Through Date of Birth and PAN  

You can choose your birth date and application number details to know about your PAN card status. Check out these steps to get an update:

  1. Navigate to the official website of UTIITSL
  2. Navigate to ‘PAN Card Services’
  3. Choose the ‘Track Your PAN Card’ option under ‘PAN Services’
  4. Enter ‘Application Coupon number’ or ‘PAN’
  5. Add your date of birth
  6. Enter the provided captcha 
  7. Click on the ‘Search’ button

Check Your UTIITSL PAN Card Status Through Application /Coupon or PAN Number

Follow these steps to get an update on your PAN Card status by ‘Application/Coupon or PAN number’

  • Step 1: Visit the official UTIITSL website
  • Step 2: Navigate to ‘PAN Card Services’
  • Step 3: Choose the ‘Track Your PAN Card’ option under ‘PAN Services’
  • Step 4: Enter ‘Application / Coupon number’ or ‘PAN’
  • Step 5: Add your date of birth
  • Step 6: Enter the captcha code
  • Step 7: Click on the ‘Search’ button

Steps to Track PAN Card Application Status Using 15-digit Acknowledgement Number

You can also visit the NSDL (Protean) website and follow these steps to get an update. 

  1. Visit the official TIN NSDL 
  2. Track your PAN/TAN Application Status’ page
  3. Select ‘PAN – New / Change Request’ as the application type 
  4. Enter ‘Acknowledgement Number’ in the dialogue box 
  5. Enter the provided captcha code
  6. Click ‘Submit’

Check Your PAN Card Status By Calling the protean Tax Services Number

You can rely on the PAN & Tax Information Network Services (protean) website to check the status. Simply call 08069708080 and follow the instructions of the automated IVR service. You can choose from 9 languages to check your PAN card’s status. 

UTIITSL PAN Services

UTIITSIL provides more services other than just tracking PAN card status. Some of its other services are listed below. 

  • You can apply for a PAN card as an Indian citizen or an NRI and regenerate PAN application form 49A online
  • You can apply for a PAN card as a foreign citizen as a non-Indian resident
  • If your existing PAN card has some details that need to be changed, you can choose to make corrections 
  • For e-PAN regarding issues or discharged PAN cards, you can download e-PAN through the portal
  • If you already have a PAN card or for a dispatched case, you can reprint the card through the website
  • Through the e-KYC mode, you can update your address details in the PAN database
  • You can also track your PAN card status after applying for it successfully
  • This website is also useful for bulk verification of PAN
  • You can also check your Aadhar and PAN link status on the website if you have applied for it
  • You can find your nearby PAN application centre through state/district details or PIN code

FAQs on UTI For PAN Card Status

How can I check my PAN card status with my PAN details?

For checking the UTI PAN Card application status, you can opt for the following options. 

  • Enter your 10-digit PAN details on the UTIITSL website 
  • Call the UTI helpline on +91 33 40802999 between 9 AM and 8 PM on all days of the week

How to track a PAN card?

You have the option of tracking your UTI PAN Card application status in various ways:

  • Through SMS
  • Via telephone call
  • Online through UTI or Protean

How can I check my PAN card status by SMS? 

To check your PAN card application status through SMS, follow these steps:

  • Type ‘NDSL PAN’ followed by the 15-digit acknowledgement number 
  • Send to 57575
  • Wait for a reply with the current PAN card status 

How to check the PAN card status without an acknowledgement number in UTI?

To check the PAN Card status without the acknowledgement number, visit UTIITSL’s official website. Selecting ‘PAN Card Services’ and navigating to the ‘Track PAN Card’ option will help you track the status. 

Can we check the PAN card status with an Aadhaar number?

On the IT Department’s official website, you can check your PAN card status using your Aadhaar number. However, it is only applicable if your PAN and Aadhaar numbers are linked.

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Bonus taxability: Steps involved in calculating the tax on bonus in India

Bonus taxability is all about knowing how your bonus is taxed, so you can understand your liabilities better. Bonuses are additional earnings that you get from your employer for various reasons. In some cases, they are linked to your performance and in other cases, they are paid to you as a share of the profits as per the Payment of Bonus Act, 1965. 

A bonus is an essential part of the compensation structure for employees. It serves to reward and motivate them in many ways. Understanding the calculation of tax on bonus in India can help you comply with the law and avoid penalties. 

To know more about bonus taxability in India, read on.

How is your bonus taxed?

Keep in mind that you pay income on your earnings if your income exceeds the exempted limit. Your salary forms a part of these earnings. The tax you pay is calculated as per the tax slab you come under. There are different income tax slabs for various income amounts as per the old and new tax regimes. 

When you receive a bonus from your employer, this amount is directly added to your total salary. For instance, if your gross salary is ₹12 lacs and you get a bonus of ₹1 lac, then your total gross salary increases to ₹13 lacs.

Your employer makes calculations regarding the tax deducted at source or TDS on your salary, and this also includes the bonus amount. With the addition of a bonus to your salary, your gross salary amount increases. This results in higher TDS and may also lead to tax calculation as per a higher slab rate. 

Keep in mind that you will need to pay tax on your bonus in the year it is announced if you know the amount. However, if you do not know the amount, it is taxed in the year you receive it. 

Example of tax calculation on bonus

The best way to understand bonus taxability is by seeing an example of the way it is calculated. Say your gross salary is ₹13 lacs and the bonus amount is ₹2 lacs. According to the old regime, the income tax rate is ₹12,500 + 20% above ₹5,00,000 as per the tax slabs for AY2023-24. 

TDS calculation on salary and bonus 

ParticularsAmount
Gross Salary₹13 lacs
Add: Bonus₹2 lacs
Total Gross Salary₹15 lacs
Less: Incentives and Tax-free Allowances₹3 lacs
Net Salary₹12 lacs
Less: Standard Deduction₹50,000
Less: Deductions Under Section 80C₹1.5 lacs
Taxable Salary₹10 lacs
Payable Tax ₹12,500 + 20% above ₹5 lacs = ₹1,12,500
Monthly TDS Deduction₹1,12,500/12 = ₹9,375

Now, if your total taxable salary had crossed ₹10 lacs, your slab rate would change and you would end up paying more tax: ₹1,12,500 + 30% above ₹10,00,000. 

Take a look at the calculation to see how the TDS is calculated without any bonus.

TDS calculation on salary without bonus

ParticularsAmount
Gross Salary₹13 lacs
Less: Incentives and Tax-free Allowances₹3 lacs
Net Salary₹9 lacs
Less: Standard Deduction₹50,000
Less: Deductions Under Section 80C₹1.5 lacs
Taxable Salary₹7 lacs
Payable Tax ₹52,500
Monthly TDS Deduction₹52,500/12 = ₹4,375

As you can see, the TDS amount is lower in this case. 

Being aware of the bonus taxability is essential so you can plan your taxes effectively and try to get as many deductions as per various sections of the IT Act. This also helps you plan your cash flow better and achieve your goals too. 

For all the times when you do not get a bonus or have unexpected financial obligations, you can bank on Fibe. Avail of Instant Personal Loan up to ₹5 lacs at affordable interest rates and repay without any prepayment charges. Download Fibe Instant Loan App or register on our website to enjoy simple and easy access to funds. 

FAQs on tax on bonus in India 

How much is the tax amount for ₹1 lac bonus in India?

Tax calculation on bonus of ₹1 lac depends upon your salary and the income tax slab you fall under after adding the bonus to your taxable salary. For instance, if you have a salary of ₹12 lacs and you get a bonus of ₹1 lac on it, the total gross salary amounts to ₹13 lacs. In this case, your TDS will be ₹52,500 if you consider the regular deductions as per the table above. 

Is the Diwali bonus taxable?

You have to pay tax on bonus in India if the total amount that you get as a Diwali bonus exceeds ₹5,000. The tax on your bonus is deducted as per the income tax slab you come under. 

How can I avoid tax on my bonus in India?

You can avoid paying tax on your bonus if the bonus amount is equal to or lower than ₹5,000. If your bonus amount goes beyond this limit, you need to pay tax on it.

