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Credit Card

Yes Bank credit card settlement (OTS) happens when Yes Bank agrees to accept a reduced lump sum, less than your full outstanding, to close a credit card account that has turned into an NPA (loan marked as bad by the bank). By this point the card is usually already blocked for further use, settlement is about closing what's owed, not the card facility itself.

By Mohit Juneja | 25 August 2026

Debt payoff planner

A debt payoff planner is a simple plan that lists every debt you owe and sets the order to pay them off in. It tells you which debt gets your extra money first, while you keep paying the minimum on everything else, until each one is cleared.

By Mohit Juneja | 25 August 2026

Personal Finance

For a standard fixed-rate loan with equal monthly instalments, every bank uses the same underlying formula: EMI = P × r × (1+r)^n ÷ [(1+r)^n − 1]. Some lenders structure products differently, flat-rate pricing, variable rates, or irregular instalments, so this formula applies specifically to standard reducing-balance loans. The amount stays the same each month, but what it actually pays off, interest versus principal, changes every single month.

By Mohit Juneja | 25 August 2026