It’s like having a credit card without a card. Banks will provide a certain amount as a ‘credit line’ depending on the customer’s repayment habits and income. It will be linked to your mobile phone’s UPI.
What is the benefit of credit line in UPI?
When you buy goods or services in a store or online, you will pay money from your bank account. After getting this ‘credit line‘ facility, it will also be added to the UPI payment method on your mobile phone. You can also pay money through this.
Like a credit card, it also has an ‘interest free period’ for repaying the money. You cannot send money to friends or acquaintances with this credit line. You cannot buy gold or Bitcoin. You can only transact with the merchant UPI IDs of the merchants.
Banking professionals believe that this credit line is going to revolutionize the financial sector on a grand scale in the future.
Can I stop sip when the market is down?
No. There is no better opportunity to invest more. Think calmly. Donald Trump is a skilled businessman. He knows the strategy of bringing others to the path.
By imposing such severe import taxes, he has put a heavy burden on the heads of the countries of the world. This will be the maximum pain.
From now on, every country will start talking to the United States and looking for ways to reduce the import taxes imposed on them. In six months or a year, everyone will come to a balance again.
Then again, stocks and mutual fund schemes based on them will grow well. So, continue to invest during this time.
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