How is tax calculated on bonuses?

When you get a bonus, it gets added to your salary. From this gross salary, your tax is computed on the taxable salary after all deductions and allowances are subtracted based on your tax slab. 

Is the bonus taxable?

Yes, the bonus that you get is fully taxable as per Section 17 of the Income Tax Act. 

What is the bonus tax rate?

The tax rate applied to the bonus depends upon your taxable salary after considering all allowances and deductions based on your tax slab. There is no other rate that you can use for tax calculation on bonus.

Source:

https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1
https://incometaxindia.gov.in/charts%20%20tables/treatment_of_income_from_different_sources.htm

Smart ways to save tax on a salary above ₹10 lakhs?

Are you wondering how to save tax on a ₹10 lakhs salary? This is a frequently asked question, and fortunately, you can discover the solution right here. The IT Department imposes taxes according to the relevant tax bracket.

While paying tax is the responsibility of every Indian, it is also common for taxpayers to benefit from the available deductions and exemptions and reduce the tax liability. During a financial year, salaried individuals can opt for either: 

  • The old tax regime
  • The new tax regime 

This way, you are allowed to claim exemptions or deductions based on the old regime or follow the new structure and forgo most of the exemptions. Points to note:

  • You can continue to avail deductions such as Section 80C, 80D and more when you opt for the old tax regime
  • You cannot claim most of your tax deductions by opting for the new regime, even though it offers comparatively lower tax rates

Read on to learn how to save tax on a ₹10 lakhs salary and more.

Understand Your Salary Structure

You must be well-informed of your salary structure before thinking about how to save tax on salary. If you are opting for the old regime, knowing this component forms a crucial part of the process. Simply put, your total salary minus the exemptions forms your taxable salary income.

The difference of this taxable income with deductions is your net taxable income. So, you can enjoy maximum tax benefits through these deductions and exemptions. Once you understand the salary structure, it becomes easier for you to compare both tax regimes to help you save tax. 

Also Read: Best 10 Tax-saving Investments

Assess the Scenario if You Opt for the Older Tax Regime

If you are wondering how to save tax on salary using the old tax regime, you need to understand the salary component, as mentioned. A few exemptions you are allowed to claim from your salary income include:

  • House rent allowance or HRA
  • Leave travel concession or LTC
  • Standard tax deduction of ₹50,000
  • Office and personal allowance
  • Professional tax

You may also have generated other interest earnings from: 

  • FDs
  • Dividends
  • Rent

You need to factor these in apart from your salary income. To help you understand how to save tax on a ₹10 lakhs income, here is a hypothetical example.

DetailsAmount (₹)
Total salary₹10 lakhs
Deductions:
HRA exemption₹2 lakhs
Standard deduction₹50,000
Net income₹7.5 lakhs
Additions:
Interest earnings from investments ₹10,000
Gross taxable income₹7.6 lakhs

Disclaimer: Aforementioned values are arbitrary and have been used for illustration purposes only.

In case you have availed of a home loan, you can claim the interest of up to ₹2 lakhs under the income from the house property head u/s 24 of the IT Act.

From the gross taxable income, you need to claim certain deductions to arrive at the net taxable income. Here’s a simple example:

DetailsAmount (₹)
Gross taxable income₹7.6 lakhs
Deductions:
Section 80C₹1.5 lakhs
Section 80D₹50,000
Section 80CCD (1b)₹50,000
Section 80TTA₹10,000
Net taxable income₹5 lakhs
Income tax payable₹12,500
Reduce rebate under Section 87A₹12,500
Cess on the income tax amount0
Final tax amount0

Disclaimer: Aforementioned values are arbitrary and have been used for illustration purposes only.

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Assess the Scenario if You Opt for the New Tax Regime

If you choose the new tax regime, you are not eligible to claim certain deductions. In this case, you can calculate the total tax payable on your total gross taxable income.

As per the new tax regime, you can claim a new deduction as per Section 80CCD (2).

  • This is applicable if your employer has made an NPS contribution to your salary account
  • As a private sector employee, you can claim a maximum deduction of 10% of your salary
  • An employee working in the public sector can claim a 14% deduction

As there are no common deductions, such as HRA and LTA, your total gross taxable income becomes higher according to the new structure. This ultimately results in a higher tax outgo. 

Here is an example to help you understand the new regime:

DetailsAmount (₹)
Gross taxable income₹10 lakhs
Deductions:
HRA exemption0
Standard deduction0
Professional tax0
Standard deduction₹50,000
Net taxable income₹9.5 lakhs
Final tax amount₹54,600

Disclaimer: Aforementioned values are arbitrary and have been used for illustration purposes only.

What are the Exemptions from Salary?

Check out the available exemptions from salary:

ElementTax Rules
Basic SalaryCompletely taxable
Dearness AllowanceCompletely taxable
HRA or House Rent AllowanceTax Exemption up to a limit
LTA or Leave Travel AllowanceExemption of costs of travel tickets for 2 trips in 4 years u/s 10(5)
Mobile/Internet AllowanceExemption in case of primary utilisation for office purposes after submitting bills or proof
Education Allowance for Children₹4800 per child with a cap of 2 children
Food Allowance₹50 per meal with a cap of 2 meals per day
Standard Deductions₹50,000 without any restrictions
Professional Tax₹2,400 (varies from state to state)

You can enjoy tax benefits when you use a personal loan amount for specific reasons such as:

  • Meeting education expenses
  • Purchasing, constructing or renovating your home

If you are planning to opt for a Personal Loan, you can do so easily on Fibe. Download our Instant Loan App and avail a maximum loan amount of up to ₹5 lakhs. You can get the required funds within minutes after approval at competitive interest rates. 

FAQs on How to Save Tax for Salary Above ₹10 Lakhs

How can I avoid tax on a salary above ₹10 lakhs?

You can avoid tax by:

  • Understanding the salary component properly
  • Assessing both old and new tax regimes

How much tax do I pay on a ₹10 lakhs salary?

The tax amount depends on:

  • Your gross taxable income after deductions
  • Whether you choose an old or new tax regime

How to pay zero tax on a ₹10 lakhs income?

You can pay zero tax if you opt for the older tax regime, provided you claim the deductions and exemptions accurately. 

How can I reduce my salary tax?

You can reduce tax on your income by investing in Section 80C applicable products, like:

  • NPS
  • LIC
  • PPF
  • Tax-savings FDs
  • Claiming HRA
  • Claiming home loan interest deductions

How much income is tax-free according to the Income Tax Act?

Under the new tax regime, there is no tax levied for income up to ₹3 lakhs in FY 24-25.

Credit Card Advantages and Smart Usage Tips

Credit cards are now a regular part of how you pay for everyday things. You may use them to order food, shop online, book travel or manage a sudden expense. They make payments quick and hassle-free. When used the right way, credit card benefits can support both your spending and your financial planning.

Some important benefits of credit card usage include earning rewards like cashback, points or miles. You also get a chance to build your credit history. Most cards offer protection against fraud as well. On eligible spends, you get an interest-free period. You can also convert large purchases into EMIs. Many cards even come with extra perks like lounge access or travel insurance.

These credit card uses and benefits work best when you spend within what you can repay and clear your bill on time.

An Overview of Credit Cards

A credit card is a financial product offered by banks and NBFCs that lets you spend up to a pre-set credit limit. The credit limit is the maximum amount you can use at any time. You repay what you spend based on your billing cycle.
If you do not pay the total due on time, the card issuer may charge interest and fees on the outstanding amount. This is why understanding credit card uses and benefits goes hand in hand with knowing the costs.

Financial and Credit Benefits

These benefits of credit card use mainly support your cash flow and credit profile.

