Wednesday, October 4th, 2023

These important documents will have to be given to get a credit card, know the advantages and disadvantages

Photo:PIXABAY Credit Card

The documents required while applying for a credit card depend on the bank or financial institution. But generally you should keep the following documents ready. Identity proof can be your Aadhar card, PAN card, driving license, passport or voter ID card. According to bankbazaar, address proof may require electricity bill, telephone bill, Aadhaar card, or other legal documents of your residential address.

Keep these important documents ready too

Apart from this, you should also keep the annual income tax return ready. If you have your own business or other sources of income, you can present this as a certificate of your financial condition. If you are employed then keep your latest salary slip ready. You must also have a completed application form when you apply for a credit card, as it contains your personal details and the official request for a credit card.

Among important documents (Credit Card important documents), latest passport size photo can also be demanded from you. You may also be asked to provide bank statements for the last three to six months. These help in verifying your financial transactions. If you are employed, then keep Form 16 issued by your company or employer ready. This contains proof of your paid taxes and TDS deductions.

Advantages and disadvantages of credit card

Experts say that if you use credit card in a disciplined manner, it helps you in time. This card is beneficial for you. But if you are careless in financial discipline. That is, if you are careless in paying the dues on time, then it can become a cause of trouble for you. This is because after the deadline, banks charge huge interest and penalty for delay.

READ ALSO  If you invest in mutual funds then there is relief news, you got enough time for this work.

Latest Business News

Whatsapp GroupJoin
Telegram channelJoin

Delivery of this premium E-SUV started in India, 521 km. Range, 80% charge in 50 minutes

Highlights: The car company has booked more than 2 thousand units in India. The car can cover 100 km in just 7.3 seconds. picks up speed. The Chinese company has booked more than two...

Multibagger Stock: ₹ 118 stock broke down to ₹ 6, investors broke down to buy the stock, a bumper jump of 7%

New Delhi:A sudden bumper bounce has been seen in the stock of a company which is continuously rolling in the stock market. There is a sudden rush of investors to buy this stock. Now...

Tata denied the news related to the price of Nexon facelift and Nexon.ev, told the date when it will be announced.

Photo:TATA MOTORS nexon facelift Tata Motors has denied the ongoing news regarding the prices of its upcoming SUV Nexon Facelift Edition. The company has said in its email that the ongoing news regarding the...