  • Instant credit access: You can pay now and repay later within your limit
  • Credit score building: Timely repayments help build and improve your credit score over time
  • EMI conversion: You can convert eligible purchases into EMIs to spread the cost across months
  • Emergency buffer: It can help during short-term cash crunches, as long as you repay on time

Rewards and Perks

Listed below are a few popular credit card benefits that can help you save and earn back value on spends:

  • Cashback and reward points: You earn rewards on eligible spends and redeem them later
  • Brand offers: You may get deals on dining, shopping, travel and entertainment
  • Travel insurance and purchase protection: Some cards include coverage based on terms set by the issuer
  • Welcome benefits: Many cards offer joining rewards if you meet the eligibility and spend criteria

Convenience and Security

Advantages of credit card usage are not limited to making payments easier. They also make them much safer:

  • Cashless convenience: Useful for online payments and travel, where carrying too much cash is not ideal
  • Fraud monitoring: Issuers use alerts and controls to help you track spends
  • Card controls: You can often freeze the card, set limits or control online usage via the app
  • Zero liability protection: Many issuers offer protection if you report unauthorised transactions within their timelines

Other Advantages

These are extra credit card benefits that depend on the card type and issuer features.

Interest Free Period (Up to 45 – 50 Days)

This is one of the most useful benefits of credit card usage when you plan your spends. If you buy something right after your billing date, you may get a longer time to repay before the due date. And if you repay the full amount due by the due date, you do not pay interest on those purchases.
Example: If your billing cycle closes on the 10th and you buy something on the 11th, your new bill may be generated on the next 10th. You can then repay by the due date mentioned on that bill. You may get close to 45 to 50 days, depending on your issuer’s rules and statement dates.

Recurring Payments

Credit cards can make recurring payments much more simpler and organised.

  • Auto debit for bills and subscriptions: You can set up automatic payments for utilities, OTT subscriptions and memberships
  • Better tracking: Your monthly spends show up in one place, making budgeting easier
  • Fewer missed payments: Auto debit reduces the risk of forgetting due dates, if you maintain enough credit 

Airport Lounge Access

Many premium cards even offer travel privileges that can improve your airport experience.

  • Lounge entry: You may get complimentary or discounted access to domestic or international lounges
  • Add-on perks: Some cards also offer priority services or travel benefits, based on the card variant and spends

How to Use Credit Cards Smartly?

If you use any credit card carelessly, the advantages of credit card usage can quickly turn into high-interest debt. Here are practical habits that keep credit card benefits working in your favour:

  • Pay the full amount due: This can help you avoid hefty interest charges while keeping the interest-free period meaningful
  • Keep utilisation low: Try not to use most of your limit every month. It helps your credit profile
  • Track spending weekly: Small spends add up fast. Regular checks keep things in control
  • Set a personal limit: Your credit limit is not your budget. Always decide your own monthly cap
  • Avoid cash withdrawals: These can attract charges and interest from day 1
  • Read the fee details: Check the annual fee, late fees, EMI charges and reward rules before heavy usage
  • Use EMIs only for planned spends: Convert big purchases into EMIs only when the monthly amount fits comfortably

Example: If your personal monthly budget for card repayment is ₹15,000, keep your total card spends within that limit. If you convert a ₹30,000 purchase into EMI, ensure the EMI plus your regular spends still stay within ₹15,000.

By using a credit card smartly, you can support daily spending, rewards and credit building. Over time, a good credit history can also help when you apply for loans. Having said that, if you ever need funds for a planned expense, you can explore options like an Instant Cash Loan. With Fibe, you can register on the Instant Loan app or website to access funds up to ₹10 lakhs within minutes!
You can even get a Fibe Axis Bank Credit Card – India’s first numberless card in minutes, through the Fibe app.

FAQs on the Benefits of Credit Card Use

Can I withdraw money from my credit card?

Many credit cards allow you to withdraw cash from the ATM of the issuer’s branch. Before proceeding, check the costs of this facility.

What are the risks of having a credit card?

Credit cards give the illusion that you can afford more than what your budget truly allows. With a credit card, it is easy to fall into a debt trap. These are some of the disadvantages of credit card use.

What are 5 disadvantages of a credit card?

Common disadvantages of not using a credit card carefully:

  • High interest: Charged when you do not pay the full bill on time
  • Late fees: Applied if you miss the payment due date
  • Overspending: Easy credit can lead to unplanned spending
  • Credit score drop: High usage of your limit can hurt your score
  • Added charges: Cash withdrawals and some EMIs come with fees

What is the limit of a credit card?

A credit card limit is the maximum amount you can spend using the card at any point in time. The issuer sets it based on factors like your income, repayment history, credit score and existing debt. Your available limit reduces when you spend and gets restored when you repay.

What is the 75 rule for credit cards?

The 75 rule is a budgeting thumb rule some people use to stay disciplined. It means you try to use only up to 75% of your credit limit. It’s actually best to keep utilisation well below that, to avoid overspending and to support a healthier credit profile.

How to Link Mobile Number to Aadhaar Card Online and Offline in 2026?

Linking your Aadhaar to your mobile number is important for verification, accessing services like banking and insurance and keeping your identity safe. When your mobile number is linked to Aadhaar,  you can easily check transactions. You can also get your Aadhaar back if you lose it and use Aadhaar-linked services easily. If you want to know how to link your number with Aadhaar, you can do it online or offline through centres that are allowed to do this. 

Your Aadhaar is connected to things like your PAN, bank accounts and investments. So, it is good to keep your number updated for easy access and better security, for all your financial activities.  
Read on to find out how to link your number to Aadhaar, both online and offline so you can do it without confusion. 

How to Link a Mobile Number with an Aadhaar Card Online? 

If you prefer doorstep service, you can link your Aadhaar with your mobile number online through India Post Payments Bank (IPPB). Here is how to link mobile number with Aadhaar card online: 

Step 1: Visit the official website 
Go to https://www.ippbonline.com/web/ippb/doorstep-banking  

Step 2: Share your basic details 
Enter simple details like your name, address, mobile number and email ID. These help the post office reach you easily for the next steps. 

Step 3: Choose the right service 
From the service drop-down, select PPB – Aadhaar Service. Then choose UIDAI – Mobile or Email to Aadhaar linking or update. This tells the system exactly what you want to update. 

Step 4: Request and confirm OTP 
Once everything is filled in, click on Request OTP. You will receive an OTP on your mobile number. Enter it on the next screen and confirm your request. 

Step 5: Save your reference number 
After submission, you will see a Reference Number. Keep this handy. You can use it to track your request later. 

A postal official will visit your address to complete biometric verification. After verification, your mobile number gets linked to Aadhaar. You can also check the update status later on the UIDAI website. 

How to Link a Mobile Number with an Aadhaar Card Offline? 

If you don’t mind visiting a branch physically, you can even link your Aadhaar with your mobile number offline. 

Step 1: Locate your nearest Aadhaar enrolment or update centre using the UIDAI website 

Step 2: Visit the centre with your Aadhaar card 

Step 3: Fill out the Aadhaar update form for mobile number linking 

Step 4: Complete biometric verification 

Step 5: Pay the required fee and collect the acknowledgement slip 

You will receive a Unique Request Number (URN), which can be used to track the update status online. 

How to Book an Appointment for Aadhaar Link to Mobile Number? 

If you are planning to visit an enrollment centre, booking an appointment in advance can help you avoid long waiting times. 

  • Step 1: Visit the official UIDAI website 
  • Step 2: Select ‘Book Appointment’ 
  • Step 3: Choose the Aadhaar update service 
  • Step 4: Pick a nearby enrolment centre 
  • Step 5: Select a convenient date and time 

Documents Required to Link Aadhaar with Mobile Number 

The process is simple and does not require many documents. You only need your Aadhaar card. Biometric verification is completed at the centre or during doorstep service. No additional identity proof is required. 

Charges for Linking Aadhaar to Mobile Number 

  • Aadhaar mobile number update fee: ₹50 
  • The fee is the same for online and offline methods 
  • Payment is made during the update request 

How to Check if Aadhaar Card is Linked with Mobile Number? 

After submitting your request, you can check whether your mobile number is linked. 

Step 1: Visit the official UIDAI website 
Step 2: Select ‘Verify Aadhaar Number’ 
Step 3: Enter your Aadhaar number and Captcha 
Step 4: Submit to view the status 

If your number is linked, you will see confirmation on the screen. 

How to Change Mobile Number Linked with Aadhaar? 

 
Keeping your mobile number updated with Aadhaar is important for receiving OTPs, accessing online services, and completing identity verification seamlessly. Follow these simple steps to update your registered mobile number. 

Step 1: Visit the Nearest Aadhaar Enrolment/Update Center 

Go to your nearest Aadhaar Seva Kendra or Aadhaar Enrolment Center. 

Step 2: Carry Your Aadhaar Card 

Take your Aadhaar card or Aadhaar number with you for verification. 

Step 3: Request for Mobile Number Update 

Ask for the Aadhaar Update/Correction Form and select the option to update your mobile number. 

Step 4: Fill in the Required Details 

Enter your Aadhaar number and the new mobile number you want to link. 

Step 5: Submit Biometrics for Verification 

Your fingerprint or iris scan will be taken to verify your identity. 

Step 6: Pay the Update Fee 

Pay the required Aadhaar update fee at the center. 

Step 7: Collect the Update Request Number (URN) 

After submission, you will receive an acknowledgment slip containing the URN to track your request. 

Step 8: Track the Update Status 

You can check the update status online using the URN on the official UIDAI website. 

Step 9: Mobile Number Gets Updated 

Once verified and approved, your new mobile number will be linked to your Aadhaar. 

Benefits of Linking Aadhaar Card with Mobile Number 

Linking your Aadhaar with your mobile number offers several benefits: 

  • Faster KYC for banks and financial services 
  • Easy OTP-based verification 
  • Quicker access to government services 
  • Simple Aadhaar retrieval if lost 
  • Smoother loan and investment applications 

Many lenders use Aadhaar-based OTP verification during loan checks. If your mobile number is not linked, this step can take longer than expected. That is why knowing how to link mobile number with Aadhaar helps. Keeping your details updated makes verification quicker and the overall process smoother. 

And when you are ready to apply, Fibe lets you get started easily. You can apply for an Instant Personal Loan of up to ₹10 lakhs in just a few minutes. Just download the Fibe app or apply via the website to start your borrowing journey!   

FAQs on linking Aadhaar with mobile number 

How can I link my mobile number with an Aadhaar card online? 

You can link your mobile number with your Aadhaar card online through the Indian Postal Service website. It clearly explains how to link Aadhaar with phone number using a simple doorstep verification process. 

How many days does it take to link Aadhaar with a mobile number? 

After verification is complete, it can take up to 5 to 10 days for your Aadhaar card to be linked with your mobile number.  

Can I link more than one mobile number with my Aadhaar? 

As per the UIDAI guidelines on how to link mobile number with aadhar, you can register only one mobile number with each Aadhaar card. But there is no limit to the number of Aadhaar numbers that can be linked to the same mobile number. 

Why is it necessary to link a mobile number with an Aadhaar number? 

To access Aadhaar-linked services, you will receive an identity verification code on your mobile number linked to your Aadhaar card. Hence, it is necessary to have your active mobile number linked with the Aadhaar card.  

Is it possible to update my Aadhaar details anywhere in India? 

You can visit your nearest Aadhaar Enrolment Update Centre to link your Aadhaar with your mobile number. 

Is there any fee for updating mobile number to Aadhaar? 

 
Yes, UIDAI charges a nominal fee for updating your mobile number linked to Aadhaar. You can visit the nearest Aadhaar Enrolment or Update Centre to complete the process. Carry your Aadhaar card for verification. The update is usually processed within a few days after successful submission. 

How can I check if my mobile number is linked to Aadhaar? 

 
You can check whether your mobile number is linked to Aadhaar by visiting the official UIDAI website and using the “Verify Email/Mobile Number” service. Enter your Aadhaar number and mobile number to confirm the linkage status instantly through OTP-based verification. 

How to Get a ₹10,000 Loan on Aadhaar Card Online

Managing sudden expenses or small financial needs has become much easier with digital lending. Today, many lenders allow you to get a ₹10,000 loan on Aadhaar card instantly with a completely online and paperless journey. Since Aadhaar works as both ID and address proof, you can complete Aadhaar-based e-KYC and get quick approval for a ₹10,000 loan on Aadhaar card online.   
With just your Aadhaar details, basic eligibility and a simple application form, you can apply anytime and receive instant funds in your bank account. Whether it’s an emergency, a bill payment, or a short-term need, a ₹10,000 loan on Aadhaar card offers a fast and convenient solution.  

Steps to Apply for a Personal Loan of ₹10,000  

Applying for a ₹10,000 loan on Aadhaar card online is a straightforward process. Here’s a step-by-step guide to help you complete your Fibe application smoothly:  

Step 1: Register on Fibe  

Visit the Fibe website or download the Fibe App. Sign up using your mobile number and verify it through OTP.  

Step 2: Enter Basic Details & Aadhaar Number  

Fill in details like your name, employment type, PAN and city. Enter your Aadhaar number to complete e-KYC verification.  

Step 3: Check Your Loan Eligibility  

Based on your Aadhaar details, income profile and basic information, the system instantly checks your eligibility for a ₹10,000 loan.  

Step 4: Select Loan Amount & Tenure  

Choose ₹10,000 as your loan requirement and pick a repayment tenure that suits your budget.  

Step 5: Upload KYC & Income Documents  

Upload documents like Aadhaar-based e-KYC, bank statements or salary details. No heavy paperwork is required.  

Step 6: Get Quick Approval  

Fibe’s alternate credit scoring model helps even applicants with thin or no credit history receive loan approval.  

Step 7: Receive Instant Disbursal  

Once approved, the amount is transferred directly to your bank account usually within minutes.  

Eligibility Criteria for a Loan of ₹10,000  

To qualify for a ₹10,000 loan on Aadhaar card, you need to meet these simple requirements:  

Criteria Details 
Residency Requirement Must be an Indian resident 
Age Criteria Between 19 and 60 years 
Minimum In-hand Salary  ₹20,000 per month 

Features of a ₹10,000 Loan on Aadhaar Card Verification  

Applying for a ₹10000 loan on Aadhaar card online has benefits for customers: 

  • You get quick verification and faster loan disbursal. Aadhaar e-KYC allows for checks of your identity. This leads to approvals and fund transfers for your ₹10000 loan. 
  • The application process is simple and digital. You can apply for the ₹10000 loan anytime anywhere using your Aadhaar details. There is no need for paperwork. 
  • The documentation required is minimal. Your Aadhaar card serves as both your identity proof and address proof. This reduces the need for documents when applying for a ₹10000 loan. 
  • The entire process of applying for a ₹10000 loan is fully digital. This makes the application seamless and hassle-free. 
  • You also get repayment options, for your ₹10000 loan. You can choose a repayment tenure that suits your situation and repayment capacity. 
  • One good thing is that the ₹10000 loan is completely unsecured. You do not need to provide collateral, a guarantor or security to avail the loan. 
  • The processing of your ₹10000 loan application is also faster. The verification process is. Digital workflows ensure quick turnaround times. 

Interest Rate on Aadhaar Card Loan of ₹10,000 

Before applying for a ₹10,000 loan on Aadhaar card, it’s important to understand applicable charges. Fibe maintains transparency to help you plan better.  

Fee Type Amount 
Rate of interest Starting from18% per annum on reducing balance basis 
Processing fee Starting from 2% of the loan amount plus GST 
Tenure 6 – 36 months 
APR Starting from 18% 
Bounce charges ₹500 
Stamp duty 0.1% of the loan amount 
Mandate rejection charges ₹250 plus GST 
Foreclosure charges Nil 
Late payment charges ₹ 500 or 3% of overdue whichever is higher plus applicable taxes 

 
EMI Calculation on ₹10,000 Loan on Aadhaar Card  

Understanding your EMI helps you plan your repayments better. The standard formula to calculate EMI is:  

EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ – 1)  

Where:  

  • P = Loan Amount (₹10,000)  
  • r = Monthly Interest Rate  
  • n = Loan Tenure in Months  

To simplify this, you can use the convenient Fibe EMI Calculator.  

Fibe offers a fast and secure platform to get a small amount personal loan without any hassle. With Aadhaar-based e-KYC, instant approvals and minimal eligibility criteria, you can get a 10,000 loan within minutes even if you are new to credit.  
 
Simply download the Fibe App or apply online to get started.  

FAQs on How to Get a ₹10,000 Loan on Aadhaar Card  

Can I get a ₹10,000 loan without a salary slip? 

Yes, you can get a ₹10,000 loan even if you do not have your salary slips. You just need to give your bank statements for your salary account 

Which app can give me a ₹10,000 loan? 

You can get a ₹10,000 loan from the Fibe App. Just download the Fibe App, register, complete your profile and upload your Aadhaar -KYC documents and you will receive funds instantly. 

How is the ₹10,000 loan on Aadhaar card disbursed?  

The ₹10,000 loan is typically disbursed digitally. The lender verifies your Aadhaar-linked details and KYC. Once your ₹10,000 loan is approved the amount is directly transferred to your registered bank account. This usually happens within minutes to a hours. 

What is the interest rate on a ₹10,000 loan on Aadhaar card? 

Interest rates on a ₹10,000 loan vary from lender to lender. They generally range between 12% to 36% annually. The exact rate depends on factors, like your credit profile, repayment history and the loan tenure. The charges are clearly shown to you before you accept the ₹10,000 loan. 

5 Best Banks for Savings Account in India 2026: Top Banks Compared

A savings account is one of the safest and easiest ways to manage your money while earning interest on your balance. In 2026, several Indian banks are offering savings account interest rates of up to 7.50% per annum, along with benefits like zero balance accounts, cashback offers, digital banking, and lifestyle rewards. 

If you are looking for the best bank for a savings account in India, the right choice depends on factors like: 

  • Interest rate offered 
  • Minimum balance requirement 
  • ATM and branch access 
  • Additional benefits like cashback, insurance, and rewards 

In this guide, we compare the top savings account banks in India in 2026, including their interest rates, minimum balance requirements, and standout features to help you choose the right option. 

Best Banks for Savings Account in India 2026 

Bank Savings Account Interest Rate* Minimum Balance Requirement Key Highlight 
DBS Bank 3.00% – 7.00% p.a. Zero balance options available Strong digital banking experience 
RBL Bank 4.00% – 7.50% p.a. Zero balance available on select accounts High interest rates 
IndusInd Bank 3.50% – 6.75% p.a. ₹10,000 onwards (varies by account) Multiple customised account options 
HDFC Bank 2.75% – 3.50% p.a. ₹10,000 onwards (location-based) Trusted private banking network 
Kotak Mahindra Bank 3.50% – 4.00% p.a. Zero balance options available Feature-rich mobile banking 
SBI 2.70% – 3.00% p.a. Zero balance accounts available Extensive branch and ATM network 
ICICI Bank 3.00% – 3.50% p.a. ₹10,000 onwards Smart digital banking features 
Axis Bank 3.00% – 3.50% p.a. ₹12,000 onwards Premium debit card offers 

Disclaimer: Interest rates and minimum balance requirements are subject to change at the bank’s discretion. Please check the latest rates on the official bank websites before opening an account. 

1. DBS Bank Savings Account 

DBS Bank has emerged as one of the most preferred digital-first banks in India. Its Digibank savings account is popular among users looking for seamless online banking and higher interest earnings. 

Key Features 

  • Interest rates up to 7.00% per annum 
  • Quick online account opening process 
  • Zero balance account options 
  • Amazon Pay Gift Card worth up to ₹250 
  • Lifestyle membership benefits worth up to ₹25,000 
  • Unlimited ATM withdrawals on eligible accounts 
  • Seamless banking through the Digibank App 
  • No restrictions on deposits 

Best for: Digital-first users looking for a fully online banking experience with attractive rewards. 

2. RBL Bank Savings Account 

RBL Bank offers some of the highest savings account interest rates in India in 2026. The bank also provides zero-balance account variants and lifestyle-focused benefits. 

Key Features 

  • Interest rates up to 7.50% per annum 
  • Instant online account opening through Video KYC 
  • Zero balance savings account options 
  • Complimentary insurance benefits 
  • 24/7 fund transfer services 
  • Debit cards with offers and cashback 
  • Joining vouchers from partner brands 

Best for: Customers seeking higher interest earnings on their savings balance. 

3. IndusInd Bank Savings Account 

IndusInd Bank provides a wide range of savings account variants tailored to different lifestyles and income groups. The bank is known for its personalised banking experience. 

Key Features 

  • Interest rates up to 6.75% per annum 
  • More than 15 savings account variants 
  • Option to choose your preferred account number 
  • Entertainment and lifestyle offers 
  • Easy documentation process 
  • Fee waivers on eligible accounts 
  • Advanced digital banking services 

Best for: Users who want customised savings account features and lifestyle benefits. 

4. HDFC Bank Savings Account 

HDFC Bank remains one of the most trusted private banks in India due to its strong branch network, secure banking infrastructure, and wide range of savings products. 

Key Features 

  • Interest rates ranging from 2.75% to 3.50% per annum 
  • Savings accounts for women, seniors, and youth 
  • Super Saver facility with auto sweep benefits 
  • Safe deposit locker access 
  • Cashback and discounts on debit cards 
  • Easy balance enquiry and mobile banking 
  • Free annual maintenance charges on select demat accounts 

Best for: Customers looking for reliability, accessibility, and strong offline banking support. 

5. Kotak Mahindra Bank Savings Account 

Kotak Mahindra Bank is widely recognised for its modern banking app and feature-rich digital ecosystem. It also offers zero-balance savings account options. 

Key Features 

  • Interest rates up to 4.00% per annum 
  • Zero balance savings account variants 
  • Video KYC-based account opening 
  • Mobile banking app with 180+ features 
  • Savings of up to ₹40,000 through partner discounts 
  • Offers on groceries, medicines, shopping, and entertainment 
  • Contactless debit card facilities 

Best for: Young professionals and digitally active users looking for convenience and rewards. 

How to Choose the Best Bank for Savings Account in India? 

Choosing the right Savings Account is really important. It is not about finding the bank that gives you the highest interest rate on your Savings Account. You need to think about a lot of things to make sure the Savings Account is good for the way you handle your money and what you want to achieve in the future with your Savings Account. 

First, you need to look at the interest rates that different banks offer on their Savings Accounts. Even a small difference in the interest rates can make a difference in how much money you earn from your Savings Account over time, especially if you keep a lot of money in your Savings Account. 

Next, you need to check how money you need to keep in your Savings Account to avoid problems. Some banks let you have a Savings Account without needing to keep any money in it or have 0 balance. Other banks require you to keep a certain amount of money in your Savings Account every month or you will have to pay a fine. 
You should also think about how easy it is to use the bank’s online services with your Savings Account. Things like being able to move money using UPI to pay for things having a good mobile banking app being able to track what you spend and getting help from the bank whenever you need it make doing everyday banking tasks with your Savings Account much simpler. 

Another thing to think about is where the banks ATMs and branches are located for your Savings Account. If you often take out cash or like to go to the bank in person to manage your Savings Account, you should choose a bank that has locations near you so you can easily get to your Savings Account. 

Finally, look at the additional benefits such as: 

  • Cashback and shopping offers 
  • Insurance coverage 
  • Free debit cards 
  • Lounge access 
  • Auto-sweep fixed deposit facility 
  • Reward points and loyalty programmes 

According to financial experts, an ideal savings account should balance: 

‘High liquidity, easy accessibility, safety and moderate returns.’ 

You can also maintain multiple savings accounts for different purposes, such as: 

  • Salary management 
  • Emergency fund 
  • Daily expenses 
  • Travel or lifestyle savings 

This strategy can help you optimise your finances better. 

Why Interest Rates Matter in Savings Accounts? 

Savings account interest rates directly impact how your idle money grows over time. For example: 

Account Balance Interest Rate Estimated Annual Earnings 
₹1 lakh 3% p.a. ₹3,000 
₹1 lakh 7% p.a. ₹7,000 
₹5 lakh 7% p.a. ₹35,000 

While savings accounts are not meant for aggressive wealth creation, choosing a higher-yield account can help your emergency funds grow steadily while remaining accessible. 

Savings Account vs Fixed Deposit: Which is Better? 

Feature Savings Account Fixed Deposit 
Liquidity High Limited 
Interest Rate Moderate Higher 
Risk Very low Very low 
Withdrawal Flexibility Anytime Penalty on premature withdrawal 
Best For Emergency and daily funds Long-term savings 

If you need instant access to funds, a savings account is better. If you want higher guaranteed returns for a fixed tenure, a fixed deposit may be more suitable. 

Need Funds Without Breaking Your Savings? 

If you are short on funds but want to continue building your savings, Fibe can help. You can get a Personal Loan of up to ₹10 lakhs at attractive interest rates with a completely digital process. 

With Fibe, you get: 

  • Quick approval and disbursal 
  • Minimal documentation 
  • Flexible repayment options 
  • 100% online application process 

Download the Fibe Instant Loan App or sign up on the website to get started. 

FAQs on Savings Accounts in India 

What will savings account interest rates be in 2026? 

Savings account interest rates in 2026 are expected to remain competitive, especially among private and small finance banks. Currently, some banks offer rates up to 7.50% per annum depending on your account balance. 

Interest rates generally depend on: 

  • RBI monetary policy 
  • Market liquidity 
  • Bank profitability strategies 
  • Deposit mobilisation needs 

Always verify the latest rates before opening an account. 

Which bank gives the highest interest rate on savings account in India in 2026? 

As of 2026, RBL Bank and DBS Bank are among the banks offering some of the highest savings account interest rates in India, with rates going up to: 

  • RBL Bank: Up to 7.50% p.a. 
  • DBS Bank: Up to 7.00% p.a. 

The applicable interest rate may vary depending on your account balance and account type. 

Is my money safe in a bank in 2026? 

Yes. Savings accounts in India are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India. 

Currently, deposits up to ₹5 lakhs per depositor per bank are insured, including both principal and interest amounts. 

What is the minimum balance requirement in Indian banks in 2026? 

The minimum balance requirement varies across banks and account types. Some banks offer zero-balance savings accounts, while others may require balances ranging from ₹5,000 to ₹25,000. 

Banks offering zero-balance account options include: 

  • SBI 
  • Kotak Mahindra Bank 
  • RBL Bank 
  • DBS Bank 

Will savings account interest rates continue to rise in 2026? 

Savings account interest rates in 2026 may fluctuate based on RBI policies, inflation trends and banking liquidity. While some banks may continue offering promotional high-interest savings accounts, experts expect rates to stabilise gradually over time. 

It is advisable to compare updated rates regularly before choosing a bank. 

Can I have savings accounts in multiple banks? 

Yes, you can legally maintain multiple savings accounts across different banks in India. Many people use separate accounts for: 

  • Salary credits 
  • Emergency funds 
  • Investments 
  • Household expenses 
  • Travel savings 

However, make sure you maintain the required minimum balance in each account to avoid penalties. 

What is the difference between a savings account and a current account? 

Savings Account Current Account 
Designed for individuals Designed for businesses 
Earns interest Usually does not earn interest 
Limited transactions in some cases Unlimited transactions 
Encourages saving habits Supports frequent business transactions 

Is it better to keep money in a savings account or a fixed deposit? 

A savings account is ideal for emergency funds and daily transactions because it offers easy access to your money. A fixed deposit is better suited for long-term savings because it generally provides higher interest rates. 

A balanced financial plan often includes both: 

  • Savings account for liquidity 
  • Fixed deposit for better returns 

What are the Personal Loan maximum and minimum tenures?

The personal loan minimum tenure and the maximum tenure are important factors to consider while getting a loan. It is one of the easiest credit instruments you can get from any bank, NBFC, or financial institution.  

This collateral-free loan offers advantages like an easy online application and no end-use restrictions. However, the online personal loan needs to be repaid on time and the ease you enjoy while doing so depends on the tenure you choose.  

The personal loan maximum duration offered to you differs from lender to lender. However, simply choosing the minimum or maximum personal loan tenure options isn’t a wise move. There are certain advantages that you can get when you choose a shorter repayment timeline.  

Here is a snapshot of the pros and cons of choosing the maximum vs minimum tenure: 

Table Mentioned 

Read on to know all about the maximum and minimum tenures of personal loans and why you must keep them in mind when planning your loan.  

Table of Contents 

Personal Loan Minimum Tenure 

Personal Loan Maximum Tenure 

Factors to Remember When Choosing Your Personal Loan Tenure 

Ways to Increase the Personal Loan Tenure 

Requesting the Financial Institution 

Going for a Personal Loan Balance Transfer 

FAQs on Personal Loan Tenure 

What is the maximum tenure to repay a personal loan? 

How much time is required to get a personal loan? 

Can I get a personal loan for 7 years? 

Personal Loan Minimum Tenure 

In general, the personal loan minimum tenure offered by banks is 1 year or 12 months. However, digital lenders or NBFCs may offer you a shorter repayment window. At Fibe, you can repay your instant personal loan as quickly as 3 months. 

Choosing the minimum tenure can help you in many ways. Firstly, it allows you to repay your debt faster and be free of EMIs. Secondly, it enables you to pay less as your total interest since the personal loan interest increases when your repayment duration is longer. However, a shorter tenure can lead to higher monthly instalments, so choose it based on your income and expenses.  

Also Read: What are the benefits of a personal loan 

Personal Loan Maximum Tenure 

A majority of financial institutions offer a personal loan maximum tenure of about 5 years or 60 months. This usually applies when the loan amount is also high. At Fibe, the personal loan maximum duration is 36 months, as you can get a loan of up to ₹10 lacs.  

Choosing a long-tenure personal loan can be an intelligent move when you want to spread your EMIs across more time. This makes your instalments more pocket-friendly and eliminates stress from the repayment equation. However, a longer tenure leads to higher total interest dues. So, choose your tenure carefully while keeping savings and ease of repayment in mind.  

Bank-wise Personal Loan Tenure Comparison 2026 
Compare repayment flexibility across top banks and NBFCs to choose a tenure that fits your monthly budget and long-term financial goals. 

Bank / Lender Minimum Tenure Maximum Tenure Typical Range Key Notes 
State Bank of India (SBI) 6 months 6 years 1 – 5 years Longer tenure options for salaried and pensioners 
HDFC Bank 12 months 5 years 2 – 4 years Quick disbursal, flexible tenure selection 
ICICI Bank 12 months 6 years 2 – 5 years Pre-approved offers may allow longer tenure 
Axis Bank 12 months 5 years 2 – 4 years Customisable EMI plans 
Kotak Mahindra Bank 12 months 5 years 2 – 4 years Competitive interest rates with mid-range tenure 
IndusInd Bank 12 months 5 years 2 – 4 years Instant approval for eligible customers 
Bank of Baroda 12 months 7 years 3 – 5 years One of the longest tenure options among PSU banks 
Punjab National Bank 12 months 5 years 2 – 4 years Stable option for government employees 
Canara Bank 12 months 7 years 3 – 6 years Longer tenure for lower EMI burden 
Union Bank of India 12 months 5 years 2 – 4 years Flexible schemes for salaried individuals 
IDFC FIRST Bank 6 months 5 years 1 – 4 years Short-term options available 
Yes Bank 12 months 5 years 2 – 4 years Digital-first lending experience 
Bajaj Finserv (NBFC) 12 months 8 years 3 – 6 years Among the longest tenure in NBFC segment 
Tata Capital (NBFC) 12 months 6 years 2 – 5 years Flexible repayment with top-up options 
Fibe (NBFC) 3 months 36 months 6 – 24 months Short-tenure, instant digital loans 

 
Factors to Remember When Choosing Your Personal Loan Tenure 

Here are some factors to consider regarding the loan duration:  

  • Loan-to-Income Ratio  

When you take a loan, your total EMIs cannot be more than 50% of your monthly earnings. Keep this in mind when choosing your personal loan tenure.  

  • Existing Monthly Expenses  

If you have multiple existing loans or high monthly expenses, choosing a longer repayment window may be easier on your finances. This prevents you from missing or delaying your EMIs, which can harm your credit score.  

  • Rate of Interest  

The rate of interest and tenure of a personal loan usually go hand in hand. This means that a lengthy tenure results in a higher interest rate from lenders and vice versa. Weigh this fact when choosing your tenure.   

  • Loan Amount  

Choose your tenure as per the loan amount based on your earnings and obligations. While you can repay a lower amount quickly, you may want to take your time paying back a higher loan amount.  

Ways to Increase the Personal Loan Tenure 

Choosing a longer repayment tenure for your loan is a great way to reduce the EMI amount and make the repayment easier. Here are 2 ways to get a longer repayment term:  

Requesting the Financial Institution 

  • You can request the financial institutions through which you got the loan to extend the repayment tenure 
  • You can support your case with your income proofs and expenses 
  • Proving that repaying the existing EMI amount is difficult for you can help you get the tenure extended 

Going for a Personal Loan Balance Transfer 

  • To get suitable loan terms, you can shift your loan to another lender that offers a longer repayment tenure  
  • This will make repayment easier and you will get room for other expenses 
  • With timely repayment, your credit score can also increase 

Choosing between a personal loan’s minimum and maximum tenure is simple once you consider the above-mentioned factors. With a flexible personal loan tenure from lenders like Fibe, you can repay your Instant Cash Loan conveniently.  

Key factors that influence loan tenure approval  

Understanding these factors can help you choose the right repayment period and improve your chances of getting favourable loan terms. 

  • Income Stability & Level 

Lenders assess your monthly income and job stability to decide how long a tenure you can comfortably manage. Higher and stable income often qualifies you for longer tenures. 

  • Credit Score & History 

A strong credit score and clean repayment history indicate reliability, making lenders more comfortable offering flexible or longer tenures. 

  • Age of the Applicant 

Your age plays a crucial role—young borrowers may get longer tenures, while those nearing retirement are usually offered shorter repayment periods. 

  • Employment Type 

Salaried individuals with steady jobs may get longer tenures, whereas self-employed applicants might face stricter evaluation due to income variability. 

  • Loan Amount 

Higher loan amounts are often paired with longer tenures to reduce EMI burden, while smaller loans typically come with shorter repayment periods. 

  • Existing Financial Obligations (EMIs/Debts) 

If you already have multiple loans or EMIs, lenders may limit your tenure to reduce risk and ensure manageable repayment capacity. 

  • Debt-to-Income Ratio (DTI) 

A lower DTI ratio improves your chances of securing a longer tenure, as it shows you have enough income left after expenses to repay the loan. 

  • Interest Rate Offered 

Higher interest rates may push borrowers towards longer tenures to keep EMIs affordable, while lower rates may allow shorter tenures. 

  • Loan Type (Secured vs Unsecured) 

Secured loans (like home loans) typically come with longer tenures, whereas unsecured loans (like personal loans) usually have shorter repayment periods. 

  • Lender’s Internal Policies 

Each lender has its own risk assessment criteria, maximum tenure limits, and eligibility rules that influence the final tenure offered. 

  • Repayment Capacity Assessment 

Lenders evaluate your overall financial profile including expenses, savings, and dependents before deciding the ideal tenure. 

To choose a suitable tenure for your loan, use the free online personal loan EMI calculator available on our app or website. For maximum ease of use, simply download our Instant Loan App and enjoy speedy access to funds.  

FAQs on Personal Loan Tenure 

What is the maximum tenure to repay a personal loan? 

At Fibe, you can choose a repayment period of up to 36 months.  

How much time is required to get a personal loan? 

This depends on the lender you choose. Fibe offers personal loans of up to ₹5 lacs within 2 minutes.  

Can I get a personal loan for 7 years? 

Yes. Some lenders offer long-term personal loans. However, these loans are usually short-term and you generally repay in up to 5 years.  

What is the shortest tenure of a personal loan? 

This depends on the lender you choose. The minimum tenure for Fibe’s loans is 3 months, and this is usually considered among the shortest repayment durations.  

Can we finish the personal loan early? 

Yes, when applying with Fibe, you foreclose your loan at zero charges. 

What is the longest tenure of a personal loan? 

This differs from one lender to another, but usually, you can repay it in up to 60 months or 5 years. 

What is Income Tax Return and why filing ITR is important in India?

Knowing the meaning of ITR is essential as it will help you stay compliant with the tax laws of the country. Simply put, an income tax return or ITR is an essential form for declaring your income details and the applicable tax information to the IT Department. According to the IT Act of 1961, all eligible entities need to pay tax depending on the income they earn. 

Read on to know what is ITR, the importance of income tax return filing and more.

What is an Income Tax Return?

An ITR form lists the income you generate during a particular financial year. The income you have earned may include the following:

  • Income earned from salary
  • Income generated from capital gains
  • Income gained from your house property
  • Any profit you have accrued from your business
  • Income earned from various other sources in the form of dividends, royalty income, etc.

The IT Department has categorised the applicability of these forms based on parameters such as:

  • The category to which the taxpayer belongs 
  • The income source of the taxpayer
  • The total amount of income generated

What are the Different ITR Forms Available?

Here are the seven different ITR forms:

  • ITR-1: This form is suitable for all resident individuals earning an income of less than ₹50 lakhs. You can generate this income from your pension, salary, one property or other sources like winning lotteries or horse races.
  • ITR-2: Any income generated above ₹50 lakhs needs to be filed using this form. All your capital gains, income earned from more than one property, foreign or even crypto income needs to be declared using Form ITR-2. Generally, all HUFs and individuals are eligible to file ITR-2 if:
  1. ITR-1 does not apply to them
  2. They do not have any income gained from business or profits
  • ITR-3: This form has to be filed by individuals and HUFs generating income from the gains and profits earned in a profession or business.
  • ITR-4: This is applicable for HUFs, resident individuals and all firms (excluding LLPs) who are earning income up to ₹50 lakhs along with income generated from profession or business.
  • ITR-5: This is applicable to BOIs (Body of Individuals), LLPs (Limited Liability Partnerships), and AOPs (Association of Persons). 
  • ITR-6: All companies not claiming any exemption under Section 11 need to file this form for income tax returns. 
  • ITR-7: All companies and individuals included under specific sections must file their returns using this form. The categories include:
  1. Section 139(4A)
  2. Section 139(4B)
  3. Section 139(4C)
  4. Section 139(4D)

Also Read: How To Pay Your Income Tax Online?

Why is Filing an ITR Mandatory?

Filing ITR is critical if your annual income exceeds the basic exemption limit, and delays can:

  • Attract penalties
  • Affect your chances for visa or instant loan approvals

So, ensure you file your returns with due diligence well before the timeline. 

Here are a few conditions applicable for filing an ITR:

  • If you have opted for the old tax regime, you must file a return if your gross income for a particular year
    • Exceeds ₹2.5 lakhs, and you are an individual below 60 years 
    • Exceeds ₹3 lakhs and you are above 60 but less than 80 years 
    • Exceeds ₹5 lakhs if you are above 80 years
  • If you have opted for the new tax regime, you must file a return if your income exceeds ₹3 lakhs 
  • If you need to apply for any form of credit or a visa
  • If you run a company, regardless of whether or not it is generating profit or loss
  • If you need to claim a refund for the excess tax paid from the IT Department
  • If you have invested in foreign assets during a financial year

You can file your returns through:

  • Paper format
  • Electronically using a digital signature or an electronic verification code
  • The official Income Tax e-filing portal
  • Electronic transmission and submitting Return Form ITR-V for verification

What are the Advantages of Filing Income Tax Returns?

Filing your ITR comes with several benefits. For instance, return filing will help you avoid the penalties, monetary and otherwise, associated with non-filing. It also demonstrates your accountability and fiscal responsibility. 

Filing an ITR also gives you additional income proof, which can be helpful while applying for credit. By filing your ITR, you can also claim adjustments for any losses in the past. 

Who Should File Income Tax Returns?

The following individuals and entities need to file ITR:

  • All individuals with a total income exceeding the basic exemption limit in a financial year
  • All registered companies, whether or not they have earned profit in the financial year 
  • Individuals who need to claim a refund on excess tax deduction or income payment
  • Individuals with assets located outside of India
  • Foreign companies getting benefits on transactions that are made in India
  • NRIs earning or accruing ₹2.5 lakhs in India in a financial year
  • Other conditions as mentioned in the Income Tax Act

Filing ITR is also essential for getting a loan. If you are looking for a one-stop solution to meet your financial needs, you’re at the right place! With Fibe, you can get an Instant Personal Loan of up to ₹5 lakhs in just 2 minutes. 

We provide affordable credit solutions at flexible tenures and pocket-friendly interest rates. All you need to do is fill in the application form and submit basic documents. Register on our website or download our Personal Loan App to get the required funds and manage your requirements hassle-free!

FAQs on Filing Income Tax Returns in India

Who is eligible for ITR?

All individuals and businesses in India need to file tax returns if their income is higher than the basic exemption limit.

What are the different types of ITR?

There are 7 different types of income tax returns based on the:

  • Category
  • Income earned
  • Source of income of a particular taxpayer

What is the purpose of filing an ITR?

The importance of income tax return filing includes:

  • It helps you claim tax refunds from the IT Department, if applicable
  • It also helps you record your total earnings generated during a financial year

What will happen if we don’t file ITR?

If you don’t file ITR:

  • You may have to pay penalties
  • It may delay your visa or loan approval process

How to file an income tax return?

You can file your returns via:

  • The paper format
  • Electronically using a digital signature or an electronic verification code
  • The official Income Tax e-filing portal
  • Electronic transmission and then submitting Return Form ITR-V for verification

What is the difference between ITR and income tax returns?

There is no difference as ITR is an acronym for Income Tax Returns.

Who is eligible to file an income tax return?

All Indian residents earning a total income above the basic exemption limit are required to file returns.

Is it compulsory to file ITR?

Yes, return filing is mandatory if you are earning income that crosses over the exemption limit.

Is it mandatory to file income tax returns below ₹5 lakhs?

This depends on the tax regime you choose. 

  • It isn’t compulsory if your income is under ₹2.5 lakhs and you’ve opted for the old regime
  • It isn’t compulsory if your income is under ₹3 lakhs and you’ve opted for the new regime  
  • Also, if your income exceeds this amount but is under ₹5 lakhs, you may be eligible to claim a rebate.

Sources:
https://incometaxindia.gov.in/

Microcredit: Understand Meaning, Features, Example and more

Knowing microcredit meaning is crucial, especially if you plan to get a loan for your small business. Microcredit for businesses provides financing options that empower them to function seamlessly. With adequate funding, businesses can ensure they have enough capital to sustain and execute operations stress-free. That’s not all. This funding also helps aspiring entrepreneurs get started and launch a business.

As a financing tool, microcredit has many benefits. One of them is instant and hassle-free funding to meet unexpected business expenses. But to get the approval, you need to meet a few terms and follow adequate protocols. 

Read on to learn the meaning of microcredit, its examples and its importance.

What is Microcredit?

Microcredit refers to a business loan of a small amount. It offers financial support to entrepreneurs in need of short-term funding. This funding intends to aid low-income group individuals and enable them to pursue their entrepreneurial ambitions. 

With the help of microcredit, individuals can work on growing their existing small businesses or use it to start a new business. Financial backing provided by microcredit can encourage individuals to realise their entrepreneurial ideas. 

This initiative helps boost the country’s economy, reduce poverty and improve lifestyle. Microcredit is offered by:

  • Commercial banks
  • Non-profit organisations (NGOs)
  • Government or public banks
  • Cooperative societies
  • Credit unions

Microcredit solutions are generally collateral-free. However, some instruments may require collateral. Individuals looking into getting this facility also get flexible repayment tenures and affordable interest rates. 

Features of Microcredit

Here are some attractive features offered by microcredit:

1. Loans of a short tenure

Eligible borrowers can become debt-free soon as the repayment period is 1-2 years.

2. Low minimum sanction

Lenders offer microloans starting at ₹5,000. The average loan amount that most eligible borrowers apply for is usually around ₹30,000. This allows them to get small-ticket loans that do not strain their finances during repayment.

3. Minimal or no collateral requirement

Individuals do not have to risk their personal assets as microloans are available without any need to provide security. This also helps make the loan approval process smoother and faster.

4. Cost-efficient rate of interest

Lending institutions offer microloans to boost a borrower’s income via entrepreneurship. As such, the funding generally comes at pocket-friendly interest rates. This makes repayment easier.

5. Quick approvals

Organisations that offer microcredit are mindful of borrowers’ needs. They make the process seamless by approving loan applications faster. 

6. Minimal paperwork requirement

Since microcredit facilities do not require collateral, borrowers only need to submit basic KYC and income-related documents. This helps speed up the application process.

7. Option of flexible loan repayment

Based on the financial institution, individuals can repay microcredit in various convenient ways. They can choose between weekly, monthly or other structures like making a payment every 15 days.

Modern-day microcredit solutions are a key part of microfinance and have evolved to cater to the nuanced requirements of individuals and businesses. The Government of India also introduced an initiative providing microcredit to those who needed it. 

Facilitated by the National Bank for Agriculture and Rural Development (NABARD), the government’s microcredit program has helped many from economically weaker sections get access to financing solutions to either set up or expand their businesses. 

Leading financial institutions also offer such services and have simplified access down to a few clicks. Digitisation has empowered this shift, enabling seamless access across the nation.  

Importance of Microcredit

Microcredit provides numerous benefits to the borrowers, as well as the economy as a whole. With various types of microcredit options available, you can choose one based on your requirements. Here are a few benefits of microcredit:

  • Helps in improving the country’s economy
  • Encourages entrepreneurship
  • Helps in the alleviation of poverty
  • Empowers the country’s economically weaker section
  • Encourages financial independence
  • Improves employment and entrepreneurship
  • Helps in improving the standard of living
  • Encourages utilisation and improvement of skills
  • Drives financial inclusion for the underserved

Whether you are an entrepreneur or a working-class citizen, there may be instances in life where you need external financial support. Microcredit provides this support, especially to those looking to run a business. 

Fibe, a leading lending platform, also offers financing of up to ₹5 lakhs to salaried and self-employed professionals for a range of needs. We make credit more inclusive, as you do not need a credit score to get a loan. With Fibe, you can get an Instant Personal Loan through a convenient and straightforward digital application. You also get flexible repayment options and attractive interest rates with us. 

All you have to do is download our Personal Loan App or log in to our website and apply.

FAQs on Microcredit

1. What is an example of microcredit?

An example of microcredit is a loan offered by Microfinance Institutions (MFIs) or other such entities to the economically weaker sections of the population. These can be business or startup loans and the funds can help individuals explore entrepreneurial opportunities. 

2. What are the functions of microcredit?

The primary function or objective of microcredit and its associated schemes is to provide small business loans to the financially weaker sections of the country. Entrepreneurs can use the funds to set up a new business or expand an existing one. 

3. What is the difference between microcredit and microfinance?

Microcredit is a part of microfinance. Microfinance refers to initiatives and financial services for supporting financially weaker entrepreneurs. This also includes additional facilities and initiatives, including agricultural loans, government subsidiaries, larger business loans, savings accounts and much more. 

4. What is microcredit as per the RBI?

The Reserve Bank of India, or RBI, monitors and regulates the financial institutions in India, including those that offer microcredit. The Reserve Bank of India released a new notification regarding microcredit. According to this notification, Indian families with an annual income of ₹3 lakhs can get collateral-free microfinance loans.